Alphabet may invest in Lyft

The markets advanced during the midday with the Dow climbing 56 points to 22,260. Nasdaq gained 16 points to 6,446.


Alphabet is exploring the possibility of making a significant investment in ride hailing app Lyft. The two companies have already partnered to develop autonomous vehicle technology. Lyft plans to offer free rides in self-driving cars in the San Francisco area later this year.


Aerosoles has filed for Chapter 11 bankruptcy protection. The women's footwear retailer has 78 stores nationwide and also sells its products through department stores and specialty locations. The company will shutter most of its stores in order to focus on its online presence and international sales.


Google has been sued by three former employees for gender pay discrimination. The suit alleges that Google pays women less than men at all job levels and assigns women lower job tiers with less upward mobility. Google disputed the allegations and said that all employees are compensated equitably.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2,497. Bitcoin leaped $287 to $3,594.


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.