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Uber lost $2.9 billion in the first quarter
But ride-hailing company said its food delivery business is surging as more customers order out.
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Khristopher J. Brooks writes about business, economic and financial topics for CBS News and CBS MoneyWatch. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy. Brooks' journalism career started in 2006 as a business and education reporter for the Bristol (Va.) Herald Courier. Before coming to CBS MoneyWatch, Brooks covered startups and entrepreneurship for the Rochester Democrat & Chronicle and local government for Newsday. He holds a bachelor's degree in journalism from Central Michigan University and a master's degree in literary reportage from New York University.
But ride-hailing company said its food delivery business is surging as more customers order out.
More Hispanics and African-Americans say they or their family have lost income due to COVID-19 compared to whites.
"There are some who will not get into a car for the next one to three years," one analyst said, as the company slashes costs due to the coronavirus pandemic.
Closure of theme parks globally delivered the biggest hit as entertainment giant sees its profits plunge.
Lenders have been curbing or canceling credit cards "at the worst possible time" for many families in financial limbo.
With unemployment soaring, a growing number of Americans are seeking relief in paying their home loans.
Arizona, Florida, Indiana, Minnesota and South Carolina taking longest to connect the jobless to their jobless aid.
Nation's biggest mall operator seeks to ease coronavirus concerns, but shoppers won't be required to wear masks.
GameStop and T-Mobile have reopened some stores. Other retailers could welcome back in-store customers soon.
"What makes them think I'm going to have three months of money in three months?" one homeowner asked.
NBA club said it returned federal small business loan so the money could go to "those most in need."
"It makes us feel like second-class citizens," said one ex-convict who was denied federal aid for his cleaning business.
Three couples from Missouri, Texas and Arizona say cruise lines should have done more to protect them from COVID-19.
As more than 22 million Americans line up for unemployment benefits, nearly a third haven't even gotten first check yet.
COVID-19 has forced schools to shift to online classes. Students say that's not what they signed up for.