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Mike Blake - 1 Lyft - 1 David Risher - 1 YipitData - 1 Uber - 1 Adam Ballantyne - 1 that's - 1 Christopher Vandergrift - 1
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☆ PREVIEW Lyft's gains from price cuts not enough to dent Uber's US lead
  + stars: | 2023-11-06 | by ( Akash Sriram | Thomson Reuters | Akash Reports On Technology Companies In The United States | ) www.reuters.com   time to read: +2 min
REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 6 (Reuters) - Lyft's (LYFT.O) price cuts may have helped the ride-hailing firm make a small dent in Uber's (UBER.N) U.S. market share, but not enough to prevent the bigger rival from reporting its second quarterly operating profit. Reuters GraphicsFor Lyft, which under new boss David Risher has signaled a more aggressive pricing strategy, market share wins have been slow. Lyft's share has risen just 200 basis points to 29% since January, when the price war started, YipitData said. "If Uber wants to take more market share quicker from Lyft, it could lower prices. Reuters GraphicsBut Uber's growth has slowed.
Persons: Mike Blake, Lyft, David Risher, YipitData, Uber, Adam Ballantyne, that's, Christopher Vandergrift, Akash Sriram, Shinjini Organizations: San Diego State University, REUTERS, Reuters, Cambiar Investors, Columbia Threadneedle Investments, Thomson Locations: San Diego , California, U.S, Bengaluru
☆ 'This is not the financial crisis': Banks are OK, but investing in them right now is risky, analysts say
  + stars: | 2023-03-23 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +4 min
Most analysts say what happened earlier isn't likely to spread across the banking sector and cause a full-blown meltdown. 'Banks are OK' — SVB and Signature were 'unique' failuresWhat happened at Silicon Valley Bank and Signature Bank could theoretically happen anywhere if depositors get worried enough about the safety of their money. Both banks catered to volatile industries that needed cash quickly — tech startups for SVB and crypto-related companies in the case of Signature. Nathan Stovall head of financial institutions research at S&P Global Market Intelligence"It was really those unique characteristics that led to those issues," says Nathan Stovall, head of financial institutions research at S&P Global Market Intelligence. Investors have since bid down shares of other banks — First Republic among them — whose profiles bear resemblance to SVB and Signature.
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