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Uber published the prospectus yesterday for its long-awaited I.P.O., revealing the full scale of its ride-hailing empire — and potential warning signs for what is expected to be the biggest market debut in years.
The main revelations:
• .8 billion in losses last year, excluding gains from selling parts of its businesses in Southeast Asia and Russia.
• .3 billion in overall revenue.
• 91 million monthly users, including services like food delivery and shared scooter and bike rentals.
• Its biggest shareholders include SoftBank of Japan and its co-founder and former C.E.O., Travis Kalanick.
Growth is slowing. In 2018, revenue rose 42 percent from a year earlier. It had doubled the year before. And revenue from ride-hailing, its biggest business, was roughly flat for the last six months of 2018. Growth in monthly users also appears to be slowing.
That could be a concern for investors who had hoped Uber would maintain a meteoric growth rate. A potential 0 billion valuation may be lower than expectations, but Lex points out that it’s still a rich number.
More: How Uber stacks up against Lyft. What Uber’s metrics like “core platform contribution margin” actually mean. And Uber executives stand to make huge bonuses from a big I.P.O. — its drivers, not so much.
Chevron said this morning that it planned to acquire Anadarko, the oil and gas producer, in what would be one of the biggest deals in the industry in years.
• Under the terms of the deal, Chevron would pay a share in stock and cash. That is 39 percent above where Anadarko’s stock closed yesterday.
• Including Anadarko’s debt, the transaction is valued at billion.
• Anadarko would give Chevron a huge presence in the Permian Basin in West Texas, one of the most valuable oil-producing areas in the U.S. It would also strengthen Chevron’s liquid natural gas reserves.
If completed, the deal would be Chevron’s biggest since its billion takeover of Texaco, which closed in 2001.
The deal comes as oil prices have risen over the past six weeks after a reduction in supply by OPEC members. Futures for West Texas Intermediate crude reached .19 per barrel this morning, up 61 cents from their last closing price, according to Reuters.
In Amazon’s annual letter to its shareholders, Jeff Bezos shared insights about the financial performance of his e-commerce behemoth.
“Third-party sellers are kicking our first-party butt. Badly,” Mr. Bezos wrote. Third-party sales on Amazon increased to 0 billion in 2018 from 0 million in 1999 — a compound annual growth rate of 52 percent. Amazon’s first-party sales rose to 7 billion from .6 billion in the same period, a growth rate of 25 percent.
Growth in Amazon’s total merchandise sales is slowing, according to calculations by Shira Ovide of Bloomberg Opinion. She writes that the company sold 0 billion worth of merchandise in 2018, up 19 percent from the previous year. But annual increases for that metric were 24 percent for 2017 and 27 percent for 2016.
“It’s unfair to expect Amazon to grow like a start-up forever. But it’s not insignificant that this slowdown has come even as Amazon has attempted to flex more muscle in newer categories,” Ms. Ovide writes. “It doesn’t seem like a coincidence that this comes as its legacy retail competitors finally seem to have awakened and adapted to the e-commerce era.”
More: Mr. Bezos also dared retail rivals to raise their minimum wages. A Walmart executive shot back by asking Amazon to pay taxes.
Four Republican senators said that they would not back Mr. Cain should President Trump nominate him as a Fed governor. That’s probably enough opposition to stop him from joining the central bank.
“If I had to vote today, I would vote no,” Senator Kevin Cramer of North Dakota said yesterday, joining Mitt Romney of Utah, Lisa Murkowski of Alaska and Cory Gardner of Colorado in opposing Mr. Cain. They appear to have concerns about his qualifications and partisanship.
Because Republicans hold only 53 Senate seats, a confirmation would require support from Democrats. That seems unlikely, given Mr. Cain’s frequent attacks on opposition lawmakers.
It’s unclear whether Mr. Trump’s other pick for the Fed, the economics commentator Stephen Moore, will fare better. Mr. Moore has been embarrassed by revelations of tax problems, but Jim Tankersley of the NYT reports that he may win wider support from Senate Republicans.
Mr. Trump’s efforts to politicize the Fed continue to outrage commentators. The Economist is worried that “the Fed will become a political weapon, and that America will move closer to becoming a nation where the welfare of the ruling party trumps that of the country as a whole.”
As part of trade negotiations with America, China has offered new concessions on access in the cloud-computing sector for U.S. tech companies, the WSJ reports.
• China is “proposing to issue more licenses that businesses need to operate data centers and to lift the 50 percent equity cap that limits ownership for certain foreign cloud-service providers,” according to unidentified sources.
