Bitcoin will likely “totally collapse,” Nobel Prize-winning economist Robert Shiller has told CNBC, adding that it reminds him of “tulip mania” centuries ago in the Netherlands. The Yale University professor said there are “bubbles everywhere,” not just in bitcoin, and added that he “doesn’t...
Uber has announced it made a loss of a whooping $708million in the first 3 months of the year despite posting revenue of $3.4 billion.
"The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability," Uber said in a statement to CNBC.
But Gautam Gupta, the...
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uber financial year 2017
Global oil benchmark, Brent crude, fell on Tuesday, reflecting growing concerns that a two-month rally might be fading, as supply looked set to keep rising and there appeared to be little immediate prospect of demand keeping pace.
It fell by $1.27, or 3.15 per cent, to $39 per barrel, while the...