Latest Lyft Inc News

Where'd all the stocks go? Nasdaq's CEO on shrinking market

Aug. 19, 2019 12:45 PM EDT

NEW YORK (AP) — The stock market is a much less crowded party than it used to be. In the late 90s, when a bevy of hot dot-com companies were rushing to sell their shares on public markets, investors had more than 7,500 U.S. stocks to choose from. The dot-com bust culled many of those stocks, though, and...

WeWork reveals rapid growth and massive losses ahead of IPO

Aug. 14, 2019 4:03 PM EDT

NEW YORK (AP) — WeWork's parent company gave investors the most detailed look yet at its finances Wednesday, revealing breakneck growth on the back of massive losses as the office-sharing company prepares for a highly anticipated debut on the stock market. Founded as a co-working space in Manhattan in...

Vaccines, guns, housing bills await California Legislature

Aug. 11, 2019 11:28 AM EDT

SACRAMENTO, Calif. (AP) — California lawmakers return to work on Monday with one month left to pass bills before adjourning for the year. The Legislature was busy before the July recess, passing a $214.8 billion operating budget and setting up funds to pay future wildfire victims and clean up drinking...

Stocks fall again on trade-war worries, capping a wild week

Aug. 9, 2019 5:05 PM EDT

NEW YORK (AP) — Stocks stumbled Friday as worries flared yet again that President Donald Trump's trade war with China may be worsening. It was a fitting end to a wild week where markets zoomed down, up and down again as investors recalibrated by the minute how much the tensions will hurt the global...

Asian shares rise following broad rally for US stocks

Aug. 8, 2019 10:56 PM EDT

TOKYO (AP) — Asian shares rose Friday as investors bought back stocks following gains on Wall Street, although worries about a trade dispute between the U.S. and China remained. Japan's benchmark Nikkei 225 added nearly 0.6% in morning trading to 20,706.95. Australia's S&P/ASX 200 gained 0.2% to...

Atlanta bans electric scooters at night, after deadly wrecks

Aug. 8, 2019 6:53 PM EDT

ATLANTA (AP) — Atlanta is banning electric scooters in the nighttime hours during what's been a deadly summer for riders. The ban comes as cities across the nation struggle to regulate the companies renting the devices and keep riders safe. In Atlanta, three riders have died since May in crashes that...

Uber posts biggest quarterly loss ever after stock payouts

Aug. 8, 2019 6:44 PM EDT

NEW YORK (AP) — Uber lost $5.24 billion in the second quarter — its largest quarterly loss ever — after making huge stock-based payouts in the months following its initial public offering. The ride-hailing giant said Wednesday it paid $3.9 billion in stock-based compensation and expenses...

Markets Right Now: Stocks end higher, erasing week's losses

Aug. 8, 2019 4:09 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending broadly higher as investors set aside concerns, for now, about the heated trade war between the U.S. and China that roiled markets earlier in the week. The gains Thursday erased the week's losses for...

Lyft posts losses despite revenue growth, improves outlook

Aug. 7, 2019 10:57 PM EDT

NEW YORK (AP) — Lyft continued to bleed money in its second quarter but says it expects to stem some of those losses, raising its outlook for 2019. The ride-hailing company on Wednesday posted revenue of $867.3 million, up 72% from the same time last year. But the San Francisco-based company lost $644.2...

Asian stocks follow Wall Street lower as trade war worsens

Aug. 5, 2019 11:49 PM EDT

BEIJING (AP) — Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy. China's main index lost 2.5% and Tokyo fell 2%. Markets in Hong Kong,...