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.
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JPMorgan Chase says profits jumped sharply ias the bank cashed in billions of dollars of its holdings in Visa Inc., also helped by higher interest rates.