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Read previewBig stars and long timelines are the secret ingredients to making a Super Bowl ad worth it, according to Uber CEO Dara Khosrowshahi. "If you are just buying for that moment, the price isn't worth it," Khosrowshahi said. AdvertisementUber Eats' slot for Sunday's game is an example of what can make the big price tag worth it, the CEO said. AdvertisementBesides starring in the ad, Aniston has also shared it on Instagram. The ad is also the start of a broader ad campaign that Uber will use "over the next three to six months," he told CNBC.
Persons: , Dara Khosrowshahi, Khosrowshahi, Jennifer Aniston, David Schwimmer, Rachel Green, Ross Geller, Aniston, Schwimmer, it's Organizations: Service, Business, CNBC
Lyft reported that drivers, on average, took home 88% of rider payments after external fees. AdvertisementIn recent months, several Uber and Lyft drivers have told BI that ride-hailing has become less profitable than it used to be. Lyft also noted that drivers can now see the breakdown of how each rider's payments are split between drivers, Lyft, and external fees. Still, 94% of Lyft drivers only drive less than 20 hours a week and use driving to supplement other income. In November 2023, Lyft agreed to pay $38 million to settle claims that it improperly collected some fees and taxes from New York drivers — Uber agreed to pay $290 million.
Persons: Lyft, , David Risher, Sergio Avedian, Uber, Guy, Avedian, he's, Kara Swisher, Dara Khosrowshahi, — Uber Organizations: Service, Drivers, Cleveland Uber, New, New York State, Elite, EV Locations: Cleveland, New York City, Seattle , California, New York, Minneapolis , Chicago, Massachusetts
Elsewhere, Goldman Sachs reiterated a buy rating on Nvidia and raised its price target on the high-flying semiconductor maker. Yet his price target sits at $225, implying an upside of 19.7% as he sees opportunity elsewhere. "Anyone pulling up a chart of UBER share price performance in 2023 will think, 'That's a scary chart. Analyst Sarah James upgraded the insurer to overweight from neutral and hiked her price target o $372 from $334. — Alex Harring 5:42 a.m.: Goldman hikes Nvidia price target Things continue to look up for Nvidia , according to Goldman Sachs.
Persons: Goldman Sachs, Piper Sandler, Alexander Potter, Potter, Tesla, Alex Harring, Bernstein, Uber, Nikhil Devnani, Devnani, — Alex Harring, Keith Horowitz, Horowitz, Cantor Fitzgerald Cigna, Cantor Fitzgerald, Sarah James, James, Ben Hendrix, Hendrix, Christopher Horvers, Horvers, Barbie, Goldman, FY4Q, Toshiya Hari, Fred Imbert Organizations: CNBC, JPMorgan, Mattel, Nvidia, Citi, Investors, Citizens, Financial, New York Community Bancorp, Aozora, T Bank, RBC Capital, Warner Bros, Golden Globes, Microsoft Locations: California, New, Friday's
Genesis, 33, made $103,000 in gross earnings in 2022 driving for Uber and Lyft driving nearly every day. She also thought it would be a better city to raise her kids as a single mother. Genesis and other single parents said they're not pulling in enough from driving and are being forced to look to other industries. She had to work nearly every day to make over $103,000 in 2022, though expenses added up fast. AdvertisementWhat's keeping her afloat now is entertainment work as a staffing solutions person, helping clients find bartenders, waitresses, and other staff for parties and events.
Persons: Uber, She's, they're, Orlando, Genesis, Lyft, It's, she's, hasn't, it's Organizations: Service, Business, Ford Expedition, Orlando, BI, Chevy, Hartsfield, Jackson Atlanta International Airport, SAG Locations: Orlando, Atlanta, Florida
After about six months of driving, I set up a dashcam and started making content with my Uber passengers. I'm now known as "the Rideshare Queen" and make money through ads, sponsorships, and driving for Uber full time. AdvertisementHere are four of the best ways I earn higher tips driving for Uber in Atlanta. Sometimes airport riders book their Uber trips in advance, so I have guaranteed pickups for those days. Sports fans help me make good money and good contentSports fans usually help me create the most interesting content for my social media and are good tippers.
