• Venture backers reap multibillion-dollar payday in Lyft IPO
Venture backers reap multibillion-dollar payday in Lyft IPO

Later today, Lyft will be first out the gates with its IPO , just weeks ahead of Uber which has plans to list in April. The overwhelming response to Lyft's IPO could be the result of investors' high future growth expectations from the ride-hailing industry and their trust in Lyft.

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  • Lyft's IPO prices at $72 per share, leading stampede of tech unicorns
Lyft's IPO prices at $72 per share, leading stampede of tech unicorns

But Lyft lost $911 million on $2. 2 billion in 2018 revenues. Union pension fund adviser CtW Investment Group has argued Lyft "faces an all-but-insurmountable barrier" to profitability due to issues with the ride-hailing company's pricing strategy and new regulations driving costs higher.

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  • What's new in iOS 12.3 beta 1
What's new in iOS 12.3 beta 1

Keep this in mind when considering the card . Apple Inc . on Monday launched " Apple Card", a credit card designed for the iPhone , to be used with the Apple Pay contactless payment system. Apple Card will simplify the application process and encourage customers to pay less interest. What Apple seems to have forgotten is that growth ...

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  • Wow Air Ceases Operations Following Months of Financial Troubles
Wow Air Ceases Operations Following Months of Financial Troubles

Wow in December sold four Airbus A321 passenger jets to Air Canada for US$12-million, according to Mr. Rennert and industry reports, as the carrier tried to stay afloat. It is the latest in a series of low cost operators in Europe to go out of business and has left a number of passengers stranded. As recently as late a year ago, WOW Air was talki...

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  • McDonald's Acquires Tel-Aviv Based Dynamic Yield for $300 Million
McDonald's Acquires Tel-Aviv Based Dynamic Yield for $300 Million

USA fast food giant McDonald's Corporation (NYSE: MCD ) has announced an agreement to acquire Israeli AI startup Dynamic Yield, which develops personalization and decision logic technology. McDonald's even plans to include the AI in the self-order kiosks and the mobile app. Founded in 2011 by Israeli-born entrepreneurs Liad Agmon and Omri Me...

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  • Newspapers largely shun Apple's news subscription service
Newspapers largely shun Apple's news subscription service

By tapping on the card within the Wallet app , you can see your recent transactions, broken down by category with colors. Launching in the USA first Apple has insisted News+ will feature over 300 magazines that include Esquire, National Geographic, Men's Health and more.

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  • Jet Airways founder Naresh Goyal, wife Anita step down from board
Jet Airways founder Naresh Goyal, wife Anita step down from board

His government urged state-run banks to rescue the airline without pushing it into bankruptcy, sources have told Reuters. In recent weeks, it had grounded more than two-thirds of the 119 aircraft in its fleet. The reports of Goyal's departure led to a rally in Jet's shares of more than 15 percent. A pilots' organisation had also warned that its...

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  • Trump says to nominate Stephen Moore to FED
Trump says to nominate Stephen Moore to FED

FOMC statements focus mainly on current economic conditions and the immediate interest-rate target, though they'd evolved somewhat since the crisis and by December 2011 were offering investors forward guidance that rates would be held exceptionally low "at least through mid-2013".

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  • Michigan Lottery: Powerball jackpot at $625 million ahead of Saturday's drawing
Michigan Lottery: Powerball jackpot at $625 million ahead of Saturday's drawing

The record $1.586 billion prize was won in 2016 across three states: California , Florida and Tennessee. The chances of getting all five number and the Powerball number correct are just over 292 million-to-one. Last is your shot at $4, which you could use to buy two more Powerball tickets if you wanted. The drawings are held at 10:59 p.m. If...

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  • Powerball jackpot soars to $550 million after top prize goes unclaimed
Powerball jackpot soars to $550 million after top prize goes unclaimed

The drawing for that jackpot, figured to be the eighth-largest in Powerball's history, will be held Wednesday. The cash value lump sum is an estimated $335 million. No one broke the bank in Saturday night's drawing. The drawing is at 7:29 p.m. Deadline is 7:08 p.m. Powerball is offered in 44 States, Washington D.C., Puerto Rico, and the Virgi...

