Uber cuts 435 more employees

The economic numbers are continuing to defy the recession hypeThe labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. Economyread more


The economic numbers are continuing to defy the recession hypeThe labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. Economyread more
Uber cuts 435 more employees Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: jennifer elias
Keywords: news, cnbc, companies, cuts, employees, recession, numbers, market, uber, patter, labor, 435, hypethe, fact, expectationseconomyread, look, surface


Uber cuts 435 more employees

The economic numbers are continuing to defy the recession hype

The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations.

Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: jennifer elias
Keywords: news, cnbc, companies, cuts, employees, recession, numbers, market, uber, patter, labor, 435, hypethe, fact, expectationseconomyread, look, surface


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Uber billionaire Travis Kalanick bought a $36.4 million NYC penthouse—take a look

Uber co-founder and former CEO Travis Kalanick recently closed on a new penthouse in Manhattan’s Soho neighborhood, reports the New York Times. Kalanick, who is worth $3.5 billion according to Forbes, purchased the duplex penthouse for $36.5 million. It was the most expensive sale in New York City during the month of August, according to the Times. Kalanick’s new four bedroom, four-and-a-half bathroom space spans 6,734 square feet, according to the listing. The duplex, known as “Penthouse North,


Uber co-founder and former CEO Travis Kalanick recently closed on a new penthouse in Manhattan’s Soho neighborhood, reports the New York Times. Kalanick, who is worth $3.5 billion according to Forbes, purchased the duplex penthouse for $36.5 million. It was the most expensive sale in New York City during the month of August, according to the Times. Kalanick’s new four bedroom, four-and-a-half bathroom space spans 6,734 square feet, according to the listing. The duplex, known as “Penthouse North,
Uber billionaire Travis Kalanick bought a $36.4 million NYC penthouse—take a look Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: taylor locke
Keywords: news, cnbc, companies, nyc, square, broome, kalanick, duplex, billionaire, uber, look, bought, penthousetake, million, york, recently, city, 364, north, penthouse, feet, travis, according


Uber billionaire Travis Kalanick bought a $36.4 million NYC penthouse—take a look

Uber co-founder and former CEO Travis Kalanick recently closed on a new penthouse in Manhattan’s Soho neighborhood, reports the New York Times.

Kalanick, who is worth $3.5 billion according to Forbes, purchased the duplex penthouse for $36.5 million. It was the most expensive sale in New York City during the month of August, according to the Times.

Kalanick’s new four bedroom, four-and-a-half bathroom space spans 6,734 square feet, according to the listing. The duplex, known as “Penthouse North,” also has an additional 3,400 square feet outdoors. The home is in 565 Broome Street, a recently opened tower designed by famous Italian architect Renzo Piano, whose last New York City project was the Whitney Museum of Art’s downtown location.

Check out the renderings of Penthouse North at 565 Broome Street.

The property has a private elevator that opens to living and dining spaces.


Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: taylor locke
Keywords: news, cnbc, companies, nyc, square, broome, kalanick, duplex, billionaire, uber, look, bought, penthousetake, million, york, recently, city, 364, north, penthouse, feet, travis, according


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MLB pitcher Randy Dobnak, who was just called up to the majors, has been driving for Uber and Lyft for 2 years

“I have all five star [reviews] except for one,” Dobnak told MLB.com in August. After graduating in 2017 with a degree in accounting, Dobnak joined the United Shore Professional Baseball League (USPBL), a four-team independent league that plays out of Michigan. Not many players make it from the USPBL to the majors — and Dobnak was prepared to walk away from the sport. Minor league players don’t make much money. Dobnak made his major league debut on August 9, but just because he was called up doe


“I have all five star [reviews] except for one,” Dobnak told MLB.com in August. After graduating in 2017 with a degree in accounting, Dobnak joined the United Shore Professional Baseball League (USPBL), a four-team independent league that plays out of Michigan. Not many players make it from the USPBL to the majors — and Dobnak was prepared to walk away from the sport. Minor league players don’t make much money. Dobnak made his major league debut on August 9, but just because he was called up doe
MLB pitcher Randy Dobnak, who was just called up to the majors, has been driving for Uber and Lyft for 2 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: kathleen elkins
Keywords: news, cnbc, companies, uspbl, called, lyft, driving, league, month, play, pitcher, hes, ball, told, dobnak, mlb, majors, uber, randy, players