• “Amazon, Microsoft, Apple and others have invested millions of dollars or more to provide cloud services in China, but are hampered by regulations. Better access would potentially allow them to enlarge their presence.”
• “Questions still remain over the details of the latest Chinese proposal, the people said, such as how quickly the equity caps would be removed, and whether the removal would be confined to certain geographical areas, such as a free-trade zone.”
Both Washington and Beijing are offering a final round of concessions, hoping they will lead to an agreement. President Trump said last week that he expected to reach a deal within the next four weeks.
The owner of The National Enquirer may have found a potential buyer: Ron Burkle, the supermarket mogul, the NYT reports.
Mr. Burkle is known for buying distressed companies, having made his fortune through buying and merging supermarket chains like Ralphs and Jurgensen’s. He’s also known for hobnobbing with celebrities like Leonardo DiCaprio and Madonna.
He’s also a big donor to the Democratic Party, and was close to President Bill Clinton. That would make his owning The Enquirer, the tabloid favored by Mr. Trump, unusual. (He is also friends with Mr. Trump.)
But leaks of the Enquirer talks may scuttle a deal. After the NYT reported on the discussions, a spokesman for Mr. Burkle’s private equity firm said that the investor wasn’t in talks to buy the publication. The NYT reports that Mr. Burkle’s team felt “used” by American Media Inc., the tabloid’s current owner.
The WikiLeaks founder was arrested yesterday in London to face a charge in the U.S. of conspiring to hack into a Pentagon computer network in 2010, the NYT reports.
• “The Ecuadorean government suspended the citizenship it had granted Mr. Assange and evicted him on Thursday, clearing the way for his arrest.”
• “At a court hearing, a judge swiftly found him guilty of jumping bail, and he was detained partly in connection with an American extradition warrant.”
• “Mr. Assange indicated that he would fight extradition, and legal experts said that process could take years. He is likely to argue that the case is politically motivated.”
The events brought to a head issues about press freedom. Mr. Assange’s work with WikiLeaks — obtaining and publishing information that officials would prefer be kept secret — are hard to legally distinguish from journalism. Some fear that journalists could be treated in a similar way.
Mr. Assange was indicted on a charge of hacking, not publishing secrets. But people who are worried about press freedom shouldn’t necessarily rest easy, Charlie Savage of the NYT writes.
More: President Trump once claimed to “love WikiLeaks.” Yesterday, he said: “I know nothing about WikiLeaks. It’s not my thing.”
The dust has settled on the agreement to delay Britain’s withdrawal from the E.U. for at least six months. But reactions to the situation have been mixed.
Business are unhappy. For many larger companies, Brexit has already happened. But “businesses of all sizes are still pleading for Parliament to give them clarity before the economy slows,” Amie Tsang of the NYT writes.
Economists are pleased. The I.M.F.’s managing director, Christine Lagarde, said that the new Brexit date meant that Britain would avoid — for now — the “terrible outcome” of a no-deal departure. The Bank of England governor, Mark Carney, said the delay would make a no-deal exit less disruptive.
And Prime Minister Theresa May is pushing on. She has “renewed her effort to push through her Brexit deal with the aid of the opposition Labour Party, in a desperate bid to avoid holding European parliamentary elections in a month’s time,” according to the FT.
Bob Iger said yesterday that he would retire as Walt Disney’s C.E.O. in 2021.
Jamie Forese, the head of Citigroup’s investment bank and a potential successor to Mike Corbat as C.E.O., is stepping down.
Google’s chief diversity officer, Danielle Brown, is leaving to become the human resources chief at Gusto.
Maryanne Trump Barry, a federal appellate judge in Philadelphia and the sister of President Trump, has retired amid a civil misconduct investigation.
Blackstone has appointed Kelly Ayotte, a former Republican senator for New Hampshire, to its board.