Persons: , Deanna Dixon, It's, Uber, I'm, Ubering, I've Organizations: Service, Uber, Sunday Service Choir, Kanye, Business, Sports, Braves Locations: Atlanta, Los Angeles
NEW YORK (AP) — American Express rolled out several updates to its Delta SkyMiles credit cards Thursday that will give additional benefits to users, part of efforts to soothe sore Delta Air Lines customers who have considered abandoning the airline after last year’s SkyMiles loyalty fiasco. AmEx customers get access to Delta's airport lounges and are able to transfer their Membership Rewards points to Delta, among other benefits. To give a sense of scale, Delta CEO Ed Bastion told investors in June that roughly 1% of the entire U.S. economy is spend on Delta's credit cards. So, when Delta made alterations to its SkyMiles loyalty program last year, it was largely seen by Delta customers as a watering down of its program, and it caused turbulence between the two companies. Part of those changes required Delta customers to spend large sums of money on airfare or on the Delta credit card to be given elite status on the airline.
Persons: AmEx, Delta, it's, Ed Bastion, Bastion, , Howard Grosfield Organizations: Delta, Air Lines, New, Delta Air Lines, American Express, U.S . Consumer Services Locations: New York, Delta, Hawaii , Alaska, Mexico, Caribbean, Central America, Atlanta, AmEx
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Annual fees increase between 18% to 52% on six consumer and business Delta SkyMiles credit cards. American Express and Delta Air Lines increased annual fees across their co-branded airline credit cards today for consumer and business credit cards alike. Delta SkyMiles® Platinum American Express Card, Delta SkyMiles® Platinum Business American Express Card, Delta SkyMiles® Reserve American Express Card, and Delta SkyMiles® Reserve Business American Express Card cardholders will receive $2,500 Medallion Qualifying Dollars (MQDs) every qualifying year, beginning February 1, which will give them a jumpstart toward earning Delta status each year. Delta SkyMiles® Platinum Business American Express Card and Delta SkyMiles® Reserve Business American Express Card cardholders can now spend above their credit limit, albeit within a certain undisclosed extent.
Persons: Resy, Katherine Fan, I've, Guy, NerdWallet, I'm, you'll, Read Organizations: Delta, American Express, Delta Air Lines, Delta SkyMiles, Delta SkyMiles ®, Express, Finance, Business, Forbes, USA, Austin American, Statesman, Associated Press, Google, MSN, University of Texas Locations: Hawaii , Alaska, Mexico, Caribbean, Central America, delta.com, Delta, Austin, Southwest, Texas, Taiwan, New York City
Orlando, Florida CNN —A Florida woman sued Lyft earlier this month, alleging that she was raped by her Lyft driver in 2019 and that the assault resulted in the birth of her third child. Separately, at least a handful of Lyft drivers accused of sexual assault have been convicted in criminal cases. Genetic testing later confirmed with “99.9999999998%” certainty that the Lyft driver is the child’s father, according to the complaint. The Lyft driver rolled down the passenger side window, and Plaintiff confirmed the Lyft driver was there for her,” the complaint states. Lyft’s continuous criminal record monitoring began in April 2019, the month of Means’ alleged rape.
Persons: Lyft, Tabatha Means, , Uber —, Uber, ” Lyft, ” Means, Means, she’d, ” Tabatha, John General, Deborah Brunswick, ” Rachel Abrams, Peiffer Wolf, ” Abrams, wouldn’t, … I’ve, , Abrams, Organizations: Florida CNN, CNN, Court, ADT, Social, US, Department, RAINN Locations: Orlando, Florida, California
Some told BI that they can't find other accommodating jobs and that gig work is a dead end. He said gig driving was one of his only options to supplement his disability benefits. Robert is one of many disabled gig drivers who say they have no other options to make a living. "Disabled gig workers can be forced to rely on gig work for income because of issues with exclusion and discrimination in traditional workplaces," Shruti Sannon, a technology-policy program director at the ACLU who authored a paper on disabled gig workers, said. For many disabled gig drivers with medical issues, gig work is a temporary but necessary step toward getting back on their feet.
Persons: Uber, , Robert, there's, he's, Shruti Sannon, Sannon, Lyft, they're, Omar Ford, Jason McConahy, it's, aren't, Douglas Kruse, Lisa Schur, Schur, Kruse, " Kruse, Shane, hasn't, I've, Rene, Richard H, Richard, I'd, Michael, Jacob Zinkula Organizations: Service, Lyft, Business, Rutgers University School of Management, Labor Relations, Rutgers, of Labor Statistics, Marine Corps, Air Force, Uber, Arizona State University Locations: Portland , Oregon, South Florida, Las Vegas, North Carolina, Denver, Phoenix, New Jersey
The Portland, Oregon-based Uber and Lyft driver had been in construction his whole life until experiencing a major stroke a decade ago. "I get to thinking there's got to be something I can do besides this, but there's really not," Robert said. Robert is one of many gig drivers with disabilities who told BI they rely on gig driving to make ends meet and have few other options that accommodate their medical needs. Many Americans with disabilities are looking to gig driving for the flexibility it provides and the limited barriers to entry, though many including Robert said the work is unsustainable long-term. He relearned to drive with one leg and arm, and he realized he could take up gig driving to help supplement his SSDI benefits.
