General News

By Yuvraj Malik

(Reuters) - Lyft is targeting 15% annual growth in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day, adding that it expects gross bookings from its nascent advertising business to increase eight-fold in the same period.

The company's shares were up more than 4% before the bell on Thursday.

The forecast signals Lyft could maintain its position in the North American... (continue reading...)

(Reuters) - Starbucks will partner with Grubhub to deliver coffees and other customized beverages in select U.S. markets starting this month, in its latest attempt to widen its reach as inflation-hit customers are increasingly opting to eat at home.

The coffee chain's products will be home-delivered in Pennsylvania, Colorado and Illinois at first, and then expand across the country by August, it said on Thursday.

Starbucks delivery has... (continue reading...)

Helium leaks detected on Boeing's (BA) Starliner as it heads to the International Space Station - DJ

(Reuters) - U.S. worker productivity grew slightly less than previously estimated in the first quarter but exceeded market expectations, and unit labor costs rose by less than first thought, data from the Labor Department showed on Thursday, although the revision seems unlikely to allay Federal Reserve officials' hesitance to turn to rate cuts in the near term.

Nonfarm productivity, which measures hourly output per worker, increased at a 0.2%... (continue reading...)

FRANKFURT (Reuters) - The European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over inflation after a sharp slowdown in the past year.

The ECB lowered its record-high deposit rate by 25 basis points to 3.75%, joining the central banks of Canada, Sweden and Switzerland in starting to unwind some of the steepest rate hikes used to tame a... (continue reading...)