January 2025

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DoorDash has announced a partnership with Lyft, aiming to integrate ride-sharing benefits into its delivery service offerings. This collaboration was revealed alongside DoorDash’s third-quarter financial results, which showed a 25% increase in revenue to $2.7 billion from July to September. This figure exceeded Wall Street’s expectations of $2.65 billion, as reported by analysts from FactSet.

MetaMeta Platforms Inc. posted stronger-than-expected third-quarter results on Wednesday. This was fueled by advertising revenue growth and the push to incorporate artificial intelligence. For the three months ended on Sept. 30, the company earned $15.69 billion, or $6.03 per share, up 35% from a year earlier. Revenue rose 19% to $40.59 billion. However, the Instagram

Bitcoin with ticker BTCUSD is still in a higher degree bullish trend as expected. After spotting wave IV correction on the daily chart recently, it is now resuming higher for wave V. There is potential for it to reach the 100k area through a new lower degree five-wave bullish cycle. The BTCUSD Daily Chart can

Troubled carmaker Stellantis reported a 27% plunge in net revenues during the third quarter. Gaps in launching new products and inventory reduction actions led to a 20% drop in global shipments of new vehicles. The world’s fourth-largest carmaker, created by the 2021 merger of PSA Peugeot and Fiat Chrysler Automobiles, had net revenues of 33

Reddit has reported its first profit as a public entity, with a $29.9 million profit, equating to 16 cents per share, for the period ending in September. This figure exceeded the projected sales of $312.8 million by analysts, with actual sales reaching $348.4 million. The social platform also witnessed a significant surge in its daily

LONDON (AP) – British Treasury chief Rachel Reeves raised taxes by around 40 billion pounds ($52 billion) on Wednesday. This is to plug a hole in public finances and fund the UK’s cash-starved public services. The move comes in a beefy budget that could set the political tone for years to come. In the Labour

The December WTI (CLZ24) trading session settled at 68.61 (+1.40) [+2.08%], with a high of 69.17 and a low of 67.28. Cash price is at 67.17 (-0.18), and open interest for CLZ24 is at 354,114. CLZ settled below its 5-day (69.10), 20-day (71.44), 50-day (70.28), 100-day (73.21), and 200-day (74.30) moving averages. The COT report

Shares of Super Micro Computer fell 33% on Wednesday following the announcement that Ernst & Young (EY) had resigned as its public accounting firm. EY’s resignation occurred while auditing Super Micro’s most recent fiscal year’s financials. In July, EY communicated concerns over transparency and internal control issues related to the tech company’s financial reporting, leading

Starbucks’ new Chairman and CEO, Brian Niccol, has set a goal to reinvigorate the company’s sales by ensuring customers receive their orders hand-delivered by a barista in four minutes or less. This objective is central to his strategy, as he aims to make it easier for customers to get their coffee. Niccol, who joined Starbucks