Funding & Business
Uber Really Did Flip the Profitability Switch
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
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For me, it’s been a week of chatting about the miseries of UK equities. First, I filmed a bit on the subject of the collapsing initial public offerings market. And it’s been quite some collapse: Between 2004 and 2012, saysPeel Hunt, the number of listed companies in the UK fell by around 40%.
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The Trump administration asked a federal court to cancel the approval of a $6 billion wind project planned off the coast of Maryland as part of a wider effort to halt the development of the offshore clean- energy resource.
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Australian Treasurer Jim Chalmers spoke to ANZ Group Holdings Ltd.’s boss Nuno Matos on Tuesday about the bank’s plan to cut thousands of jobs, the Australian reported.
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