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3 mins read

Elon Musk's Robotaxi is still miles away from overtaking Uber and Lyft in the ride-hailing race

Elon Musk has big plans for Tesla's Robotaxi, which could disrupt the ride-hailing economy. However…

Shubhangi Goel,Beatrice Nolan   


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1 min read

Lyft CEO says 'unacceptable' earnings error was 'my bad'

Lyft's CFO can breathe easy — her boss isn't making her the fall person for a major earnings typo.

Ana Altchek   


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1 min read

Uber and Lyft will outperform despite US Labor Secretary's comments that gig workers should be treated as employees, Wedbush says

Wedbush's Dan Ives said that based on industry checks with legal experts he believes federal involv…

Will Daniel   


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2 mins read

Lyft is a 'buy' despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say

Lyft garnered analyst support after earnings on Wednesday as Wedbush reiterated its "overweight" ra…

Will Daniel   


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1 min read

Uber climbs as the ride-hailing service forecasts adjusted profit for the 3rd quarter

Uber also increased the top end of its gross bookings outlook for the third quarter to $22.8 billio…

Carla Mozée   


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1 min read

Lyft called 'best idea' at Wedbush with 26% upside as Wall Street craves reopening plays

"The profitability profile and leverage have essentially turned Lyft into a different company than …

Matthew Fox   


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2 mins read

Lyft stock jumps as much as 11% after ride-hailing firm said it could turn a profit by the end of the year

The ride-hailing app was battered by the pandemic last year, but Lyft stock jumped on Wednesday aft…

Harry Robertson   


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2 mins read

Lyft's set to surge 33% on a ridership bounce-back and stronger path to profitability, Wedbush says

Lyft executives reiterated Tuesday they expect the company to reach profitability for the first tim…

Ben Winck   


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2 mins read

Lyft erases losses, swings 10% higher after court issues emergency stay for driver classification order

Lyft shares initially tanked 9% after it announced it would suspend California operations. The emer…

Ben Winck   


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3 mins read

Lyft sinks 6% after reporting worst quarterly revenue since 2017

While active ridership plummeted 60% year-over-year, revenue and losses per share beat expectations…

Ben Winck   


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4 mins read

What the latest inflation data means for interest rates

In today's big story, we're looking at what a hotter-than-expected inflation report means for marke…

Dan DeFrancesco   


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5 mins read

Putin's big week means more uncertainty for the markets during a critical time

In today's big story, we're looking at why the recent resurgence of Vladimir Putin and Russia comes…

Milly Struthers   


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2 mins read

Lyft posts worst trading day ever after grim earnings report shows the company falling behind Uber

The ride-hailing company slumped 36% after posting weaker-than-expected revenue guidance for the fi…

Morgan Chittum   


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Lyft surges 17% after posting a narrower-than-expected quarterly loss as coronavirus hit the ride-hailing industry

"The strength and duration of these headwinds cannot presently be estimated. These are the hard tru…

Carmen Reinicke   


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Dow soars 932 points as Fed raises rates but Powell rules out bigger hikes at future meetings

"A 75-basis-point increase is not something the committee is actively considering," Powell said dur…

Jason Ma   


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1 min read

Lyft plummets 31% after outlook disappoints and the ride-hailing company says it will need to spend more to attract drivers

Lyft's plans to increase spending on driver incentives to counter a persistent labor shortage weigh…

Brian Evans   


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1 min read

'Herculean-like challenges looking ahead': Here's what 4 analysts are saying ahead of Uber's first-quarter earnings report

Uber also reports results following its main rival in the sector, Lyft. Shares of Lyft surged as mu…

Carmen Reinicke   


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1 min read

Lyft plunges 18% after disappointing 3rd-quarter earnings suggest Uber is taking share from the ride-hailing company

While Lyft saw a decline in active riders, Uber saw a surge in active riders last quarter, bolsteri…

Matthew Fox   


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2 mins read

Uber's investment in Didi could help unlock 40% upside potential in the US ride hailing giant's stock, Bank of America says

"Based on 1.9 billion shares outstanding for Uber, we estimate that translates to an incremental ~$…

Matthew Fox   


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Didi's IPO will not make investors any money and the business is just as unprofitable as Uber and Lyft, a veteran stock analyst says

Didi jumped as much as 28% to $18 a share when it began trading on the New York Stock Exchange Wedn…

Emily Graffeo