Uber Loses Share to Lyft. Both Crush Rental Cars and Taxis by Wolf Richter • Apr 30, 2018 • 94 Comments War in business ground transportation. But tipping is not popular.
UK Bank’s IT Disaster Enters 2nd Week, Contagion Fears Rise by Don Quijones • Apr 30, 2018 • 28 Comments “This turned what was a super-hard systems job [into] a clusterfuck in the making.”
Rate Hike Ammo by Wolf Richter • Apr 30, 2018 • 61 Comments Fed’s favorite inflation gauge spikes, consumer spending holds up solidly.
Fight for Deposits Erupts among Banks, with Winners & Losers by Wolf Richter • Apr 29, 2018 • 52 Comments But it’s a godsend for savers.
China’s Oil Futures Are Gaining Momentum by Nick Cunningham • Apr 29, 2018 • 31 Comments But just because the contract was launched does not mean it will become dominant, or even relevant.
Are European Companies Ready for Life Without Draghi? by Don Quijones • Apr 29, 2018 • 35 Comments Not going to be easy, especially for “zombie” companies.
I Asked my Wells Fargo Branch about CDs with Higher Interest Rates. This is What Happened Next by Wolf Richter • Apr 27, 2018 • 96 Comments Competition for cash returns for the first time in 9 years, and banks hate it.
Employment Costs Surge Most since 2008, Fed Raises Eyebrow by Wolf Richter • Apr 27, 2018 • 47 Comments Salaries, wages, benefits: a combustible fuel for the Fed’s tightening machine.
And the US Dollar? by Wolf Richter • Apr 26, 2018 • 66 Comments Fed’s relentless rate hikes and accelerating QE unwind take effect.
Airbnb Just Lost a Limb in its Fourth Biggest Market by Don Quijones • Apr 26, 2018 • 35 Comments Amid a blossoming backlash against mass tourism.