KeyBanc upgrades Lyft to Overweight
By Michael Elkins Shares of LYFT Inc (NASDAQ:LYFT) are up 3.31% in pre-market trading on Tuesday after KeyBanc upgraded the ride-sharing company to an Overweight rating with a $24.00 price...
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U.S. stock futures drift down with earnings in focus
By Scott Kanowsky Investing.com -- U.S. stocks are seen edging lower on Tuesday, with traders eyeing a fresh wave of major corporate earnings that could provide clues into the outlook for...
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Tech layoffs shock young workers. The older people? Not so much
Microsoft said this week it planned to cut 10,000 jobs, or roughly 5% of its workforce. And Friday morning, Google's parent company Alphabet said it planned to cut 12,000 jobs, or about 6%...
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: ‘Sometimes, there is no way for drivers to prove their innocence’: Rules seek to address apps banning gig workers
Some states and cities have acted to require protections for gig workers who face deactivation from apps, with the latest move coming from Chicago.
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: Pay raises for Uber and Lyft drivers ‘held up by a technicality,’ NYC judge says
A judge who blocked what he called a deserved pay raise for ride-hailing drivers in New York is asking the commission that mandated raises to show its work.
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Uber has a long runway for growth, Lyft profit constrained and DoorDash share gains to slow - Jefferies
By Sam Boughedda Jefferies analysts assumed Uber (NYSE:UBER) with a Buy rating, Lyft (NASDAQ:LYFT) with a Hold rating, and initiated DoorDash (NYSE:DASH) with an Underperform rating in...
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: Uber, Lyft and Instacart drivers fear losing out if a recession fuels influx of new gig workers
Some existing ride-hailing drivers and delivery workers worry that a worsening economy and new gig workers will mean less work for them.
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The Ratings Game: Uber, DoorDash and Lyft could see hundreds of thousands of new gig workers this year, analysts say
Bank of America analysts wrote Tuesday that gig companies could see an upside from a recession and higher unemployment: hundreds of thousands more gig workers.
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: Lyft stock closes lower than $10 for the first time; three-quarters of its valuation has been wiped away this year
Shares of Lyft Inc. closed lower than $10 for the first time Tuesday as the ride-hailing company's shares head for their worst year yet.
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: Uber and Lyft’s fight with California takes on bigger question of voters’ sway
What happens next in the saga of Proposition 22 is in the hands of an appeals court, and the results could have much larger implications.
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From Amazon to Meta to Twitter: The US Tech Companies Cutting Jobs
(Bloomberg) -- Tech companies are trimming staff and slowing hiring as they face higher interest rates and sluggish consumer spending in the US and a strong dollar abroad. The tech industry...
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7 downgrades to watch: Carvana slashed again
These stocks warrant caution in the coming days after last week's negative analyst actions, all covered first on InvestingPro+. 1. Carvana Co (NYSE:CVNA) was downgraded by Argus to Sell...
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Cowen cuts Peloton, Lyft, Carvana and more on macro headwinds
By Sam Boughedda Cowen analysts downgraded various stocks to Market Perform from Outperform, including Wayfair (NYSE:W), Sea Ltd (NYSE:SE), Peloton (NASDAQ:PTON), Lyft (NASDAQ:LYFT), and...
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After-hours movers: Zoom falls on earnings, Agilent gains
After-Hours Stock Movers: Zoom (NASDAQ:ZM) 5% LOWER; reported Q3 EPS of $1.07, $0.24 better than the analyst estimate of $0.83. {{erl-1127188||Revenue for the quarter came in at $1.1 billion...
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Weekly comic: Big Tech's day of reckoning
By Geoffrey Smith Investing.com -- Tech’s day of reckoning has arrived. The sector has ridden a 12-year wave of easy money to sell dreams of unimaginable wealth on narratives that have...
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US Earnings to Watch: Walmart, Home Depot, Nvidia, Gap
(Bloomberg) -- Even as most of the US reporting season nears its end, this week’s earnings will put big-box chains, chipmakers and home-improvement retailers under a stark spotlight amid a...
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Stock market today: Dow rides midterm election fever to close higher
By Yasin Ebrahim Investing.com -- The Dow continued its strong start to the week Tuesday, on bets political gridlock looms in the U.S., with Republicans widely expected to come out on top in...
