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5 mins read

Magnificent 7 stocks aren't setting the market up for another tech bubble

In today's big story, we're looking at why the Magnificent 7's domination of the stock market might…

Dan DeFrancesco   


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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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2 mins read

Nightmare on Wall Street: A Lyft typo projected profit to be 10x better than it really is.

Wall Street reacted to Lyft's erroneous profit margin forecast, sending the stock up more than 60%.

Alistair Barr   


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6 mins read

Why older Americans are ditching retirement to drive for Uber and Lyft

Millions of retired Americans are going back to work in gig economy jobs, like driving for Uber, t…

Jacob Zinkula,Noah Sheidlower   


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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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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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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

Uber, Lyft and DoorDash tumble as Biden administration proposes gig-worker rule that eases path to full employee

The proposed rule would base the determination of whether to classify a worker as a contractor or e…

Brian Evans   


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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

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 jumps as company marks best week for rides since the start of the pandemic

Lyft stock advanced after the company reported its best week for rides since the COVID-19 pandemic …

Carla Mozée   


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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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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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2 mins read

Uber, DoorDash and other gig-economy stocks fall after US labor secretary says most gig workers should be classified as employees

"We are looking at it but in a lot of cases gig workers should be classified as employees," Walsh s…

Will Daniel