Uber sets up "Uber Money" division focused on financial services

Photo: Denis Charlet/AFP/Getty Images

Uber has set up a new division, Uber Money, that will house its financial services products for riders and drivers, such as digital wallets and debit and credit cards.

Why it matters: While Uber and rival Lyft have already provided some standalone services like letting drivers cash out their earnings instantly and a credit card for riders, other ride-hailing companies around the world, like Grab and Gojek, have long offered fuller suites of services.

Go deeper: Uber rides into grocery delivery

Go deeper

Rebecca Falconer, Laurin-Whitney Gottbrath
Updated 23 mins ago - Science

Deadly Hurricane Zeta slams U.S. Gulf Coast

A satellite image of Hurricane Zeta. Photo: National Hurricane Center/NOAA

Hurricane Zeta has killed at least one person after a 55-year-old man was "electrocuted by a downed power line" in Louisiana as the storm caused widespread power outages Wednesday night, per AP.

What's happening: Zeta made landfall south of New Orleans as a Category 2 hurricane earlier Wednesday before weakening to Category 1. But it was still "battering southeastern Louisiana and southern Mississippi with life-threatening storm surge, high winds, and heavy rain" late Wednesday, per the National Hurricane Center.

Go deeper (1 min. read)Arrow
Axios
Updated 47 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Biden ahead in Wisconsin, Michigan as cases surge in the Midwest.
  2. Health: Fauci says U.S. may not return to normal until 2022 — Trump's testing czar: Surge "is real" and not just caused by more tests — Some coronavirus survivors have "autoantibodies."
  3. Business: Consumer confidence sinking — Testing is a windfall.
  4. World: Europe faces "stronger and deadlier" wave — France imposes lockdown — Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed — MLB to investigate Dodgers player who joined celebration after positive COVID test.
Go deeper (1 min. read)Arrow
Axios
1 hour ago - Health

Fauci says U.S. may not return to normal until 2022

Director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci, testifies during a September Senate hearing on COVID-19 in Washington, D.C. Photo: Graeme Jennings/Pool/AFP via Getty Images

NIAID director Anthony Fauci told the Journal of the American Medical Association on Wednesday he doesn't expect a COVID-19 vaccine to be ready until January 2021 or later.

What he's saying: Fauci said during the interview that the U.S. was in a "bad position" after failing to keep case numbers down post-summer. "We should have been way down in baseline and daily cases and we’re not," he said.

Go deeper (1 min. read)Arrow