News

(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

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.

(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, ...

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.

Fintech stock Sezzle is rebounding from its 10-week moving average after soaring 144% this year. Earnings are due Thursday.

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.

If you have been on Instagram or TikTok recently, you've probably seen influencers telling you to purchase your plane tickets at the library or use a VPN to mask your location because of dynamic pricing that changes based on location and search frequency. Dynamic pricing, also known by monikers ...

Mobileye Global said on Tuesday it would launch its ‌own robotaxi service in the United ‌States next year, putting the self-driving technology supplier in ​direct competition with some of the very customers it serves. Increasing investment ⁠in driverless technology is ramping up competition as companies pursue greater ⁠control over deployment and revenue, reshaping partnerships across the autonomous vehicle sector. Mobileye plans ​to deploy ​about 100 vehicles ​in a major U.S. ‌city starting in 2027, with ambitions to scale the fleet to roughly 17,000 over the next five years.

By Jonathan Stempel NEW YORK, June 11 (Reuters) - Lyft joined Uber Technologies in suing New York City to block a new law they said would force them to keep bad drivers who threaten public and

As it gets easier to create artificial-intelligence agents with platforms like Anthropic’s Claude Cowork , some businesses are dealing with ‘AI agent sprawl.’

Moby summary of Lyft, Inc.'s Q1 2026 earnings call

Lyft (NASDAQ:LYFT) executives used the company’s first-quarter 2026 earnings call to highlight what CEO David Risher described as “another strong quarter,” pointing to double-digit year-over-year gains in active riders, gross bookings and adjusted EBITDA. Risher said rideshare demand “remained healt

Q1 represented another strong quarter for Lyft, Inc. We again delivered on our financial commitments and again had double-digit growth in active riders, gross bookings, and adjusted EBITDA year over year, further setting ourselves up for a global hybrid AV future. Taken together with our financial results, this continues to validate our thesis that customer obsession drives profitable growth.

Lyft (LYFT) delivered earnings and revenue surprises of -29.22% and +1.82%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Earnings season marches on as investors will hear from big companies including McDonald's and CoreWeave. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Thursday, May 7, including earnings results from McDonald's (MCD), Shell (SHEL), Airbnb (ABNB), CoreWeave (CRWV), and Coinbase (COIN); comments from several Federal Reserve presidents; and this week's reading on initial jobless claims.

Both Uber and Lyft are expected to report their next set of quarterly results soon. But are analysts' revisions bearish or bullish?