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, ...

Published: March 27, 2023 at 5:47 p.m. ET By Sabela Ojea Shares of FreightCar America Inc. on Monday dropped after the manufacturer of freight cars warned about supply chain issues in the first quarter of 2023 after swinging to a loss in its latest quarter. Shares were down 15% to $2.70 in after-hours trading. The… ...

Published: March 27, 2023 at 11:08 a.m. ET By Chris Wack Bird Global Inc. shares were down 10%, to 14 cents, Monday after the company said several officers and directors bought a total of 1.5 million company shares. The Miami-based electric-vehicle company said purchases of its class A shares were made on the open market ...

The transition from fossil fuels to renewable energy—a core theme in values-based portfolios for almost two decades—has been catapulted from a niche investment theme to the mainstream thanks to the passage of the most significant climate action legislation on record. The Inflation Reduction Act (IRA), passed in August, is a profound inflection point in the ...

One normally staid corner of the financial markets—preferred stock—has been rattled by the Silicon Valley Bank and Signature Bank seizures, and that has created opportunities for investors. Preferreds are a senior form of equity whose dividends come before those of common stock. Preferred shares issued by banks, however, account for about two-thirds of the $400 ...

Every financial panic shows how little most people understand about what is happening around them in the markets and the economy. The recent failure of two major regional banks has unleashed thousands of articles, sell-side analyst reports, and investment strategy notes that act as if the issues now before us were easily identifiable. But the ...

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from March 16 through March 22, 2023. Source: ...

March 24, 2023 at 12:00 p.m. ET By Adriano Marchese Stocks in Toronto were trending lower mid-trading on Friday, at risk of posting a third-straight week of declines. Canada’s financial sector continues to feel pressure from global banking concerns, while declines in the producer manufacturing and commercial services sectors also weighed on indexes. Technology services ...

Published: March 24, 2023 at 4:15 a.m. ET By Anthony O. Goriainoff Ocean Wilsons Holdings Ltd. said Friday that 2022 pretax profit fell due to a decline in the valuation of its investment portfolio, and that in terms of uncertainty, the first quarter of 2023 was reminiscent of the year-prior period. The London-listed Bermudan investment ...

Welcome to America the Uninvestible. That seems like a strange thing to say about the go-to destination for investors around the world, offering the world’s biggest companies, the most liquid markets, and rule of law to protect shareholder returns. Government interference, too, is supposed to be limited. The fact that U.S. stocks have outperformed the ...