Lyft (ticker: LYFT) announced Monday evening that co-founders Logan Green, the current CEO, and John Zimmer, the current president, are moving into nonexecutive roles on the board. The change for Green is effective April 17. The change for Zimmer is effective June 30. David Risher, who has been on the Lyft board since July 2021, ...

As the political backlash against sustainable investing continues, a coalition of more than 250 investors and businesses are calling on policy makers to protect their freedom to invest responsibly. “Building profitable businesses and portfolios demands an analysis of all major financial risks—— from inflation to climate change——and policies to limit that simply defy responsible investing ...

The stock market could easily take another hit soon. If it does, the stocks that stand to get hit the hardest will be different than last time.  The stock market has recovered from the depths of its bear market, defined as a 20% or greater drop from a previous high, which it hit in early ...

Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors from buying that so-called dip in the stock market at one point last week. That’s according to a weekly report released Friday from Vanda Research, which said retail investors ...

For the stock market, the forecast calls for storms with a chance of crisis. Stocks alternated strong rallies and sharp declines this past week amid a stretch of bank blowups and attempts to shore up the financial system. The moves in the bond market and interest-rate futures were even more extreme. The volatile trading reflects ...

When it comes to the latest financial panic, the smaller they are, the harder they fall. The small-cap Russell 2000 has been decimated over the past two weeks—and it’s not hard to see why. Some 17% of the index is in financial stocks, and with every small bank under the sun facing scrutiny these days, ...

A tumultuous week in the U.S. financial markets ended on an uncertain note Friday after a massive $30 billion injection of big-bank deposits into First Republic Bank failed to calm investors.  Last week, the sudden meltdown of three U.S. banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began to rekindle concerns ...

Volatility exploded across the bond market this week amid growing contagion fears originating from U.S. banks, with the fallout gripping both sides of the Atlantic Ocean. Analysts described the impact on the U.S. and German bond market as a rolling one in nature over the past five days, producing the biggest single-day drops in yields ...

Rivian Automotive shares are basically free, the latest evidence, if any was needed, that the stock market is hard to figure out. Shares of the electric- truck start-up (ticker: RIVN) fell for a fourth consecutive day on Tuesday and were headed lower again on Wednesday morning. First there was the banking crisis, which hit most ...

The stock market has seen plenty of turbulence recently, to say the least. Not surprisingly, consumer staples stocks are once again in vogue. Consumer staples stocks were a relative haven during last year’s bear market, but investors quickly abandoned the group in January, as 2023’s broader market rally gained steam. When everyone had seemingly regained ...