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European Stocks Trim Losses as China Sees Potential for US Talks
  • April 16, 2025

European Stocks Trim Losses as China Sees Potential for US Talks

(Bloomberg) -- European equities pared losses after China said it’s open to trade talks if the Trump administration takes a number of steps and shows more respect. Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Trump Signs Executive Orders on Federal Purchasing, Office SpaceWhy the Best Bike Lanes Always Get BlamedLA County Floats Leaner Budget Burdened by Fire and Legal CostsThe Stoxx Europe 600 Index was down 0.6% at 12:51 p.m. in London after falling as much as 1.4% earli

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Lyft to enter European market with $200 million FreeNow acquisition
  • April 16, 2025

Lyft to enter European market with $200 million FreeNow acquisition

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.

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Corporate insiders flash bullish stock sign by buying into rout
  • April 16, 2025

Corporate insiders flash bullish stock sign by buying into rout

(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

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