Category: Finance News

May 8

MarketWatch First Take: Uber admits that ride-hailing is worth less because of coronavirus, but investors still think Uber is worth more

Uber Technologies Inc. admitted Thursday that the COVID-19 pandemic makes ride-hailing companies less valuable, but investors still added billions to Uber’s valuation anyway. Uber UBER, +11.17% reported a quarterly loss of nearly $3 billion Thursday afternoon, with roughly two-thirds of that loss resulting from a devaluation of its investments in Asian ride-hailing services Didi Chuxing […]
May 7

Earnings Results: PayPal and Square see trends improve in April, but Square has a longer road ahead

The COVID-19 outbreak is driving big shifts in how consumers think about payments, and that’s affecting PayPal Holdings Inc. and Square Inc. differently. Both companies highlighted March weakness in their earnings reports Wednesday, but their shares headed in opposite directions in after-hours trading, as only one of the two had an April for the record […]
May 7

The Moneyist: My son is staying with me, yet my financially irresponsible ex-husband received his $500 stimulus check. Is my ex right to keep it?

Dear Moneyist, My ex-husband and I are court-ordered to rotate the years we claim our child’s tax credits, even though my child lives with him for less than half of the year. He doesn’t pay any of our child’s expenses, such as sports and equipment and school lunches. I have to furnish everything for both […]
May 7

In One Chart: Trump: ‘I don’t want to be Mr. Doom and Gloom.’ Coronavirus deaths projected to surpass 100,000 in weeks as U.S. reopens

President Trump said it’s possible people will die by reopening the economy, but on Wednesday he reversed his position on disbanding the White House coronavirus task force, tweeting TWTR, -1.38% Wednesday that it won’t be shelved by the end of the month as previously suggested, including by Vice President Mike Pence just a day earlier. […]
May 6

Coronavirus is coming for the red states too

For months, the United States has been battling what has become the world’s largest and deadliest coronavirus outbreak. And for months, the U.S. has been telling itself a relatively simple, optimistic story about its struggle with the pathogen. The story goes like this:  Yes, things got bad. But mostly they got bad in big, crowded, […]