in the past hour we have just had an update on some important data. they show the world s biggest economy is still growing but more slowly than first thought. the first three months of this year the us economy grew by 1.1% months of this year the us economy grew by1.1% and months of this year the us economy grew by 1.1% and that is on an annualised basis with consumer spending still remaining pretty strong but many analysts have been expecting today s figure to be closer to the 2% mark with all of this of course adding to fears that the american economy is running out of steam so let s get the thoughts of steam so let s get the thoughts of samir hussein, our north american business correspondence standing by new york and that is the question, isn t it. is this just a temporary blip or are we on a longer term slowdown? because we have talked a lot about the us avoiding recession. this will be welcome news. they can certainly not. this demonstrates the us economy is certainly l
By Colin Kellaher Getaround has brought back former executive Eduardo Iniguez to replace co-founder Sam Zaid as chief executive of the struggling car-sharing.
Getaround, Inc. (NYSE:GETR – Get Free Report) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,720,000 shares, an increase of 144.7% from the January 15th total of 702,800 shares. Based on an average daily volume of 7,850,000 shares, the days-to-cover ratio is currently 0.2 days. […]
Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is cutting 30% of its North American workforce as part of a restructuring. The company said in a statement it will restructure its workforce and operations to reduce costs in hopes of extending its cash runway and accelerating "its path to profitability." Getaround wouldn't disclose the number of workers it currently employs in North America or in Europe, where it also operates.