Replacing co-founder Logan Green and setting the stage for a potential sale, Lyft Inc. (NASDAQ:LYFT) tapped board member David Risher as its new chief executive officer as the ride-hailing company struggles with competition from rival Uber Technologies Inc. and a battered stock price.

According to a memo sent to staff by Chief Executive Bob Iger, Disney (NYSE:DIS) will begin layoffs this week, the first of three rounds over the next two months, to reduce headcount by around 7,000 across the company.

In a sign that one of the developed world's most reluctant adopters of electric vehicles is finally shifting, there has been a noticeable increase in Teslas on Australian roads in recent months. 

One of the US's largest regional banks, First Citizens Bancshares inc., has agreed to buy Silicon Valley Bank, more than two weeks after the lender's collapse sent shockwaves through the banking system.

After Hindenburg Research disclosed a short position in Block, betting against its share price, and published a critical report on the fintech group run by former Twitter CEO Jack Dorsey, its stock tumbled 14.8% on Thursday and was down another 4% in Friday's premarket.

As Walmart braces for a more challenging year ahead and steps up investment in automation, the big-box giant is laying off hundreds of employees at nationwide e-commerce facilities, according to a company statement Thursday.

According to Chief Financial Officer Steven Feng, Nio Inc. is "very confident" of meeting its target of doubling sales to 250,000 electric vehicles in 2023, prompting shares of the Chinese electric vehicle maker to surge in Hong Kong.

On Wednesday, Carvana said it would offer to exchange as much as $1 billion of its unsecured bonds at discount prices in an effort to extend looming repayment deadlines, sending shares of the Phoenix-based e-commerce company up nearly 20%.

Footwear and apparel maker, Nike Inc., beat revenue and profit expectations on double-digit sales gains for its holiday quarter earnings, even though its bloated inventory continued to weigh on its margins and sales in China fell short of estimates.

As investor optimism about the takeover of its largest rival, Credit Suisse gathered pace, UBS Group AG jumped as much as 10% Tuesday, on track for its biggest gain since March 2020.

While the COVID-19 pandemic ended up being a cash cow for several pharma and biotech companies, Moderna Inc., on Monday, said it now expects to price its COVID-19 vaccine at around $130 per dose in the US going forward.

On Monday, Starbucks Corp. said it handed the reins to its incoming chief executive officer, Laxman Narasimhan, nearly two weeks earlier than expected.

On Friday, Baidu Inc. experienced a surge of over 14% after various brokerages, including Citigroup, tested the company's recently revealed ChatGPT-like service and granted it provisional approval.

Following its efforts to reduce costs and offset a decrease in package volume, FedEx Corp's shares rose when the courier raised its profit forecast.

After Adobe posted quarterly earnings that topped its own guidance and Street estimates, shares of the content development and marketing software company rallied in late trading Wednesday.