Persons: Robert, there's, Uber, he's, wouldn't, It's, Lyft, they're, I've Organizations: Service, BI, Research Locations: Portland , Oregon, Oregon, Washington
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Review: Wells Fargo Active Cash card reviewInk Business Cash® Credit CardBest for office supplies Ink Business Cash® Credit Card Apply now lock icon An icon in the shape of lock. The Capital One Venture X Rewards Credit Card is a premium travel credit card that earns 2 Capital One miles per dollar on most purchases. Excellent, Good, Fair Pros Check mark icon A check mark. Annual Fee $0 Intro APR N/A Regular APR 20.49% Variable Intro Offer N/A Recommended Credit Excellent Pros Check mark icon A check mark.
Persons: Chase, , takeout, cardholders, Cash, you'll, American Express cardholders, Wells, you've, It's, You'll, doesn't, Amex Organizations: Business, Citi, Bank, Amazon.com, Foods, Chase Travel, Amazon, Visa, FDIC, Chase, PayPal, American Express, Express, Disney, ESPN, Wells, Ink, Capital, One, Air, Turkish Airlines, Wyndham, Wholefoods, Card, Citi Best, EV, Costco, Costco.com, Cash, Cashback, Amex, Dell Locations: U.S, Hulu, Wells, Air Canada
Some of these semi-retired workers are gig drivers for companies like Uber and DoorDash. Over half of the missing gig workers were aged 60 or older, and over 40% of them described themselves as "retired." Many of these semi-retired workers are gig drivers for companies like Uber and DoorDash. Business Insider previously spoke with six gig drivers about why they're driving during their retirement and the strategies they're using to make money. As her pay-per-ride declines and the cost of maintenance skyrockets, she's been forced to find other types of gig work.
Persons: Uber, , boomers, didn't, Robert A, Peterson, John Fleming, Charles Rosenblatt, Jeff Hoenig, he'd, Jeff Hoenig Jeff Hoenig, Wesley Johnson, San Francisco Uber, Johnson, Omar Ford, Omar Ford Omar Ford Ford, he's, Germaine, she's, it's, Bill, Rich Organizations: Service, Hebrew University, Federal Reserve Bank of Boston, Survey, AARP, The University of Texas, Business, Hertz, Security, North Carolina, BI, Arizona Uber, Uber, Social Locations: Austin, Myrtle Beach , South Carolina, San Francisco, South Florida, New York City, Florida, North, Arizona
A Gen Xer is transitioning away from driving for Uber and Lyft to start his own travel agency. He's hoping to land more stable gig work so he no longer needs to work 70-80 hours a week. AdvertisementCharles, 43, met his wife while driving for Uber. Charles, who asked to just use his first name to avoid professional repercussions, said while he's met all sorts of cool people over the years through driving, he's struggled to make ends meet. He's also considered a seven-passenger vehicle that could qualify for more expensive Uber rides.
Persons: Uber, He's, , Charles, he's, I've, he'd, it's Organizations: Service, Uber, Google, Business Locations: Orlando, Pensacola , Florida, Tampa, Florida
When applying for a business credit card, issuers may consider your personal credit score if you don't have a business credit report yet. [ Jump to more details ]More on our picks for the easiest business credit cards to getCapital One Spark 1% ClassicThe Capital One Spark 1% Classic has lower credit score requirements than many cash-back business credit cards but still earns valuable rewards. [ Return to card summary ]Bank of America Business Advantage Unlimited Cash Rewards Secured credit cardThe Bank of America Business Advantage Unlimited Cash Rewards Secured credit card is a secured credit card, geared toward applicants with poor or no credit scores. Credit card issuers usually check your personal credit when you apply for a business credit card. Our methodologyTo determine which business credit cards are the easiest to get approved for, CNBC Select analyzed the most popular credit cards available to U.S. business owners with poor or average credit.
