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Saturday, February 22, 2020
NEW YORK (Reuters) - Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O), the two leading U.S. ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around. Uber shares shot up 9% on Friday after the...
A Chevrolet Equinox SUV is seen on the production line at SAIC-GM Wuhan Manufacturing Plant on April 7, 2017 in Wuhan, China.VCG | Getty ImagesThe coronavirus extending factory shutdowns in China is the latest problem for increasingly "dangerous days" for the Detroit automakers in the world's largest vehicle...
Chairman and CEO of Bank of America Brian T. Moynihan attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse(Reuters) - Bank of America Corp (BAC.N) kept Chief Executive Officer Brian Moynihan’s 2019 compensation flat at $26.5 million,...
Investors showed discipline around the IPO of Casper Sleep, and that is a good sign for the market, CNBC's Jim Cramer said Friday."I'm glad that there's little appetite for something like Casper," the "Mad Money" host said. "That tells you this red-hot market still has discerning taste, that...
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin takes part in a Q&A session at Chatham House in London, Britain, January 25, 2020. REUTERS/Henry NichollsWASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin said on Friday he expects 2020 U.S. GDP growth to be less than 3%, partly due to problems...
A U.S. citizen diagnosed with the new coronavirus died in Wuhan, China on Thursday, the U.S. embassy said in a statement."We can confirm a 60-year old U.S. citizen diagnosed with coronavirus died at Jinyintian Hospital in Wuhan, China on February 6. We offer our sincerest condolences to the...
FILE PICTURE: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China Jan. 7, 2020. REUTERS/Aly Song/File PhotoSHANGHAI (Reuters) - U.S. electric carmaker Tesla’s (TSLA.O) factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to...
Corporate America would make great business strides if employers put more effort into making their workforce include women and "true diversity," Sheryl Palmer, CEO of the country's fifth-largest homebuilder, Taylor Morrison, told CNBC on Friday.The comments came one day after a Wall Street Journal report found that just...
FILE PICTURE: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China Jan. 7, 2020. REUTERS/Aly Song/File PhotoSHANGHAI (Reuters) - U.S. electric carmaker Tesla’s (TSLA.O) factory in China’s financial hub of Shanghai will resume production on Feb. 10, a Shanghai government...
A Chinese woman wears a protective mask as she walks in a nearly empty and shuttered commercial street on February 7, 2020 in Beijing, China.Kevin Frayer | Getty ImagesThis is a live blog. Please check back for updates.All times below are in Beijing time.10:40 am: Singapore trade minister...

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