The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
The findings suggest that UberX's entry into a city can decrease "uncessary ambulance usage" — which in turn could lead to a drop in wait times for ambulances, according to the study's authors.
And it also could provide financial savings for patients, since a trip using Uber costs much less than the typical ambulance ride, a paper on the study noted.
The research was conducted by David Slusky, a University of Kansas economics professor, and Dr. Leon Moskatel of Scripps Mercy Hospital in San Diego.
Slusky and Moskatel looked at what happened to ambulance usage rates from 2013 to 2015 as the ride-hailing service UberX was rolled out into nearly 800 cities in 43 states.
Before UberX was introduced into a given city, the rate of ambulance usage among residents tended to be fairly constant, according to the authors.
But after Uber was introduced, the authors found "at least a 7 percent decrease in the ambulance rate."
"This decrease likely caused a reduction in wait time for the remaining ambulance volume," they wrote.
"Given that even a reduction of a few minutes can drastically improve survival rates for serious conditions ... this could be associated with substantial welfare improvement."
Earlier this year, the authors noted, separate research found that since the the introduction of the Affordable Care Act, ambulance response times had slowed by 19 percent. Obamacare, as the ACA is formally known, led to the expansion of health coverage to about 20 million Americans.
The authors also noted: "Emergency medical transport in an ambulance can easily exceed over a thousand dollars, usually with great surprise to the patient — and with insurance often only partially covering the expense or outright refusing to pay for transport deemed not medically necessary."