In the first quarter of this year, Uber lost about $520 million before interest, taxes, depreciation and amortization, according to people familiar with the numbers. In the second quarter, the losses significantly exceeded $750 million, including a roughly $100 million shortfall in the United States, those people said.
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Investors questioned a plan by Silicon Valley heavyweight Elon Musk for his electric car company Tesla Motors to buy his rooftop solar company SolarCity for up to $2.8 billion, sending Tesla’s shares down more than 10 percent on concerns the two would not fit together and a deal would distract Tesla from making cars.
Ten years old. Two foreclosures. Vacant. The two-story home at 5450 Nickel Creek Trail near Sam Boyd stadium is in many ways reflective of Las Vegas’ housing boom and bust.
It’s a troublesome story playing out across America in the 10 years since the housing bubble burst: Homeowners are thriving while renters are struggling.
Are we back? A principal at Applied Analysis asked — and answered — his own question Thursday on the status of Nevada’s economy at an event sponsored by the Las Vegas Global Economic Alliance.
Nevada’s unemployment rate ticked up in May to a seasonally adjusted 6.1 percent when payrolls dropped by 3,800 from April, marking the largest monthly jobs decline since September 2010.
Tesla Motors Inc. has agreed to revise its customer repair agreements to allow owners to report potential safety issues to U.S. auto safety regulators, a government spokesman said on Friday
The Habit Burger Grill, an Irvine, California-based restaurant company, has opened its second Las Vegas location, at 4830 Blue Diamond Road.
Cushman & Wakefield on Friday announced the sale of four grocery-anchored, neighborhood shopping centers totaling 336,096 square feet in Henderson and North Las Vegas.
NAI Vegas, a real estate brokerage in Las Vegas, recently closed its latest sale in an all-cash transaction.
Union workers at a Northern Nevada cement plant have rejected a contract proposal from the company, a union representative said Friday.
Nevada is gradually regaining lost ground in private sector job growth.
Negotiating pay isn’t always a strong point for women, yet that skill has a big impact on a woman’s career. According to a 2015 Pew Research Center report, American women make approximately 84 percent of what their male counterparts earn.
Nevada has regained nearly all of the 175,000 jobs lost during the Great Recession and should fully recover later this year, a state economist told the Economic Forum on Thursday.
U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy’s health and complicating the Federal Reserve’s efforts to raise interest rates.
U.S. businesses added 173,000 jobs last month, lifted by strong gains in services industries, according to a private survey.
Sales of cars, trucks and SUVs fell 6 percent last month, to 1.54 million, according to AutoData Corp. It was the biggest monthly drop in nearly six years. The decline was unusual for May, a month when Americans typically buy cars ahead of summer road trips.
Tesla’s gigafactory under construction east of Reno will be put on display July 29 for some of the electric-car company’s customers.
University of Phoenix plans to open a first-of-its-kind innovation center at the Bank of America Plaza building at 300 S. Fourth St. in downtown Las Vegas.
Meadows Bank has announced it has obtained approvals from the Federal Deposit Insurance Corp. and the Nevada Financial Institutions Division to open its second branch in Reno.
The U.S. economy is showing signs of more life after a less-than-stellar start to the year.
The state’s attorney general on Tuesday sued Domino’s Pizza Inc., affiliates and three franchisees alleging they underpaid workers based on payroll reports generated by the parent company’s computer system.
Sales in the West, which have been volatile in recent months, rose 18.8 percent after plunging 15.2 percent in March.