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May 23, 2022

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Robotaxis look like the best short-term bet in autonomous vehicle future

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CNBC – For more and to sign up click here An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet‘s Waymo......

Nasdaq records first five-week losing streak since 2012

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CNBC – For more and to sign up click here Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020 at Wall Street in New York City. – US stocks open mixed, Dow -0.4%, Nasdaq +0.1% (Photo by Johannes EISELE / AFP) (Photo......

Stocks making the biggest moves midday: Uber, Lyft, Airbnb, Starbucks and more

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CNBC – For more and to sign up click here Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft tumbled about 32% after the ride-hailing company issued......

Uber reports surging revenue as drivers return, but posts massive loss on investments

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CNBC – For more and to sign up click here Uber on Wednesday reported surging revenue during the first quarter as the rideshare company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. But it also reported a......

Stocks making the biggest moves premarket: Uber, Brinker, Generac and more

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries......

Major companies, including Disney and Walmart, keep largely silent as leaked Supreme Court abortion draft sparks outrage

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CNBC – For more and to sign up click here Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion......

Lyft shares plunge on light guidance, continued driver incentives

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CNBC – For more and to sign up click here A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S.,......

Stocks making the biggest moves after hours: Airbnb, Lyft, Starbucks and more

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CNBC – For more and to sign up click here Check out the companies making headlines after the bell:  Lyft — The ridesharing stock plummeted 23% in extended trading despite reporting a beat on revenue and an unexpected profit in the recent quarter. Lyft shared guidance for the second quarter......

Stock futures are lower after big market reversal to start May

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CNBC – For more and to sign up click here U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 50 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.1% and 0.2%, respectively.......

Lyft, Uber will cover legal fees for drivers sued under Oklahoma abortion law

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CNBC – For more and to sign up click here Lyft President John Zimmer (R) and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Lyft and Uber said this week they will fully cover......

The market just posted an unhealthy AOL-Time Warner bubble comparison

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CNBC – For more and to sign up click here A Teladoc rolling telehealth cart that allows physicians to meet with their patients remotely, on October 8, 2021. Newsday Llc | Newsday | Getty Images This week’s earnings details have included some big-name reckonings with the value of high-growth, high-tech......

Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge

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CNBC – For more and to sign up click here R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019......

‘A ghost is driving the car’ — my peaceful and productive experience in a Waymo self-driving van

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CNBC – For more and to sign up click here PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motorists and pedestrians who passed by had a similar......

Uber stock jumps on deal to offer New York City taxi rides in app

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CNBC – For more and to sign up click here New York City yellow taxi cabs Getty Images Uber has reached an agreement to list New York City taxis on its app. Two taxi-hailing apps, operated by Curb and Creative Mobile Technologies, will integrate their software with Uber, allowing users......

Amazon Flex drivers hit by surging gas prices demand relief after Uber, Lyft offer help to workers

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CNBC – For more and to sign up click here Uber and Amazon Flex drivers protest the fuel price serge and demand more money outside an Amazon warehouse in Redondo Beach, California, March 16, 2022. Mike Blake | Reuters On Wednesday morning, about 50 delivery and ride-share drivers parked outside......

DoorDash offers gas rewards program for drivers, says customers won’t bear the costs

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CNBC – For more and to sign up click here A DoorDash Inc. delivery person arranges an order in the back of a vehicle outside of a DoorDash Kitchens location in Redwood City, California, U.S., on Friday, Nov. 29, 2019. David Paul Morris | Bloomberg | Getty Images Food delivery......

Lyft follows Uber in adding fuel surcharge for riders because of surging gas prices

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CNBC – For more and to sign up click here The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. Lucy Nicholson | Reuters Lyft is adding a temporary surcharge on its rides to help drivers deal with surging gas prices, the company said Monday. Lyft......

Investing Club: What Cramer is watching Thursday — Amazon splits, rising inflation, tightening cycle

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CNBC – For more and to sign up click here Several Club names making news this morning, including Disney and Cisco. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Lyft will let most employees work and live wherever they want

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CNBC – For more and to sign up click here The Lyft Driver Hub is seen in Los Angeles, California. Lucy Nicholson | Reuters Lyft on Wednesday announced it was shifting to a “fully flexible” work option, allowing workers the choice of where to live and work. The move makes......

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