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Lyft to launch road show for up to $2 billion IPO: sources

4 days ago DieselGasoil Comments Off on Lyft to launch road show for up to $2 billion IPO: sources
(Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter. FILE PHOTO: An electric scooter from the ride sharing company Lyft is Read More

Top gamer 'Ninja' made $1 million to promote EA's 'Apex Legends' launch: source

7 days ago DieselGasoil Comments Off on Top gamer 'Ninja' made $1 million to promote EA's 'Apex Legends' launch: source
BENGALURU (Reuters) – What are a few hours playing videogames and a handful of tweets worth? $1 million if you are Tyler Blevins, known to millions as “Ninja,” the world’s most-followed computer gamer. Feb 2, 2019; Atlanta, GA, USA; Ninja during red carpet arrivals for the NFL Honors show at the Fox Theatre. Mandatory Credit: Read More

At least 23 dead in Alabama tornadoes, winter not over for northeast

2 weeks ago DieselGasoil Comments Off on At least 23 dead in Alabama tornadoes, winter not over for northeast
(Reuters) – Rescuers sifted through rubble looking for more dead and wounded after two back-to-back tornadoes touched down in Alabama, killing at least 23 people, authorities said. The storms inflicted their worst damage on Lee County, Alabama Sunday, an area that includes the state’s largest city of Auburn, destroying numerous homes and businesses. More than Read More

BP boss Dudley says US shale is 'a market without a brain’

3 weeks ago DieselGasoil Comments Off on BP boss Dudley says US shale is 'a market without a brain’
The growing US shale oil sector is a “market without a brain,” because it is only reacting to market signals unlike other major producers of crude, according to the head of British energy major BP, Bob Dudley. “The US is probably the only country that completely responds to market signals… like a market without a Read More

Wall Street on track to snap recent run of gains after weak data

4 weeks ago DieselGasoil Comments Off on Wall Street on track to snap recent run of gains after weak data
NEW YORK (Reuters) – Weak economic data pressured U.S. stocks on Thursday after a recent run of gains, while a drop in healthcare shares added to the bearish momentum. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid/File Photo The Commerce Department said Read More

Asian shares hover near four-month high, buoyed by trade optimism

1 month ago DieselGasoil Comments Off on Asian shares hover near four-month high, buoyed by trade optimism
TOKYO (Reuters) – Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo, Japan December 27, 2018. REUTERS/Kim Kyung-Hoon While Read More

Long, strange trip: How U.S. ethanol reaches China tariff-free

1 month ago DieselGasoil Comments Off on Long, strange trip: How U.S. ethanol reaches China tariff-free
NEW YORK/KUALA LUMPUR (Reuters) – In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia. FILE PHOTO: Clouds hover above a corn field in Dubuque, Iowa, U.S., July 26, 2018. REUTERS/Joshua Lott/File Photo Two months later – after a circuitous journey that included a ship-to-ship transfer and Read More

Fed set to hold rates steady as it navigates data blind spots

2 months ago DieselGasoil Comments Off on Fed set to hold rates steady as it navigates data blind spots
WASHINGTON (Reuters) – In the six weeks since a confident U.S. Federal Reserve raised interest rates in response to a “strong” U.S. economy, consumer confidence dropped, wholesale prices weakened, financial markets wobbled and home sales fell. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Further Read More