Markets

Exercise bike maker Peloton Interactive Inc raised its forecast for full-year revenue on Wednesday, as "stay at home" orders due to the COVID-19 pandemic encouraged more people to sign up for its fitness subscriptions.

REUTERS: Lyft Inc on Wednesday (May 6) surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as the US coronavirus lockdown batters the economy. Shares in Lyft rose over 18 per cent in after-hours trading. Shares of larger ...

Payment processor Paypal Holdings Inc reported an 87.4per cent slump in first-quarter profit on Wednesday, as consumers spent less due to the COVID-19 lockdowns and unemployment numbers surged.

Fox Corp beat Wall Street estimates for third-quarter revenue on Wednesday, as the media company benefited from a rise in television viewership with people staying at home due to the coronavirus pandemic.

T-Mobile US Inc added more monthly bill paying phone subscribers than expected in the first quarter, benefiting from customers becoming more price sensitive as unemployment in the United States surges during the COVID-19 pandemic.

Big gains in small caps stocks are fueling hopes that a bounce in broader equity markets may stick, as investors ponder how quickly the U.S. economy can emerge from its coronavirus-fueled slowdown.

The coronavirus pandemic brought the U.S. auto industry to its knees, but Americans' love affair with beefy pickup trucks is helping the Detroit automakers get on the road to recovery.

With temperature scanners on the door and tables partitioned by plexiglass shields in the breakout area, workers at one of Renault's French plants are adjusting to new routines as carmakers try to cope with the coronavirus crisis.

Facebook Inc's new content oversight board will include a former head of state, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates in its first 20 members, the company announced on Wednesday.

Chinese e-commerce giant Alibaba Group has agreed to buy a 50 per cent stake in AXA Tower for S$1.68 billion, a boost of confidence to the Singapore market amid a downturn caused by the COVID-19 coronavirus pandemic.