Bloomberg New York State has applied for a $4 billion federal loan to shore up its unemployment trust fund amid a record surge of claims by workers sidelined by the Covid-19 pandemic, a spokeswoman said. “All benefits, including enhanced benefits, are being paid, and to help ensure it remains that way the state has applied for an up to $4 ...

Bloomberg Lyft Inc. withdrew its profit and revenue forecasts for 2020, following rival Uber Technologies Inc. in citing evolving and unpredictable impacts from Covid-19. The San Francisco-based ride-hailing company has seen demand fall dramatically, crushing its earlier estimates. Uber and Lyft, both of which aren’t yet profitable, told investors earlier this year they would turn a profit by the end ...

Bloomberg Netflix Inc. posted the strongest financial results in company history, adding a recorded 15.8 million paid subscribers — almost double the figure forecast by Wall Street analysts. Yet rather than gloat, the company’s executives warned investors not to get too excited. Netflix benefited in the first quarter from an unprecedented health crisis, the global coronavirus pandemic. With billions of ...