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Lyft investors sue over earnings typo that sparked buying frenzy

Lyft is being sued by shareholders for alleged securities fraud after errors in recent earnings reports on key profit metrics sent the ride-hailing company’s stock price wildly up and then down. Shareholders allege in a proposed class action lawsuit Tuesday that Lyft initially predicted on Feb. 13 that its profit margins would expand by 500 […]

Should investors adjust their portfolios in a presidential election year?

Steve Chiavarone, senior portfolio manager at Hermès Union, evaluates retail earnings, the outlook for a 2024 Fed rate cut, and the January durable goods report. Uncertainty leading up to the situation presidential election Investors are often spooked, with some worrying about the expected rematch between President Biden and former President Trump this fall. Financial services […]

‘Pig-butchering’ scams have cost crypto investors $75B: study

A recent study found that “pig-butchering” cryptocurrency scammers stole a staggering $75 billion from investors’ digital wallets, but the large-scale theft was primarily carried out by hard-to-police overseas criminal networks. It became clear that it was planned. The scam, which has proliferated during the pandemic, involves a scammer “butcher” starting a conversation with what initially […]

Fisker slumps as cash warning sends investors ‘running for cover’

Copenhagen Consensus Chairman Björn Lomborg talks about promoting electric vehicles and its huge impact on the US Shares of cash-strapped Fisker fell nearly 47% on Friday after the company warned of continued concern risks, layoffs and a pause on investments in future projects until it secures a partnership with a manufacturer. did. The company warned […]