Hard-pressed Kenyan drivers defy Uber's algorithm, set their own fares

In eight years of working as a taxi driver in Kenya's capital, Judith Chepkwony has never seen business this bad.

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Hard-pressed Kenyan drivers defy Uber's algorithm, set their own fares  In eight years of working as a taxi driver in Kenya's capital, Judith Chepkwony has never seen business this bad.

Fed's pandemic-era vow to prioritize employment may soon be tested  Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in a quarter of a century.

Venture capital firms making bets on maternal health  After working as a doula for 10 years, Kortny Feutardo took her first Maryland Medicaid patient in January, providing the new mom with care coordination and counseling.

Physical buyers win battle for copper market as funds retreat  Investors fleeing the copper market are likely to be sidelined for many months, leaving the field clear for physical players who expect demand in top consumer China and elsewhere to deteriorate over coming months and weigh on prices.

Lendlease reports $1 bln loss amid strategy shift, regulatory delays  Australia's Lendlease on Monday reported a wider annual loss as the real estate developer grappled with the impact of an operational strategy shift and delays in reviewing the sale of community projects.

Estee Lauder sees bleak 2025 results; CEO Fabrizio Freda to retire  MAC lipstick maker Estee Lauder forecast 2025 profit and sales below estimates as the global beauty market struggles with slowing demand, and said long-time CEO Fabrizio Freda was retiring, sending its shares down 10% in premarket trading.

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports  Minneapolis Fed President Neel Kashkari said it was appropriate to discuss potentially cutting U.S. interest rates in September because of the rising possibility of a weakening labor market, the Wall Street Journal reported on Monday.

AMERICAS Greenback in the red as Jackson Hole looms  A look at the day ahead in U.S. and global markets from Samuel Indyk

Oil pipeline capacity to spare Canadian exports from looming rail dispute  A looming labor dispute at Canada's two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans Mountain and other pipelines, people close to the matter said.

Southwest digs in for boardroom battle with Elliott  Southwest Airlines is girding itself for a fight with Elliott Investment Management, rallying support from investors and employees to face down an activist investor looking for wholesale changes to company leadership.

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