October 16, 2018

Softbank ‘anxiously’ monitoring Saudi Arabia situation, exec says

Softbank Group Chief Operating Officer Marcelo Claure said it is “business at usual” at the companies backed by its nearly $100 billion Vision Fund despite a […]
October 16, 2018

Netflix subscriber growth beats estimates, shares surge

Netflix Inc added about 7 million streaming customers in the latest quarter, 1.8 million more than Wall Street expected, as it debuted a record amount of […]
October 16, 2018

Global stocks rebound with earnings in focus; oil little changed

Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.S. production was overshadowed […]
October 16, 2018

Railroad operator CSX’s quarterly profit tops Wall Street target

CSX Corp on Tuesday reported quarterly profit that topped Wall Street’s view, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting, broad-based volume growth […]
October 16, 2018

U.S. Senate bill could give Tesla, GM electric car tax credit boost

Tesla Inc and General Motors Co, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could get their […]
October 16, 2018

Uber IPO proposals value company at $120 billion: WSJ

Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks […]
October 16, 2018

Lyft selects JPMorgan, Credit Suisse for IPO in 2019: source

Ride-hailing company Lyft Inc has chosen JPMorgan Chase & Co, Credit Suisse and Jefferies as underwriters for its initial public offering, slated for the first half […]
October 16, 2018

U.S. judge approves SEC settlement with Tesla, Musk; shares jump

A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to […]
October 16, 2018

Big U.S. banks end third quarter on high note

Wall Street’s top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. […]
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