Uber’s revenue grew to $5.8 billion, an 83 percent increase from a year earlier, exceeding analyst expectations.
Its investments in other ride-hailing companies would probably continue to cause fluctuation in its profits and losses, Uber said in its earnings report.
Uber said it was attracting a growing number of users by relying on its food delivery business, Uber Eats, to bring in business during spikes in coronavirus cases, when its ride-hailing business declined.
In an earnings report on Tuesday, Lyft said it had 18,728 users during the fourth quarter, a 49 percent increase from a year earlier but a slight decrease from the third quarter.
While Lyft’s business was tied to coronavirus conditions in North America, Uber could experience other issues because it operates around the world, he added.
Rakoff adjourned for the day after Ms. Palin’s lawyer had questioned her for roughly 15 minutes, touching only on biographical points about her political career and life in Alaska.
The editorial, which lamented the nation’s increasingly heated political discourse, was written after the shooting at a congressional baseball team practice in June 2017 that left Representative Steve Scalise, Republican of Louisiana, gravely wounded.
No evidence was ever found that showed the Arizona gunman, Jared Lee Loughner, had any political motives.
Lawyers for Ms. Palin are arguing that The Times acted recklessly in writing and publishing the editorial — a claim they must prove to meet the legal bar the law sets for defamation cases — and then was slow to correct it.
Part of what accounted for his confusion, he said, was the fact that he thought an editorial writer, a fact checker and two other editors had also looked over the piece.
Ms. Palin’s lawyers also called to the stand Ross Douthat, a Times columnist who wrote to Mr. Bennet around 11 on the night the editorial was published expressing his “bafflement” at the reference to Ms. Palin.
Jefferson and a longtime government official and lawyer, Sarah Bloom Raskin — said they would “commit not to seek employment or compensation” from any financial services company after leaving the board, which oversees the largest banks.
Their promises came at the urging of Senator Elizabeth Warren, the Massachusetts Democrat who has criticized the so-called revolving door between government and finance.
During her confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs last week, senators questioned whether she had used her previous positions at the Fed and Treasury to help secure the account.
Ford Motor Company said it had shut down two Canadian plants and reduced production at another as of Wednesday afternoon.
Mr. Adams declined to specify which plants would be affected, but said Toyota and Honda together had six different facilities in the vicinity that depend on shipments across the bridge.
Both Toyota and Honda operate on just-in-time supply chains that deliver parts to factories as they are needed, giving them enough inventory to operate for about two days without new deliveries before production lines need to slow, he said.
“While we continue to ship our current engine inventory to support our U.S.
Companies have been looking at alternative crossing routes, like the Blue Water Bridge, which links Port Huron, Mich., and Sarnia, Ontario, to ferry their supplies.
“At some point, if there’s no entry or exit from Canada, there’s not much that can be done,” Mr. Blunt said.
The Federal Reserve Bank of Boston has selected Susan M.
Lisa Cook, a Michigan State University economist who is also a Black woman, has been nominated as a Fed governor but has yet to be confirmed.
Ms. Collins will start July 1, the Boston Fed said in its release, which will plunge her into the policy discussion at a challenging moment.
In a 2015 article in The Detroit Free Press, she noted that it was difficult to be both reactive to incoming economic data and completely predictable.
That could be relevant now, at a time when the Fed is trying to set policy against a virus-stricken and uncertain backdrop.
Ms. Collins was selected by directors on the Boston Fed’s board and approved by the Fed’s Board of Governors in Washington.
Disney’s theme parks also delivered blockbuster results in the three months that ended on Jan.
But some of the froth has evaporated as services have proliferated, making it harder for companies to meet growth expectations and resulting in overwhelmed consumers: Some of the thrill of having thousands of shows and films at one’s fingertips is gone.
Last month, Netflix said it had added 8.3 million subscribers in its most recent quarter, instead of the projected 8.5 million, and forecast a slowdown for the current quarter compared with a year earlier.
Mr. Nathanson added that Disney+ needed to offer more content for people who were not Marvel or “Star Wars” fans and who didn’t have children.
Bob Chapek, Disney’s chief executive, told analysts on a post-earnings conference call that the amount of “general entertainment” programming on Disney+ would increase.
When Disney+ was introduced in 2019, the company spent a lot of time worrying about whether certain boundary-pushing shows — ones geared toward older viewers — were appropriate to include.
“What we have seen time and time again is that the elasticity of Disney and its brand is much greater than we might have given it credit,” Mr. Chapek said on the conference call.
“The Book of Boba Fett,” a limited series set in the “Star Wars” universe, also began rolling out on Disney+ in December, with the company hoping to build on the momentum of “The Mandalorian,” one of the service’s top performers.
Disney said it had logged $4.7 billion in total streaming revenue in the most recent quarter, up 34 percent from a year earlier, in part because Hulu, which Disney owns with Comcast, raised subscription prices.
