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Uber Launches Shuttle Service, Deepens Costco Ties

Uber unveils cost-effective travel options with Uber Shuttle, catering to budget-conscious travelers. Partnering with local fleet operators, the service offers advance booking for up to five seats in high-traffic areas like airports and events. Simultaneously, its expanded partnership with Costco provides exclusive discounts to members, reinforcing Uber's commitment to affordability and customer loyalty in the competitive market.

COST

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Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What’s Driving Wednesday’s Market?

Wednesday witnessed a tempering of the bullish sentiment that had buoyed Wall Street in recent sessions, with major indices showing slight declines around midday trading in New York.

ABNB

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What’s Going On With Lyft’s Stock After Earnings?

Lyft reported quarterly adjusted earnings of 15 cents per share which beat the analyst consensus estimate of 3 cents per share. Quarterly sales came in at $1.28 billion which beat the consensus estimate and represented a 27.59% increase over sales of $1 billion from the same period last year. Gross bookings for the first-quarter were $3.7 billion, up 21% year-over-year.

LYFT