Photo: SAUL LOEB/AFP/Getty Images
President Trump has signed a bill to fund the government through February 8, ending the 3-day government shutdown.
Go deeper: Republicans won the shutdown battle, but may lose on immigration
Photo: SAUL LOEB/AFP/Getty Images
President Trump has signed a bill to fund the government through February 8, ending the 3-day government shutdown.
Go deeper: Republicans won the shutdown battle, but may lose on immigration
Illustration: Sarah Grillo/Axios
Uber has agreed to acquire food delivery company Postmates for $2.65 billion in an all-stock deal, the companies announced Monday.
Why it matters: This is the latest merger for the food delivery space as the sector undergoes an ongoing market consolidation.
Despite cutting expectations for companies' earnings by the most in history and revenue by the most since 2009, Wall Street analysts are getting increasingly bullish on the overall direction of the U.S. stock market.
What's happening: Equity analysts are expecting earnings in the second quarter to fall by 43.8% — the most since 2008's fourth quarter 69.1% decline.
The United States' alarming rise in coronavirus cases isn't due to increased testing — particularly not where cases have grown fastest over the last month.
Why it matters: The U.S. doesn't yet know what it looks like when a pandemic rages on relatively unchecked after the health system has become overwhelmed. It may be about to find out.