Uber CEO believes profitability not critical to launching IPO

Uber CEO believes profitability not critical to launching IPO
Dara Khosrowshahi took over as chief executive officer of Uber in 2017 following the ouster of founder Travis Kalanick. Uber Technologies Inc.’s Chief Executive Dara Khosrowshahi on Monday confirmed that the ridesharing company’s initial public offering is likely to take place in 2019 as originally planned even if its profitability does not improve by then. Khosrowshahi said he doesn’t believe... Read More

MarketWatch First Take: Is Netflix stock falling down a mountain, or just tripping over a molehill?

MarketWatch First Take: Is Netflix stock falling down a mountain, or just tripping over a molehill?
After four consecutive quarters of subscriber growth that soared past forecasts, Netflix Inc. did not live up to expectations with a report Monday that slammed the stock on fears that subscriber growth may have peaked. The streaming media giant reported disappointing second quarter results and a weaker than expected outlook after markets closed Monday. Netflix NFLX, +1.18%  disclosed about 1... Read More

How to make money producing on Broadway

How to make money producing on Broadway
If every great Broadway show is thrillingly unpredictable, the same can also be said for investing in theater productions. Theater backer Jim Freydberg headed a team of investors who put in $500,000 in “The Phantom of the Opera” when it opened on Broadway in 1988. He has earned an estimated $15 million profit from the show and is fond of... Read More

Netflix stock slammed after earnings, as subscriber growth and revenue fall short

Netflix stock slammed after earnings, as subscriber growth and revenue fall short
Netflix Inc. posted weaker-than-expected second-quarter revenue and subscriber numbers Monday afternoon, sending its stock into a sharp dive during after-hours trading. Netflix NFLX, +1.18% shares fell about 14% in the extended session after the Los Gatos, Calif-based company announced it added 5.2 million streaming users in the second quarter, a substantial drop from the 6.2 million estimate the company provided... Read More

The Wall Street Journal: Uber faces federal investigation over alleged gender discrimination

The Wall Street Journal: Uber faces federal investigation over alleged gender discrimination
Uber Technologies Inc. is being investigated by the U.S. Equal Employment Opportunity Commission over a complaint about gender inequity, say people familiar with the matter, one of a series of federal probes of the ride hailing giant. As part of the EEOC probe, which began last August but hasn’t been previously reported, EEOC investigators have been interviewing former and current... Read More

People on food stamps may no longer be able to shop at farmers’ markets

People on food stamps may no longer be able to shop at farmers’ markets
Squabbles over a government contract may prevent low-income families from having easy access to farm-fresh fruits and vegetables. At issue: The ability of low-income Americans on government assistance to use their Electronic Benefit Transfer (EBT) cards to buy food at farmers’ markets. Farmers’ markets have to be equipped to accept the EBT cards. If markets are not able to operate... Read More

Personal Finance Daily: Diamonds on demand and what not to buy on Amazon Prime Day

Personal Finance Daily: Diamonds on demand and what not to buy on Amazon Prime Day
We hope you had nice Mondays, MarketWatchers! Here are your top stories in personal finance. Personal Finance Your Amazon Echo could make you spend more (and not just on Prime Day) Half of Amazon’s shoppers are expected to have an Alexa device following two-day sales event. Whistleblower earns $30 million, but does money really make tipsters come forward? The payout... Read More

The Wall Street Journal: Johnny Depp settles $25 million lawsuit against former business managers

The Wall Street Journal: Johnny Depp settles $25 million lawsuit against former business managers
Johnny Depp has settled a bitter legal dispute with his former business managers, the actor said Monday, a move that allows him to avoid a public and potentially embarrassing trial over how he has lost much of his Hollywood fortune. Depp and the Management Group, which handled his finances between 1999 and 2016, arrived at a confidential settlement over the... Read More