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December 20, 2025
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Report: Uber lobbied, used ‘stealth’ tech to block scrutiny

The Cheap Investor3 years ago3 years ago03 mins

WASHINGTON (AP) — As Uber aggressively pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws, used a “kill switch” to thwart regulators and law enforcement, channeled money through Bermuda and other tax havens and considered portraying violence against its drivers as a way to gain public…

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Chinese bank depositors face police in angry protest

The Cheap Investor3 years ago3 years ago04 mins

BEIJING (AP) — A large crowd of angry Chinese bank depositors faced off with police Sunday, some roughed up as they were taken away, in a case that has drawn attention because of earlier attempts to use a COVID-19 tracking app to prevent them from mobilizing. Hundreds of people held up banners and chanted slogans…

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Crypto plunge is cautionary tale for public pension funds

The Cheap Investor3 years ago3 years ago07 mins

MINNEAPOLIS (AP) — When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies, with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned. Harris, 62, has attended the funerals of 34 firefighters killed in the line of duty. He was already worried about his pension after…

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NHTSA to investigate Florida Tesla crash that killed 2

The Cheap Investor3 years ago3 years ago01 mins

DETROIT (AP) — The U.S. government’s auto safety watchdog is sending investigators to another Tesla crash, this time one that killed two people along Interstate 75 in Florida. The National Highway Traffic Safety Administration confirmed Friday that it sent a Special Crash Investigations team to probe the Wednesday crash into the back of a semi-trailer…

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Musk abandons deal to buy Twitter; company says it will sue

The Cheap Investor3 years ago3 years ago06 mins

Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal. The likely unraveling of the acquisition was just the latest…

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Sri Lanka imposes curfew as cops fire tear gas at protesters

The Cheap Investor3 years ago3 years ago04 mins

COLOMBO, Sri Lanka (AP) — Police imposed a curfew in Sri Lanka’s capital and surrounding areas on Friday, a day before a planned protest demanding the resignations of the country’s president and prime minister because of the economic crisis that has caused severe shortages of essential goods and disrupted people’s livelihoods. Hours before the curfew…

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EXPLAINER: 5 key takeaways from the June jobs report

The Cheap Investor3 years ago3 years ago05 mins

WASHINGTON (AP) — Inflation is raging. The stock market is tumbling and interest rates rising. American consumers are depressed and angry. Economists warn of potentially dark times ahead. But employers? They just keep hiring. The Labor Department reported Friday that America’s dinged and dented economy managed to add a vigorous 372,000 jobs in June, well…

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New pipeline from Greece to Bulgaria offsets Russian gas cut

The Cheap Investor3 years ago3 years ago02 mins

ATHENS, Greece (AP) — The leaders of Greece and Bulgaria on Friday inaugurated a new pipeline that will supply natural gas from Azerbaijan to Bulgaria, whose vital supply of Russian gas was cut off in April amid the fallout over Russia’s invasion of Ukraine. Greek Prime Minister Kyriakos Mitsotakis stressed the importance of the new…

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UK Labour leaders cleared over ‘beergate’ meal with team

The Cheap Investor3 years ago3 years ago02 mins

LONDON (AP) — Police in England said Friday they won’t fine the two top leaders of the U.K.’s opposition Labour Party over a curry-and-beer meal with colleagues last year while Britain was under coronavirus restrictions. The local police force in the city of Durham said that following an investigation, it “will not be issuing any…

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German energy giant Uniper asks for bailout amid Ukraine war

The Cheap Investor3 years ago3 years ago02 mins

BERLIN (AP) — German Chancellor Olaf Scholz pledged Friday to help troubled energy giant Uniper after it asked the government for a bailout to cope with surging prices for natural gas due to the war in Ukraine. In a statement, Uniper said the “stabilization measures” it is seeking were “aimed at ceasing the current accumulation…

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