Uber stock up, Wayfair shares up after new CEO takes over

Updated May 11, 2018 11:27:55Uber has doubled its revenue and profit this year, despite facing new competition and increasing competition from rival ride-hailing company Lyft, according to the latest quarter financial results.The ride-sharing company reported a record fourth-quarter profit of $US7.4 billion ($8.1 billion), up 12 per cent from a year earlier.Uber’s share price rose …

Amazon shares climb after Microsoft stock gains

Amazon shares rose after Microsoft shares gained in premarket trading on Friday.The company posted a profit for the third consecutive quarter and its shares rose 1.3 percent after the tech giant posted its fourth-straight quarterly profit.Microsoft reported a loss of $11.1 billion, or $1.03 per share.Its shares rose 2.4 percent to $96.30 on the New …