Lyft Shares Drop the Most Ever After Warning of Lower Profits
Lyft Inc. dropped the most ever in a single day after forecasting dramatically lower profits than expected and saying it will cut prices in an attempt to attract and keep customers.
Bloomberg Business
Putin Is Weaponizing Energy With Oil Output Cut, White House Says
Russia’s plan to slash its oil output by 500,000 barrels a day next month shows the extent to which President Vladimir Putin is willing to use resources like energy as a weapon, White House National Security Council spokesperson John Kirby said at a briefing Friday in Washington.
Oil Surges to Best Week Since October on Russian Supply Cuts
Oil posted its largest weekly gain in four months after Russia followed through on a threat to cut production in response to western energy sanctions.
McConnell Feuds With GOP Senator Who Drew Biden Swipe on Social Security
Senate Minority Leader Mitch McConnell renewed his feud with Rick Scott, criticizing the Florida GOP senator’s proposal to put expiration dates on federal programs after President Joe Biden used it to tar Republicans as seeking to phase out Social Security and Medicare.
House Republicans Probe Alleged Bias at Archives, Letters Show
House Republicans are investigating the National Archives and Records Administration over claims of “political bias,” claiming the agency treated President Joe Biden’s handling of classified documents differently than it did former President Donald Trump, according to documents released Friday.
Poland’s Duda Throws Plan to Access EU Funds Into Turmoil
Poland’s plan to access €35.4 billion ($37.8 billion) in European Union recovery funds suffered an unexpected setback after the president asked the top court to weigh in on the key piece of legislation that promised to pave the way for the release of aid.
FBI Agents Find Additional Classified Document in Pence Home
FBI agents discovered a document with classified markings during a five-hour search of former Vice President Mike Pence’s Indiana home on Friday, adding to a batch discovered last month.
PayPal Pauses Stablecoin Work Amid Regulatory Scrutiny of Crypto
PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services.
US Shoots Down Object Over Alaska Waters, Citing Aviation Risk
President Joe Biden ordered the US military to shoot down an object flying over Alaska, the White House said Friday, less than a week after fighter jets shot down an alleged Chinese surveillance balloon over the Atlantic Ocean.
Clusters of Eye Drop-Linked Infections Found in Four States
Clusters of infections linked to the use of eye drops have been found in four states, according to US health officials tracking the outbreak that’s already led to the death of one person.
