Lyft shares plunge 15% on weak second-quarter guidance
Lyft reported better-than-expected revenue for the first quarter, but the company’s guidance spooked investors
CEO Tim Cook says layoffs are a ‘last resort’ and not something Apple is considering right now
Apple doesn’t have plans for big layoffs, CEO Tim Cook told CNBC while discussing the company’s earnings on Thursday.
E. Jean Carroll rests case in civil trial after jurors see video of Trump confusing her with his ex-wife
Trump — sued for battery and defamation stemming from an alleged rape — has said repeatedly that Carroll was “not my type.”
CEO of fitness band maker Whoop mocks the demise of Amazon’s Halo health device
Whoop CEO Will Ahmed said he views the demise of Halo as a win for his startup after alleging that Amazon copied it; Amazon strongly denies the allegations.
Salad chain Sweetgreen reports narrowing losses as it aims for profitability
The salad chain’s traffic increased 2% during the quarter, helping boost same-store sales by 5%.
Berkshire Hathaway is outperforming during turmoil, but Warren Buffett’s favorite child Geico is in trouble
Geico, the crown jewel of Berkshire’s insurance empire, has found itself in trouble recently after losing market share to its best competitor Progressive.
Virgin Islands issued subpoena to Google co-founder Larry Page in lawsuit against JPMorgan Chase over Jeffrey Epstein
The U.S. Virgin Islands is suing JPMorgan Chase for alleged complicity in sex trafficking by Jeffrey Epstein.
J&J’s consumer-health spinoff Kenvue jumps 22% in public market debut
Kenvue’s debut is the biggest U.S. IPO since EV maker Rivian went public in 2021.
How to buy your first car: Tips for navigating an ‘unprecedented’ market, according to auto experts
Ready to buy your first car? Here are some tips to make sure you get the best deal possible — and it doesn’t break the budget.
Struggling Lordstown Motors expects to end production of its EV pickup ‘in the near future’
The comments come three days after the company said it may go bankrupt if a previously announced deal with contract manufacturer Foxconn falls through.
