Lyft Inc., founded in San Francisco in 2007, operates a peer-to-peer marketplace for on-demand ridesharing. Lyft was originally founded as Zimride, but reincorporated as Lyft in 2012. The company's app for smartphones enables consumers to contact drivers, arrange a meeting point, and get to a destination in a cash-free transaction. The company focuses on the U.S. market and has a presence in 658 U.S. cities. Along with ridesharing, Lyft operates a fleet of scooters and bikes. The company completed its IPO on March 28, 2019 at $72 per share.

Markets are higher at midday shrugging off the second hot inflation report in two days. President Trump says more tariffs are coming, likely today. PPI rose sharply in January, increasing 0.4% month over month, higher than expected. On a yearly basis, prices climbed by 3.5% from a revised higher 3.5% the month before. Core PPI rose 0.3% monthly, above the 0.2% expected. On an annual basis, it dropped to 3.4% in January from 3.5% in December. This report on the wholesale side of inflation follows the hot print out yesterday showing a jump in consumer prices. The yield on the 10-year Treasury note is 4.54%. Oil is $71 per barrel. Bitcoin is $95,600.

In this edition, opportunities bloom in Asia market despite tariff threats; Amazon said to have eye on hailing Lyft; a mixed bag for Tesla; and Nike, Nanosonics, and Geely Automobile Holdings.

Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.