Uber reaches income milestone as rides rebound, delivery grows

Uber Technologies Inc. achieved an important goal of profitability for the first time since its inception more than ten years ago, helped by a recovery in its entertainment business and the continued strength of its food delivery unit. The company reported an adjusted profit of $ 8 million before interest, taxes, depreciation and amortization for … Read more

Uber and Lyft thought prices would normalize now. Here’s why they are still high.

Americans who pay homage to an Uber or Lyft ride are still facing increased prices due to a shortage of drivers – the latest example of how a tight labor market costs consumers more while raising wages for workers. Uber Technologies Inc. and Lyft Inc. had expected most drivers to return to work after federal … Read more