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Uber made a startling admission: It may never be profitable. The warning serves as a chilling reminder of the dotcom crash.

Uber filed to go public Thursday, publishing a 300-page prospectus for would-be investors. The document contains a startling acknowledgment: Uber says it may never be profitable. It’s not unusual, however, as firms like Lyft and Snap have issued similar warnings. More companies than ever are going public without any profits to speak of, with tech…


Donald Trump’s $4.75 Trillion Budget Should Terrify Fiscal Hawks

Donald Trump’s $4.75 Trillion Budget Should Terrify Fiscal Hawks

Donald Trump’s $4.75 Trillion Budget Should Terrify Fiscal HawksDonald Trump’s $4.75 trillion budget is alarming fiscal hawks both in and outside the Republican party. | Source: AP Photo / Carolyn KasterHere we go again. Donald Trump’s new $4.75 trillion budget proposal is wild even by his lofty standards. We shouldn’t be surprised, as overspending has…


Is George Pell innocent?

Is George Pell innocent?

Secrecy around trialsBut the guilty verdict itself has unleashed something more primal across the nation. Factors contributing to this national trauma include the images of a haggard-looking 77-year-old man in a priest’s collar running the gauntlet of a baying mob outside the Melbourne court. There has also been the secrecy surrounding the two trials, the…


A billionaire investment chief at the world’s biggest hedge fund explained to us why the economy is headed for ’20 years of ugliness’ — even if a major recession is avoided

A billionaire investment chief at the world’s biggest hedge fund explained to us why the economy is headed for ’20 years of ugliness’ — even if a major recession is avoided

DAVOS, Switzerland — Not all economic recessions are created equal. While that may seem like an obvious statement, the nuances that have separated meltdowns throughout history often go overlooked when negative headlines abound. That’s why it can be so easy to see a recession warning and immediately think of the 2008 financial crisis, which was…