Today's top business headlines: - Markets could face another 'bearish black hole' - Equinox owner's planned Trump fundraiser causes outrage - FedEx will no longer offer ground delivery to Amazon - Walgreens to close 200 locations in the US
"We have a welcome respite this morning, but the August mood is fearful," said Societe Generale strategist Kit Juckes."The sky could fall in at any moment!"US stock futures point slightly higher after the S&P 500 and Nasdaq finished a volatile trading session Wednesday in positive territory. The Dow gave up some last-minute gains and finished with a loss.Promising trade data from China and a stable yuan sent Asian markets higher Thursday. The Shanghai Composite rose 0.
Gains were pared after the company said in a regulatory filing that insiders will be able to sell off more than 250 million shares of the company's stock sooner than expected.Next up is Uber . The company will report earnings after US markets close.3. Oil boost: Oil prices are attempting to push out of a bear market.Futures of Brent crude, the global benchmark, rose 2.3% Thursday to $57.52 a barrel, recovering some of the week's losses.
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Stocks making the biggest moves after hours: Lyft, Uber, Roku and moreSee which stocks are posting big moves after the bell on August 7.
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NYC wants to cut back on Uber, Lyft vehicles cruising without passengersThe NYC Taxi & Limousine Commission voted unanimously on an extension of a cap on ride-sharing vehicles, as well for a new rule around 'cruising,' which would limit the time ridehail drivers can spend roaming streets without passengers during peak hours.
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Lyft will move double digits on earnings, says the options marketOptions traders are expecting a big move in Lyft when it reports earnings Wednesday afternoon for only the second time as a publicly traded company.
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Mother took Lyft to dispose of 4-year-old's body in a dumpster, authorities sayBaltimore mother charged in the death of her 4-year-old son searched for trash collection sites on her phone before taking a Lyft to dispose of the boy's body in a dumpster, prosecutors say.
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Lyft soars after lower-than-expected losses and strong guidanceLyft beat analysts' expectations across the board for its second quarter trading on public markets.
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Lyft Raises 2019 Revenue Outlook and Sees Smaller Annual LossThe ride-hailing company raised its sales outlook for the year as more riders are using the service and as it appears to be curbing its heavy use of discounts.
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