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...Berruga’s resignation was followed by exits of executives including chief investment officer Jon Maier, chief operating officer John Belanger and head of finance Ronnie Riven....
...As a result, revenues for this year would be between $1.83bn and $1.96bn. That is below analyst estimates of $2.58bn, according to LSEG data....
...“This is actually a correction from the press release,” Brewer said. Lyft shares jumped 35.1 per cent on Wednesday....
...john.thornhill@ft.com...
...Qatar has released eight Indian former naval officers sentenced to death last year for spying for Israel, India’s government said....
...Since a painful 10 per cent correction between July and October, the S&P 500 has risen more than 25 per cent....
...Note also that Lyft guided for the current-quarter adjusted margin to be “approximately 1.4 per cent to 1.5 per cent”, so something very dramatic would have to happen after March....
...Corrections will happen,” says Ashish Gupta, chief investment officer at Axis Mutual Fund....
...It estimates the initiative will generate an additional £1.4bn by the end of the 2028-29 tax year....
...“Diversification absolutely matters,” agrees Mark Haefele, chief investment officer of UBS Global Wealth Management. “You need to diversify geographically and across asset classes.”...
...Kevin Scott, Microsoft’s chief technology officer, says the Inflection folk who are joining Microsoft have a very good sensibility for making AI-first products and rendering them “delightful and useful”...
...He will be replaced by chief operating officer Stephanie Pope....
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...“If you look at the policy correction that took place . . . they went very deep and hard over a short period of time,” he said....
...That compares with 1 per cent early last year....
...FourWorld chief investment officer John Addis told the Financial Times it was “one of the most egregious cases we have ever seen” of a majority shareholder taking advantage of minority interests....
...John Brace, chair of the power producer’s board of directors, has been appointed executive chair....
...Mentioned in this podcast: US sends second aircraft carrier as Israel prepares offensive in Gaza Residents flee Gaza City as Israel tells 1.1mn to leave British prisoners face jail time abroad under radical...
...Five more top stories 1. JPMorgan Chase chief executive Jamie Dimon has warned that US inflation and interest rates could remain higher than markets expect because of high government spending....
...“We intend to actively deploy this capital and our board and management team see compelling value in our shares,” chief financial officer John Redett said....
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...Lord John Woodcock will propose broadening so-called Expedited Public Space Protection Orders to protect politicians from intimidation when he submits his report on curbing political violence and disruption...
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...Craig Martell, the US Department of Defense’s chief AI officer, said last week he would demand a “five 9s” [99.999 per cent] level of accuracy before deploying an AI system....
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