By Akash Sriram(Reuters) - Lyft (NASDAQ:LYFT) is buying mobility platform FreeNow from German automotive giants BMW (ETR:BMWG) and Mercedes-Benz (OTC:MBGAF) for 175 million euros ($198.40 million) to expand into the European ride-hailing market, the U.S. company said on Wednesday.Under pressure from dominant ride-hailing rival Uber Technologies (NYSE:UBER) in its home North American market, Lyft ...
By Lawrence Delevingne and Harry RobertsonBOSTON/LONDON (Reuters) - Global shares fell on Wednesday, with gold trading at record highs and the dollar languishing, as U.S. restrictions on chip sales to China and continued tariff uncertainty battered tech stocks.Washington issued new export licensing requirements for sales of Nvidia (NASDAQ:NVDA)’s H20 and AMD (NASDAQ:AMD)’s MI308 artificial int ...
Investing.com -- SSE (LON:SSE) and Shell (NYSE:SHEL) (LON:SHEL) are the latest additions to Bernstein’s Best Ideas list for the second quarter of 2025, reflecting the brokerage’s preference for defensive plays and resilient income in the current volatile macro environment.Bernstein analysts upgraded SSE to a Best Idea based on its “defensive growth at a compelling valuation,” supported by ...
Investing.com -- Shares of Hertz (NASDAQ: HTZ) soared 20% following the news that Bill Ackman’s Pershing Square Capital Management disclosed a significant stake in the car rental company. The hedge fund revealed ownership of 12.7 million shares in an amended 13F filing, representing an investment worth approximately $46.5 million.The surge in stock price comes as investors react to Pershing Squa ...