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Fintech Focus Roundup For September 5, 2020
Friday, September 4, 2020 - 9:28pm | 960Read More...Metromile, Ford Motor Change Car Ownership What's The Problem: Today, fewer consumers fit the traditional profile of car owners. Instead, among other things, many use ride-share services such as Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT). The problem with these evolving...
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'Psychological Milestone': Stock Market Update For The Week Ahead
Sunday, August 23, 2020 - 2:56pm | 2252Read More...The Last Week In A Nutshell What Happened: “The market has taken us on a roller coaster ride that no one would have believed — from the depths of March 2020, when we dropped to a level last seen in 2016 (e.g., $2,237.40 on the S&P 500) to a 51% rally back to reclaim an all...
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Fintech Focus For August 21, 2020
Thursday, August 20, 2020 - 6:19pm | 2298Read More...Quote Of The Day: Always remember that you are absolutely unique. Just like everyone else. - Margaret Mead Fintech Movers: Insurtech startups are adding pressure to traditional insurance outfits in Asia Pacific (APAC) and beyond – both will likely need cloud adoption to survive long-term. -...
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Lyft Vs. Uber Is No Longer The War We're Interested In
Friday, August 14, 2020 - 10:17am | 865Read More...On Wednesday, Lyft Inc (NASDAQ: LYFT) reported its second quarter results for the period that ended on June 30th. This was its first full quarter during the pandemic that ended the life we knew practically overnight. Not surprisingly, Lyft reported a dramatic revenue drop of 61%. The Full Fury Of...
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Fintech Focus For August 11, 2020
Monday, August 10, 2020 - 6:14pm | 2346Read More...Daily Perspective: The definition of market prices is whatever the Fed says it will be. - Minerd Fintech Movers: The Federal Reserve recently announced the FedNow Service, which it said will be rolled out in a phased approach, with a target service date of 2023 or 2024. - Benzinga Coinbase hires...
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Major Earnings Expected This Week Include Cisco, Lyft, Baidu After Marriott Leads Off
Monday, August 10, 2020 - 10:00am | 2076Read More...With earnings taking a slight breather, focus this week could turn more toward geopolitical and virus headlines. That means the relative lack of volatility we’ve enjoyed lately has a chance of fading away even more quickly than the weekend just did. There are a lot of...
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'Doing Well By Doing Good': How LeagueSide Is Impacting Communities, Youth Sports
Friday, July 24, 2020 - 7:40am | 967Read More...“A very viable way to lift communities, bridge people, together, and support communities, is helping kids play sports.” - Evan Brandoff, co-founder, LeagueSide The COVID-19 coronavirus dealt a heavy blow, putting up to 50% of youth sports organizations at risk of going out of business...
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Fintech Focus For July 15, 2020
Wednesday, July 15, 2020 - 7:56am | 1654Read More...Daily Perspective: I don’t think anybody should leave any bank earnings call this quarter simply feeling like the worst is absolutely behind us and it’s a rosy path ahead. - Michael Corbat Fintech Movers: The disrupted circulation of physical currency has even led to a national coin...
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Fintech Focus For July 8, 2020
Wednesday, July 8, 2020 - 10:22am | 2122Read More...Daily Perspective: Capital markets are not free markets allocating resources in traditional ways. - Ray Dalio Fintech Movers: Nasdaq and the London Stock Exchange Group have both taken steps to grow the digital asset ecosystem as institutional interest increases. - Markets Media Iran cracks down...
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The Implications Of COVID-19 On Uber And Lyft
Tuesday, March 24, 2020 - 2:25pm | 606Read More...Ride-hailing services Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NYSE: LYFT) entered 2020 gunning for profits, but the spread of coronavirus in the U.S. is going to threaten those plans as companies throughout the globe are facing unforeseen challenges. As recently as a few weeks ago,...
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Lyft Offers Delivery Of Medical Supplies, Meals, Medical Transportation During Pandemic
Sunday, March 22, 2020 - 11:39pm | 467Read More...Lyft Inc. (NASDAQ: LYFT) is implementing a host of measures to aid those affected by the novel coronavirus (COVID-19) pandemic, TechCrunch reported Sunday. What Happened In a blog post, the ride-sharing company said that government and healthcare organizations could use its on-demand services...
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Only Technology Can Save And Lead The Automotive Industry Forward
Wednesday, March 11, 2020 - 9:58am | 878Read More...Technology has been evolving faster and faster during the last decade. And probably it will never be as slow as it is today. And that technology development is also boosting electric vehicles, autonomous driving, fast connectivity, artificial intelligence, and similar. The faster it evolves, the...
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3 Reasons Why Top Hedge Funds Have Changed Their Minds On Uber
Tuesday, February 25, 2020 - 10:53am | 985Read More...Oh, how quickly the tables have turned. Ride-sharing stocks Uber Technologies (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) were highly criticized by investors last year, as both stocks stumbled out of their IPO gates. The general consensus was, disruptive as they were, that the duo...
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Lyft Beats Wall Street Estimates But Its Stock Falls
Wednesday, February 12, 2020 - 9:45am | 1046Read More...Lyft Inc (NASDAQ: LYFT) has reported its fourth-quarter results after market closed on Tuesday. Investors were focused on the company's user growth and timeline for hitting profitability, after its main competitor ride-hailing giant Uber Technologies Inc (NYSE: UBER) recently smashed...
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Magna Shutting Off Costly Partnership With Lyft
Thursday, January 16, 2020 - 2:55pm | 315Read More...Magna International (TSE: MGA) is ending its costly two-year partnership with LYFT Inc (NASDAQ: LYFT) to jointly develop self-driving technology, the Canadian automotive supplier said Thursday as it announced that it expected sales to decline in 2020. The company offered no reasons for the move,...
