Trump's ratings on trade reportedly don't fare much better in key industrial states — which carried him to victory in 2016 and are crucial for his 2020 reelection bid, but...Politicsread more
Treasury Secretary Steven Mnuchin says he has spoken with a top Walmart executive about how it can keep prices low amid the U.S.-China spat.Marketsread more
When the Fed releases minutes of its last meeting on Wednesday afternoon, it risks sounding a bit hawkish.Market Insiderread more
China is considering cutting natural gas purchases from the U.S. in its tit-for-tat on trade, according to the South China Morning Post.Marketsread more
You can do more with Instagram than post pictures and see the photos other people publish. Here are a bunch of tips to use Instagram like a pro, from posting live video to...Technologyread more
Tesla's latest version of its Navigate on Autopilot feature could be a potential safety risk for drivers as it requires substantial human intervention, according to findings...Autosread more
Target's CEO thinks the retail industry is shaking out to show clear winners and losers. Those companies that are investing in stores and online are winners, he said.Retailread more
Such a move could provide a buffer against any economic weakness that the U.S.-China trade war could cause.The Fedread more
Morgan Stanley caused a stir with its "bear case" scenario of $10. Now, Citi is getting in on the act.Investingread more
A federal judge grants an injunction ordering Qualcomm to renegotiate its licensing agreements.Technologyread more
The redesign of the $20 bill featuring Harriet Tubman will no longer be unveiled in 2020, Treasury Secretary Steven Mnuchin said on Wednesday.Politicsread more
Lyft, the 2-year-old car-hailing app, is planning to expand globally next year, according to co-founder John Zimmer.
"We are in 70 markets right now," Zimmer told CNBC. "We are looking at another 100 cities in 2015 around the world."
Zimmer said the service now books 2 million rides per month, and that gross revenue is up 40 percent month over month.
The company is in a high-profile battle against rival Uber for dominance in the ride-sharing market.
With both companies, prospective riders pull out their smartphones, download the app, and summon drivers, who are professionals or everyday drivers looking to earn extra income.
Right now, Uber is in more markets and has raised more money. It banked $1.2 billion in June while Lyft has raised more than $330 million.
The two start-ups offer similar services, but they brand themselves differently. Uber markets itself as polished and professional, while Lyft presents a fun alternative: fuzzy pink mustaches are attached to its cars.
"Today, we still have a difference in terms of what these companies stand for, and who they go after," said Thilo Koslowski, an analyst at Gartner. "Lyft has a more social emphasis, where they want you to get to know people in that service. Uber is focused on getting you [to your destination] at a premium level."
The competition between has become one of the most hostile in Silicon Valley.
On CNBC, Lyft investor Peter Thiel trashed Uber on Wednesday.
Uber's CEO Travis Kalanick took to Twitter to call Lyft a "clone," suggesting that his rival copied his service.
Zimmer disagrees. "We launched in 2012," he told CNBC. "There was no peer-to-peer or low-cost competitor. So we innovated in this space. Everything we have done is about building the right low-cost service. So others are following us. Those are the facts."
—By CNBC's Josh Lipton