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Day: May 8, 2024

Robinhood’s crypto business drives massive earnings beat
Business

Robinhood’s crypto business drives massive earnings beat

May 8, 2024May 8, 2024

By Sri Hari N S and Niket Nishant (Reuters) -Online brokerage Robinhood Markets beat estimates for first-quarter profit on Wednesday, thanks to robust crypto trading

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GM to end production of Chevy Malibu as it shifts to EVs
Business

GM to end production of Chevy Malibu as it shifts to EVs

May 8, 2024May 8, 2024

By David Shepardson (Reuters) -General Motors said Wednesday it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce

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Shopify’s downbeat revenue growth forecast sends shares to six-month low
Business

Shopify’s downbeat revenue growth forecast sends shares to six-month low

May 8, 2024May 8, 2024

By Harshita Mary Varghese (Reuters) – Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain

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Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
Business

Lyft forecasts strong quarterly earnings as ride-hailing demand picks up

May 8, 2024May 8, 2024

By Yuvraj Malik (Reuters) -Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for

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