Group 1 - Lyft reported third-quarter revenue of $1.689 billion, a year-over-year increase of 10.7%, marking a record high, although slightly below analyst expectations [1] - Adjusted core earnings for the quarter were $138.9 million, slightly lower than the expected $140 million [1] - Total bookings reached a record $4.8 billion, up 16% year-over-year [1] Group 2 - The number of rides taken during the quarter was 248.8 million, reflecting a 15% year-over-year growth [1] - Active passenger count increased to 28.7 million, representing an 18% year-over-year rise [1] - For the fourth quarter, Lyft expects total bookings to be between $5.01 billion and $5.13 billion, exceeding the average analyst expectation of $4.98 billion [1]

Market Performance - The three major U.S. stock indices opened higher, with the Dow Jones up 0.17%, the Nasdaq up 1.55%, and the S&P 500 up 0.82% [1] Company Highlights - Meta's second-quarter net profit increased by 36%, leading to a stock price rise of over 11% [1] - Microsoft's fourth fiscal quarter net profit grew by 24%, resulting in a stock price increase of over 8% [1] IPO News - Figma is set to debut on the New York Stock Exchange with an IPO price of $33 per share, raised from an initial range of $25-28 due to strong market demand [2] - The IPO price was adjusted upwards to $30-32 earlier in the week, reflecting high investor interest [2] Tesla Developments - Tesla has launched a ride-hailing service in the San Francisco Bay Area, but it is not clear if autonomous vehicles will be used; the service will operate with a safety driver present [3] Ford Financial Update - Ford warned that its full-year performance will be impacted by $3 billion due to tariffs, with a $800 million hit reported in the second quarter [4] - The company raised its estimate of the total revenue impact from tariffs by $500 million [4] Moderna Workforce Reduction - Moderna announced a 10% workforce reduction to address financial pressures from declining vaccine sales [5]

Core Insights - Careem, a subsidiary of Uber, will suspend its ride-hailing services in Pakistan on July 18 due to challenging macroeconomic conditions, increasing competition, and global capital allocation issues [1] Company Summary - Mudassir Sheikha, the co-founder and CEO of Careem, announced the suspension of services in a statement highlighting the difficulties faced by the company in the current economic environment [1]