Amazon.com Inc’s Japanese unit raised the membership fee for its Prime service by 26 percent on Friday, the first such hike since it was launched in the country 11 years ago.
Asian shares were flat and U.S. Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter corporate earnings, although stronger U.S. economic data helped offset some concerns about global growth.
In addition investing more than $25 billion in Didi, Uber, Ola, Grab and Cruise, SoftBank Group Corp and its investment arms have poured another $5 billion into eight companies involved in some aspect of transportation.
SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.
Oil prices were firm on Friday, supported by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela.
Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors.
Amazon.com Inc Chief Executive Jeff Bezos on Thursday challenged retailers to hike their minimum wages to $16 an hour, prompting a comeback from Walmart Inc which asked its rivals to pay taxes.
Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing.
Southwest Airlines Co said on Thursday it would remove its 34 Boeing Co 737 MAX jets from its flying schedule through Aug. 5, leading to around 160 daily flight cancellations during the revised summer schedule.
Boeing Co’s chief executive said on Thursday that a software update designed to prevent disasters like two recent fatal crashes involving its 737 MAX is working, with about two-thirds of the fast-selling jetliner’s customers having seen the fix in simulator sessions.
Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing.
Boeing Co’s chief executive said on Thursday that about two-thirds of the planemaker’s 737 MAX customers have joined simulator sessions with a software update designed to prevent disasters like two recent fatal crashes involving its best-selling jetliner.
Uber Technologies Inc on Thursday revealed its initial public offering (IPO) filing, saying more than 90 million riders used the service worldwide while warning it may never make a profit due to pressure from rivals.
The S&P 500 ended little changed on Thursday as growing anxiety over a global economic slowdown offset upbeat data and investors waited for earnings season to kick into high gear.
Uber Technologies Inc on Thursday filed publicly with the U.S. Securities and Exchange Commission for its initial public offering (IPO), taking it a step closer to one of the largest technology stock listings of all time.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