MLB pitcher Randy Dobnak, who was just called up to the majors, has been driving for Uber and Lyft for 2 years

The right-handed pitcher played for four years at Alderson Broaddus University, a small Division II school in West Virginia, and went undrafted after college despite a desire to play professionally. “I talked to a few different teams — six or seven — and the [Toronto] Blue Jays followed me for about three years,” he told podcast host Darren Wolfson on an episode of “Scoop.” “But nobody ever came to see me play. Every time they would plan on it, we’d either get rained out or snowed out.”

“I have all five star [reviews] except for one,” Dobnak told MLB.com in August. “I have one four-star. I’m hoping it was a mistake. I don’t remember doing anything bad.”

The 24-year-old, who spent the past two years pitching in the minor leagues, might have to cut back on his side hustle: According to his LinkedIn profile , he’s been driving for Uber and Lyft since October 2017 — and he’s an excellent driver with a “4.99/5 Uber driver rating,” his Twitter profile reads.

In August 2019, Randy Dobnak received a life-changing call from the Minnesota Twins: The franchise was promoting him to the big leagues .

After graduating in 2017 with a degree in accounting, Dobnak joined the United Shore Professional Baseball League (USPBL), a four-team independent league that plays out of Michigan.

Not many players make it from the USPBL to the majors — and Dobnak was prepared to walk away from the sport. “When I went to play [independent] ball, I said I’ll try this for a year,” he told the Pittsburgh Post-Gazette. “If nothing happens, I’ll move on with my life.”

It didn’t take long for an MLB team to discover him: About a month after joining the USPBL, the Twins signed him. The past two years, he’s progressed through the team’s minor league organization, moving up from rookie ball and Single-A ball — the lowest levels of the minors — to Triple-A ball, which is the closest level to the majors.

Minor league players don’t make much money. Those at the lowest level, which is where Dobnak started, earn $1,100 a month. Players in Double-A, the next level up, can expect to earn about $6,000 a month and those in Triple-A make, on average, about $10,000 a month, Forbes reports.

Dobnak made his major league debut on August 9, but just because he was called up doesn’t mean he gets to stay. It’s common for players to be sent back and forth between the majors and minors.

While he’s in the majors, though, he’ll earn more money. The minimum salary for a major leaguer in 2019 is $555,000 — if you’re like Dobnak and called up from the minors to the majors mid-season, the $555,000 salary “is pro-rated over a 187-day season,” SB Nation explains, “so each day in the big show earns a player just shy of $3,000.”

Regardless of whether Dobnak is pitching in the minors or majors at any given time, he’s not giving up on his dreams: “You have to know that you’re good enough to compete against whoever is in front of you,” he told the Pittsburgh Post-Gazette. “You have to be confident, be in control. I have confidence that I can compete with anybody. I’ll never give up.”

Don’t miss: Yankees star Giancarlo Stanton makes $28 million a year but still shops at TJ Maxx

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Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: kathleen elkins
Keywords: news, cnbc, companies, uspbl, called, lyft, driving, league, month, play, pitcher, hes, ball, told, dobnak, mlb, majors, uber, randy, players


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5 of the most fascinating revelations from new Uber tell-all book ‘Super Pumped’

Isaac’s book, “Super Pumped: The Battle for Uber,” is out on Tuesday, and it covers the past decade of volatility at Uber, from the company’s founding to its disappointing 2019 IPO. Isaac conducted “hundreds of interviews” with current and former Uber employees to write the book. Years before Uber, Isaac says, Kalanick was ‘an entrepreneurial failure’Kalanick turned just 33 the year that he and fellow entrepreneur Garrett Camp founded Uber in 2009. But even that relatively small victory came aft


Isaac’s book, “Super Pumped: The Battle for Uber,” is out on Tuesday, and it covers the past decade of volatility at Uber, from the company’s founding to its disappointing 2019 IPO. Isaac conducted “hundreds of interviews” with current and former Uber employees to write the book. Years before Uber, Isaac says, Kalanick was ‘an entrepreneurial failure’Kalanick turned just 33 the year that he and fellow entrepreneur Garrett Camp founded Uber in 2009. But even that relatively small victory came aft
5 of the most fascinating revelations from new Uber tell-all book ‘Super Pumped’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: tom huddleston jr
Keywords: news, cnbc, companies, isaac, uber, million, super, pumped, tellall, reportedly, revelations, kalanick, company, book, employees, swoosh, fascinating, red


