Updated May 11, 2018 11:27:55Uber has doubled its revenue and profit this year, despite facing new competition and increasing competition from rival ride-hailing company Lyft, according to the latest quarter financial results.The ride-sharing company reported a record fourth-quarter profit of $US7.4 billion ($8.1 billion), up 12 per cent from a year earlier.Uber’s share price rose …
When Wal-Mart’s stock drops, Walmart stockholders suffer
By JAMES WALMART, CBS NEWS/APW 2.The stock market is down, but not for the reasons you might expect.The Dow Jones Industrial Average has plunged more than 1,100 points since the beginning of the year.In that time, the S&P 500 has plunged nearly 4,100.The Nasdaq is down 2,000.And the Nasdaq Composite has plummeted more than 6,000 …