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Mobility

Uber wait times rise in some U.S. cities as prices jump, analysis finds

An analysis found that in some U.S. cities, Uber users are waiting longer for cars while paying sharply higher fares. Len Sherman, an adjunct professor at Columbia Business School, analysed 37,500 completed trips across six cities and said the time from driver matching to vehicle arrival in the first quarter of 2026 rose an average 19 percent from the first quarter of 2023. Average per-mile fares paid by passengers rose 53 percent over the same period.

Crypto

Bitcoin posts 40 percent quarterly gain, strongest since Q4 2024

Bitcoin rose 40 percent over the latest quarter, marking its strongest quarterly performance since the fourth quarter of 2024. The rally steepened after the U.S. Treasury said it would expand bond buybacks, with bitcoin up about 30 percent since Aug. 19. The price was around $83,698, little changed over 24 hours but up 6 percent as of the 30th. Some analysts pointed to stabilisation efforts in Treasury yields and renewed interest in so-called dilution-hedge trades.

Games & Commerce

Xbox CEO rules out sale report

Microsoft has formally denied reports that it is seeking to sell Xbox as the gaming business undergoes major restructuring. Xbox Chief Executive Asha Sharma said in an interview that Xbox is not on the market, and that the company will take steps needed to put the business on a successful track while reviewing partnerships and operating models. The reports spread after media said Microsoft had discussed a spinoff or a more independent structure, but no official sale plan has been announced.