Uber and Lyft drivers in Minnesota will receive higher pay thanks to a new law, with rates aligned with state study recommendations. Bill offers compromises but could increase costs for riders.
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.
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.
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.