Persons: It's, cardholders, Bradstreet, Cardholders, Slack, you've, Cash, you'll, There's Organizations: CNBC, Capital, Bank of America Business, The, of America Business, Apple, Google, Mastercard, Card, Emigrant Bank, FDIC, Brex, SEC, Treasury, Cash, Gas, Bank of America, World, Microsoft, MasterRental, Savings, CNBC Select's, Facebook, Twitter Locations: U.S
[1/3] An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. REUTERS/Roselle Chen Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - Electric air taxis could be transporting passengers from JFK Airport to downtown Manhattan by 2025 - on quiet, emissions-free journeys that take around seven minutes. Manufacturer Joby Aviation (JOBY.N) carried out an exhibition flight at the Downtown Manhattan Heliport in New York on Sunday, the city's first-ever electric air taxi flight and the first time Joby has flown in an urban setting. The idea is that travelers will book their trip, similar to a rideshare app. Reporting by Roselle Chen, Writing by Rosalba O'Brien; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Roselle Chen, Joby, JoeBen Bevirt, Rosalba O'Brien, David Gregorio Our Organizations: Joby Aviation, REUTERS, JFK, Federal Aviation Administration, FAA, Thomson Locations: Downtown Manhattan, Manhattan , New York City, U.S, Manhattan, New York
Last week, DoorDash warned customers that no-tip orders might result in slower food deliveries. Some Dashers, or drivers, said the new prompt was another example of DoorDash asking customers to subsidize driver pay. AdvertisementAdvertisementDoorDash is warning customers who don't tip with a prompt that tells them orders might be slower. Many people said DoorDash, not customers, should pay drivers better wages. In June, DoorDash started sending tip "nudges" to customers, reminding them that they could increase tips for 30 days after a delivery.
Persons: DoorDash, Sergio Avedian, Guy, , Zach Snider, Snider, Dashers, he's, Meredith Sandland, Sandland, Carl Orsbourn, Kim'ssidemoneyplans Organizations: Service, YouTube Locations: Los Angeles, Washington, Jersey, Orange County , California
One process server used a jet-tracking to try to serve Elon Musk with the custody papers. AdvertisementAdvertisementA person hired by Grimes' legal team tracked Elon Musk's private jets for days in an attempt to serve him with custody papers, according to court documents obtained by Insider. In Grimes' latest filing, she documented numerous attempts to serve Musk with the custody papers. AdvertisementAdvertisementChristopher Melcher, a California family law attorney and partner at Walzer Melcher, told Insider that the use of jet tracking by the process server was unusual but not unreasonable. In her court papers, Grimes' team said a different process server who had handed her complaint to Musk's security at X was proof enough that she'd served the billionaire.
Persons: Grimes, Musk, , Claire Boucher, LADD, Jeff Bezos, Taylor Swift, Christopher Melcher, Walzer Melcher, she'd Organizations: Elon Musk, Service, Elon, Musk, Federal Aviation Administration, FAA, PIA Locations: California, Tesla's Texas, Boca Chica , Texas, Texas, San Francisco, Hawthorne , California
A 77-year-old Uber driver said she's struggling to earn enough to supplement her Social Security. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some weeks, the amount she's made from rides is less than the cost of gas and car repairs. She wishes she could stop entirely, but she's semi-retired and needs to work at least part-time to supplement her Social Security benefits. Because she drives a smaller car, she can only accept UberX rides, which tend to earn less than UberXL or Uber Black rides.
Persons: Uber, she's, that's, , Germaine, She's, haven't incentivized, hasn't, it's Organizations: Service, Security, Postmates, Uber, Lyft, Social Security, Accounting Locations: ridesharing, South Florida
But while many Americans are tipping at sit-down restaurants, most aren't tipping at coffee shops. Even at sit-down restaurants, the majority of Americans are tipping 15% or less. So where are Americans tipping? AdvertisementAdvertisementEven at sit-down restaurants, most Americans — 57% — are tipping 15% or less, per Pew. Even that varies by age, with 61% of adults who are 65 and older saying they'd tip 15% or under.
Persons: , it's, they've, It's, Pew Organizations: Service, Pew Research
Keeping his gas expenses as low as possible and being selective with rides have helped boost his pay. AdvertisementAdvertisementKen, a 36-year-old Uber and Lyft driver in Houston, uses his one-hour commute to work each morning as an opportunity to make some extra money. Last year, he earned a combined $25,000 driving for Uber and Lyft from about 2,000 trips, according to screenshots of earnings documents viewed by Insider. To entice customers to tip, Ken said he keeps his vehicle clean and doesn't push people to have conversations. He said his 2023 Hyundai Elantra is fuel efficient — averaging about 40 miles per gallon — and that this helps keep his gas expenses as low as possible.
