Business
business
Rani Molla

Lyft surges after beating earnings estimates and boosting stock buybacks

Lyft is trading up 20% after posting first-quarter earnings yesterday that beat analyst estimates, netting a record number of bookings and boosting its share buyback plan to $750 million thanks to “financial strength.” The company saw strong growth in smaller, car-centric markets like Indianapolis and Charlotte, where rides grew more than 30% year over year. It’s also expanding internationally in Canada and Europe with its FreeNow acquisition.

The ride-hailing company posted revenue of $1.45 billion, up 14% from a year earlier, and net income of $0.01 per share, up from a loss of $0.08 a year ago.

In Q2, the company is forecasting ride growth in the mid-teens and gross bookings between $4.41 billion and $4.57 billion, with a midpoint slightly higher than analysts had anticipated.

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“Magic: The Gathering” is just the tip of a $1 billion digital iceberg

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Tom Jones
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10/3/25
Strava is suing Garmin over alleged patent infringements

Has the watchmaker strayed a little far into the fitness app’s lane?

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Taco Bell Restaurant

Taco Bell is named the fastest drive-thru for a fifth year, but it may have lost a human touch with AI

Though Chick-fil-A was the slowest fast-food drive-thru, it was considered the friendliest, per the latest QSR report. At the Golden Arches, however, customers weren’t lovin’ the vibe.

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business
Nia Warfield

Amazon doubles down on groceries with new private-label collection, sending grocery stocks lower

Amazon on Wednesday launched Amazon Grocery, a new private-label food brand that combines its Fresh and Happy Belly lines into one collection.

The label covers more than 1,000 staples, from milk and eggs to olive oil and fresh meat, with most items priced under $5. Shares of Amazon were little changed, but grocery-selling rivals Target, Walmart, and Kroger all slipped around 2% following the announcement. Costco also slipped about 1%.

The launch highlights Amazon’s growing push into both grocery and private-label essentials as more customers trade down to cut costs. In August, the e-commerce giant added perishable groceries to same-day delivery in 1,000 cities and towns across the country.

At the same time, Amazon said shoppers purchased 15% more private-brand products in 2024 compared to the previous year across Amazon.com, Whole Foods Market, and Amazon Fresh.

business
Max Knoblauch

Ford sales climb for 7th straight month as EVs hit a quarterly record on tax credit expiration

September marked another banner month for Ford’s electric vehicle business, with EV sales climbing 85% from the same month last year to more than 11,700 units.

For the third quarter as a whole, Ford’s electrified unit sales grew nearly 20%. That’s the division’s best Q3 on record, boosted by the looming end of the $7,500 federal tax credit on Tuesday. Ford, with rival GM, has found some ways to extend that credit in the hopes of keeping sales stable.

Overall, Ford sales rose 8.2% on the quarter, and September was the automaker’s seventh straight month of sales gains. Ford sales have been buoyed this year by panic buying: first from fears of tariff price hikes (and Ford’s strong incentives), and lately from the EV credit expiration.

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