5 of the most fascinating revelations from new Uber tell-all book 'Super Pumped'

Few tech start-ups have enjoyed a rise as meteoric as Uber’s. At the same time, few companies have weathered a path as turbulent as the ride-hailing giant’s on its way to becoming a public company valued north of $50 billion.

A new book from New York Times technology reporter Mike Isaac follows Uber’s astounding rise to ubiquity as well as the many ups and downs the Silicon Valley company has navigated since its founding in 2009, including scandals, user boycotts, regulatory battles and the eventual ouster, in 2017, of founder and former CEO Travis Kalanick amid claims of systemic sexism at the company.

Isaac’s book, “Super Pumped: The Battle for Uber,” is out on Tuesday, and it covers the past decade of volatility at Uber, from the company’s founding to its disappointing 2019 IPO. Isaac conducted “hundreds of interviews” with current and former Uber employees to write the book. And he takes an especially close look at the downfall of Kalanick, whom Isaac describes as a “hard-charging CEO” who turned Uber into a Silicon Valley darling worth billions seemingly overnight before he succumbed to the mounting scandals and controversies that forced him out of the company.

Here are five of the most fascinating stories and quotes from “Super Pumped.” Uber and Kalanick did not immediately respond to CNBC Make It’s request for comment.

1. Uber made almost $500 million on its ‘safe rides fee’

In 2014, Uber announced a new additional $1 charge on users’ fares that the company called its “safe rides fee.” Uber said at the time that the company would use the charge to fund improved background checks for its drivers as well as driver safety education and mobile app safety features. However, according to Isaac’s book, employees who worked on the “safe rides fee” project at Uber say the main goal of the charge was to increase the company’s profit.

In fact, court documents from a lawsuit filed against the company by riders reportedly say the company generated nearly $449 million in revenue from the “safe rides fee” over the first two years of implementing the charge, according to Bloomberg. What’s more, that money was never specifically tagged for spending on initiatives to improve riders’ safety, Isaac writes, citing Uber employees who worked on the project. That class action lawsuit resulted in Uber agreeing to pay $32.5 million as part of a settlement.

2. Years before Uber, Isaac says, Kalanick was ‘an entrepreneurial failure’

Kalanick turned just 33 the year that he and fellow entrepreneur Garrett Camp founded Uber in 2009. Within four years, Uber had raised over $300 million and was valued at roughly $3.5 billion overall — a number that continued to swell in the ensuing years.

But Kalanick’s previous ventures did not get off to such a fast start, Isaac notes in the book. In fact, Isaac describes Kalanick as “an entrepreneurial failure” over much of his career before he launched Uber. In 1998, Kalanick dropped out of UCLA to co-found Scour, which developed a multimedia search engine that also allowed users to share music and media files.

Despite raising $4 million in venture capital, the start-up filed for bankruptcy within two years of its founding after multiple entertainment industry groups, including the Motion Picture Association of America and the Recording Industry Association of America, sued Scour and dozens of other file-sharing companies for $250 billion in damages, alleging copyright infringement. The lawsuit against Scour was eventually dismissed as a result of the company filing for Chapter 11 bankruptcy protection.

Kalanick’s next start-up, another file-sharing company called Red Swoosh, fared better. After starting Red Swoosh in 2001, Kalanick and co-founder Michael Todd sold it to competitor Akamai Technologies for $19 million in 2007, and Kalanick personally walked away with “roughly $2 million,” according to Isaac’s book.

But even that relatively small victory came after years of struggling to make Red Swoosh a success. Isaac describes a cycle during that period in which Red Swoosh and Kalanick “would run out of money” only to secure a last-minute investment to stay alive a little bit longer (at one point, Mark Cuban even invested $1.8 million). While running Red Swoosh, Kalanick reportedly lived more than three years without taking a salary, which forced him to move into his parents’ house. Running Red Swoosh, Isaac writes, had forced Kalanick to “work around the clock for peanuts, looking for the next deal while living in his parents’ house and eating ramen and other treats from the bargain bin at Safeway.”

