Twilio shares surge 32% after results crush Wall Street estimates
Twilio Inc shares surged 32% to a record high after the cloud communication provider’s quarterly results and forecast smashed Wall Street estimates on increased demand...
Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs
Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber’s results on Thursday, after Lyft indicated a slow recovery in demand...
U.S. demand for cars expected to rebound while travel, dining lag: ad agency
Consumer demand for cars could begin to recover this month in the United States after steep declines due to the coronavirus pandemic, but the hard-hit...
Lufthansa says is seeking 9 bln eur bailout
Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) “stabilisation package” with Germany’s Federal Economic Stabilization Fund....
Stocks shake-off U.S. jobs data thanks to China trade relief
World shares largely shook off data on Thursday showing millions more Americans sought unemployment benefits, with sentiment sustained by stronger than expected Chinese exports....
Harley-Davidson names Jochen Zeitz as CEO
Motorcycle maker Harley-Davidson Inc on Thursday named Jochen Zeitz as chief executive officer. Zeitz has served as acting president and CEO of the company since...
Wall Street set to jump as China data fuels recovery hopes
Wall Street’s main indexes were set to open sharply higher on Thursday after a surprise rise in Chinese exports and a surge in oil prices...
Fashion shift online picks up even as stores reopen
Retailers selling fashion online are emerging as the winners of the coronavirus crisis as consumers are staying home even as stores start to reopen, results...
Kohl’s to reopen 25% of stores as states lift lockdown restrictions
Kohl’s Corp said on Thursday it plans to reopen a quarter of its stores by next week, as retailers start to get business going again...
PayPal, Square eye boost as crisis spurs online shopping shift
Wall Street analysts looked past a surprisingly shaky first quarter for payment processors PayPal Holdings Inc and Square Inc hoping that the shift towards more...