Uber reported a second-quarter loss on Tuesday but beat analyst estimates for revenue and posted $382 million in free cash flow for the first time ever.Shares of Uber were up 13% after markets opened.Here are the key numbers: The company reported a net loss of $2.6 billion for the second quarter, $1.7 billion of which…
Business Trends
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Uber attracts record number of drivers as cost of living bites
Uber attracts record number of drivers as cost of living bites Published 1 day ago Share close Share page Copy link About sharing Image source, Reuters The number of people driving for Uber has hit an all time high, as concerns about the rising cost of living push people to find new ways to make…
Uber attracts record number of drivers as cost of living bites – BBC News
Uber attracts record number of drivers as cost of living bites Published 34 minutes ago Share close Share page Copy link About sharing Image source, Reuters The number of people driving for Uber has hit an all time high, as concerns about the rising cost of living push people to find new ways to make…
The Federal Reserve is fighting inflation. So is remote work
While the Federal Reserve raises borrowing costs aggressively to tame stubbornly high inflation, remote work may be serving as an unlikely ally to the U.S.central bank.The Fed increased its benchmark interest rate by 0.75 percentage point last week, after having raised it by a similar amount at its policy meeting in June .By doing so,…
Robot cooks are rapidly making their way into restaurant kitchens
Before the end of this year, a brand-new pizza purveyor plans to hit the Los Angeles area.But this isn’t just another pizza place.This company plans to serve pizza from trucks and the pies themselves are put together not by humans but by robotics developed by former engineers from SpaceX.The machine can produce a pizza every…
Taco Bell Opens Four-Lane, Two-Story Drive-Thru: Photos
Taco Bell Taco Bell opened its first four-lane, two-story drive-thru in Minnesota in June.The chain first revealed plans for the massive restaurant in 2021.The contactless delivery system “defies gravity” as food is transported from the second-story kitchen to drivers below.Taco Bell is finally opening the doors of its four-lane, two-story drive-thru in Minnesota that was…
Did Russia deliberately kill Vadatursky, Ukraine’s grain tycoon?
A Russian missile killed Oleksiy Vadatursky and his wife Raisa a day before grain exports resumed from Odesa. Oleksiy Vadatursky, right, pictured with his wife Raisa [Courtesy: Nebulon] By Mansur Mirovalev Kyiv, Ukraine – Oleksiy Vadatursky was known as a “grain tycoon” who helped make Ukraine a key wheat exporter. A Russian missile killed him…
New gambling laws, such as legalising social gambling in Singapore, to take effect from Aug 1 | The Straits Times
SINGAPORE – Social gambling in the form of playing mahjong and poker with family and friends at homes will be legalised from Monday (Aug 1). While not currently illegal, social gambling is not clearly defined in current laws.The new laws will set clear parameters for what is acceptable. Other changes under the new Gambling Control…
Social gambling among family, friends at home legalised from Aug 1 as new laws take effect – CNA
SINGAPORE: Social gambling among family and friends in homes has been legalised under new laws that took effect on Monday (Aug 1). Although it was not illegal, social gathering was not clearly defined under previous laws. Under the new Gambling Control Act, definitions are set out for social gambling.Among them, the activity has to take…
Toomey says Manchin “got taken to the cleaners” in deal with Schumer – CBS News
Washington — Sen.Pat Toomey, a Republican from Pennsylvania, criticized a new climate, health care and tax package unveiled by Senate Majority Leader Chuck Schumer and Democratic Sen.Joe Manchin of West Virginia last week, saying Sunday that Manchin was “taken to the cleaners” in the agreement. In an interview with “Face the Nation,” Toomey pushed back…