3. Confronted with controversial behavior, Kalanick reportedly said, ‘I’m a terrible person’

Isaac describes a scene from 2017 in which a group of Uber executives met to discuss negative public perception of Uber after a string of scandals that included a former female engineer at the company writing a blog post alleging systemic sexism, gender bias and sexual harassment at Uber. During the meeting, Uber communications executives showed Kalanick a newly published report on him by Bloomberg News that included a viral video of Kalanick dismissively arguing with an Uber driver.

“‘This is really bad. … What is wrong with me?'” Kalanick reportedly said after viewing himself in the viral video, according to Isaac, who also writes that the then-Uber CEO also began “writhing around on the floor.” Later in the meeting, after Kalanick reportedly insulted the Uber communications executives present, one of them, Uber’s SVP of marketing and public affairs, Jill Hazelbaker, confronted him. “How dare you!” she reportedly told Kalanick, according to past and current Uber employees interviewed by Isaac. “I’ve walked through fire for you and this company! You did this to yourself!”

Even after the executives adjourned to Hazelbaker’s home later in the day for a more informal meeting complete with pizza and beer, Isaac writes, Kalanick continued to melt down over the negative publicity. “Kalanick kept repeating the same thing over and over: ‘I’m a terrible person. I’m a terrible person. I’m a terrible person,'” Isaac writes.

Kalanick later sent an internal memo to Uber employees apologizing for treating the Uber driver “disrespectfully,” in which the Uber CEO wrote that “the criticism we’ve received is a stark reminder that I must fundamentally change as a leader and grow up.”


Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: tom huddleston jr
Keywords: news, cnbc, companies, isaac, uber, million, super, pumped, tellall, reportedly, revelations, kalanick, company, book, employees, swoosh, fascinating, red


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SoftBank is more than $600 million underwater on its Uber investment as stock hits an all-time low


SoftBank is more than $600 million underwater on its Uber investment as stock hits an all-time low Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03
Keywords: news, cnbc, companies, underwater, stock, uber, investment, softbank, low, million, alltime, hits, 600



Company: cnbc, Activity: cnbc, Date: 2019-09-03
Keywords: news, cnbc, companies, underwater, stock, uber, investment, softbank, low, million, alltime, hits, 600


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Uber and Lyft pledge $60 million to ballot measure in fight to keep drivers’ classification as contractors

Uber and Lyft on Thursday pledged $60 million to a California ballot initiative for the 2020 election that would maintain the status of their drivers as contract workers. The companies have been fighting a California bill that could force them to reclassify their drivers as employees. The bill passed through the California Assembly in May and is working its way through the state Senate. “We remain focused on reaching a deal, and are confident about bringing this issue to the voters if necessary.


Uber and Lyft on Thursday pledged $60 million to a California ballot initiative for the 2020 election that would maintain the status of their drivers as contract workers. The companies have been fighting a California bill that could force them to reclassify their drivers as employees. The bill passed through the California Assembly in May and is working its way through the state Senate. “We remain focused on reaching a deal, and are confident about bringing this issue to the voters if necessary.
Uber and Lyft pledge $60 million to ballot measure in fight to keep drivers’ classification as contractors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-29  Authors: salvador rodriguez
Keywords: news, cnbc, companies, contractors, pledge, paid, status, lyft, minimum, fight, leave, protections, california, drivers, ballot, benefits, uber, classification, working, measure, million


Uber and Lyft pledge $60 million to ballot measure in fight to keep drivers' classification as contractors

Uber and Lyft on Thursday pledged $60 million to a California ballot initiative for the 2020 election that would maintain the status of their drivers as contract workers.

The companies have been fighting a California bill that could force them to reclassify their drivers as employees. The bill passed through the California Assembly in May and is working its way through the state Senate.

“We are working on a solution that provides drivers with strong protections that include an earnings guarantee, a system of worker-directed portable benefits, and first-of-its kind industry-wide sectoral bargaining, without jeopardizing the flexibility drivers tell us they value so much,” said Adrian Durbin, Lyft senior director of communications, in a statement. “We remain focused on reaching a deal, and are confident about bringing this issue to the voters if necessary.”

