Uber Technologies pointed to a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down 11% by Thursday afternoon. Bookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and also … Read more
NBC-parent Comcast is exploring spinning of its struggling cable networks business, including left-leaning MSNBC, President Mike Cavanagh said Thursday. Cavanagh revealed during the third-quarters earnings call that the media giant is mulling the creation of a “new, well-capitalized company owned by our shareholders and comprised of our our strong portfolio of cable networks.” The cable … Read more
Peloton on Friday named a former Apple executive as its new boss in hopes of reviving the struggling company — and the move immediately paid big dividends with the stock racing nearly 30%. Peter Stern, who co-founded Apple Fitness+ before moving on to his current role as president of Ford’s digital services business, faces the … Read more
The U.S. Environmental Protection Agency has awarded the Port of Los Angeles more than $400 million to support its transition to electric cargo-moving equipment — a major boost to efforts aimed at curbing pollution at America’s busiest container port. The so-called Clean Ports grant, announced Tuesday, is part of a larger $3-billion initiative to deploy … Read more
San Francisco — Jet airplanes spew enormous amounts of greenhouse gases and noxious chemicals, but the industry insists it wants to clean itself up. Some of the largest commercial airlines and airborne cargo carriers in the U.S. have banded together to help solve the problem under their trade group Airlines for America. On Wednesday, the group … Read more
Getty Images Some policies announced by Chancellor Rachel Reeves in the Budget will have a specific impact on younger people. Here are some of the key ones. 1. You may pay more for your bus fare The single bus fare cap in England will be raised to £3 in 2025. If you’re relying on the … Read more
The Washington Post — reeling from a mass exodus of subscribers over its refusal to endorse Kamala Harris — “aggressively ramped up its paid advertising campaign” on social media platforms that boost stories critical of Donald Trump, according to a report. Owner Jeff Bezos has faced backlash over his decision last week to kill the … Read more
Getty Images The government is scrapping a planned change to child benefit rules that would have allowed more parents to claim the payment. Currently child benefit is withdrawn when one parent earns above a certain amount, but the previous Conservative government planned for claims to be based on household income from April 2026. Chancellor Rachel … Read more
The Federal Reserve’s preferred measure of underlying inflation posted its biggest monthly gain since April — bolstering the case for slower rate cuts less than a week ahead of the central bank’s meeting to decide its next moves. The core personal consumption expenditures price index (PCE), which excludes volatile food and energy prices, rose 2.7% … Read more
You’ll want to milk this new Starbucks deal. The java chain is making a major update to its menu that will save its plant-based customers some extra dough. Starbucks will no longer charge a fee for substituting non-dairy milk in beverages, the company announced in a press release on Wednesday. Starbucks will no longer charge … Read more