(Bloomberg) -- Uber Technologies Inc. issued a bookings outlook that just met analyst estimates and said fierce competition in the key Brazil market weighed on trips volume, compounding concerns from investors about the company’s ability to evolve in the robotaxi era.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersSpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPOBeer Dynasty Families
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Transport for London granted private-hire vehicle licenses to a number of Wayve’s autonomous vehicles, which will operate with a private-hire driver behind the wheel to take control when necessary.
Today Federal Reserve speakers: Fed governor Lisa Cook Economic data: the Energy Information Administration’s weekly petroleum status report, U.S. services PMI, global services PMI, ADP employment survey Earnings (a.
Get a deeper insight into the potential performance of Lyft (LYFT) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
(Bloomberg) -- Polymarket is seeking to raise capital at a valuation of more than $20 billion, months after it closed an earlier round with new investment from hedge fund D.E. Shaw & Co.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundChina’s AI Blitz Creates ‘Death Zone’ for Riv
(Bloomberg) -- The breakdown of Uber Technologies Inc.’s robotaxi partnership with Alphabet Inc.’s Waymo is looming large over the ride-hailing giant’s quarterly results, as investors grow anxious about the stock that has lagged the broader market this year. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders
Today Earnings (a.m.): Merck, Pfizer, McDonald's, Caterpillar, Spotify, Apollo, TPG, Marathon Petroleum, Archer-Daniels-Midland, DuPont, Kimberly-Clark Earnings (p.m.): SpaceX, Advanced Micro Devices, ...
Here is a way to get paid a real income now on your Uber shares, cash you keep no matter what, in exchange for agreeing to sell at a higher price if the stock gets there.
The market has priced this rideshare company like its best days are over, but its cash flow statement tells a surprisingly different story.
Uber and Lyft report earnings this week, but one ride-sharing giant stands out as the much stronger long-term buy.
The monthly jobs report comes out Friday. Before that, Elon Musk’s SpaceX will post its first earnings report as a listed company. Also reporting: Walt Disney; tech companies Palantir and Advanced Micro Devices; ride-sharing firms Uber and Lyft; private-equity firms Apollo, Carlyle and TPG; and fast-food chains McDonald's and Wendy’s.
In the closing of the recent trading day, Lyft (LYFT) stood at $15.86, denoting a +1.99% move from the preceding trading day.
Is the ride-hailing underdog still a reliable investment?
The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer. However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
Baidu's Apollo Go unit and Freenow by Lyft have started autonomous vehicle testing on public roads in London. The partners have also secured a fully driverless trial permit in Hong Kong for right hand drive robotaxis. These trials mark the first right hand drive fully driverless program globally and extend Baidu's autonomous ridehailing reach beyond mainland China. Baidu, listed as NasdaqGS:BIDU, is pushing deeper into autonomous ridehailing as its stock trades around $105.29. The company...
Baidu's Apollo Go autonomous vehicles will be available on Freenow, the mobility network that Lyft acquired in 2025.
Lyft Inc. (NASDAQ:LYFT) reportedly faces multi-billion-dollar liabilities from its legal challenges due to alleged sexual assault claims, according to short-seller Bleecker Street Research, which announced that it was shorting the ride-hailing company. Lyft Faces Thousands of Cases According to the short-seller’s research report released on Thursday, Lyft faces an estimated $1.3 billion to $2.7 billion in potential exposure stemming from consolidated rideshare sexual assault litigation. Bleecker
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential. However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Over the past six months, Lyft’s shares (currently trading at $14.64) have posted a disappointing 18.2% loss, well below the S&P 500’s 8.6% gain. This may have investors wondering how to approach the situation.
Lyft (LYFT) reached $14.02 at the closing of the latest trading day, reflecting a -4.37% change compared to its last close.
A U.S. District Judge granted Uber and Lyft an injunction against a New York City law on driver deactivations. The ruling temporarily blocks new rules that would have limited how the platforms can remove drivers from their apps. The decision affects Uber Technologies' flexibility in managing driver relations and safety policies in a key market. For investors following Uber Technologies (NYSE:UBER), this legal ruling relates directly to how the company runs its core ride hailing business in...
A new Government Accountability Office report commissioned by Sen. Bernie Sanders finds the number of Amazon (NASDAQ:AMZN) workers relying on federal food and health assistance has nearly tripled since 2020, even as the company disclosed plans to spend $200 billion on artificial intelligence infrastructure in 2026. The GAO reviewed enrollment data from 11 states representing ... Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI
Alphabet (GOOGL) delivered earnings and revenue surprises of +216.32% and +2.31%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
(Updates with Uber's response in the fifth paragraph.) Uber Technologies (UBER) and Lyft (LYFT)
Uber Technologies (UBER) and Lyft (LYFT) were granted a preliminary injunction by US District Judge
July 22 (Reuters) - A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps without advance notice, ruling that the novel law is unconstitutional. District Judge Gregory Woods in Manhattan said in a written ruling on Tuesday that the city's law adopted earlier this year benefits a small fraction of drivers while interfering with the ride-hailing companies' right to police the safety of their platforms.
Lyft has expanded its partnership with Curb to integrate New York City taxis into the Lyft app. The integration gives Lyft users access to thousands of licensed NYC taxis directly through the app. This rollout follows earlier integrations in Los Angeles and San Francisco. For investors watching Lyft, ticker NasdaqGS:LYFT, the New York City taxi integration arrives as the stock trades around $15.19. The share price sits against a mixed performance backdrop, with the stock down 23.2% year to...
Jim Cramer just called a buy on a battered rideshare stock near a specific price floor while sounding the alarm on a once-hyped satellite name he says is burning cash fast and could slide another 30% before it deserves a second look.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.