Under Lyft and Uber’s proposed ballot measure, California drivers would be receive more protections and benefits while maintaining their status as independent contractors. Those benefits would include a minimum earnings of $21 per booked hour, injured worker protection, and paid sick leave and paid family leave for those who drive a minimum of 20 hours per week.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-08-29  Authors: salvador rodriguez
Keywords: news, cnbc, companies, contractors, pledge, paid, status, lyft, minimum, fight, leave, protections, california, drivers, ballot, benefits, uber, classification, working, measure, million


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Uber rival Bolt launches food delivery service in Europe

Trump says he’s considering payroll tax cut day after White House…Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.” Politicsread more


Trump says he’s considering payroll tax cut day after White House…Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.” Politicsread more
Uber rival Bolt launches food delivery service in Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: elizabeth schulze
Keywords: news, cnbc, companies, delivery, taxes, food, uber, white, thinking, housetrump, recessionpoliticsread, rival, payroll, tax, trump, bolt, long, hes, europe, launches, service


Uber rival Bolt launches food delivery service in Europe

Trump says he’s considering payroll tax cut day after White House…

Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.”

Politics

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Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: elizabeth schulze
Keywords: news, cnbc, companies, delivery, taxes, food, uber, white, thinking, housetrump, recessionpoliticsread, rival, payroll, tax, trump, bolt, long, hes, europe, launches, service


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The 10 fastest-growing jobs for women in the US

Financial site SmartAsset analyzed Bureau of Labor Statistics data to rank, among occupations that employed at least 25,000 women, the jobs that saw the greatest increase of women workers between 2014 and 2018. SmartAsset’s ranking also highlights the growth of women working in construction and STEM, some of the most male-dominated fields. Construction laborers saw 85% more women in the role by 2018, and share of female construction managers grew by 49%. Veterinarians is the first job on the lis


Financial site SmartAsset analyzed Bureau of Labor Statistics data to rank, among occupations that employed at least 25,000 women, the jobs that saw the greatest increase of women workers between 2014 and 2018. SmartAsset’s ranking also highlights the growth of women working in construction and STEM, some of the most male-dominated fields. Construction laborers saw 85% more women in the role by 2018, and share of female construction managers grew by 49%. Veterinarians is the first job on the lis
The 10 fastest-growing jobs for women in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: jennifer liu
Keywords: news, cnbc, companies, men, uber, construction, women, fastestgrowing, saw, share, jobs, 2018, workers, job, veterinarians


The 10 fastest-growing jobs for women in the US

Consumers may be unaccustomed to discovering their Uber driver is a woman, but it could become a more common occurrence.

Financial site SmartAsset analyzed Bureau of Labor Statistics data to rank, among occupations that employed at least 25,000 women, the jobs that saw the greatest increase of women workers between 2014 and 2018. The No. 1 spot goes to taxi drivers and chauffeurs, where women’s representation nearly tripled in the past few years.

Overall, this segment of workers for both men and women grew by 102% since 2014, more than doubling its workforce thanks to the rise in popularity of ride-share services like Uber and Lyft. At a 188% surge, however, the number of women joining ranks far outpaces the growth of the industry.

Gig work with flexible scheduling makes another showing further down the list, with the share of women couriers and messengers increasing 66% over the five-year time span.

SmartAsset’s ranking also highlights the growth of women working in construction and STEM, some of the most male-dominated fields. Construction laborers saw 85% more women in the role by 2018, and share of female construction managers grew by 49%. Still, women continue to make up a fraction of the people who hold those occupations overall (just 4% and 8%, respectively).

The trend behind health care workers tells a different story. Veterinarians is the first job on the list where women are already in the majority — more than 71% of veterinarians were women in 2018 — and the gap between men and women who hold the job has increased in recent years. And while nurse practitioners added more women to the occupation since 2014, the percentage of women in the job among all new employees actually went down, due to a greater share of men joining the field.

Read on for the top 10 fastest-growing jobs for women and what they pay.


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: jennifer liu
Keywords: news, cnbc, companies, men, uber, construction, women, fastestgrowing, saw, share, jobs, 2018, workers, job, veterinarians


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Apple Card vs Uber Visa Card: Which is better for Uber users?

