By Bret Kenwell Lyft is rallying on earnings. Uber reports tomorrow. Here’s how both charts look now. Shares of Lyft (LYFT) – Get Lyft, Inc. Class A Report are higher by almost 4% on Wednesday and are trading near the session high. The move comes after…
Barry Diller Makes Entertainment Weekly, InStyle Online Only
By Michael Tedder IAC spent roughly $2.7 billion to purchase the media company Meredith Corp. last year. Barry Diller’s media group IAC/InterActiveCorp (IAC) – Get IAC/InteractiveCorp. Report has announced that it will cease print publication of six ma…
Chipotle Wants to Be Everywhere. Call It a Burrito Barrage.
By Tony Owusu Chipotle wants to open between 235 and 250 new units this year, growth between 8% and 8.5%. The focus is on small-town opportunities. Chipotle (CMG) – Get Chipotle Mexican Grill, Inc. Report has a plan to take over North America and it al…
Love Cloud Takes Vegas Mile High Club to New Heights
By Rob Lenihan A Las Vegas area airline charter company is offering couples a chance to join the Mile High Club without the fear of getting caught. Want the thrill of joining the Mile High Club without the hassle of cramped bathrooms and inquisitive fl…
Bitcoin Overdone? JPMorgan Pegs Fair Value at $38,000.
By Dan Weil This year ‘is likely to be a more challenging and more mean-reverting year for digital assets,’ JPMorgan strategists write. Bitcoin has soared 25% over the past 19 days, but that hasn’t made a believer out of JPMorgan. Its strategists, led …
Republic Services to Buy US Ecology in Key Environmental-Services Deal
By Rob Daniel Republic Services agreed to pay $48 a share, or about $1.5 billion, for US Ecology, bringing together two major environmental-services companies. Republic Services (RSG) – Get Republic Services, Inc. Report definitively agreed to pay $48 …
Super Bowl Betting Bonanza: Legal Wagering May Double
By Dan Weil Sunday’s Super Bowl LVI isn’t just the big game for football and advertising. It’s also the big game for gambling. Sunday’s Super Bowl LVI isn’t just the big game for football and advertising. It’s also the big game for gambling. Legal bett…
Peloton Stock Is Surging On Bets That The Fitness Equipment Company For Sale. It May Not Be.
By Martin Baccardax The appointment of industry veteran Barry McCarthy as Peloton CEO has investors betting on a near-term takeover the connected fitness group. But it might not be for sale. Peloton (PTON) – Get Peloton Interactive, Inc. Class A Report…
Uber and Lyft Are Taking Off. Can We Talk About an Uber-Lyft Merger?
By M. Corey Goldman Shares of Uber and Lyft rise on solid earnings. But they remain locked in a Game-of-Thrones-style battle. Might a merger fix their challenges? Shares of ride-hailing lynchpins Uber (UBER) – Get Uber Technologies, Inc. Report and Lyf…
The DAO of Restaurants: Crypto Fans Want to Buy McDonald’s, Subway
By Luc Olinga A community of cryptocurrency enthusiasts, friesDao, plans to buy at least one restaurant from a fast-food giant in the next 3-4 months. The idea germinated on New Year’s Eve on the social network Discord. At first it was like a joke: “We…