Government shutdown creates wall for IPOs, may delay Uber and Lyft deals

The U.S. government shutdown, now in its 20th day, is disrupting the initial public offering process and may cause delays in some of the bigger deals expected in 2019, including those of ride-sharing services Uber and Lyft......»»

The U.S. government shutdown, now in its 20th day, is disrupting the initial public offering process and may cause delays in some of the bigger deals expected in 2019, including those of ride-sharing services Uber and Lyft......»»

Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's results on Thursday, after Lyft indicated a slow recovery in demand and lower costs as rising unemployment creates greater supply of drivers......»»

Wall Street pummeled shares of companies including Lyft , Uber Technologies , SmileDirectClub and Slack Technologies on Thursday as investors grew more sour on money-losing former startups that listed their shares this year in hyped-up IPOs......»»

The Senate action comes with a government shutdown deadline less than two weeks away......»»

The action comes with a government shutdown deadline less than two weeks away......»»

Uber Technologies filed paperwork this week for its initial public offering, according to people familiar with the matter, as it races with smaller rival Lyft Inc. to be the first to market......»»

Wall Stree.....»»

The government shutdown endangers both Main Street and Wall Street, Senate Minority Leader Charles Schumer argued on Monday.Appearing before the Association for a Better New York, a business-linked... To view the full story, click the title link......»»

Uber Technologies Inc. and Lyft Inc. have yet to re.....»»

The Sacramento District office of the Small Business Administration is closed due to the federal government shutdown, which may start affecting local real estate deals if the closure goes on much longer. Not considered essential, the SBA is shut do.....»»

The chairman of the Senate Finance Committee said Wednesday that the Trump administration’s trade negotiations may be delayed as a result of the partial government shutdown, which is now on day 26......»»

Lyft, Uber, Pinterest and Airbnb will be hot stocks — Wall Street is practically guaranteeing it......»»

Ride-hailing companies Uber Technologies and Lyft will give some of their drivers a chance to participate in their initial public offerings, The Wall Street Journal reported Thursday......»»

Ride-hailing rivals Uber Technologies and Lyft are gearing up to go public and are pursuing ways for their drivers to participate in the planned IPOs, The Wall Street Journal reported. read more.....»»

The Minneapolis City Council unanimously approved a delay in a minimum wage rule for ride-hailing services that prompted Uber and Lyft to threaten a market pullout. In response, the companies said they'd delay their exit......»»

Stocks trade slightly lower Friday afternoon, a day after benchmark indexes closed at record highs, as Wall Street awaits an update from Congress on fiscal stimulus talks and a spending bill to thwart a midnight government shutdown......»»

Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the U.S. unemployment system......»»

The city of Phoenix decided Wednesday to delay putting new ground transportation fees in place at Phoenix Sky Harbor International Airport until after the Arizona Supreme Court rules whether the fee increases are constitutional. In December, Phoenix.....»»

Boeing Co. said it is grappling with a new software headache before its 737 MAX can return to service, a problem industry and government officials said prevents the jet’s flight-control computers from powering up as required prior to flight......»»