May 6, 2020

T-Mobile beats phone subscriber estimates as lockdown creates demand surge

T-Mobile US Inc said on Wednesday it added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a surge in demand […]
May 6, 2020

Lyft sees rider demand improve in late April, ‘on path to profitability’

Lyft Inc on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable, saying ridership hit by the coronavirus pandemic had […]
May 6, 2020

S&P 500, Dow drop as financial sector declines counter tech gains

The S&P 500 and the Dow fell on Wednesday as declines in financials and defensive groups countered gains in tech shares and as data showed U.S. […]
May 6, 2020

Exclusive: U.S. drafts rule to allow Huawei and U.S. firms to work together on 5G standards – sources

The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China’s Huawei Technologies on […]
May 6, 2020

Lyft sees rider demand rebound in late April, ‘on path to profitability’

Lyft Inc on Wednesday surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as the U.S. coronavirus lockdown batters […]
May 6, 2020

T-Mobile beats first-quarter postpaid subscriber estimates

T-Mobile US Inc added more monthly bill paying phone subscribers than expected in the first quarter, thanks to cheaper plans compared to its rivals and a […]
May 6, 2020

Fox Corp quarterly revenue tops estimates as Super Bowl boosts viewership

Fox Corp beat Wall Street estimates for third-quarter revenue and profit on Wednesday as Super Bowl broadcast boosted television viewership, sending the company’s shares up more […]
May 6, 2020

PayPal profit slumps as COVID-19 weighs on spending

Payment processor Paypal Holdings Inc reported an 87.4% slump in first-quarter profit on Wednesday, as consumers spent less due to the COVID-19 lockdowns and unemployment numbers […]
May 6, 2020

World shares mixed amid hopes for business pickup; oil slips

Oil prices slid and world equity markets seesawed on Wednesday as investor hopes for a pickup in business activity were dashed by downbeat economic data and […]
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