Alex Chan

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Uber is losing more money than it's making

A financial document intended for investors shows that Uber generated operating losses of $470m on net revenues of $415m<p>Uber is working on a funding round that could push it ahead of Xiaomi to become the highest valued venture capital-backed company in the world.<p>The ride-hailing app has raised …

How a Couple Paid Off Their Mortgage in 7 Years

The idea behind paying off a loan faster than scheduled is pretty simple: It saves you money. That's a huge part of the reason Andrea Stewart and Jerimiah Honer decided to repay their 30-year mortgage in just seven years -- by doing so, they saved more than $130,000 in interest. Now the couple have …

Technology and The Evolution of Storytelling

by John Lasseter<p>It is such an exciting time to be a filmmaker.<p>I do not believe the notion that the cinema is dying or dead because it’s amazing what …

What's the Difference Between an Index Fund, an ETF, and a Mutual Fund?

Q: What is the difference between index funds, ETFs, and mutual funds? -- Gary A: An easy way to think about it is this: Exchange-traded…<p><b>Q: What is</b> …

The 10 most important things in the world right now

<b>1</b><b>.</b> European Commission President Jean-Claude Juncker offered Greece a last-minute bailout deal before a major debt payment is due Tuesday, though it's not clear if Prime Minister Alexis Tsipras will accept the terms.<p><b>2.</b> Greece will likely default on its €1.6 billion (£1.14 billion, $1.79 billion) …

International Monetary Fund

Five key decisions that will decide Greece's fate

1: Debt repayments, 11pm Tuesday<p>Greece managed to put off big payments due to the IMF this month by bundling them together. But time runs out at 11pm BST, when June’s grand total of €1.6bn is due. Greece does not have the money to cover the payment, and that may well mean it defaults on its debt. …

Ocado revealed the secret behind its sales surge

The <b>big deal</b> is the group's continuing rise in sales and expansion of its customer base. It is also racking up massive revenue growth and creating a whole heap of technology that it can hive off and sell on to other businesses should it wish.<p>New customer growth rose by 30% year-on-year, bringing its …

eCommerce

10 things you need to know in markets today

<b>The EU has made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires later today.</b> Under the offer, Greek Prime Minister Alexis Tsipras has to send a written acceptance in time for an emergency meeting of the eurozone finance ministers to be held, and agree …

Europe

New York City Just Froze Rent on One-Year Leases for the First Time Ever

For the first time in its 46-year history, New York City’s Rent Guidelines Board voted on June 29 to freeze rent on one-year leases and to limit …

10 things in tech you need to know today

<b>1. Apple Music is set for release today.</b> To use it, iPhone and iPad users will need to download and install a new iOS update, iOS 8.4, which will also become available today.<p><b>2. Music recognition app Shazam has launched new social features that let people "follow" musicians.</b> Pitbull, Calvin Harris, …

Wiz Khalifa

Stocks: 5 things to know before the open

It's D-Day for Greece.<p>European stocks opened lower as Greece appeared set to watch a key debt deadline sail by. U.S. stock futures were edging higher.<p>Here are the five things you need to know before the opening bell rings in New York:<p><b>1. Greek default?:</b> Giorgos Stathakis, Greece's economy minister, …