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Uber profits slow down as riders take cheaperrides

Tuesday, July 23, 2019, 7:40 AM

Uber Technologies Inc.'s path to profit is likely to be slowed by growing-competition as a-significant-number of customers are willing to wait around for a-cheaper-ride, according to analysts at HSBC. The company, which went public in May, will need to fend-off "tough and persistent" rivals that cater to price-conscious consumers, Masha Kahn and Henning Cosman wrote as they initiated coverage of the stock with a-hold-rating.
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Samsung posts slowest profit growth in over a year

Tuesday, July 31, 2018, 7:58 AM

Samsung posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well. Operating profit for the world’s biggest chipmaker and smartphone maker rose 5.7% to 14.9 trillion won in the second-quarter, Samsung said in a regulatory filing, compared with 14.8 trillion won it had estimated.

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