Uber lists New York cabs on app as driver shortage continues March 24, 2022 Uber agreed a mega deal to list all New York City taxis on its app this morning, helping address the shortage of drivers in the city and buffering taxi usage. The agreement was announced by Creative Mobile Technologies, which makes apps for the city’s yellow cabs, and Curb, a ride-hailing app for licensed taxi and [...]
UK home to second most hedge funds, as US dominates rise of crypto strategies March 22, 2022 Britain is home to the second largest hedge fund market in the world, with more than 500 set up in the capital since 2019. The US leads the way with 67 per cent of the global share, with New York boasting almost 7,000. Data compiled for SigTech also shows London has 2,230, with nearly a [...]
The New York Times hits 10m subscriber target thanks to The Athletic and game expansion February 2, 2022 The New York Times surpassed market expectations today as digital subscriptions boomed for the 170-year-old newspaper.
Jefferies sets the mood for Wall Street’s quarter with record revenues October 1, 2021 Jefferies reported record revenues for the third quarter and said its dealmaking backlog for the fourth quarter had also reached new heights, in the first results of the season from Wall Street. Total revenues for the quarter hit a record $1.38bn, up 78 per cent from the $777m reported in the same period a year [...]
Uber Eats, DoorDash, Grubhub sue New York City over caps on fees they can charge restaurants September 10, 2021 A group of food delivery giants including Uber Eats, DoorDash and Grubhub have teamed together to sue the City of New York over legislation that would impose a permanent cap on the commissions they can charge restaurants. The companies filed a lawsuit in federal court in New York late last night, seeking an injunction that [...]
Wall Street ends hot streak and opens lower amid China growth slowdown August 16, 2021 Wall Street fell from last week’s record highs at Monday’s open amid concerns about the impact of the crisis in Afghanistan and after China missed expectations on a range of data, signalling that its economy was slowing down. The S&P 500 slid down 0.4 per cent from Friday’s all-time high of the year, while the [...]