Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered.
Author: Bloomberg News
Second Virus Wave Threatens US Oil Demand Again
After months of empty roads, lockdowns were easing, and people were getting behind the wheel again. Then the virus struck again.
Second Virus Wave Threatens US Oil Demand Again
After months of empty roads, lockdowns were easing, and people were getting behind the wheel again. Then the virus struck again.
Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices
Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.
Meat Shortages Reopen Costly Path to Small US Slaughterhouses
When coronavirus outbreaks forced shutdowns at America’s giant meat plants, it quickly created a bottleneck.
China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal
China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus.
China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal
China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus.
China to Speed US Farm Purchases After Secretive Hawaii Talks
China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week.
Nikola’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders
The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry.
Trump Says He’ll Ask Congress for Additional Economic Stimulus
President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment June 5.