Uber’s Food Delivery Business Outshines Core Rides Service
Uber’s food delivery business brought in more money during the third quarter than its signature rides business.
Uber’s food delivery business brought in more money during the third quarter than its signature rides business.
The U.S. services sector, where most Americans work, registered its fifth consecutive month of expansion in October.
Federal Reserve officials are meeting this week with the economy facing growing threats from a resurgence of the coronavirus and from Congress’ failure to provide any further aid for struggling individuals and businesses.
App-based companies like Uber, Lyft and Doordash have dodged a potentially devastating blow to their industry by carving out an exemption from a California law that required them to classify their drivers as employees instead of contractors.
The U.S. trade deficit fell in September after hitting a 14-year high the previous month as exports outpaced imports.
German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as regional auto markets recovered and highly profitable luxury models such as the 8 Series coupe and X7 large sport-utility vehicle helped fatten the bottom line.
U.S. futures rose and Asia markets posted gains as investors worldwide await the results from the U.S. presidential election.
A cruise ship industry group says its members are extending the suspension of U.S. sailing operations through the end of the year, just days after the U.S. government effectively lifted its no-sail order despite a global spike in coronavirus infections.
Pilots with Dutch national airline KLM say they have agreed to accept pay cuts for as long as the carrier needs a multibillion euro government coronavirus bailout.
U.S. manufacturing posted a strong gain in October to the highest level in two years even as coronavirus cases were beginning to surge again in many parts of the country.