SAN FRANCISCO (KRON) – On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about jobs, Lyft and real-estate.
The report shows that many businesses are still hiring even as growth has been sluggish this year. The additional jobs, in turn, could keep Americans spending and support a pickup in growth in the second half of the year.
‘The company continues to hit new records,’ says Lyft representative. Lyft has a valuation of $5.5 billion. Lyft hit a record number of rides in July. According to Recode, Lyft recorded 13.9 million rides for the month and said that the company’s 2015 GAAP revenue had grown 6.3 times year over year, without citing specifics.
Near-record low inventory in many markets has entry-level buyers scrambling. Even though the U.S. has seen more than three years of a booming seller’s market for housing, there are plenty of Americans who are reluctant to sell their homes for a very simple reason: Where are they going to live?
Rob Black answers Arlette’s question: Should I consider buying something safe like Procter & Gamble?