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.
Steve Bannon on Friday became the latest high-ranking official to leave the White House when he vacated the role of President Donald Trump's chief strategist. Media reports said Bannon's resignation had been submitted earlier in August, but its announcement had been pushed back due to violence from a white nationalist rally in Charlottesville, Virginia. While the ouster resulted in a positive reaction in risk assets — major U.S. indexes had fallen sharply last Thursday on rumors that National Economic Council Director Gary Cohn could leave — it will only have a short-lived impact on markets, one expert said. "From a market perspective ... Bannon's departure doesn't change Trump's strong views on immigration, border security and trade protection," National Australia Bank currency strategist Rodrigo Catril said in a Monday note.
Jeffrey Immelt, the former CEO of GE, is now the top candidate to become the new CEO of Uber, Recode reported on Saturday, citing "numerous" unnamed sources. A majority of the board of the app-based taxi company is leaning toward Immelt, but two other candidates are still in the running, Recode reported. Uber has effectively been headless since Kalanick resigned in June.