U.S. stock futures were pointing to a higher open Monday after the Dow, S&P 500 and Nasdaq gained ground on Friday but still broke multiweek winning streaks.
to operate in London. As part of its decision not to renew Uber's license, Transport for London cited a "pattern of failures" that had "placed passenger safety and security at risk." The city regulator had first suspended Uber's license in 2017, raising concerns with the San Francisco-based ride-hailing giant's approach to safety. Following that initial move, Uber had twice been granted a temporary license to continue operating in London.
The ruling would take effect if Uber looses an appeal. Shares of Uber were losing about 5% in the premarket Monday.Former New York City Mayor and founder of Bloomberg Philanthropies Mike Bloombergentered the 2020 Democratic presidential race, launching a multimillion dollar ad campaign following weeks of speculation about whether the billionaire businessman and former New York City mayor would join the already-crowded field.
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