• Bill.com soars in trading debut
    Yahoo Finance Video

    Bill.com soars in trading debut

    The latest company to enter the public market is the business-to-business payments company Bill.com. Founder & CEO René Lacerte joins Yahoo Finance’s On The Move panel from the New York Stock Exchange to discuss the company’s market debut.

  • Influential Atlanta Committee for Progress wraps up 'year of transition'
    American City Business Journals

    Influential Atlanta Committee for Progress wraps up 'year of transition'

    Among the leaders who will be rolling off the board are the retired CEO of Cousins Properties, the president and CEO of Porsche Cars North America, and the CEO of Intercontinental Exchange. Former Georgia Tech President Bud Peterson stepped down from the board earlier this year.

  • Barrons.com

    50 Million Airpods, and Two More Numbers to Know

    The U.S. and China reach a limited trade deal, and Apple could be headed for very happy holidays. In the world of IPOs, things have been a little topsy-turvy this year.

  • Is GreenSky, Inc. (GSKY) A Good Stock To Buy?
    Insider Monkey

    Is GreenSky, Inc. (GSKY) A Good Stock To Buy?

    With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was GreenSky, Inc. (NASDAQ:GSKY). GreenSky, Inc. (NASDAQ:GSKY) was in 15 hedge […]

  • Barrons.com

    ‘Transportation Is Broken.’ Cruise CEO’s Blog Post Offers a Glimpse Into the Future of Self-Driving Cars

    Dan Ammann, CEO of General Motors’ Cruise automation division, rallied against the automobile’s place in society.

  • Lyft (LYFT) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Lyft (LYFT) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Lyft (LYFT) closed at $46.60, marking a -1.6% move from the previous day.

  • DocuSign Leads 3 Standouts On 'Exceedingly Bullish' CAN SLIM Hedge Fund Manager's Watch List
    Investor's Business Daily

    DocuSign Leads 3 Standouts On 'Exceedingly Bullish' CAN SLIM Hedge Fund Manager's Watch List

    DocuSign, Coupa Software and Dexcom are three names on hedge fund manager Jim Roppel's watch list. He explains why he's "exceedingly bullish" now.

  • Here's why Bill.com rocked its NYSE debut and what it means for investors
    American City Business Journals

    Here's why Bill.com rocked its NYSE debut and what it means for investors

    One of the big winners in the Bill.com IPO is San Mateo-based Emergence Capital Partners, whose co-founder Brian Jacobs invested in Bill.com's Series B round in 2007 when it was valued at about $12 million. The company's market cap after Thursday's debut is close to $2.5 billion.

  • Lyft Starts California Car-Rental Service in Blow to Hertz, Avis
    Bloomberg

    Lyft Starts California Car-Rental Service in Blow to Hertz, Avis

    (Bloomberg) -- Lyft Inc., whose ride-hailing service has been a frenemy of car-rental companies, just got a little less friendly with the likes of Hertz Global Holdings Inc. and Avis Budget Group Inc.Lyft said Thursday it’s testing out a car-rental service in Los Angeles and San Francisco and offering unlimited miles as an inducement. The announcement did little for its stock but sent Hertz and Avis shares plunging.While the rise of Lyft and Uber Technologies Inc. raised existential questions for more than century-old rental companies like Hertz and Avis several years ago, both companies have benefited recently by making their cars available to drivers that the ride-hailing services must keep adding to help support their growth. Avis even forged formal partnership with Uber in early 2017 and Lyft last year.Hertz and Avis can breathe easily for a while, said Hamzah Mazari, a Jefferies analyst who rates Avis a buy and Hertz a hold. Building up a big network of cars and rental lots is expensive, and Lyft doesn’t have the balance sheet to do it quickly.“I think the reaction is overblown,” Mazari said by phone. “Lyft doesn’t have a whole lot of capital so they won’t be able to take this nationwide. They are capital constrained, so I’m not too worried about it.”Representatives for Hertz and Avis didn’t immediately respond to requests for comment. The two erased gains following Lyft’s announcement, with Hertz ending the day down 4.8% and Avis dropping 4.4%.Lyft Rentals is a limited experiment that may change, according to the San Francisco-based company’s website. The smartphone app-based service won’t require a stop at a rental counter and will charge market rates for gasoline. Lyft also is offering $20 credits for transport to rental cars and discounts for Monday-through-Thursday use.To contact the reporters on this story: Chester Dawson in Southfield at cdawson54@bloomberg.net;David Welch in Southfield at dwelch12@bloomberg.netTo contact the editor responsible for this story: Craig Trudell at ctrudell1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Lyft’s rental-car plans broadside Hertz and Avis stocks
    MarketWatch

    Lyft’s rental-car plans broadside Hertz and Avis stocks

    The rise of ride-hailing companies has hurt the rental-car giants, and now Lyft Inc. wants to get into their game even more.

