Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
Lyft, the second most popular ride-hailing platform in the U.S., just reported earnings for the quarter ended June 20:
Shares in the company climbed as much as 13% after hours, but gave up early gains after the company announced share lock-ups would expire on August 19, 2019 rather than a previously scheduled date in September.
In a call with CNBC's Deirdre Bosa, Lyft CFO Brian Roberts said he believed peak losses for the company were last year, based on how well this quarter went. He also said the company may break even sooner than it predicted, and will update the street later this year in terms of long-term guidance and break-even date.
Lyft said it now expects revenue to reach between $3.47 billion and $3.5 billion this year, up from a previously stated range of $3.275 billion to $3.3 billion. The company also said that it expects to stem its losses in its first fiscal year on the public markets, revising guidance from EBITDA losses of $1.15 billion to $1.175 billion down to $850 million to $875 million
In addition to better than expected sales and a rosier outlook, Lyft reported that it had 21.8 million "active riders" on its platform in the second quarter, versus the 21.1 million analysts expected.
Lyft made its public market debut in March, raising about $2.3 billion from its listing. Shares in Lyft had dipped more than 15% from its IPO price, prior to its second quarter update.
Like Uber, its chief competitor, Lyft has been trying to build its mobility business beyond ride-hailing. It acquired Motivate, and its bike-sharing network, and deployed electric "dockless" bikes, and scooters in North American cities.
Uber shares also rose more than 3% as investors reacted to Lyft's positive guidance.
In recent weeks, Lyft had to pull its electric bikes from some markets after some of the bikes caught fire due to undetermined causes.
Former Chief Operating Officer Jon McNeill recently left Lyft after less than two years there, the company disclosed in a filing at the end of July.