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By Jonathan Stempel NEW YORK, June 11 (Reuters) - Lyft joined Uber Technologies in suing New York City to block a new law they said would force them to keep bad drivers who threaten public and

Business owners increasingly explore tax strategy as expanded rules fuel broader adoption.

As it gets easier to create artificial-intelligence agents with platforms like Anthropic’s Claude Cowork , some businesses are dealing with ‘AI agent sprawl.’

ZoomInfo stock cratered after sweeping layoffs and weak guidance reignited fears that AI could disrupt the company’s core sales-intelligence business.

More than one-quarter of Lyft’s rides in the first quarter of 2026 were connected to the rideshare company’s partnerships with other brands.

Lyft revenues rise 13.8% in Q1 as gross bookings climb 19%, though earnings miss estimates and cash balances decline.

Moby summary of Lyft, Inc.'s Q1 2026 earnings call

Lyft (NASDAQ:LYFT) executives used the company’s first-quarter 2026 earnings call to highlight what CEO David Risher described as “another strong quarter,” pointing to double-digit year-over-year gains in active riders, gross bookings and adjusted EBITDA. Risher said rideshare demand “remained healt

Q1 represented another strong quarter for Lyft, Inc. We again delivered on our financial commitments and again had double-digit growth in active riders, gross bookings, and adjusted EBITDA year over year, further setting ourselves up for a global hybrid AV future. Taken together with our financial results, this continues to validate our thesis that customer obsession drives profitable growth.

Lyft (LYFT) delivered earnings and revenue surprises of -29.22% and +1.82%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

(Bloomberg) -- Lyft Inc. reported profit in the first quarter that fell short of Wall Street’s estimates after it spent heavily on an international expansion and on adding higher-end offerings like chauffeur services.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealChina Asks Banks to Pause New Loans to US-Sanctioned RefinerSo

While they beat expectations on both revenue and gross bookings, both earnings and total rides came in a bit light. Shares initially rose a few percentage points after the report was released before falling around 3% to $13.71. Revenue for the first quarter came in at $1.650 billion, ahead of expectations for $1.631 billion.

The company’s revenue climbed 14% to $1.65 billion in the first quarter, boosted by growth in both riders and rides.

Earnings season marches on as investors will hear from big companies including McDonald's and CoreWeave. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Thursday, May 7, including earnings results from McDonald's (MCD), Shell (SHEL), Airbnb (ABNB), CoreWeave (CRWV), and Coinbase (COIN); comments from several Federal Reserve presidents; and this week's reading on initial jobless claims.

The ride-hailing company reports better-than-expected earnings and gross bookings in the first quarter.

(Bloomberg) -- Uber Technologies Inc. provided a better-than-expected forecast for bookings, signaling that robust demand from US commuters and travelers will offset impact from geopolitical tensions in the Middle East. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weigh

Both Uber and Lyft are expected to report their next set of quarterly results soon. But are analysts' revisions bearish or bullish?