Axios

Uber's "latest misbehavior involving a data breach cover-up revealed this week could be the impetus for people to ride elsewhere," according to AP's Tom Krisher in Detroit and tech writer Barbara Ortutay:

"With the jobless rate at a 17-year-low of 4.1% and consumer confidence stronger than a year ago, analysts project healthy sales increases ... The National Retail Federation ... expects sales ... to at least match last year's rise of 3.6% and estimates online spending and other non-store sales will rise 11 to 15%," per AP.

Consolidation is the name of the game in semiconductors right now, particularly with Broadcom weighing a hostile takeover bid for Qualcomm.

Why it matters: If Broadcom buys Qualcomm — combined with Qualcomm's pending purchase of Dutch rival NXP — it would expand the chip-making market's Big Two into its Big Three:

Full versions of the stories cited above:

• Amazon's next targets: FedEx and UPS
• The smart money on Wall Street is shorting Amazon's rivals
• Toymakers depend on Amazon for holiday survival
• A brick-and-mortar juggernaut in the Amazon economy
• E-commerce is concentrating jobs, not killing them
• Automation is raising pay before it cuts jobs
• Ebay: The future of retail is virtual reality
• Can the death of brick-and-mortar retail be stopped?
• Who's thriving in the retail bloodbath

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"Thousands of Uber customers are believed to have had their accounts hacked by Russians after users of the app reported being billed in roubles for taxi journeys they had not taken in Moscow and St Petersburg," according to The Times of London:

"More than 800 people in Britain and the United States have complained on Twitter that their accounts were taken over in the past year, ... with the number of reports spiking in April and May."

Ride-hail company Lyft is seeking to raise up to $500 million in additional funding, according to a share authorization document filed yesterday in Delaware. This comes one month after Lyft announced a planned $1 billion infusion led by CapitalG, an investment arm of Google parent Alphabet. A company spokesman stresses that the $500 million is not yet closed, but adds: "Increasing the potential for this round will allow us to further accelerate our commitment to serving passengers and drivers."

Details: The new investment would be an extension of the CapitalG-led round, at the same share price of $39.75. That means the $10 billion pre-money valuation remains static, but the post-money could now value Lyft at $11.5 billion.