Uber appears to be powering through the tumult of the global economy, despite fears that consumers are skimping on rides and deliveries. The company said on Wednesday that it had $11.5 billion in revenue in its most recent quarter, up 14 percent from a year ago and slightly below Wall Street investors’ expectations. Its total…
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles as well as for repairs and insurance. The latest tariffs, which President Trump ordered in March as part of his plan to promote domestic manufacturing, come after the 25 percent levies on…
Add this to worries about the likely impact of tariffs: costlier car insurance. The new tariffs on imported cars, metals and parts announced by the Trump administration are expected to raise vehicle prices by thousands of dollars if they remain in place. And because parts used in auto repairs will also become more expensive, the…
Warren E. Buffett, the famed investor known for his enthusiasm for undervalued stocks and businesses, is feeling bullish these days about a traditionally staid investment: Treasury bills. The cash stockpile held by Berkshire Hathaway, his sprawling multinational conglomerate, rose past $334 billion at the end of last year, including $286 billion in short-term Treasuries. The…
The Federal Trade Commission said on Thursday that it had reached a settlement with General Motors that would ban the automaker from providing drivers’ behavior and geolocation data to consumer reporting agencies. The ban will last for five years. The New York Times reported last year that G.M. was collecting data about people’s driving behavior,…
The State of Texas sued Allstate on Monday, accusing the insurer of illegally tracking drivers by way of their phones through a subsidiary called Arity that claimed to have the “world’s largest driving behavior database.” “Allstate and Arity paid mobile apps millions of dollars to install Allstate’s tracking software,” Ken Paxton, the state’s attorney general,…