News

Oppenheimer analysts on Wednesday initiated coverage of Lyft with an "outperform" rating, writing that they expect the company to benefit as ridesharing continues "to challenge the rising cost of car ownership."

Other companies hit hard include a medical device maker, a semiconductor firm and the maker of Vans sneakers.

The 30-year fixed mortgage rate snapped six straight weekly declines amid Trump tariffs.

Reddit initiated, Target downgraded: Wall Street's top analyst calls

Wall Street private equity giant Blackstone is teaming up with Vanguard and Wellington Management to get more private assets into the portfolios of everyday investors.

Semiconductor stocks sank Wednesday after Nvidia and Advanced Micro Devices warned they would take a hit after the Trump administration moved to limit the chipmakers' exports to China.

U.S. crude stocks rose last week despite a major increase in exports, while fuel inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 515,000 barrels to 442.9 million barrels in the week ended April 11, the EIA said, compared with analysts' expectations in a Reuters poll for a 507,000-barrel rise. Meanwhile, crude exports rose 1.8 million barrels per day to 5.1 million bpd, the highest in about a year, the EIA data showed.