Below, CNBC Make It compared the new updates to the Apple Card with the Uber Visa Card to see which card is the best for Uber purchases and everyday use. Fees and APRsThe Apple Card and Uber Visa Card both have no annual fee or foreign transaction fees. However, when it comes to interest rates, the Apple Card beats the Uber Visa Card. It’s clear that the Uber Visa Card is better for UberEats and the Apple Card for Uber rides. However, there’s a catch when using the Apple Card to pay for Uber and


Below, CNBC Make It compared the new updates to the Apple Card with the Uber Visa Card to see which card is the best for Uber purchases and everyday use. Fees and APRsThe Apple Card and Uber Visa Card both have no annual fee or foreign transaction fees. However, when it comes to interest rates, the Apple Card beats the Uber Visa Card. It’s clear that the Uber Visa Card is better for UberEats and the Apple Card for Uber rides. However, there’s a catch when using the Apple Card to pay for Uber and
Apple Card vs Uber Visa Card: Which is better for Uber users? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: alexandria white
Keywords: news, cnbc, companies, app, cash, ubereats, vs, uber, purchases, visa, cards, users, pay, card, better, apple


Apple Card vs Uber Visa Card: Which is better for Uber users?

Apple announced on Tuesday, August 20, that it’s opening applications for the Apple Card to all consumers. In the announcement, Apple stated it’s also extending 3% cash back to more merchants and apps, starting with Uber. In its initial offer, cardholders only earned 3% cash back on goods or services purchased directly from Apple (including Apple retail stores, the Apple online store, the App Store, iTunes, Apple Music and other Apple-owned properties), but now they can earn 3% on Uber and Uber Eats purchases made with your Apple Card via Apple Pay. This enhancement puts the Apple Card in direct competition with the Uber Visa Card, which also awards bonus cash back on Uber and UberEats purchases. Below, CNBC Make It compared the new updates to the Apple Card with the Uber Visa Card to see which card is the best for Uber purchases and everyday use.

Fees and APRs

The Apple Card and Uber Visa Card both have no annual fee or foreign transaction fees. However, when it comes to interest rates, the Apple Card beats the Uber Visa Card. The Apple Card has an overall lower variable APR range of 12.99% to 23.99% compared to the Uber Visa Card with 17.99%, 23.99% or 28.74%. Winner: Apple Card with its lower APR range, which minimizes interest charges on unpaid balances.

Rewards

The Uber Visa Card is geared toward foodies and travelers, while the Apple Card is aimed at iPhone users and fans of the tech company’s products. The Uber Visa Card earns 4% cash back on UberEats purchases and 2% cash back on Uber rides. That’s compared to the Apple Card’s 3% cash back on both Uber and UberEats. It’s clear that the Uber Visa Card is better for UberEats and the Apple Card for Uber rides. However, there’s a catch when using the Apple Card to pay for Uber and UberEats: You need to pay with your Apple Card from Apple Pay. That means under payment methods in the Uber app, you need to select the Apple Pay option and then choose your Apple Card. You don’t want to manually enter (and then store) your Apple Card’s credit card number in your Uber app. If you do, you’ll only earn 1% cash back because you aren’t paying via Apple Pay. Beyond Uber-related rewards, the Uber Visa Card also offers 4% back on dining, 3% on hotel and airfare, 2% on online purchases (which includes streaming subscriptions) and 1% on all other purchases. The Apple Card earns 3% cash back on goods or services purchased directly from Apple (including Apple retail stores, the Apple online store, the App Store, iTunes, Apple Music and other Apple-owned properties), 2% cash back on all other Apple Pay purchases (which Apple says is accepted by 70% of all merchants, and includes businesses from Target to Airbnb) and 1% cash back on everything else. Winner: It depends on your spending habits — the Apple Card is best for fans of Apple products, frequent users of Apple Pay and Uber rides, while the Uber Visa Card is for foodies, travelers and UberEats consumers.

