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The Latest Breaking News from Lyft

Minneapolis drivers protested wages – and won. Lyft and Uber are choosing to leave the city rather than pay up

Groups of drivers backed a bill setting minimum pay, but the two tech companies say it’d make riders’ fees unsustainable

The Guardian - US

Uber and Lyft threaten to halt operations in Minneapolis over minimum wage law

Uber and Lyft threaten to halt operations in Minneapolis over minimum wage law

After a minimum wage law gets passed for a second time in the Twin Cities, the ride-hail companies vow to put up a fight.

Uber and Lyft Cease Minneapolis Operations Amid Wage Dispute

Uber and Lyft Cease Minneapolis Operations Amid Wage Dispute

Uber and Lyft will halt services in Minneapolis by May 1 after the city council overrides the mayor's veto on a minimum wage ordinance for rideshare drivers.

International Business Times

From analysis to the latest developments in health,
read the most diverse news in one place.

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Reddit Is A Great Company, But Is It A Great Investment?

Reddit, which will soon launch an Initial Public Offering (IPO), is a great company but may not be a sound investment.

International Business Times

Unusual Activity in Lyft Put Options Highlights Its Underlying Value

LYFT put options today are showing large unusual activity. Lyft recently said it expects a positive FCF in 2024. This highlights the underlying value of LYFT stock. This put activity may be a short-put income play.

Stocks Fall Back Ahead of Fed Chair Powell and Feb Payroll Report

The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. Stock indexes this morning are moderately lower as they consolidate last Friday’s gains...

Uber Is Winning Over Lyft, But The Game Is Not Over

Uber and Lyft are in the right market at the right time. The market is ride-hailing, which has been changing riders' lives worldwide.

International Business Times

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Lyft Makes Positive Free Cash Flow and Expects This for 2024 - Could Lift LYFT Stock 25% Higher

Lyft Makes Positive Free Cash Flow and Expects This for 2024 - Could Lift LYFT Stock 25% Higher

Lyft generated a positive $14.9 million in free cash flow in Q4 2023 and the ride-share company said it expects positive FCF in 2024. That could push LYFT stock 25% higher and is good for short-put investors.

New York Is The First U.S. City With 10,000 Electric Uber, Lyft And Rideshare Cars

New York Is The First U.S. City With 10,000 Electric Uber, Lyft And Rideshare Cars

New York City's Taxi and Limousine Commission rules require Uber and Lyft to go all-electric by 2030.

Global Stocks Rise as Wall Street Recovers, Oil Prices Decline

Global Stocks Rise as Wall Street Recovers, Oil Prices Decline

Shares rise in Europe and Asia as Wall Street bounces back. Japan and UK report economic contractions. Tokyo's Nikkei 225 closes at highest level in 34 years.

Lyft Forecast Blunder Stirs Concern, Triggers Scrutiny

Lyft Forecast Blunder Stirs Concern, Triggers Scrutiny

Discover how a Lyft forecast error has caused a stir in the trading world, possibly attracting regulatory scrutiny. Stay informed and read more now.

Stock Market Today: Stocks Close Higher After CPI-Fueled Clobbering

Stock Market Today: Stocks Close Higher After CPI-Fueled Clobbering

The main indexes finished higher Wednesday, regaining some ground lost during Tuesday's selloff.

Lyft shares go on wild ride after $620 million error in results

Lyft claimed its margins were set to grow by “500 basis points”, before admitting it meant 50

Evening Standard

Valentine’s Day: Uber, Other Ride-Sharing Drivers To Strike

Valentine’s Day: Uber, Other Ride-Sharing Drivers To Strike

This Valentine’s Day it may be hard to travel for your love as Uber, DoorDash and Lyft drivers plan to temporarily strike and stop service to and from select airports.

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International Business Times

From Cupid To Couriers: Valentine's Day Strikes Hit Ride-Hailing And Delivery Apps

Gig workers in the US, Canada and UK plan Valentine's Day strikes demanding fair pay and improved conditions amid declining earnings and rising living costs.

Here’s Why The Toyota bZ4x Is An Unexpected Hit In New York City

The outlook isn’t entirely bleak for the Toyota bZ4x, a couple of factors seem to have worked in its favor, particularly here in New York City.

Tech Service Stock Analysis: Buy, Hold, or Sell These 4 Picks?

The technology services industry is projected to surge significantly in 2024, facilitated by an increase in technological spending coupled with the introduction of cutting-edge technologies. To that end, let’s analyze the prospects of tech service stocks Lyft, Inc. (LYFT), Xerox Holdings Corporation (XRX), Thoughtworks Holding (TWKS), and Information Services Group…

The Guardian - US

‘Seismic shift’: driving unaffordable for many in US amid push toward SUVs

Luxury vehicles, production cuts and soaring insurance prices have sent the cost of US car ownership out of control

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The Guardian - UK

How British American Tobacco lobbied Kenya to water down nicotine pouch warnings

Exclusive: tobacco giant said it would pull investment from a Nairobi factory if its request for smaller health labels was not met, leaked documents show

On-Demand Mobility 2024: Should Investors Buy, Hold, or Sell Uber (UBER) and Lyft (LYFT)?

The ride-sharing industry is anticipated to experience significant expansion in the coming years, driven by the widespread use of smartphones, the attractiveness of affordable and on-demand transportation, and the ongoing urbanization trends. Given this backdrop, we evaluate if ride-hailing giants Uber Technologies (UBER) and Lyft (LYFT) are smart additions to…

How Uber, Lyft, Electrify America, EVgo, Tesla And Lack Of Knowledge Led To Chicago's EV Disaster

Chicago's much-publicized EV charging disaster is really more about lack of knowledge and an overwhelming amount of rideshare drivers than it is about Tesla or Superchargers.

International Business Times

New US Labor Rule May Help Gig Workers Qualify As Employees

A rule issued Tuesday by the US Labor Department making it tougher for companies to classify workers as "independent contractors" could take a toll on the gig economy -- and is likely to face challenges.

Chicago Sun-Times

Divvy prices going up nearly 10%

Divvy has increased its fares over the last three years. Yearly memberships are increasing from $130.90 to $143.90. Day passes are increasing from $16.50 to $18.10.

Stocks Close Lower on Year-End Liquidation

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.43%. On Friday, stocks posted modest losses on year-end...

Chicago Sun-Times

Family seeks justice for ride-hailing driver shot, killed in Austin

Adriana Arocha-Duque, 34, who sought asylum in the U.S. from Venezuela in 2017, was found shot to death in her SUV Tuesday evening in Austin. No one is in custody.

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