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  • Dirty Dozen & Clean Fifteen 2019: These Fruits & Veggies Have The Most Pesticides
Dirty Dozen & Clean Fifteen 2019: These Fruits & Veggies Have The Most Pesticides

Several fruits and vegetables were found with relatively few pesticides , placing them on EWG's "Clean 15 " list . "More than 92% of kale samples had two or more pesticide residues detected, and a single sample could contain up to 18 different residues", the report read .

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  • Bayer shares fall after second U.S. ruling that Roundup causes cancer
Bayer shares fall after second U.S. ruling that Roundup causes cancer

District Court, Northern District of California ( San Francisco ). Glyphosate is the most heavily used herbicide in the world. CNN: Monsanto's Roundup Was Likely The Cause Of A Second Man's Cancer, Jury Says. The latest ruling suggests Bayer is "the underdog in numerous reported 11,200 cases pending across the U.S.", Holly Froum, a l...

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  • Facebook found millions of passwords stored in plain-text in internal investigation
Facebook found millions of passwords stored in plain-text in internal investigation

The acknowledgement from the social media giant came after a security researcher posted about the issue online. Facebook stored the account passwords of "hundreds of millions " of Facebook , Facebook Lite and Instagram users in unencrypted plaintext on its internal servers, where thousands of Facebook employees could have viewed the...

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  • Fed Sees No More Hikes Until 2020
Fed Sees No More Hikes Until 2020

After a two-day meeting in Washington, policymakers unanimously voted to keep the USA interest rate range unmoved between 2.25pc and 2.5pc, changing the initial outlook from two hikes in 2019 to none. Powell noted risks to his positive outlook include a slowdown in Europe and ongoing trade tensions with China. And he said global growth which had ...

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  • Mukesh Ambani bails brother out of jail trouble by paying dues
Mukesh Ambani bails brother out of jail trouble by paying dues

The Supreme Court in February found that Ambani , 59, had refused to pay telecom giant Ericsson 5.5 billion Indian rupees ($77 million), as previously ordered by India's top court. Ambani's net worth has shrunk to about $300 million from at least $55 billion in 2008, according to data compiled by Bloomberg , as his telecom to power and infrast...

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  • Facebook’s outage becomes Telegram’s gain with 3 million new users
Facebook’s outage becomes Telegram’s gain with 3 million new users

Facebook was yesterday forced to use the rival social network to update its users after the problem prevented people using the company's main service as well as Instagram and WhatsApp . Facebook has pinned the error a " server configuration change ", which is vague enough to avoid deeper probing, and subsequent troubleshooting from armchair ...

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  • Facebook's chief product officer and head of Whatsapp are leaving
Facebook's chief product officer and head of Whatsapp are leaving

Whether the executive departures are connected to Facebook's decision shift focus from public sharing to messaging as it works to connect the back ends of its messaging services is unknown. It's a huge job for Zuckerberg and all the leaders of Facebook's apps, so it's not going to be an easy job for anyone involved. In his post , Zuckerberg an...

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  • What does Infiniti leaving Europe mean for Australia?
What does Infiniti leaving Europe mean for Australia?

By way of comparison, Lexus managed 47,170 sales across Europe in 2018, which trailed Alfa Romeo (83,438), Jaguar (84,311), Land Rover (150,283), and Volvo (319,048) by a significant margin. "In anticipation of its planned withdrawal from Western Europe in early 2020, the company is working to find alternative opportunities for any em...

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  • Tasty Pi Day deals available at Central Florida area restaurants
Tasty Pi Day deals available at Central Florida area restaurants

Dine-in guests can score a mini one-topping pizza for $3.14 (in honor of the first few digits of Pi, naturally) at BJ's this Pi Day . Whole Foods Market: Large bakery pies are $3.14 off the regular price Thursday. To celebrate Pi Day , they are offering up to 40% off a variety of pies from now until March 14. Blaze Pizza - This app only d...

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  • Nvidia beats Microsoft, Intel for chip maker Mellanox in $7B deal
Nvidia beats Microsoft, Intel for chip maker Mellanox in $7B deal

Department of Energy. Nvidia management comments on a conference call that discussions to buy Mellanox were relatively recent suggested that they may have calculated that Mellanox as part of Intel would have hindered Nvidia's long-term growth, Rosenblatt Securities analyst Hans Mosesmann said .

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