The buyback comes as the ride-hailing service aims to boost its free cash flow and refocuses on autonomous vehicles.
Carwow predicts strong demand in used car market for early 2025
The company reported a 49% increase in used car enquiries through its platform in the last quarter of 2024.
10 stocks making best use of investors’ money. Here’s who beats Nvidia.
A company’s return on average assets sheds light on how well its management team has allocated investors’ money.
Tesla upgraded, ServiceTitan initiated: Wall Street's top analyst calls
Tesla upgraded, ServiceTitan initiated: Wall Street's top analyst calls
Fed's Cook: Further rate cuts can come cautiously
The U.S. Federal Reserve can be cautious with any further interest rate cuts given a solid economy and inflation proving stickier than previously expected, Fed Governor Lisa Cook said on Monday. Since the Fed began cutting its benchmark policy rate in September, "the labor market has been somewhat more resilient, while inflation has been stickier than I assumed at that time," Cook said in remarks for delivery at the University of Michigan Law School. The Fed reduced the policy rate by a full percentage point over its last three meetings of 2024, but is expected to keep the policy rate in the current range of 4.25% to 4.5% at the next meeting on Jan. 28-29.
Trump, Fed Seen Risking $127 Billion Latin America Bond Rush
(Bloomberg) -- A debt-sale bonanza that saw Latin American borrowers rush to global markets at the fastest pace in three years is set to peter out in 2025.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusNYC Congestion Pricing to Take Effect After Years of DelaysCan American Drivers Learn to Love Roundabouts?Record government bond sales, a slew of first-time borrowers and a pickup in Arg
MicroStrategy Buys Bitcoin After Adding Preferred Offering
(Bloomberg) -- MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusNYC Congestion Pricing to Take Effect After Years of DelaysCan American Drivers Learn to Love Roundabouts?The Tysons Corner, Virgina-based ent