Bloomberg Uber Technologies Inc. isn’t required to report its finances publicly, but the privately held company has decided to forgo that luxury for the first time. Uber said its revenue growth is outpacing losses, hoping to show the business is on a strong trajectory as it attempts to address a recent cascade of scandals. The ride-hailing giant more than ...

  Bloomberg Apple Inc. will soon take its self-driving car software platform to public streets for the first time, a major step that gets the world’s largest technology company into a crowded race to reshape transportation. The California Department of Motor Vehicles granted clearance for trials of the autonomous driving technology on public roads, according to a notice on the ...

  Bloomberg US banks reporting their first profits under Donald Trump’s presidency are showing a split: Wall Street businesses are faring far better than some of those serving Main Street. The nation’s two biggest trading firms — JPMorgan Chase & Co. and Citigroup Inc. — posted surprisingly strong revenue from buying and selling securities in the first quarter, when political ...

  Bloomberg Credit Suisse Group AG leaders including Chief Executive Officer Tidjane Thiam offered to have their bonuses cut by 40 percent after a growing number of investor advisory groups opposed the packages ahead of this year’s annual meeting. Thiam and the executive board volunteered to shrink long-term incentive awards for 2017 and short-term incentive awards for 2016, according to ...

  The news media have been quick to note US President Donald Trump’s embrace of bombing in Syria and the need for NATO as reversals of the foreign policy he advocated on the stump. But he’s made another flip in the past week that’s just as consequential, and possibly more important for his future foreign policy. By asking China to ...

  Jeff Bezos. Masayoshi Son. Jack Ma. Mukesh Ambani. Some of the world’s richest people also happen to be combatants in the expensive war over the future of technology in India. Bezos’s Amazon.com Inc. and Indian rival Snapdeal, backed by Son, are spending billions of dollars to build e-commerce in India. Alibaba founder Ma has splurged on investments aimed at ...

US public companies are moving away from the traditional shareholders’ meeting, opting instead to interact with investors online. Sensible as this might seem in the internet age, it’s important to ensure that it becomes a way to improve — rather than stifle — communication. The annual general meeting is among the most hallowed institutions of American capitalism: an opportunity, once ...

  At least 94 IS fighters were killed in Afghanistan by “the mother of all bombs,” the largest non-nuclear weapon ever used in combat by the US military. The US strike using the Massive Ordnance Air Blast bomb, or MOAB, on a tunnel complex in remote eastern Nangarhar province near the Pakistan border killed four IS group leaders too. The ...

  Ronald A. Fisher, one of the fathers of modern statistics, reportedly got on the nerves of many of his contemporaries. But if there’s a reason we should be annoyed with Fisher today, it’s for coining the misleading term “statistical significance.” Those two words don’t necessarily mean that a finding is important or that an effect is big. It only ...

  In a country where government bailouts are common and with an alluring semiconductor unit that could net billions, Toshiba Corp. will probably stay in business even as it reels from record losses and the bankruptcy of its Westinghouse Electric nuclear energy unit. But a more pressing worry for investors is that with negative shareholder equity of 225.7 billion yen ...