06:19 AM EDT, 05/08/2024 (MT Newswires) -- Lyft's ( LYFT ) shares gained early Wednesday after delivering better-than-expected first-quarter results amid robust demand for its ride-hailing services, while the company forecast sequential bookings growth for the current three-month period. Gross bookings, an important indicator of the scale and impact of the firm's overall platform, is set to come in between...

NEW YORK (Reuters) - Sung Kook Bill Hwang's criminal racketeering trial over the collapse of Archegos Capital Management begins on Wednesday with the selection of jurors who will decide if he and a deputy broke the law in a massive stock scheme that unraveled in just days in 2021. The trial in Manhattan federal court is expected to last up...

06:18 AM EDT, 05/08/2024 (MT Newswires) -- Kratos Defense & Security Solutions (KTOS) reported fiscal Q1 adjusted earnings late Tuesday of $0.11 per diluted share, up from $0.06 per share a year earlier. Analysts surveyed by Capital IQ expected $0.05 earnings per share. Revenue for the quarter ended March 31 was $277.2 million, up from $231.8 million a year earlier....

SEOUL (Reuters) - South Korea on Wednesday welcomed a U.S. decision to extend automakers' eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The U.S. is trying to wean the electric vehicle battery chain away from China through its Inflation Reduction Act which is being closely monitored by automakers as they make investment decisions. South Korea's...