May 2022

The Fed is having some tough convos about the economy. In March, they opted to raise the interest rate for the first time in three years. The goal? To offset record-breaking inflation. Word on the street is they’re planning to raise it again at today's meeting. Here's what that means for your wallet.

4:30 ET. Tune in here. Lyft picked up a mixed back in Q4. It beat revenue estimates...but fell short on active riders (read: about 2 million below analyst estimates). Some of the decline could be due to the Omicron variant — which the company expects to drive down Q1 results. Investors are hoping they'll steer clear of major losses in today's report.

5pm ET. Tune in here. Beep beep. Uber is pulling up with an earnings report. While the company struggled during COVID-related shutdowns, they started bouncing back in Q4. And returning to almost pre-pandemic app usage. Gross bookings grew 51% YoY. And revenue also grew 83% YoY. We'll see if the company rode the wave into this first quarter.

Don't get this day confused with Mexico's Independence Day (that's on Sept 16). Today commemorates Mexico's underdog victory over France in the 1862 Battle of Puebla. And it's turned into a day to drink margs and eat tacos to your heart's content.