Tag: novel coronaviruses

Digital in yours hands

Uber’s revenue doubles, but stocks fall after Lyft warns of higher ride costs

UberTechnologies Inc. UBER -4.65% revenue more than doubled in the last quarter as demand for rides rebounded from the slowdown caused by the Covid-19 outbreak late last year and the company’s food delivery increased despite the reopening of restaurants. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% on…
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Uber’s revenue doubles, but stocks fall after Lyft warns of higher ride costs

UberTechnologies Inc. UBER -4.65% revenue more than doubled in the last quarter as demand for rides rebounded from the slowdown caused by the Covid-19 outbreak late last year and the company’s food delivery increased despite the reopening of restaurants. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% on…
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April deliveries for Chinese automakers hit by Covid

A Covid outbreak in China, which forced production shutdowns, weighed on April production figures for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric vehicle manufacturers NIO, XPeng and Li-Auto reported April deliveries on Sunday morning. The numbers are not very good. It gives You’re here investors something else to worry about.…
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Tesla investors beware: Poor April deliveries from NIO, Li, XPeng hit by Covid.

A Covid outbreak in China, which forced production shutdowns, weighed on April production figures for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric vehicle manufacturers NIO , XPeng and Li-Auto reported April deliveries on Sunday morning. The numbers are not very good. It gives You’re here investors something else to worry…
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