• J. Crew may spin off its popular Madewell brand to raise much-needed capital. (NYT)
• Jay Alix, the corporate restructuring veteran, is leading a fight against what he says is McKinsey & Company’s control of the U.S. bankruptcy system. (NYT)
• A bidder for Disney’s sports networks has accused Charter Communications of trying to subvert the auction process. (WSJ)
• Goldman Sachs is trying to revive its once-dominant trading division by offering clients technology and new services like cash management. (FT)
Politics and policy
• Senator Elizabeth Warren proposed a 7 percent tax on corporate profits above 0 million, which would raise an estimated trillion over the next decade. (Bloomberg)
• The Senate confirmed David Bernhardt, a former oil lobbyist, as the interior department secretary, despite Democratic lawmakers’ concerns. (NYT)
• A third of economists think even a small increase in the federal minimum wage would lead to job losses, according to a survey. (WSJ)
• A grand jury indicted Gregory Craig, a White House counsel in the Obama administration, over his work for Ukraine. (NYT)
• Families planning to sue Boeing in the U.S. over fatal crashes in Indonesia and Ethiopia must first prove their lawsuits belong in America. (WSJ)
• The C.E.O., Dennis Muilenberg, said that fixes planned for the 737 Max jets would make them “even safer.” (WSJ)
• Before the Ethiopian Airlines crash, Boeing had said that the 737 Max 8 was “not suitable” for some airports. (Bloomberg)
• Disney introduced its streaming service, Disney Plus. Featuring original content from Marvel and all 30 seasons of “The Simpsons,” it will cost a month, undercutting Netflix. (NYT)
• SpaceX launched the Falcon Heavy — the most powerful rocket in operation — for the second time. It also successfully landed all three of its boosters for the first time. Related: What’s next for the space race. (NYT, WSJ)
• Tesla reshuffled the vehicle lineup on its online ordering system, making it harder to buy its cheapest vehicle. Also: Tesla and Panasonic have tempered expansion plans for their huge battery factory. (Bloomberg)
• What’s Big Tech’s relationship with the climate? It’s complicated. (Axios)
Best of the rest
• Economists said that they see the Fed holding rates steady at least through 2021, according to a survey. (WSJ)
• The new World Bank president, David Malpass, says there is too much debt in the world. (CNBC)
• A defense lawyer for Carlos Ghosn says that detention is worsening his kidney condition. (WSJ)
• Sales reps for Purdue Pharma visited New York State doctors a half-million times between 2006 and 2017 to promote OxyContin, according to newly filed court documents. (NYT)