  • GuruFocus.com

    Why Is Citron's Andrew Left Betting Against Peloton?

    The activist short seller takes aim at the latest fitness fad Continue reading...

  • Lyft expands rental car program in San Fran Bay Area, Los Angeles
    Reuters

    Lyft expands rental car program in San Fran Bay Area, Los Angeles

    Lyft introduced a rental option via its app to targeted users in the two metro areas last spring, and is now widening the eligible pool of users, a spokesman said. The company said in a blog post that the rental cars will be available via its app to select users who are at least 22 years old. Lyft runs the offer without the involvement of any existing car rental companies, the spokesman said.

  • City Hall to negotiate contracts with three scooter companies
    American City Business Journals

    City Hall to negotiate contracts with three scooter companies

    The City Council on Thursday authorized municipal staff to negotiate with three companies to operate electric bicycles or scooters in San Antonio: Lime, under its corporate name, Neutron Holdings LLC; Razor USA LLC; and Bird Rides Inc. The council vote follows a staff recommendation that the three operators each receive a two-year contract with a one-year renewal option at the city’s discretion. Each company can operate 1,000 vehicles initially, limiting the total fleet on municipal streets to 3,000. San Antonio began to see a proliferation of dockless vehicles on city streets in June 2018.

  • Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics
    Zacks

    Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics

    Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics

  • Does EchoStar (NASDAQ:SATS) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does EchoStar (NASDAQ:SATS) Have A Healthy Balance Sheet?

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • One Thing To Remember About The Sanmina Corporation (NASDAQ:SANM) Share Price
    Simply Wall St.

    One Thing To Remember About The Sanmina Corporation (NASDAQ:SANM) Share Price

    If you own shares in Sanmina Corporation (NASDAQ:SANM) then it's worth thinking about how it contributes to the...

  • SMGZY vs. SWCH: Which Stock Should Value Investors Buy Now?
    Zacks

    SMGZY vs. SWCH: Which Stock Should Value Investors Buy Now?

    SMGZY vs. SWCH: Which Stock Is the Better Value Option?

  • Viasat Brings Quality Residential Internet Service to Mexico
    Zacks

    Viasat Brings Quality Residential Internet Service to Mexico

    Viasat's (VSAT) new service, which utilizes bandwidth from the ViaSat-2, is likely to be rolled out in early 2020 and aid in digital expansion across the country.

