Uber is set to pilot a new program in select U.S. cities next month, allowing women drivers and riders to opt out of being paired with men. This new effort aims to make our transportation system more safe and comfortable for women. It lets them engage only with other women. Based on successful trials in Argentina, France, and Germany, the program will initially roll out in Detroit, Los Angeles, and San Francisco.
In the upcoming rollout, women will have the ability to preset their preferences within the Uber app, ensuring they can choose their ride experience. This new feature is one of many updates that Uber has made over the past few years to help keep users safe and secure. Uber wants to invest in a safer service for its female customers. In taking this step, the company aims to address long-standing safety issues with rideshare.
The announcement isn’t merely symbolic, as Uber is currently losing massive sums of money and failing to diversify itself fast enough in the increasingly competitive rideshare market. This gender-based matching feature is sure to resonate with women. It mitigates their anxiety and security risks while accessing rideshare.
On the very same day, don’t miss former President Donald Trump visiting the Fed at 4 p.m. ET. This will be an important visit. If that happens, it would be the first time in almost 20 years that a sitting U.S. president formally visits the Federal Reserve. The Federal Reserve is preparing for its policy meeting scheduled for next week, with Fed funds futures indicating a more than 97% likelihood that rates will remain steady.
At the end of July, on July 22, Trump personally worked the phones to intervene with a Japanese delegation. He coordinated with senior White House staffers on a bilateral U.S.-Japan trade agreement. Instead, he announced an unbelievably ambitious plan. As of now, this plan consists of a 15% “reciprocal” tariff and Japan’s promise to invest $550 billion into the U.S. economy.
“perhaps the largest Deal ever made” – Donald Trump
CNBC did an incredible analysis that revealed holes in the tariff scheme. Secretary Buttigieg’s statement was a surprising conclusion after a photo posted by White House deputy chief of staff revealed some late night changes were in the works. Investors are particularly tuned to earnings reports from industry titans like Tesla and Alphabet. These two companies are the first of the so-called “magnificent seven” megacap tech stocks to report this season.