Latest Lyft Inc News

Lyft drivers spread the Gospel with ride-hailing ministries

Nov. 20, 2022 09:08 AM EST

NEW YORK (AP) — One is an ordained pastor in Brooklyn, the other a single mother and children’s book author in New Jersey. Both drive for Lyft. Both share the word of God as roving preachers. Pastor Kenneth Drayton and Tomika Reid try to inspire passengers through spiritual...

California recovers pandemic job losses amid economic woes

Nov. 18, 2022 16:25 PM EST

SACRAMENTO, Calif. (AP) — California said Friday it had recovered all of the 2.7 million jobs it lost at the start of the pandemic, a moment that normally would celebrate the end of a downturn but instead was tempered by signs of a wobbly economy amid layoffs in the state's historically strong...

Odds are good for sequel to California sports betting effort

Nov. 10, 2022 16:30 PM EST

LOS ANGELES (AP) — The effort to legalize sports betting in California ran headlong into a typical challenge for competing ballot measures as each was battered in a torrent of negative advertising that doomed both to spectacular failure in the most expensive ballot race in U.S. history. ...

Big bet a bust in bid to allow sports gambling in California

Nov. 09, 2022 21:04 PM EST

LOS ANGELES (AP) — The most expensive ballot proposition gamble in U.S. history went bust Tuesday as California voters overwhelmingly rejected sports betting initiatives by Native American tribes and the gaming industry. About $460 million was raised in competing efforts to expand...

California voters reject tax on rich for more electric cars

Nov. 09, 2022 03:18 AM EST

SACRAMENTO, Calif. (AP) — California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads. Proposition 30′s defeat marks a win for...

Editorial Roundup: United States

Nov. 08, 2022 16:36 PM EST

Excerpts from recent editorials in the United States and abroad: Nov. 6 The Washington Post on the humanitarian crisis in Haiti Haiti is in the throes of one of the most dire emergencies in its crisis-prone recent history, one increasingly likely to wash...

Lyft, TripAdvisor fall; Five9, Hims & Hers rise

Nov. 08, 2022 16:24 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Lyft Inc., down $3.24 to $10.90. The ride-hailing app reported disappointing third-quarter rider growth and revenue. Take-Two Interactive Software Inc., down $14.83...

US employers are hiring briskly even in face of rate hikes

Nov. 04, 2022 11:22 AM EDT

WASHINGTON (AP) — America’s employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation. Friday’s report from the government showed that hiring was brisk across...

Lyft to cut 13% of workforce in attempt to trim costs

Nov. 03, 2022 13:29 PM EDT

The ride-hailing service Lyft is cutting 13% of its workforce, almost 700 employees, as it attempts to reduce operating expenses. The company said in a regulatory filing that it anticipates incurring approximately $27 million to $32 million in restructuring and other charges related...

Tax the rich for more EVs? California Democrats split

Oct. 17, 2022 00:50 AM EDT

SACRAMENTO, Calif. (AP) — A California ballot measure that would tax the rich to help put more electric cars on the road may seem tailor-made to win support from Democrats in a state known for climate leadership, but Proposition 30 has one notable opponent: Gov. Gavin Newsom. That's put the...