Investing.com -- Shares in car rental company Hertz have seen a significant rise, extending gains to 29%, following the disclosure of a new stake by Pershing Square Capital Management. The hedge fund has revealed a purchase of 12.7 million shares in Hertz, which has a value of approximately $46.5 million.This news has had a positive impact on Hertz’s stock performance, with a more than 21% incre ...
Investing.com - Lyft (NASDAQ:LYFT) has agreed to acquire mobility app FreeNow for 175 million euros as part of a bid by the taxi service to expand its presence in Europe.The move comes as Lyft looks to harness new revenues sources in the face of intense competition in the U.S. with rival Uber Technologies (NYSE:UBER).In a statement, Lyft said the transaction, which was worth roughly $197 mi ...
Investing.com -- Goldman Sachs downgraded Target Corp (NYSE:TGT) to "Neutral" from "Buy," given concerns about a weaker recovery in discretionary categories, increased downside risk to earnings, and signs of slowing sales.The brokerage said Target’s discretionary mix, about 53% of its 2024 product assortment, makes it more vulnerable to softer consumer spending, especially compared to pee ...
Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Building & Construction, Telecoms & IT and Energy & Utilities sectors led shares higher.At the close in Saudi Arabia, the Tadawul All Share rose 0.15%.The best performers of the session on the Tadawul All Share were Lazurde for Jewelry Co (TADAWUL:4011), which rose 10.00% or 1.28 points to ...