This week’s financial headlines (April 26, 2018)

OPEC is standing by its pledge to extend production cuts through the end of 2018, but at the same time prices keep falling

Las Vegas suffered its wettest week of 2018 as four inches of rain fell over seven days

John Catsimatidis doesn’t want to be mayor of New York city any more

The perfect storm of poor weather and competition from Amazon has curtailed Boxed’s outperformance

Private equity firm is investing in a startup to create electric ghost ships

Security software firm Carbon Black announced an investment from prominent ex-Apple lawyer Marta Wohlfarth

Ant Financial publicly confronts Alibaba

Investment in India’s internet industry as diverse as Ola, Flipkart, Paytm, and Goibibo

It is a sign of the times that Uber will no longer set a date when it wants to turn a profit, but stay just long enough to realise it is in trouble.

The company has replaced Steven Sordello, the president of the company who came in to lead its turnaround after the departure of ousted CEO Travis Kalanick.

The company has also asked investors to approve a plan to replace founder Travis Kalanick with the division’s chief executive, Dara Khosrowshahi.

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