Jun 13, 2017

There's now a "Yelp for on-demand services"

Courtesy of Shipt

New York City-based startup DeliveryDino wants to make it easier for consumers to navigate the growing gig economy. The startup's website serves as a sort of "Yelp for on-demand services."

How it works: DeliveryDino's website provides descriptions, customer reviews, and promotional discounts for various on-demand services, which consumers can filter by city and category. The startup says it covers 12,500 cities worldwide.

Bigger picture: On-demand and sharing services are becoming increasingly popular. In fact, about 72% of Americans have used at least one such service, according to a 2016 Pew Research Center study, and recent data from Intuit and Emergent Research predicts that by 2021, 9.2 million Americans will be gig workers. So it's no surprise that consumers are looking for more information about these services to help them choose where to spend their dollars.

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Democrats demand new Russia sanctions over 2020 election interference

Putin and Trump. Photo: Kremlin Press Office/Handout/Anadolu Agency/Getty Images

Senate Democratic leaders will send a letter to Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin on Monday afternoon demanding they sanction Russia — and potentially Russian President Vladimir Putin himself — for attempting to influence the 2020 presidential election.

Why it matters: The letter follows reports that a senior intelligence official briefed Congress that Russia is again interfering in the November election to help Trump. White House national security adviser Robert O'Brien repeatedly rejected that assessment on Sunday, and CNN later reported that the briefer may have overstated the intelligence community's evidence about Russia's goals.

Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.