Lyft’s proposed $272.5 million settlement would resolve California claims covering more than four years of driver classification practices, while directing funds toward drivers who filed wage claims and allowing the company to avoid further litigation costs.
US stocks erased morning losses as the 10 year Treasury yield eased to 5.24% and Micron lifted semiconductor shares, while bank stocks, oil prices, and manufacturing inflation signals kept the session volatile.
Nike shares fell as much as 6% after hours after first quarter revenue missed consensus estimates, while the company projected a high single digit fiscal 2027 revenue decline and said cost cutting changes will leave it with fewer roles.
Bank of America’s contrarian Sell Side Indicator has climbed within 0.3 percentage points of a sell signal, while rising Treasury yields, weak market breadth, and deep declines among many individual S&P 500 stocks add to the caution.
MGM CEO Bill Hornbuckle left open a possible People Inc. acquisition as casino dealmaking accelerates, Caesars advances its $17.6 billion sale, and major resort projects move forward in Japan and the United Arab Emirates.
Michael Burry believes Washington needs the AI boom to survive, but his bearish options positions suggest political determination may not protect shareholders as borrowing costs rise and financing pressures spread across data centers, chipmakers, and cloud infrastructure companies.
Apple fixed Face ID restarts, photo artifacts and a touchscreen freeze in iOS 27.0.1, but reported green and pink display lines remain unaddressed, leaving affected iPhone 18 Pro buyers racing against a 14 day return window.
Two bills targeting congressional stock purchases and data center energy costs failed to clear the Senate’s 60 vote threshold, giving Republicans campaign ammunition while Democrats insisted the proposals were weak, optional and burdened by controversial provisions.
Tesla’s expected Q3 delivery decline will test investor expectations as regional sales remain uneven, while another Roadster postponement extends the wait for a vehicle first announced in 2017 and originally scheduled for delivery in 2020.
Record short interest, weakening revenue expectations and a stock trading near its 52 week low have created a brutal backdrop for Nike’s Thursday earnings report as investors await fresh details about the company’s fiscal 2027 outlook.
Meta and the IRS remain locked in a Tax Court dispute over whether roughly $4.1 billion from Zuckerberg’s stock options qualified as research wages, a classification that supported approximately $355 million in federal tax credits.
Broadcom could lend Anthropic up to $42 billion for infrastructure spending while gaining its largest chip design customer, creating a far reaching relationship that spans compute supply, equipment leasing and financing.
Walmart is linking its app to illuminated shelf labels as it expands tools for shoppers and employees, promising faster product searches while confronting concerns about pricing practices, customer data and the growing role of artificial intelligence.
Micron beat quarterly estimates and delivered stronger guidance as artificial intelligence demand propelled data center and DRAM sales. With shares up more than 500% in a year, the memory producer is committing $250 billion to expand HBM production.
El Pollo Loco is bringing its grilled chicken to Queens as part of a 15 restaurant New York expansion, while accelerating national growth, reporting stronger sales and margins, and rewarding investors with a 44% stock gain.
Goldman Sachs is thriving under David Solomon, but reported plans to elevate John Waldron create a delicate standoff involving Solomon’s strong record, Waldron’s patience, and an $80 million retention package that runs through 2030.