Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
Something unusual is happening in financial markets and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
The Senate will try to reconcile its emergency border aid plan with one passed by Nancy Pelosi and House Democrats.Politicsread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends this week.Financeread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
Despite repeated stories about Uber drivers kidnapping passengers, refusing services to the blind, accidentally killing bystanders, the rich and fast-growing company has generally managed to avoid liability, saying its drivers are independent contractors and therefore the company isn't responsible for their behavior.
A lawyer for a client allegedly attacked by an Uber driver says he intends to test that defense thesis.
Roberto Chicas, a San Francisco bartender, was allegedly attacked with a hammer by an Uber driver after he disputed which route to take, according to a report in Forbes.
Chicas suffered a fractured skull and is in danger of losing his eye, according to his lawyer. His medical bills will run into the hundreds of thousands of dollars, and he intends to sue both the driver—who was arrested and is being held by San Francisco police—and Uber.
"There's no doubt that the trail of liability leads back to Uber's doorstep," Chicas' lawyer told Forbes. "We believe they should pay."
In response to the article, Uber said it has no liability when its drivers act negligently or criminally, noting they are technically independent contractors rather than employees, and that the company is a technology company not a transportation company. Its terms of service also say that passengers cannot hold the company liable for any harm done when taking an Uber ride.
Some experts told Forbes the independent contractor defense may not fly forever, and that the company might ultimately be found legally liable. Forbes has the full story.