Persons: Ken, Uber, , Lyft, He's Organizations: Service, Hyundai Locations: Texas, Houston
REUTERS/Mike Blake Acquire Licensing RightsNov 8 (Reuters) - Lyft (LYFT.O) reported third-quarter revenue and profit surpassing estimates on Wednesday, but gross bookings growth was lower than larger rival Uber's (UBER.N) ride-hailing business. "Softening macro conditions will likely impact Lyft more than its larger peer, Uber," said Angelo Zino, senior equity analyst at CFRA Research. Brewer added that an improved mix of airport rides, scheduled rides and priority pickups also helped margin expansion. Lyft forecast current-quarter adjusted core profit, a key profitability metric closely watched by investors, of $50 million-$60 million, higher than expectations of $48.8 million, according to LSEG data. Lyft said it expects fourth-quarter revenue to grow in mid-single-digits sequentially, compared with market expectation of 4.6% growth, according to Reuters calculations.
Persons: Uber, Mike Blake, Gross, Lyft, Angelo Zino, YipitData, Erin Brewer, Brewer, Akash Sriram, Krishna Chandra Organizations: REUTERS, CFRA Research, Reuters, Thomson Locations: California, Los Angeles , California, U.S, Bengaluru
S&P 500 futures slid modestly Wednesday night following a session in which the broad index added to its longest winning streak since November 2021. Futures tied to the S&P 500 and Nasdaq 100 each shed about 0.2%. While the S&P 500 finished up just 0.1%, it marked the longest winning streak since 2021 at eight days. The tech-heavy Nasdaq Composite inched up by 0.08%, eking out a ninth winning day for its lengthiest stretch of positive sessions in two years. But despite the S&P 500's winning streak, the market still has narrow leadership, according to Robert Haworth, senior investment strategist at U.S. Bank Wealth Management.
Persons: Lyft, Robert Haworth, Haworth, Jerome Powell — Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Disney, Dow, U.S, Bank Wealth Management, Technology, Traders, Federal Reserve Locations: New York City, U.S
Lyft — Shares gained 2.9% ahead of the rideshare company's earnings set for release postmarket Wednesday. Analysts surveyed by FactSet's StreetAccount expect 15 cents per share in earnings on revenue of $1.14 billion, while Lyft's past guidance forecast revenue to come in between $1.13 billion and $1.15 billion. eBay — Shares tumbled 6.8% after the online marketplace offered weak guidance for revenue in the current quarter and full year. Otherwise, eBay beat analyst estimates for third quarter earnings per share, while revenue for the period matched the consensus LSEG forecast. Robinhood Markets — Shares dropped 9% after Robinhood reported disappointing third-quarter revenue.
Persons: FactSet's StreetAccount, Goldman Sachs, Robinhood, Estee Lauder —, TD Cowen, Alex Harring, Sarah Min, Michelle Fox Theobald Organizations: eBay, Warner Bros, HBO, Food Network, Network, Studios, Networks, Disney, ESPN Locations: China
Murata wondered if he “could build a wooden house on the moon or Mars,” and decided to test the theory — by creating a wooden satellite. Wooden satellites would be better for the planet while still providing the same functionality as their metal counterparts, says Murata. Now, they are working with Japan’s space agency (JAXA) and NASA to send the prototype satellite, called LingoSat, into orbit early next year. Engineers at Kyoto University are building a wooden satellite that will be launched into space in a joint mission with JAXA and NASA. Finnish startup Arctic Astronautics designed the WISA Woodsat, a wooden satellite that was supposed to be launched into space in 2021.
Persons: that’s, Koji Murata, Murata, , It’s, Jari Mäkinen, ” Mäkinen, Yarjan Abdul Samad, Samad, Tatsuhito Fujita, Fujita Organizations: CNN, Kyoto University, National Oceanic, Atmospheric Administration, , JAXA, NASA, Murata, Engineers, Kyoto, NOAA, Astronautics, Khalifa University, United Arab Locations: Japan, East Asia, United Arab Emirates
Dozens of gig drivers say they are getting fired from apps like Uber, DoorDash, Lyft, and Uber Eats. AdvertisementAdvertisementFood delivery and rideshare drivers say they are getting booted off apps like Uber and DoorDash in droves. Avedian, a multi-app gig driver who shares his best practices on The Rideshare Guy , said he receives about 1,000 emails each week from gig workers seeking his advice. The 56-year-old former Wall Street broker estimates he has logged about 12,000 trips over eight years driving for DoorDash, Uber, Uber Eats, and Lyft. AdvertisementAdvertisementHe spoke with Insider and shared his best tips for preventing gig drivers from getting fired from apps.
Persons: Uber, Sergio Avedian, Guy, , Grubhub, DoorDash, Lyft, Avedian, David Risher, Biden, Trump, Mario Andretti, I'm Organizations: Service, Wall, DoorDash, Guy YouTube, Money, Cannabis Locations: Los Angeles, Russian, that's
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