London Taxi Drivers to Sue Uber For $1.5 Billion in Losses
The black cab drivers are exploring the possibility of bringing a class action lawsuit against the ride-hailing app, arguing that tens of thousands of them have seen their earnings dwindle with Uber's presence in the British capital. Last month, Uber [won back its license](https://cheddar.com/videos/uber-wins-back-license-to-operate-in-london) to operate in London, after the transportation authority initially cited the company's poor working conditions. Cheddar's Kristen Scholer and Tim Stenovec get into the latest.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
