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money lead
(CNN) - It might be the last thing you remember tonight: getting in your Uber.
The ride sharing app has been blamed for pretty much everything this year, except maybe the Sony hack. And still, despite all the bad press, tonight alone the company is expected to generate 100 million dollars in revenue. That's in large part, of course, because they jack up their prices at peak times during the biggest party night of the year. Last year one five mile ride in Pennsylvania cost $265.
But hey, you're going out on New Year's Eve, you're gonna overpay for everything else am I right?
Business Insider's Senior Editor Steve Kovach joins "The Lead" live to discuss.
money lead
(CNN) – The U.S. economy is running in overdrive. The DOW closed above 18,000 for the first time ever Tuesday, and is up a thousand points this month alone.
Gas prices are at near record lows, dipping below $2/gallon in some places.
A new CNN/ORC poll released Tuesday shows 51% of the people surveyed believe the economy is in good shape, compared to just 38% in October.
The Washington Post's Jim Tankersley breaks down the significance of the numbers in the video above.
money lead
(CNN) - Forget Cancun, Panama City, and South Padre Island. Next year's hot spring break location? Playo Sirena, Cuba.
Come for the rum and cigars, stay for the human rights abuses.
money lead
New York (CNN) – TGIF? It was more like a Freaky Friday for the stock market as plunging oil prices struck again.
The Dow fell more than 300 points and finished the week with a 3.8% loss. That was its worst weekly performance in more than three years.
money lead
New York (CNNMoney) – December typically brings a "Santa Claus" rally for stocks, but we've yet to see it this year.
For that, you can blame oil prices.
The Dow was down about 260 points in late afternoon trading Wednesday. That's a 1.5% drop. Anytime the Dow suffers a triple-digit point decline, it's considered a bad day.
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