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Uber’s newest features could help you spend less on each ride or grocery order — particularly if you use the app frequently.The ride-hailing and delivery app unveiled multiple budget-focused offerings at its annual Go-Get conference, from a tool that finds cheaper groceries to a new kind of shared ride aimed at commuters that focuses on the busiest streets in an area.With the features, Uber wants to make “things a little easier, a little more predictable, and above all, a lot more affordable” for users, CEO Dara Khosrowshahi said at the conference Wednesday. The price-conscious features come as Uber tries to…

Alexis Ohanian, Principal Owner, Angel City Football Club & Los Angeles Golf Club, looks on during a conversation with Olympic sprinter Gabby Thomas during the Business of Women Sport Summit presented by Deep Blue Sports and Axios at Chelsea Factory on April 23, 2024 in New York City. Elsa | Getty ImagesReddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of the most-valuable teams in women’s sports.The founder of venture capital firm Seven Seven Six and husband of tennis legend Serena Williams paid 20 million pounds for a 10% stake…

The internet is making fun of Max for changing its name to HBO Max (for the second time). But no one is mocking the re-rebrand with as much gusto as Max itself.The company is poking fun at the switch by posting conclave references on TikTok, Harry Potter memes on Instagram, and teasing X on the social platform.The self-deprecation is not limited to Max’s main accounts. An Instagram page for the HBO show, “Curb Your Enthusiasm,” also chimed in, for example. Max’s social team is going all out with the jokes because it probably knows that backpedaling to an earlier name…

The American Institute of CPAs is worried about a provision in the tax reconciliation bill that would limit the deductibility of state and local taxes paid by partnerships such as accounting firms. The legislation, which was approved early Tuesday morning by Republicans on the House Ways and Means Committee after an overnight markup, eases some of the existing disparities from the Tax Cuts and Jobs Act on claiming the Section 199A Qualified Business Income deduction, known as the “specified service trade or business” limitation. It applies to accounting firms, as well as law firms, consultancies and other types of businesses that…

Running a multibillion-dollar company often requires lots of early mornings. For Airbnb CEO Brian Chesky, however, much of his work gets done late at night.The 43-year-old is leading his company through a major redesign that enables users to book services on Airbnb in addition to stays. Chesky spent his Thanksgiving holiday weekend working on a 10,000-word plan to bring his vision to life and revising it to 1,500 words over the span of a few days, he recently told Wired.There’s a good chance that the plan came together at least partly in the late hours of the night. The billionaire…

Some Republicans speak out against proposed Medicaid cuts – CBS News Watch CBS News House Republican lawmakers are making progress in advancing President Trump’s nearly $4 billion budget package. The bill includes cuts to Medicaid that have drawn criticism from members of the president’s party. CBS News congressional reporter Taurean Small has more. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Investors are celebrating easing trade tensions between the US and China this week, but one former central banker warns that it could derail monetary policy.To Bill Dudley, the former president of the New York Federal Reserve, this week’s tariff de-escalation could create more headaches for the Fed, and cause it to mistime interest rate cuts.If officials wait too long and the economy stumbles into a recession, this would force them to cut rates by 200 to 300 basis points, he wrote in Bloomberg. And yet, the latest trade deal, which dials back tariffs for 90 days, could compel the Fed…

The logo for consumer lending firm Capital One Financial Corp. is seen on its headquarters in McLean, Virginia, on Jan. 20. 2023.Win Mcnamee | Getty Images News | Getty ImagesNew York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of “cheating” customers out of millions of dollars in interest payments, just months after the Trump administration’s Consumer Financial Protection Bureau dropped a similar suit against the financial institution.In a complaint filed in Manhattan federal court, James alleged that Capital One marketed its “360 Savings” account as its high-yield savings account, then left those customers in the…

Where House Republicans remain at odds over Trump’s budget bill – CBS News Watch CBS News It took the House Ways and Means Committee 17 hours to advance the tax portion of President Trump’s economic agenda along party lines, but Republicans remain divided. CBS News political correspondent Caitlin Huey-Burns reports. Then, GOP Rep. Mike Lawler of New York joins to discuss his stance on deductions for state and local taxes. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

On Sunday, the toy maker Hasbro was preparing big changes to contend with triple-digit tariffs on Chinese imports.By Monday, all of those calculations were different.Gina Goetter, Hasbro’s Chief Financial Officer and Chief Operating Officer, said that President Donald Trump’s decision to temporarily lower tariffs on China from 145% to 30% drastically altered the company’s plans. She called the announcement a “pleasant surprise” at JP Morgan’s Technology, Media, and Communications Conference. “A 30% world is very different from a 145 on how we’re treating decisions like pricing, how we’re treating allowances, how we’re working with our retailers on promotions,” Goetter said…