Sabela Ojea

The regulator alleged that as Covid-19 restrictions eased in 2021 and 2022, Lyft made numerous false and misleading claims about how much money drivers could make if they chose to join the ridesharing platform.

Beyond Inc. is cutting about 20% of its workforce as part of broader review of its cost structure, which comes after the company invested about $65 million in two retailers to help restore Bed Bath & Beyond’s physical presence.

Smaller format Bed Bath & Beyond locations will open across the U.S. more than a year after the retailer filed for bankruptcy.

The company said it is believes its reporting complied with applicable requirements in all material aspects, but that it can’t predict the outcome or possible impact of the investigation.

Beyond is investing $40 million in The Container Store, providing the struggling retail chain a financial lifeline while returning some Bed Bath & Beyond products back to physical retail locations.

The cosmetics company, whose portfolio of brands includes Max Factor and Lancaster, on Monday said retailers are tightening their inventories as mass beauty sales continue to see slow growth trends, particularly in the U.S.

Tesla’s disappointing Robotaxi event highlighted how late the company is to the autonomous-vehicle race, leaving the door wide open for its competitors.

The entertainment conglomerate now expects to cut its workforce by 13%, or about 750 employees—up from a 10% reduction.

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PayPal shares jumped after the digital-payments company logged higher quarterly profit and revenue and raised its annual