Operating profit at Disney Parks, Experiences and Products totaled $2.45 billion, compared with a loss of $119 million a year earlier, when some of Disney’s properties were closed because of the pandemic and others, including Walt Disney World, were capping daily attendance.
Higher prices at Disney parks also helped, as did the introduction of a digital tool, Genie+, that allows park visitors to drastically shorten ride wait times.
Christine M.
Underscoring the importance of streaming growth to Disney’s future: Operating profit from broadcast and cable television, the company’s largest division, totaled $1.5 billion in the quarter, a 13 percent decline from $1.7 billion a year earlier.
All told, Disney made $1.15 billion in profit in the quarter, compared with $29 million in the same quarter in 2020.
The proposals advanced on Wednesday would force private funds, including private-equity and hedge funds, to significantly increase their disclosures to the S.E.C.
Right now, there is a two-day window between when a trade is agreed upon between a buyer and a seller and when the money and the stock in question change hands.
“As the old saying goes, time is money,” Gary Gensler, the S.E.C.
To short a stock, a trader borrows shares from a broker for a fee and sells them immediately, expecting to buy them back when the share price falls, return them to the broker and pocket the difference.
Hedge fund traders who had bet that the shares of GameStop and AMC would fall scrambled to find shares of the two companies to cover their bets as the share prices rose instead.
The proposal would force traders and brokerages to identify, in as close to real time as possible, where the money and the stock shares were coming from to fulfill each trade.
Trimbath, that the government might have to support them with taxpayer money if they reach the brink of failure.
Shortening trade times would reduce the risk of that happening, so it would be good for taxpayers, she said.
The move, which affects Entertainment Weekly, InStyle, EatingWell, Health, Parents and People en Español, will lead to 200 job cuts, according to a memo sent to employees on Wednesday.
Dotdash Meredith also runs People, Better Homes & Gardens, Food & Wine and other publications that will remain in print.
“Today’s step is not a cost savings exercise and it is not about capturing synergies or any other acquisition jargon, it is about embracing the inevitable digital future for the affected brands,” he said in the memo.
When Entertainment Weekly debuted in 1990, critics doubted it would last, and even some employees started an office pool, betting on how many issues it could survive.
Avid readers of InStyle recounted how they maxed out credit cards subscribing to the fashion tome and hauled the magazine with them on moves.
The end of the print editions follows a now familiar industry trend: Many magazine companies are looking for ways to cut costs as the circulation of physical copies continues to drop and competition for advertising dollars becomes more fierce.
Chipotle rose 10.1 percent after the company reported on Tuesday that its revenue increased 22 percent, to $2 billion, in the latest quarter compared with the same period the year before.
CVS fell about 5.4 percent, even after the company reported stronger-than-expected earnings resulting from coronavirus testing and vaccinations.
Its rival Uber reported after the market closed that its revenue grew to $5.8 billion, an 83 percent increase from the same period a year ago.
Inflation is already accelerating at its fastest pace since 1982, and the data will be scrutinized in case it affects the Federal Reserve’s plans to raise interest rates this year in an effort to cool the economy down.
When closed, the deal will create one of the biggest media companies in the country, combining the assets of HBO, Warner Bros.
Discovery, the owner of Eurosport, is in advanced negotiations to expand its sports business in Britain.
Regulators are expected to give Microsoft’s proposed acquisition of Activision — the largest in Microsoft’s history — a tough review.
Mr. Smith and Mr. Nadella said they would commit to loosening restrictions on how other developers can gain access to Microsoft’s app stores.
The Microsoft executives acknowledged the steep challenge of getting their blockbuster deal approved in a time of increased scrutiny of big tech companies from the Biden administration.
Under her, the agency sued to block chip maker Nvidia’s acquisition of Arm and she has promised to be more aggressive in scrutinizing more mergers and acquisitions.
Congressional staff members started a unionization effort last week, noting that they are employed by politicians who say they support the labor movement.
Starbucks workers in California this week joined their counterparts in more than 50 locations in 19 states, pushing for union elections after the first company-owned store unionized in Buffalo, N.Y., at the end of last year.
Amazon faces another union vote at a warehouse in Alabama, after the National Labor Relations Board threw out the results, citing misconduct by the company.
Despite the recent efforts, union membership is still just above 10 percent of the U.S.
Law enforcement officials recovered 94,636 Bitcoin, valued at more than $3.6 billion, from a wallet belonging to Mr. Lichtenstein.
“In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions,” Lisa O.
Ms. Morgan in particular has built up an outsize public profile, writing for Forbes and Inc.
“We don’t need to go outside our area to reach a really nice and sustainable piece of profitability,” said Grant Moise, the president and publisher of The Dallas Morning News.