Uber and Lyft’s long-awaited IPOs could crash into government-shutdown wall

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.....»»

President Donald Trump signed a $900 billion pandemic relief package Sunday, ending days of drama over his refusal to accept the bipartisan deal that will deliver long-sought cash to businesses and individuals and avert a federal government shu.....»»

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......»»

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......»»

Workers have long complained about low wages and the lack of benefits such as sick pay and healthcare......»»

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......»»

U.S. stock futures dipped late Wednesday, as traders awaited for President Donald Trump to address the nation following another steep selloff on Wall Street that snapped a more-than-decade-long bull market for the Dow......»»

Neil Hall/Reuters Wall Street banks like JPMorgan Chase and Bank of America are seizing on the coronavirus breakout in the US to push the government to further ease regulations they have long want.....»»

Spencer Platt/Getty Images Mark Mahaney of RBC Capital Markets reiterated that Uber is his top long stock pick for 2020 after the company reported solid quarterly results Thursday.  Shares of Uber surged as much as 9% in early tradin.....»»

Shares of Uber Technologies Inc rose on Friday after the ride-hailing company laid out an ambitious plan to be profitable by the end of 2020, a year ahead of its previous target as it tries to squash Wall Street doubts over its long-term viability......»»

The U.S. president skipped last year’s forum amid a record-long partial U.S. government shutdown......»»

U.S. stocks came off their session highs on Wednesday after the United States and China signed a long-awaited Phase 1 trade deal that will roll back some tariffs and boost Chinese purchases of U.S. goods and services......»»

Global markets experienced a slight bout of weakness on Tuesday as traders cashed in on recent record highs, awaited a long-anticipated U.S.-China trade deal and began to digest the first Wall Street earnings of the new year......»»

Europe's markets were struck by a bout of weakness on Tuesday, as traders cashed in on recent record highs and waited for a long-awaited U.S.-China trade deal and the first flurries of the Wall Street earnings season......»»

U.S. stocks were set to open nearly unchanged from record highs on Friday as investors stayed optimistic that Washington and Beijing would sign a long-awaited trade treaty early in the new year......»»

Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019......»»

Uber late Thursday afternoon released its long-awaited U.S. Safety Report, revealing that more than 3,000 sexual-assault related reports were reported during Uber rides last year. The San Francisco ride-hailing company's report, providing data for .....»»

The company released its long-awaited safety report Thursday (SAN FRANCISCO) — More than 3,000 sexual assaults were reported during U.S. .....»»

The U.S. government said on Wednesday it has begun issuing licenses for some companies to supply goods to China's blacklisted telecommunications firm Huawei, providing long-awaited clarity to the industry......»»