The chairman of the U.S. House of Representatives’ Transportation and Infrastructure Committee “strongly urged” Uber Technologies Inc and Lyft Inc to participate in a hearing set for Wednesday on issues facing the ride hailing industry.
The chairman of the U.S. House of Representatives’ Transportation and Infrastructure Committee “strongly urged” Uber Technologies Inc and Lyft Inc to participate in a hearing set for Wednesday on issues facing the ride hailing industry. In letters to the companies’ chief executives, Representative Peter DeFazio said both companies had declined to participate at the hearing. …read more […]
Could Postal Realty Trust, Inc. (NYSE:PSTL) be an attractive dividend share to own for the long haul? Investors are… …read more […]
Booking.com has unveiled the next piece in its evolution toward becoming a full-service online travel agency — flight bookings in seven European countries. This is believed to be the first time that Booking.com has offered standalone flight bookings other than through sister company Kayak. The difference is now that when travelers using Booking.com sites and […] …read more […]
As natural gas prices continue to get hammered, the U.S. gas boom playing out in the Appalachian Basin is quickly losing its steam …read more […]
(Bloomberg) — In his latest bid to reduce losses at Uber Technologies Inc., Dara Khosrowshahi fired about 350 employees, in what he said is the “last wave” of workforce reductions.The cuts hit a handful of divisions, including self-driving car development and food delivery. Uber dismissed more than 800 employees over two rounds of cuts in July and September.Since a disappointing initial public offering in May, Uber’s stock price is down about 30%. Investors have expressed concerns about increased losses and slowing growth. The ride-hailing company lost more than $5 billion in the second quarter. News of the additional job cuts …read more […]
Netflix is gearing up to report quarterly earnings this week, as the streaming company is facing more competition in the space from Disney and Apple. R “Ray” Wang, founder and principal analyst at Constellation Research, joins Akiko Fujita on The Ticker to discuss. …read more […]
Oil prices slumped more than 2% on Monday on worries that global crude demand could stay under pressure as a lack of details about the first phase of a U.S.-China trade deal dimmed hopes for a quick resolution to the tariff fight.
Wall Street struggled for direction on Monday as inconclusive U.S.-China trade negotiations dampened sentiment and investors turned toward third-quarter earnings season, which begins in earnest on Tuesday.
Long term investing works well, but it doesn’t always work for each individual stock. It hits us in the gut when we… …read more […]
Today’s chart explores how foreign exchange reserves of the world’s most powerful currencies have changed over the years – particularly the dollar.
First, some background. In July 1944, delegates from 44 countries negotiated the Bretton Woods System. The system pegged the U.S. dollar to gold and other currencies to the U.S. dollar. It was designed to stabilize currency values to create a more efficient and conducive environment for global trade and finance.
Bretton Woods elevated the dollar to reserve currency status. But it was the “petrodollar” that cemented the dollar’s status as the dominant global reserve currency. The “petrodollar” emerged in the …read more […]
Wall Street wants more details on Trump’s trade truce with China. …read more […]
Facebook Inc’s Libra cryptocurrency faced a pivotal meeting of backers on Monday, after the ambitious project to bring digital coins into mainstream commerce suffered another defection, from online travel company Booking Holding.
Mnuchin says Treasury, and not just the senators who sent letters, also warned Libra Association members about their involvement. …read more […]
Uber has laid off roughly 350 workers, according to a new report from Tech Crunch. The layoffs reportedly impact employees in Uber Eats, its advanced technologies group, and recruiting. This comes as the ride-hailing company continues to pressure New York City over a new rule that would limit the amount of time drivers spend on the road without riders. Yahoo Finance’s Zack Guzman and Brian Cheung discuss the latest Uber news and more with Flat World Partners CEO, Anna-Marie Wascher. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