Redemption

Both cards let you redeem points on-the-go directly from the Apple Wallet app or Uber app, respectively. However, the Apple Card has no minimum rewards redemption amount — meaning you can redeem cash back at $0.05, $5, $25 or any other amount. Cash back can be redeemed in a number of ways: applied as a statement credit to your Apple Card balance, spent like cash through Apple Cash, transferred to a bank account or sent to friends via iMessage. The Uber Visa card requires you to accrue 500 points ($5) to redeem for Uber Cash and 2,500 points ($25) for all other redemptions, which include cash back and gift cards. The Apple Card’s Daily Cash and the Uber Visa Card’s points both post to your account quicker than typical credit cards that take one billing cycle. Daily Cash is deposited at the end of every day, once the transaction posts to your account. Similarly, Uber points are available the business day after the transaction posts to your account. Winner: The Apple Card with its Daily Cash program that deposits cash back at the end of every day (compared to the Uber Visa Card, which waits until the next business day after a transaction posts). Plus, the Apple Card lets you redeem cash back for any amount.

Added perks

Beyond the Daily Cash rewards program, the Apple Card is pretty basic. The card has no fees, which is helpful for cardholders who miss payments or travel abroad, but you won’t benefit from welcome bonus or additional perks. The Uber Visa Card stands out thanks to a $100 bonus you earn after you spend $500 on purchases in the first 90 days. Plus, you can receive up to a $50 statement credit for online subscription services after you spend $5,000 or more on your card per year. There’s also cell phone protection up to $600 for damage or theft when you pay your bill with your card. Winner: Uber Visa Card with a welcome bonus, annual statement credit for online subscription services and cell phone protection.

Bottom line


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: alexandria white
Keywords: news, cnbc, companies, app, cash, ubereats, vs, uber, purchases, visa, cards, users, pay, card, better, apple


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Apple Card is now available to everyone in the US

The Apple Card is now available to all U.S. customers, the company said Tuesday. Apple announced the full launch of its new iPhone-integrated credit card, a joint venture with Goldman Sachs, on its website Tuesday. The rewards program gives back a percentage of every purchase as cash on customers’ Apple Card “each day.” In early August, Apple invited its first customers to apply for the Apple Card. Apple reported $11.46 billion in services revenue for the fiscal third quarter.


The Apple Card is now available to all U.S. customers, the company said Tuesday. Apple announced the full launch of its new iPhone-integrated credit card, a joint venture with Goldman Sachs, on its website Tuesday. The rewards program gives back a percentage of every purchase as cash on customers’ Apple Card “each day.” In early August, Apple invited its first customers to apply for the Apple Card. Apple reported $11.46 billion in services revenue for the fiscal third quarter.
Apple Card is now available to everyone in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: megan graham
Keywords: news, cnbc, companies, apply, card, uber, services, apple, sachs, spending, users, revenue, customers, available


Apple Card is now available to everyone in the US

The Apple Card is now available to all U.S. customers, the company said Tuesday.

Apple announced the full launch of its new iPhone-integrated credit card, a joint venture with Goldman Sachs, on its website Tuesday. Previously, a limited number of customers were invited to apply for the card early in a “preview.”

IPhone users can now apply for the card through the Wallet app “in minutes” and “start using it right away with Apple Pay in stores, in apps and on websites” if they are approved, according to the blog post. The card carries no fees, but customers who don’t pay their balance in full are subject to a 12.99% to 23.99% variable APR based on creditworthiness.

The company also announced it was extending the card’s 3% “Daily Cash” policy to more merchants and apps, including Uber and Uber Eats. The rewards program gives back a percentage of every purchase as cash on customers’ Apple Card “each day.”

In early August, Apple invited its first customers to apply for the Apple Card.

CNBC previously reported Apple wanted Goldman Sachs to approve as many of its 100 million-plus U.S. iPhone users as possible for the card, within the bounds of regulation and responsible lending. The bank has been accepting some applications from users with less-than-stellar credit scores.

The card does include financial wellness tools like a “payment nudge” that shows how much interest a user would be charged for a given payment amount. The card also displays detailed spending information in real time, letting users track weekly or monthly spending, categorized by color.

Apple, which is counting on recurring fees to boost revenue as iPhone sales slow, has been making a broader push to expand its services business via its 1.4 billion active devices. Apple reported $11.46 billion in services revenue for the fiscal third quarter.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: megan graham
Keywords: news, cnbc, companies, apply, card, uber, services, apple, sachs, spending, users, revenue, customers, available


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