Lyft CEO David Risher defended the company’s fourth-quarter results Wednesday, telling CNBC that consumer demand remains strong. “We have record profits, generated over a billion dollars in cash, and that’s a result of our customer-obsessed strategy, which just keeps working and growing the company,” he told CNBC’s “Squawk Box.” “So, love what we’re seeing, and…
Rep. Chip Roy (R-Texas) listens during a House Rules Committee meeting on the One Big Beautiful Bill Act at the U.S. Capitol on May 21, 2025. Kevin Dietsch | Getty Images The House will vote Wednesday afternoon on an election bill backed by President Donald Trump that would require proof of citizenship to register to…
The British Nigerian director Akinola Davies Jr. and his brother Wale were both toddlers when their father died. As adults, they could hardly remember him. Then Wale had an idea for movie. What if, by some movie miracle, they had gotten to spend a day with their dad? In “My Father’s Shadow,” the Davies brothers…
The 2026 World Baseball Classic will be a star-studded affair, but there will now be at least one less star in the tournament. Arizona Diamondbacks star outfielder Corbin Carroll won’t play for Team USA in the World Baseball Classic after breaking his right hamate bone in batting practice on Tuesday, ESPN reported on Wednesday morning….
The Trump administration’s decision to park $500 million of Venezuelan oil revenue in Qatar raises fundamental questions about the South American nation’s future after the U.S. captured former President Nicolás Maduro. Among them: When will a transition of power take place, who will ultimately govern Venezuela and who controls the country’s vast resources? Right now,…
Novo Nordisk CEO Mike Doustdar. CNBC Novo Nordisk CEO Mike Doustdar on Wednesday said the company is aiming to capture around 15 million new patients, at least initially, when Medicare starts covering obesity treatments for the first time later this year. Around 67 million Americans are covered by Medicare, but “when you take a look…
The Dow Jones Industrial Average was relatively unchanged on Wednesday after the better-than-expected delayed January jobs report failed to spark a sustainable advance. The blue-chip index slipped 23 points, less than 0.1%. The S&P 500 added 0.1%, while the Nasdaq Composite shed 0.2%. The Bureau of Labor Statistics’ January nonfarm payrolls report — which had…
Samuel Boivin | Nurphoto | Getty Images Cloudflare‘s stock rallied 10% Wednesday after the company beat Wall Street’s fourth-quarter estimates and issued upbeat guidance as artificial intelligence adoption fuels demand for its networking and security tools. In an earnings call with analysts Tuesday, CEO Matthew Prince said the rise of AI and agentic tools that…
NEW YORK — Oscar-winner Michael Douglas will have a memoir out this fall, a “raw, sweeping” account he says will illuminate his storied personal and professional lives. “After being asked for many years, I’ve finally decided it’s time to tell my story on my own terms,” Douglas said in a statement released Wednesday through Grand…
It’s time to dust off those ball bags — MLB spring training has commenced. Pitchers and catchers are starting to report to both Arizona and Florida for all 30 teams with Opening Day on March 25. Rosters are getting finalized and every team’s new offseason additions are getting their reps in – not to mention…
