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Lyft shares soar 20% on results and autonomous-vehicle partnership
Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership ...Business - MarketWatch - 6 hours ago -
FirstFT: HSBC overhaul to divide businesses along east-west lines
Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity pushWorld - Financial Times - October 22 -
Reddit shares close up 42% on profitability, rosy guidance
Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.Business - CNBC - October 30 -
Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand
TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.Business - CNBC - October 18 -
Trump Media’s Soaring Share Price Masks Truth Social’s Internal Strife
Employees have complained to the board about hiring and management practices at the parent company of Truth Social, which serves as the main online megaphone for former President Donald Trump.Business - The New York Times - October 23 -
Tokyo Metro Shares Soar in First Day of Trading for Century-Old Subway
Tokyo Metro had raised over $2 billion in one of Japan’s largest initial public offerings in years.Business - The New York Times - October 23 -
Reddit shares soar 25% as it turns its first profit
Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay offBusiness - Financial Times - October 29 -
Reddit shares soar 22% on earnings beat and better-than-expected forecast
Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.Business - CNBC - October 29 -
Reddit shares soar after company turns first-ever profit
Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...World - The Guardian - October 30 -
Trump Win Sends Trump Media and Tesla Shares Soaring
Companies linked to the president and his prominent supporter Elon Musk shot up after the election, as did U.S.-focused small cap shares.Business - Inc. - 14 hours ago -
Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk's electric vehicle company
Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White HouseTech - ABC News - 10 hours ago -
E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain
E.l.f. Beauty raised its full year guidance after posting a 40% jump in sales.Business - CNBC - 8 hours ago -
Lyft launches voter transportation initiative
Ride-hailing service Lyft announced that it will offer discounted rideshare, bike-share and scooters on Election Day, an initiative designed to increase transportation access for voters, according ...Politics - The Hill - October 16 -
Uber and Lyft Drivers in Massachusetts Win Right to Unionize
A state ballot measure was the first of its kind in the United States, but labor advocates worry it could lock Uber and Lyft drivers out of full-time employment status.Tech - The New York Times - 10 hours ago -
Massachusetts Votes to Let Uber, Lyft Drivers Unionize
Passage of the state ballot measure gives about 70,000 ride-share drivers the right to organize and engage in collective bargaining, which is not guaranteed to them under federal law.Business - Inc. - 12 hours ago -
Waymo, Uber, Lyft Are Biggest Winners From Tesla's Robotaxi Flop
Tesla’s disappointing Robotaxi event highlighted how late the company is to the autonomous-vehicle race, leaving the door wide open for its competitors.Business - The Wall Street Journal - October 11 -
Protesters Say Uber and Lyft Are Still Failing Their Blind Passengers
At a protest in San Francisco, blind Uber and Lyft users claim that the ride-hailing companies aren’t doing enough to prevent drivers from turning them away.Tech - Wired - October 20 -
DoorDash Posts First Quarterly Profit Since IPO, Launches Partnership With Lyft
DoorDash reported its first quarterly profit since going public in 2020, and launched a partnership with Lyft, as the two companies combine forces against common rival Uber.Business - The Wall Street Journal - October 30 -
Franz Rogowski is ready to soar
With his latest film, Bird, the German actor is in full flightBusiness - Financial Times - 5 days ago -
Stocks soar on Trump win
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump victory sends stocks, crypto soaring Stocks skyrocketed Wednesday after ...Politics - The Hill - 8 hours ago -
Spanish growth soars as Eurozone stumbles
Boosted by investment, immigration and tourism, Spain’s economy is set to record better growth than even the USWorld - Financial Times - October 29 -
Lyft told drivers they could make more than $30 an hour. The FTC says it deceived them.
Lyft made “deceptive” earnings claims about how much money drivers could expect to make per hour and how much they could earn in special incentives, the Federal Trade Commission said Friday in ...Business - MarketWatch - October 25 -
Lyft pays $2.1 million to settle case alleging the ride-hailing service deceived drivers
Lyft is paying $2.1 million to settle a lawsuit accusing the ride-hailing service of exaggerating how much money drivers could make while the company was trying to recover from a steep downturn in ...Tech - ABC News - 5 days ago -
Water regulator signals further increase to bills in England
Companies pushing for prices to increase by up to 84% on top of inflation over next 5 years to boost investmentBusiness - Financial Times - October 22 -
US shares and Bitcoin hit record highs on Trump win
The result could have a far-reaching implications for tax and trade policy, as well as economies around the world.Top stories - BBC News - 10 hours ago -
Phunware’s stock soars on Donald Trump’s election victory
Shares of mobile-advertising company Phunware have soared in recent weeks.Business - MarketWatch - 19 hours ago