  • Bloomberg

    How’s Your Driving? If You Use an App Insurers Could Be Watching

    (Bloomberg) -- Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance -- while also raising some privacy red flags.Data on everything from how frequently a car is booked, the type of vehicle rented, the destination, the amount of time between making a reservation and the trip, how hard the driver slams on the brakes to how punctual and friendly a person is on the drive could all be fair game for the industry.Startups like Turo Inc. and BlaBlaCar believe they can take this information and use it to find new ways to assess risk and create new businesses tied to auto insurance.“It’s not so much about an individual’s story there, but at an aggregate level across millions of trips, patterns exist that actually predict risk,” Turo’s U.K. head Xavier Collins said in an interview.The famously staid and risk averse auto insurance industry is slowly finding ways to use new types of data analysis to help it make decisions about who to cover, how much to charge and which customers are most likely to leave for a competitor, said Ingo Blöink, a consultant in Germany who was previously the European director of Daimler Insurance Services.Sleeping BeautyA mix of telematics that measure a car’s performance and other publicly available records together with privately garnered “soft data” can be fed into a program to discern patterns. That can create a “microsegment” risk analysis that more finely slices who’s most likely to get into an accident or commit fraud, which could eventually replace most actuaries, Blöink said.“The industry is a sleeping beauty slowly waking up; they’ve not realized that there’s huge potential,” he said. “It will completely change the way risk will be underwritten in the next 10 years.”San Francisco-based Turo and France’s BlaBlaCar already have specialized arrangements with insurers -- Allianz SE, Liberty Mutual and Axa SA -- that offer tailored products to cover drivers who’ve borrowed another person’s car or used the service to transport someone else in their own car.The companies are part of a ride-sharing industry, led by the likes of Uber Technologies Inc. and Lyft Inc., that’s challenging traditional car ownership and rentals. Turo’s platform lets users lend personal cars to others. BlaBlaCar arranges carpools between cities.Privacy QuestionsAt an aggregate level, this type of data is “definitely something that’s of interest to us and we are exploring,” said Martin Hoff, Allianz Automotive’s head of product management and innovation, noting, however, that it isn’t being used currently. A record of good driving from such companies could help new drivers applying for auto insurance, he said.Still, sharing data with the insurance industry, which may already have a lot of information about a user, raises privacy issues, said Ioannis Kouvakas, a legal officer at Privacy International, a British charity that lobbies for privacy rights.It’s difficult to truly anonymize data, and companies could potentially reconstruct identities and use that information in invasive ways. Another big concern is whether customers are aware that they’re sharing data, he said.“There’s a lot of potential for abuse,” Kouvakas said in an interview, adding that people can rarely ever be sure of how their data is used.Consent NeededAllianz’s Hoff said the insurance industry is constrained by regulations on information they can use when assessing applicants, particularly in Europe.That’s largely thanks to the General Data Protection Regulation legislation that requires companies to inform people when their personal data is being used, letting them opt out or object, said Ian De Freitas, a partner at law firm Farrer & Co. who specializes in privacy law.But when identifying markers are stripped out and the data become anonymous, it’s no longer considered private, he said.Turo’s users currently consent to share data that lets the firm determine their likelihood of getting into an accident or making an insurance claim, identify unsafe driving behavior and conduct investigations and risk assessments.The firm’s privacy policy says that the company might collect aggregate data about its users to consider new features. Customers share their drivers’ license information, reviews, street address, employers, schools and location.Smarter InsuranceSimilarly, BlaBlaCar collects details about cars, biographical information, replies to surveys and reviews, and location.Last year, BlaBlaCar announced BlaBlaSure, an insurance product with Axa SA that targets ride-sharers. It’s been rolled out in France, with plans to make it Europe-wide, BlaBlaCar Chief Executive Officer Nicolas Brusson said in an interview. Eventually, this product will use data collected from BlaBlaCar users to help determine rates for new customers.“It seems pretty basic but when you get hundreds of data points from drivers saying a person is a great driver,” Brusson said. “It’s pretty powerful in terms of insurance pricing.”The company is collecting data and finding correlations between data points such as how someone’s driving is rated by other users, and the number of accidents. Customers must opt in to sharing their data with the insurance product, which is combined with information from other users and anonymized, he said.Drawing conclusions from the research to sell insurance is a few years off, Brusson said.“Long term, all these car-insurance products will be smarter because we have lots of data from the community,” he said.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Vidya RootFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 5 Hottest IPOs of 2019
    Zacks

    5 Hottest IPOs of 2019

    2019 was one of the busiest years for IPOs, and the calendar was packed with big tech unicorns and popular consumer brands. Here are some of the hottest market debuts we saw this year.

  • Did Uber Just Enable Discrimination by Destination?
    City Lab NonHosted

    Did Uber Just Enable Discrimination by Destination?

    In California, the ride-hailing company is changing a policy used as a safeguard against driver discrimination against low-income and minority riders.

  • Semiconductor-General Stock Outlook: 2020 Prospects Lifting Shares
    Zacks

    Semiconductor-General Stock Outlook: 2020 Prospects Lifting Shares

    Semiconductor-General Stock Outlook: 2020 Prospects Lifting Shares

  • Is Anaplan (PLAN) Stock Outpacing Its Computer and Technology Peers This Year?
    Zacks

    Is Anaplan (PLAN) Stock Outpacing Its Computer and Technology Peers This Year?

    Is (PLAN) Outperforming Other Computer and Technology Stocks This Year?

  • Here is What Hedge Funds Think About Q2 Holdings Inc (QTWO)
    Insider Monkey

    Here is What Hedge Funds Think About Q2 Holdings Inc (QTWO)

    Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]