Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
Shareholders are accusing Tesla of improperly valuing the SolarCity deal, providing flawed analysis and misleading investors, among other things. Their allegations were...Technologyread more
Stocks were barely changed. American Express gained, but Netflix was a notable laggard.Marketsread more
The probe by the U.S. attorney's office of the Northern District of California is in its early stages, the Journal reported, citing people familiar with the matter.Health and Scienceread more
The fresh round of cuts is on top of an estimated 4,500 temporary layoffs GM and its suppliers handed out to employees as of Friday.Autosread more
Here are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.Marketsread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
(Adds details from the filing, background)
June 4 (Reuters) - The U.S. Internal Revenue Service is currently looking at Uber Technologies Inc's taxes for 2013 and 2014, and the ride-hailing company said it expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
Uber also said in a filing https://www.sec.gov/Archives/edgar/data/1543151/000162828019007524/0001628280-19 - 0 0 7 5 2 4 - i n d e x . h t m ) on Tuesday that various state and foreign tax authorities were looking into its taxes.
The company's shares, which closed up 2% on Monday, were down 1% in premarket trade.
Uber was the biggest of a group of Silicon Valley startups to go public this year against the backdrop of a global stock market sell-off sparked by renewed trade tensions between the United States and China.
In its first quarterly report as a public company last week, Uber reported a $1 billion loss as it spent heavily to build up its food delivery and freight businesses. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Shailesh Kuber, Bernard Orr)