Tech stocks worst two-week period since the start of the pandemic

Pedestrians pass the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started as a recovery in the third quarter has turned into a flop for tech investors. The Nasdaq fell 5.1% this week after losing 5.5% the week before. That marks the worst two-week period for the tech-heavy index since it … Read more

Google co-founder’s flying car startup is coming to an end

Larry Page Justin Sullivan | Getty Images Google co-founder Larry Page’s flying car startup Kittyhawk is being phased out, the company announced on Wednesday. “We’re still working on the details of what’s next,” the company wrote in a LinkedIn post. related investing news JPMorgan says this company can become a leader in autonomous vehicle technology … Read more

FTC sends warning to Uber, Lyft, DoorDash and other ‘gig-work’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, whom the agency says are entitled to protection regardless of their employee classification. The commission has passed a policy statement detailing issues gig workers face — including misleading claims about their wages and hours, unfair contract terms … Read more

FTC sends warning to Uber, Lyft, DoorDash and other ‘gig-work’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, whom the agency says are entitled to protection regardless of their employee classification. The commission has passed a policy statement detailing issues gig workers face — including misleading claims about their wages and hours, unfair contract terms … Read more

Uber, Pinterest, Caterpillar and more

An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019. Source: NYSE Check out the companies making headlines during Tuesday afternoon trading. Uber Technologies – Shares of Uber rose 17.6% after the ride-hailing giant reported quarterly revenue that exceeded analyst expectations. The company’s revenue was $8.07 billion, … Read more

Uber sued by more than 500 women for sexual assault

An iPhone displays the Uber ride-hailing app on September 26, 2017 in Hong Kong. studioEAST | Getty Images Uber is being sued by more than 500 women who claim to have been attacked by drivers on the platform. The complaint, filed Wednesday, alleges that “female passengers in multiple states have been abducted, sexually assaulted, sexually … Read more

Twitter, Wynn Resorts, Lululemon, Nio and more

Traders work on the floor of the New York Stock Exchange. NYSE Check out the companies that make headlines during afternoon trading. Twitter – Shares of the social media company fell more than 8% after Elon Musk abandoned his $44 billion deal to buy Twitter. Musk claimed that Twitter underreported the number of spam bots … Read more

Coinbase hiring pause for ‘foreseeable future’ and will withdraw offers

Brian Armstrong, Coinbase co-founder and CEO speaks onstage during ‘Tales from the Crypto: What the Currency of the Future Means for You’ at Vanity Fair’s 6th Annual New Establishment Summit at Wallis Annenberg Center for the Performing Arts on Oct. 23 2019 in Beverly Hills, California. Matt Winkelmeyer | Getty Images Two weeks after announcing … Read more

US job market gap widens prospects for some workers, spotlights others

There is a help wanted sign in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are emerging in the U.S. job market as some companies seek to curtail hiring while others are desperate for workers. Microsoft, Twitter, Wayfair, Snap and Facebook parent Meta recently announced their intention to be … Read more

Sequoia coaches start-ups to cut costs or face a ‘death spiral’

One of Silicon Valley’s most successful venture capital firms isn’t seeing the economy bounce back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia outlines a litany of risks that make it harder for founders to raise money and operate. The … Read more