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2 mins read
Lyft says that its drivers are making 'record earnings' amid a driver shortage
Lyft cofounder John Zimmer said that ride demand outstripped driver supply in the first quarter - w…
Grace Dean
2 mins read
Lyft threatens to exit Minneapolis if the city raises the minimum wage for drivers, claiming prices could double and 'only the most wealthy could still afford a ride'
Uber echoed Lyft by saying it would have no choice but to greatly reduce service, and possibly shut…
Kai Xiang Teo
5 mins read
Cement companies are girding for tougher times as rising fuel costs bite
The recent increases in cement prices are unlikely to translate into gains for the cement companies…
1 min read
With fares almost doubled, riding an Ola or Uber will no longer be your cheapest bet
You must have by now heard about Ola and Uber planning to raise their fares. This comes as real bad…
3 mins read
Surging oil prices will have ripple effects far from the gas pump
Fluctuating oil prices could send shock waves through the economy in unexpected ways, impacting eve…
Avery Hartmans
9 mins read
Uber and Lyft are desperate for drivers. Here's what drivers say is keeping them off the road
Passengers are finally returning, but drivers are waiting for better pay among other things. Some a…
Tyler Sonnemaker
1 min read
Your Uber ride would cost you 15% more than earlier. Here's why
Now, the ride time charge will be Rs 1.5 per minute. Earlier it was Re 1. Uber now charges Rs 6 per…
2 mins read
Global stocks edge higher but oil prices fall as investors mull the economy and await earnings
Stocks rallied sharply in July but many investors believe it's a so-called bear market rally that c…
Harry Robertson
4 mins read
Motherson Group to reportedly acquire Italian auto components maker Marelli – here’s what it means
Motherson Sumi already has past experience with Marelli – it had entered into a joint venture …
2 mins read
Now riding Ola and Uber won’t be cheap anymore, fares to skyrocket in top cities
The ride-hailing applications have begun increasing charges in top urban areas, diminishing the sum…
2 mins read
A water company is shaming the Hamptons' uber-rich, accusing them of using over 100 times more water than the average American amid water shortage
The SCWA called for homeowners to cut back on shower times and lawn watering as wealthy Hamptons re…
Grace Kay
8 mins read
How Grab, Asia's Uber, stumbled before and after its $40 billion SPAC, with pandemic layoffs and a teary all-hands with its CEO
Grab was a poster child for how Southeast Asia could match — or at least ape — Silicon Valley innov…
Weilun Soon
2 mins read
Delhi’s corporates are allowing work from home, installing air purifiers, to save their employees from pollution
But corporates too have taken steps to protect their employees from Delhi’s toxic air …
2 mins read
Uber and Lyft rides are down in New York City thanks to a minimum wage rule that drove up prices. Analysts say it could have been even worse.
"We would argue that observing fairly stable volume growth rates following increasing prices ~10-20…
Graham Rapier
9 mins read
Widespread backlash to fuel price hikes may spell doom for the current Mexican government
Immediately after that announcement, leaders of the opposition leftist Party of the Democratic Revo…
Christopher Woody
2 mins read
Dow, S&P 500 close at records after Fed upgrades its growth outlook and indicates no rates hikes until 2023
US stocks rose after the Federal Reserve said it will keep monetary policy supportive of the US eco…
Carla Mozée
2 mins read
Here’s why Uber and Ola are experiencing a decline in their daily ride growth
After exponential growth in the last few years, it seems that the Indian taxi-hailing market is slo…
5 mins read
Meet the 10 execs shaping the future of the energy industry
Welcome to Insider Energy, Business Insider's weekly energy newsletter. Sign up to get it in your i…
Benji Jones
2 mins read
Ola’s battle for ride hailing supremacy in India is quickly draining its bank account
As the old saying goes, “uneasy lies the head that wears the crown”. Fending off Uber’s advanc…
1 min read
UBER CEO: Surge Pricing Is Here To Stay, Get Used To It
If you're going and buying a hotel room, you know that prices can change. You know that if you don'…