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News of the day for April 16, 2025

Lyft is buying mobility platform FreeNow from German automotive giants BMW and Mercedes-Benz for 175 million euros ($198.40 million) to expand into the European ride-hailing market, the U.S. company said on Wednesday. Under pressure from dominant ride-hailing rival Uber Technologies in its home North American market, Lyft has been seeking new avenues to grow its business. The acquisition of FreeNow will nearly double its potential market and open doors to major European cities such as London, Frankfurt, Paris and Milan, where the German firm offers services ranging from traditional taxi to e-scooter rentals and car-sharing options.

Nvidia said the Trump Administration was restricting the sale of H20 chips to China to help prevent Beijing developing its own supercomputer.

ASML Holding shares fell in premarket trading Wednesday after the Dutch manufacturer of semiconductor-producing machinery reported worse-than-expected first-quarter net bookings and issued a soft current-quarter sales outlook.

Luxury watch company Movado (NYSE:MOV) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 1% year on year to $181.5 million. Its GAAP profit of $0.36 per share was 7.2% below analysts’ consensus estimates.

The U.S. bond market could come under further pressure, according to a research note published by JPMorgan.

Looking for the best money market account interest rates available today? Here’s a look at where to find the highest rates and whether now is a good time to open a money market account.

(Bloomberg) -- Beleaguered stock bulls are getting an encouraging sign from the people who know the companies best.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Trump Signs Executive Orders on Federal Purchasing, Office SpaceLA County Floats Leaner Budget Burdened by Fire and Legal CostsCorporate insiders scooped up shares of their own companies at the fastest pace in 16 months as the S&P 500 sank in March, and they kept buying at an elevated clip as the rout accelerated th

The secretive nature of Booz Allen’s government work makes it nearly impossible for investors to gauge how federal cutbacks will affect the business.

Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Genco (NYSE:GNK) and its peers.