News

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.

(Bloomberg) -- Energy Secretary Chris Wright says Donald Trump’s administration is giving the “green light” to more US oil production, but the signal from the fracking company he used to run is flashing bright red.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 CostsLiberty Energy Inc., which Wright led until his appointment to Trump’s cabinet, has tumbled

Semler Scientific, a healthcare technology firm, has reported significant paper losses on its Bitcoin investments, amounting to approximately $41.8 million since Dec. 31, 2022.

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.

At a time when many cryptocurrencies are losing value, the single best crypto investment opportunity of 2025 could turn out to be stablecoins. What is a stablecoin? The easiest way to think about stablecoins is that they are digital dollars.

STH MVRV dropped to 0.82, signaling investor stress — while long-term holders quietly accumulate.