Stocks making the biggest moves midday: Lyft, Exxon Mobil, GM
Brendan McDermid | Reuters Check out the companies making headlines midday Monday: Devon Energy, Marathon Oil, Exxon Mobil, Chevron — Energy stocks surged after a
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Tech IPO investing in 2019 tops S&P 500 even with Uber, Lyft plunge
Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company’s initial
Uber Freight makes trucking more efficient, could aid profit
Uber’s path to profitability may not come from personal transportation at all. Instead, trucks might be the answer. The trucking industry drew in revenues of
Elon Musk is not the problem at Tesla — blame the people around him
NEW YORK, NY – APRIL 4: Tesla CEO Elon Musk arrives at federal court, April 4, 2019 in New York City. A federal judge will
California AB5 will have effects far beyond Uber
A California bill set to become law would turn many “gig economy” workers into full employees, although experts say its biggest impact could be on
SoftBank uses ‘capital as a weapon,’ Benchmark VC Bill Gurley says
Bill Gurley Adam Jeffery | CNBC SoftBank uses “capital as a weapon,” posing one of the biggest challenges corporate boards have ever had to face,
SoftBank asks WeWork to shelve initial public offering
CEO of WeWork Adam Neumann Getty Images SoftBank, WeWork’s biggest outside investor, is urging the startup to shelve its initial public offering, sources told CNBC’s
Uber, Lyft’s poor performance is a ‘big advantage’ for IPO investors
It’s an IPO showdown. With office-sharing giant WeWork, teeth-straightening company SmileDirectClub and at-home fitness player Peloton all expected to go public in the coming weeks,
Uber, WeWork, and Slack public valuations show SoftBank vision flaw
Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty
High-flying IPO stocks sell off after quarterly results
Three of Wall Street’s top-performing IPO stocks in 2019 tumbled late on Thursday after the companies’ quarterly results failed to satisfy investors and justify their
Judge sets final conditions for Anthony Levandowski’s bail
Anthony Levandowski, Otto Co-founder and VP of Engineering at Uber. Angela Merendino | AFP | Getty Images Anthony Levandowski, the ex-Uber engineer charged with stealing
‘Every single company in this space has gone broke’
Sam Zell, who amassed a nearly $6 billion fortune with roots in commercial real estate, is slamming WeWork, the office-sharing firm that’s widely expected to
WeWork CEO returns $5.9 million the company paid for ‘We’ trademark
CEO of WeWork Adam Neumann Getty Images WeWork CEO Adam Neumann has returned about $5.9 million worth of stock that was originally paid to him
Uber and Lyft pledge $60 million to fight California ballot measure
File photo of a ride-sharing driver displaying Lyft and Uber stickers on his front windshield in downtown Los Angeles. AP Photo | Richard Vogel Uber
Ethos raises Series C funding round backed by Google, Goldman Sachs
Ethos co-founders Lingke Wang, left, and Peter Colis, right. Ethos Ethos, the Silicon Valley start-up taking on America’s life insurance industry, just snagged $60 million in funding.
Peloton reveals its financials for the first time in IPO filing
Getty Images North America Peloton, best known for at-home fitness equipment and accompanying streaming fitness services, revealed Tuesday growing sales but widening losses ahead of
Ex-Google engineer Levandowski charged with taking trade secrets to Uber
Anthony Levandowski, Otto Co-founder and VP of Engineering at Uber. Angela Merendino | AFP | Getty Images The U.S. Department of Justice confirmed Tuesday a
Lyft will turn a profit by 2021, Guggenheim says in upgrade
The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert |
Uber rival Bolt launches food delivery service Bolt Food in Europe
Bolt Food is a food delivery service from Estonian ride-hailing company Bolt. Bolt Competition in Europe’s food delivery market is getting even more heated. Uber
Lyft options may soon get a whole lot cheaper—here’s how
Sharing rides, sharing wealth? Lyft shares were on the rise Tuesday morning after the ride-hailing company’s share lockup expired one month early, a move done