• Michael Avenatti, already facing fraud and extortion charges, has also been accused of stealing from clients and of lying repeatedly about his income. (NYT)
• “Game of Thrones” returns on Sunday. Here’s how it changed television. (FT)
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2019年精准六肖不改网址【这】【本】【书】【成】【绩】【还】【是】【可】【以】【的】，【至】【少】【精】【品】【了】，【这】【首】【先】【要】【感】【谢】【读】【者】【大】【大】【们】【的】【订】【阅】！ 【作】【者】【也】【知】【道】【结】【局】【有】【些】【烂】，【可】【也】【没】【办】【法】，【地】【球】【篇】【已】【经】【写】【的】【心】【惊】【胆】【战】，**【要】【到】【了】，【大】【环】【境】【如】【此】。 【三】【天】【两】【头】【被】【屏】【蔽】，【星】【际】【篇】【根】【本】【没】【办】【法】【写】，【河】【蟹】【大】【军】【太】【厉】【害】【了】。 【这】【不】【能】【写】，【那】【不】【能】【写】，【还】【要】【求】【个】【人】【武】【力】【不】【能】【超】【过】**，【什】【么】【东】【西】【都】【要】【上】
【薛】【蘅】【带】【着】【下】【人】，【领】【着】【席】【管】【家】【和】【车】【微】【到】【了】【最】【近】【的】【一】【间】【茶】【楼】。 【茶】【楼】【的】【掌】【柜】【见】【过】【薛】【蘅】，【看】【见】【薛】【蘅】【来】【到】【他】【的】【茶】【楼】【饮】【茶】，【顿】【时】【感】【觉】【有】【种】【荣】【耀】【感】，【直】【接】【将】【最】【好】【的】【包】【厢】【打】【开】【了】。 “【几】【位】【慢】【用】，【有】【何】【吩】【咐】【告】【知】【小】【的】【便】【可】”【掌】【柜】【的】【将】【姿】【态】【放】【的】【很】【低】，【说】【完】【便】【关】【上】【了】【房】【门】，【还】【吩】【咐】【小】【厮】【严】【禁】【任】【何】【人】【的】【打】【扰】。 【薛】【蘅】【把】【玩】【着】【茶】【盖】【并】【未】【说】
【林】【聪】【听】【到】【他】【家】【主】【子】【说】【要】【带】【着】【主】【使】【者】【去】【见】【老】【爷】【子】，【顿】【时】【不】【由】【的】【心】【疼】【苏】【可】【可】，【少】【夫】【人】【这】【下】【要】【倒】【霉】【了】，【他】【家】【主】【子】【可】【不】【是】【吃】【素】【的】。 【果】【然】，【在】【霍】【宝】【和】【霍】【楠】【楠】【出】【现】【不】【到】【两】【个】【小】【时】【后】，【苏】【可】【可】【被】【霍】【靳】【南】【逮】【住】【了】。 “【老】【婆】，【去】【阴】【间】【走】【一】【遭】【的】【感】【觉】【如】【何】？” 【在】【看】【到】【他】【心】【爱】【的】【小】【媳】【妇】【的】【一】【刻】，【霍】【靳】【南】【真】【恨】【不】【得】【上】【去】【咬】【死】【她】【媳】【妇】，【若】
【第】【四】【百】【八】【十】【章】【瓶】【儿】【身】【世】 【上】【官】【大】【人】【淡】【淡】【道】，“【这】【三】【十】【个】【弟】【兄】【一】【个】【都】【不】【会】【有】【事】。【我】【之】【所】【以】【如】【此】【安】【排】，【只】【是】【为】【了】【防】【止】【有】【人】【上】【山】【去】【青】【云】【观】【而】【已】，【按】【理】【来】【说】【他】【们】【除】【了】【这】【七】【个】，【不】【会】【再】【有】【人】【活】【着】【了】。【你】【还】【不】【错】，【歇】【着】【去】【吧】。” 【此】【时】【那】【七】【人】【中】【一】【个】【青】【衣】【人】【披】【散】【长】【发】，【盯】【着】【那】【上】【官】【大】【人】，“【上】【官】【无】【名】！” 【上】【官】【无】【名】【面】【色】【平】【淡】，2019年精准六肖不改网址“【古】【族】？” 【许】【织】【梦】【神】【色】【有】【些】【呆】【滞】，【下】【意】【识】【地】【去】【接】【少】【年】【的】【话】。 【秦】【翎】【面】【色】【不】【变】，【习】【惯】【性】【地】【瞥】【了】【眼】【旁】【边】【的】【男】【人】。 【他】【似】【乎】【并】【不】【在】【意】【自】【己】【在】【男】【人】【面】【前】【暴】【露】【的】【太】【多】。 “【我】【是】【古】【族】【其】【中】【的】【一】【脉】，【我】【们】【那】【一】【脉】【的】【人】【如】【你】【虽】【说】【都】【有】【主】【辅】【两】【人】【格】。” “【在】【十】【九】【岁】【之】【前】，【两】【种】【人】【格】【都】【会】【互】【相】【争】【斗】【主】【权】，【然】【后】【固】【定】【下】【来】，【活】【下】
【另】【一】【个】【房】【间】。 【南】【宫】【瑶】【穿】【了】【一】【件】【粉】【紫】【色】【的】【衣】【裙】，【略】【施】【粉】【黛】，【容】【颜】【较】【之】【素】【日】【清】【丽】【不】【少】，【不】【难】【看】【出】【是】【精】【心】【打】【扮】【了】【一】【番】。【她】【坐】【在】【椅】【子】【上】【慢】【悠】【悠】【地】【品】【着】【茶】，【眉】【梢】【眼】【角】【都】【是】【带】【着】【得】【意】【的】【浅】【笑】。 “【叩】【叩】【叩】！” 【外】【面】【传】【来】【了】【敲】【门】【声】。 “【进】【来】。”【南】【宫】【瑶】【放】【下】【了】【茶】【杯】。 【推】【开】【门】【进】【来】【的】【正】【是】【刚】【才】【为】【连】【兮】【二】【人】【带】【路】【的】【小】【宫】【女】
【河】【锦】【知】【道】【这】【是】【妖】【黛】【的】【规】【矩】，【便】【不】【打】【算】【强】【人】【所】【难】。 【他】【平】【静】【地】【吩】【咐】【到】：“【长】【风】、【无】【夜】，【你】【们】【两】【个】【退】【到】【山】【脚】【下】【等】【我】。【事】【情】【办】【完】，【我】【找】【你】【们】【汇】【合】，【一】【同】【回】【去】。” “【殿】【下】，【你】【一】【人】【上】【去】，【万】【一】【有】【危】【险】【怎】【么】【办】？【长】【风】【绝】【不】【能】【让】【你】【一】【人】【去】【冒】【险】，【要】【上】【山】【一】【起】【上】，【要】【下】【山】【一】【起】【下】。【何】【况】” 【长】【风】【不】【同】【意】【河】【锦】【独】【自】【一】