The ADP employment reportIHS Markit’s U.S. services indexThe Institute for Supply Management’s services indexMarket Movers to Watch
Caesars Entertainment shares shot 5.9% higher. The casino company reported another big loss in the first quarter, but outlined a strong rebound in the works in Las Vegas. Hyatt Hotels edged up 0.3% premarket. The hospitality company reported a more-than-doubled loss in the first quarter, but said it remains optimistic about demand growth in the coming months.
Activision Blizzard shares rose 5.4% ahead of the bell. The videogame maker’s quarterly results and forecasts topped Wall Street expectations, driven by its “Call of Duty” franchise.
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Biden reaches agreements with Uber and Lyft to give free rides to vaccine sitesThe Biden administration has reached agreements with ride-sharing companies Uber and Lyft to offer free rides to coronavirus vaccination sites through July 4, the White House announced Tuesday.Why it matters: The free rides, starting in the next two weeks, are part of the Biden administration's push to administer at least one vaccine dose to 70% of U.S. adults by Independence Day. Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeHow it works: A new feature will allow app users to 'simply select a vaccination site near them, follow simple directions to redeem their ride, and then get a ride to take them to and from a nearby vaccination site free of charge,' according to the White House.Lyft and Uber are not being paid by the federal government for the rides, but the Biden administration is sharing data on about 80,000 vaccination sites around the country as part of the partnerships, according to the Wall Street Journal.Context: The agreement come as several states have requested fewer doses of vaccine as demand for shots has plummeted.It may be more difficult to administer future doses since people who are enthusiastic about getting vaccinated have likely already received at least one dose.More than 46% of Americans have received at least one dose, while 34.8% are fully vaccinated, according to Bloomberg's vaccine tracker.What they're saying: 'Helping more Americans get vaccinated helps the Lyft community of drivers and riders, and we’re grateful to the Biden administration for prioritizing access,' John Zimmer, co-founder and president of Lyft, told the Journal.“Vaccines are our best hope to beat this pandemic, and soon everyone in America will be able to take a free Uber to get their shot,' Uber CEO Dara Khosrowshahi also told the Journal.Go deeper: FDA authorizes Pfizer COVID vaccine for 12- to 15-year-oldsMore from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free But Figure doesnt matter if you want to do something then as per rule of the Government of india . Flags are real.
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Driver shortage, looming regulation cloud Uber, Lyft recoveryAs U.S. customers gradually hail more rides after a year of pandemic restrictions, Uber Technologies Inc's (UBER.N) and Lyft Inc's (LYFT.O) recovery story is clouded by driver shortages and regulatory threats to have workers reclassified as employees.
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Stocks making the biggest moves after the bell: Activision Blizzard, T-Mobile, Lyft and moreSee which stocks are posting big moves after the bell on Tuesday, May 4. People need a little more good news now.
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Lyft sees sustained profit starting in third quarter on cost cuts, demand reboundLyft Inc (LYFT.O) on Tuesday surprised Wall Street with significantly lower losses than expected and said it would deliver dependable profit on an adjusted basis beginning in the third quarter thanks to cost cuts that allow the company to earn more per ride. Cost cuts= less money for drivers
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With earnings on track for best growth in more than a decade, here come Uber, Lyft and the vaccine makersLyft and Uber will report earnings Tuesday and Wednesday, after President Joe Biden’s new secretary of the Labor Department, Marty Walsh, sent their stocks tumbling last week with a forceful statement about “gig workers” deserving employee status. thanks for this news
Source: MarketWatch - 🏆 3. / 97 Read more »