April 18, 2019

Lyft Investors Sue Over Slump, Claiming IPO Was Overhyped

By Robert Burnson  April 17, 2019, 9:09 PM EDT Lyft Inc. was sued by investors who claim the ride-sharing company overstated its market position when it went public last month, leading to a dramatic plunge in its stock price. Two separate class-action complaints against Lyft, as well as...read more

April 11, 2019

Your Ride is Here

Uber Has Spent More Than $1 Billion on Driverless Cars  By   Mark Bergen Uber Technologies Inc. has spent more than $1 billion on autonomous vehicle technology to compete with giants such as Alphabet Inc., Apple Inc. and General Motors Co. The ride-hailing company reported $457 million in res...read more

The Stock Market Goes Full Pollyanna

By Robert Burgess  April 11, 2019, 4:25 PM EDT The phrase “hope for the best and expect the worst” is synonymous with cautious optimism. But with corporate earnings season kicking off, stock investors are forgetting the part about being cautious, setting themselves up for a big disappointment...read more