Lyft's Wild Ride: Inflation Relief Boosts Stock

Lyft's stock price surged on surprisingly cool inflation data, fueling hopes for Federal Reserve interest rate cuts and boosting tech stocks. While the initial spike settled, Lyft closed up 2.7%, marking a new yearly high in a volatile year for the ride-sharing company. Is this a turning point for Lyft, or just another bump in the road for a stock still below its IPO price? Hosted on Acast. See acast.com/privacy for more information.