Lyft, which bought out the bike-share system in 2018, recalled the first batch of e-bikes in April 2019 due to a braking problem that caused multiple injuries and lawsuits.
Stocks rose solidly in early trading as investors regained an appetite for risk after two days of heavy losses. The sharp drops, which wiped out the market's gains for the year, were brought on by worries over economic fallout from the virus outbreak that originated in China.
Investors plowed money into bonds, sending the yield on the 10-year Treasury to a record low. Mastercard joined a growing list of companies warning that the outbreak would hurt its finances.
Disney has named Bob Chapek CEO, replacing Bob Iger, effective immediately. The surprise announcement Tuesday makes Iger executive chairman. Chapek was most recently chairman of Disney Parks, Experiences and Products.
Gloria Guevara, president and CEO of the World Travel & Tourism Council, told Cheddar Tuesday the U.S. is losing an average of $6,000-7,000 for each would-be Chinese visitor who opts not to, or is not allowed to, travel.