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S&P 500 gives up some gains, but trends higher as midterms get underway
By Yasin Ebrahim Investing.com -- The S&P 500 gave up some gains Tuesday, but remained supported on bets that stocks will likely receive a boost should Republicans come out on top in the...
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Midday movers: Lyft, Take-Two Interactive, Kohl's and more
By Liz Moyer Investing.com -- Stocks jumped as the U.S. midterm elections open the prospect of a divided government and the gridlock that comes along with it, meaning a likelihood the next...
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U.S. stocks rise as voters head to polls in midterm elections
By Liz Moyer Investing.com -- U.S. stocks rose as American voters headed to the polls in the midterm elections that will decide the balance of power in Congress heading into the second half...
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Lyft, Take-Two, TripAdvisor fall premarket; Coty, Dupont rise
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Tuesday, November 8th. Please refresh for updates. Lyft (NASDAQ:LYFT) stock fell 16% after the ride-hailing firm...
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Dow futures rise 110 Pts; midterm elections to drive sentiment
By Peter Nurse Investing.com -- U.S. stocks are seen opening higher Tuesday, extending the previous session’s healthy gains ahead of the crucial U.S. midterm elections. At 07:00 ET...
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Lyft plunges 20% as analysts say earnings confirm market share losses to Uber
By Senad Karaahmetovic Shares of LYFT (NASDAQ:LYFT) are down over 19% in pre-open Tuesday trading after the company reported third-quarter results and issued guidance. Lyft reported an...
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Dow futures trade flat ahead of U.S. midterm elections
By Oliver Gray Investing.com - U.S. stock futures were trading flat during Monday's evening deals, after major benchmark indices finished the regular session higher ahead of the U.S....
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After-Hours Movers: Take-Two, Lyft Sink Following Earnings; Solaredge Gains
After-Hours Stock Movers: Take-Two (NASDAQ:TTWO) 16% LOWER; reported Q2 EPS of ($1.54), $2.92 worse than the analyst estimate of $1.38. {{erl-13995||Revenue for the quarter came in at $1.39...
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Lyft Shares Tumble After-Hours Following Q3 Revenue Miss
By Sam Boughedda Lyft (NASDAQ:LYFT) shares have tumbled in after-hours trading after the company released its third-quarter results, missing revenue consensus expectations. The...
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Lyft Reports Q3 Adjusted Net Income of $36.7M
Lyft (LYFT) reported Q3 adjusted net income of $36.7 million. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.06 billion.GUIDANCE:Lyft sees Q4 2022...
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Morgan Stanley’s Wilson Says Layoffs ‘in Earnest’ a Key Bull Sign
By Sam Boughedda Morgan Stanley’s Michael Wilson told Bloomberg TV on Monday that companies will have to aggressively lower expenses before he becomes more optimistic on U.S. equities. The...
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US Earnings to Watch: Disney, Lyft, Rivian, NIO, Tapestry
(Bloomberg) -- The Federal Reserve may have “more work to do” after Friday’s job report showed that hiring was “quite healthy.” The strong labor market and resilient inflation led Fed policy...
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Dow Futures Rise 180 Pts; Political Uncertainty, Inflation Data in Focus
By Peter Nurse Investing.com -- U.S. stocks are seen edging higher at the open Monday, starting the week on a positive note ahead of potentially significant U.S. midterm elections and the...
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Lyft Set for 'Big Print and Guide Ahead' - Wedbush
By Sam Boughedda Ahead of Lyft 's (NASDAQ:LYFT) earnings report, Wedbush analysts said in a note that a big print and guide is ahead. On Monday, November 7, after the close, Lyft will...
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Payrolls, China COVID Pivot, Tech Layoffs - What's Moving Markets
By Geoffrey Smith Investing.com -- The U.S. releases its official labor market report for October, which is expected to show that hiring slowed again last month as the economy cooled....
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Lyft Confirms it is Cutting 13% of Staff - Maintains Guidance
By Sam Boughedda Lyft (NASDAQ:LYFT) is cutting 13% of its workforce or approximately 683 employees, the company said in a filing on Thursday. It is the second round of job cuts at the...
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