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Uber's IPO will likely arrive before the end of the decade.CEO Dara Khosrowshahi confirmed on Thursday that the company's "target" is to go public in 2019. The move is a departure from his predecessor, Uber co-founder Travis Kalanick, who had tried to put off an IPO as long as possible."We have all of the disadvantages of being a public company, as far as the spotlight on us, without any of the advantages of being a public company," Khosrowshahi said on stage at the New York Times DealBook Conference in Manhattan."Travis and the whole board now agree that we should just go public," he added.Uber currently has a valuation of billion, which makes it the most highly valued startup in the world. The company has raised more than billion in capital since its founding in 2009.SoftBank, the Japanese conglomerate, has also been in discussions with Uber for a massive private investment expected to total in the billions. Khosrowshahi expressed confidence about getting Uber's entire board on the same page and closing the deal."There's negotiations going on," he said. "They've probably taken longer than they should have, but we're gonna get there."The event marked Khosrowshahi's first extensive interview since taking over as Uber's CEO two months ago. In the conversation, he spoke candidly about his early doubts about the job given Uber's numerous PR crises at the time."It was this media circus that honestly I didn't want any part of," said Khosrowshahi, describing his initial feelings when he received a call about the CEO search. Khosrowshahi was then the CEO of Expedia. A friend, Spotify CEO Daniel Ek, later talked him into taking the opportunity seriously.Before joining the company, Khosrowshahi reviewed the company's financial and legal issues, as well as reading the blog post from a former engineer that rocked Uber with allegations of sexual harassment. However, he did not ask to read a report on the failures of Uber's reckless company culture put together by former U.S. Attorney General Eric Holder."The culture went wrong, and the governance of the company went wrong and the board went in a very bad direction," Khosrowshahi said. "But if the product is good, then if you can bring in good leadership, you can ultimately bring it together."Earlier this week, Khosrowshahi published a new set of "cultural norms" for the company, replacing Uber's "win at all costs" mentality with greater emphasis on corporate responsibility and inclusion. One of the norms: "We do the right thing. Period."But one of the biggest obstacles for Khosrowshahi's turnaround effort at Uber may be Kalanick. The former CEO continues to serve on Uber's board. In late September, Kalanick blindsided the company by using his power to appoint two new board members.Khosrowshahi admitted Kalanick wants to be more a part of the company than he currently is."It's a good relationship, but it comes with balance. What I told Travis very early on is that any new CEO needs space and needs distance from the old CEO," Khosrowshahi said. "I was a little worried about that conversation, but actually he took it very well and he's been very respectful."Khosrowshahi said he does anticipate leaning on Travis for insights on the business at a later date. "Over a period of time," he said, "I would be foolish not to use Travis's incredible genius and his knowledge that really was largely responsible for getting the company to where it is now."  3463

Two men who claim to be members of the Boogaloo Bois are facing federal charges for trying to help Hamas, a designated foreign terrorist organization.Boogaloo Bois and sub-groups are a loosely-connected group of people with violent anti-government stances; some members were seen at racial injustice demonstrations this summer wearing Hawaiian shirts and carrying long weapons. Many have a negative view of officers and government structure, advocating for the injury or death of police.Social media groups claiming to be part of the Boogaloo Bois movement have attracted attention this year and tens of thousands of members online, according to USA Today.Michael Solomon and Benjamin Teeter call themselves members of the group, and of a sub-group called Boojahideen, and were allegedly seen opening carrying firearms in residential neighborhoods in Minneapolis following the death of George Floyd and the demonstrations that followed.According to the FBI’s investigation of Solomon and Teeter, they “possessed firearms and substantial quantities of ammunition and that Solomon, Teeter, and other members of the Boogaloo Bois and Boojahideen discussed committing acts of violence against police officers and other targets in furtherance of the Boojahideen’s stated goal of overthrowing the government and replacing its police forces.” 1343

TULSA, Okla. — President Donald Trump pressed ahead with his comeback rally in the midst of a pandemic Saturday by declaring “the silent majority is stronger than ever before."But what was meant to be a show of defiant political force in Tulsa, Oklahoma, was instead met with thousands of empty seats and new coronavirus cases on his own campaign staff.Watch the rally below: 383

Uber has announced a new subscription service to help customers avoid price surging.Titled "Ride Pass", the new service is only available in five U.S. cities at the moment.According to the BBC, the service costs .99 a month in Los Angeles and .99 in Austin, Denver, Miami and Orlando. Uber says the service will expand to other U.S. cities in 2019."We want to make Uber a reliable alternative to driving yourself - an affordable option people can use for their everyday transportation needs," product manager Dan Bilen said.The ride-sharing company says users will save up to 15 percent a month when subscribing to "Ride Pass."   663

U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month yet remained far short of regaining the colossal losses it suffered this spring. The nation has now recovered roughly one-third of the 22 million jobs it lost to the pandemic recession.The monthly job report coincided with the Department of Labor's weekly report on unemployment claims, which indicated that 1.4 million Americans filed initial claims for unemployment during the week ending June 27. That brings a 15-week total to about 47.9 million claims.Thursday's figures were down about 60,000 from last week's unemployment filings. It marked the fourth straight week where unemployment claims have hovered at about 1.5 million.Weekly claims for unemployment have been falling for about four straight months after peaking at about 6 million a week in late March. But weekly unemployment claims remain historically high.Prior to the pandemic, the record high for weekly unemployment claims came in 2006, when 665,000 people filed for unemployment. The Department of Labor has been tracking the statistics since 1967.Economists often use weekly unemployment claims as a reliable tool when predicting unemployment. However, some surveys indicate that initial weekly claims may be underestimating the amount of those unemployed.At least one survey from the Economic Policy Institute found that millions of Americans gave up trying to seek benefits or didn't even start the process due to states' overwhelmed and antiquated unemployment systems.The new figures also come weeks before increased unemployment benefits provided through the CARES Act are set to expire later this month.While unemployment remains historically high, the stock market has improved drastically in recent months. Markets closed their best Second Quarter in decades this week, as states' reopening efforts and significant progress on a potential vaccine buoyed investorsHowever, cases are spiking again in many parts of the country. Several states have chosen to pause and even walk back their efforts to reopen their economies, leading to fears that more shutdowns and more unemployment could be on the way. 2247