Canyon bicycles are now available in the U.S., something that may change the bicycle industry and shift the business model online.Read More »
General Motors Co. started its car-sharing service, Maven, just over a year ago, placing Chevrolets and Cadillacs in New York apartment buildings for occupants to rent. Maven is still working with apartment dwellers, but it is also offering hourly and daily rental cars in 17 North American cities. It also offers Maven Gig, a service that lets people rent cars to do odd jobs, like ride-hailing for Lyft or delivering food for GrubHub.
The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market’s record run, notwithstanding the recent pullback for the S&P 500 index (^GSPC), Dow Jones Industrial Average (^DJI) and the Nasdaq Composite Index (^IXIC), doesn’t translate into over-the-top valuations for U.S. equities. “Any comparisons to past overheated markets are ridiculous,” he said.
Watch the video of ‘9 Steps to Prepare Yourself Now for the Next Recession’ on MoneyTalksNews.com.What’s going on with the economy? Even a crystal ball may not have the answer.While the economy has ticked upward since the Great Recession ended