Straits Times Index
3,264.53 -35.51 (-1.08%) S&P 500
5,186.27 -1.43 (-0.03%) Dow
39,033.97 +149.71 (+0.39%) Nasdaq
16,301.84 -30.72 (-0.19%) Bitcoin USD
62,545.56 -472.13 (-0.75%) CMC Crypto 200
1,331.06 +36.39 (+2.81%)
UBER Jan 2025 72.500 put
| Previous close | 9.55 |
| Open | 9.10 |
| Bid | 11.65 |
| Ask | 11.80 |
| Strike | 72.50 |
| Expiry date | 2025-01-17 |
| Day's range | 9.10 - 9.55 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.14k |
- Yahoo Finance Video
Tesla probe, Reddit earnings, market outlook: Morning Brief
Tesla stock (TSLA) is being dragged down lower after US Department of Justice (DOJ) officials are focusing their attention on alleged securities and wire fraud in their ongoing investigation of the EV maker's full self-driving features. In its first-ever quarterly report since going public in March, Reddit (RDDT) beat earnings estimates, noting daily active user growth as the site continues to optimize its AI model across the platform. Uber (UBER), Shopify (SHOP), and Affirm (AFRM) are also taking a hit in Wednesday's session after reporting earnings. Morgan Stanley Global Head of Corporate Credit Research Andrew Sheets joins The Morning Brief to discuss whether market trends are the result of micro or macro drivers. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Uber sinks on Q1 loss while Lyft ridership increases
Shares of Uber (UBER) are trading lower Wednesday morning after the company posted its first quarter results, revealing gross bookings fell below estimates. However, revenue grew 15% year over year to $10.13 billion. In contrast, Lyft (LYFT) shares are rising as the company beat revenue expectations on the top and bottom line for its first quarter results. In addition, the company grew active ridership, exceeding expectations, at its fastest pace since 2022. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for both companies and what they could mean for the stocks moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Is Lyft on the road to recovery after topping Q1 estimates?
Lyft, Inc. (LYFT) beat first-quarter earnings estimates, reporting $1.28 billion in revenue, and pushing the stock higher in extended trading hours. D.A. Davidson Senior Research Analyst Tom White sits down with Market Domination Overtime to discuss the ride-hail company's latest earnings figures, as well as its growth in gross bookings and active rider counts. "We're seeing Lyft kind of recapture some share, part of that is due to some lower pricing that David Risher, the CEO, kind of implemented when he assumed the reins," White explains. "We're just trying to get a sense of whether or not these share gains are really sustainable or is this just kind of an inevitable kind of bit of recovery from a relatively depressed level of category share, and it's going to be hard for them to kind of meaningfully get to where they were, maybe pre-pandemic." White also weighs in on Uber's (UBER) earnings expectations as the Lyft competitor is scheduled to release results Wednesday morning. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
