Post Profile

One chart shows how swiftly Uber and Lyft are killing traditional taxis

You've probably heard it before: Uber and Lyft are killing old school taxis. While it may be a tired trend to talk about, according to data from Bank of America Merrill Lynch, it is also true. This trend was put in stark relief in one chart from BAML's monthly review of customer card usage. The bank looks at retail and credit card spending for all BofA customers and showed that while the use of taxi/limo services has spike, the amount spent on traditional car services has tanked.
read more


Related Posts

Exclusive: Merrill Lynch Scraps National Meeting For Small Confabs

Business & Finance : Business Insider: Money Game

By Elizabeth Dilts NEW YORK (Reuters) - Bank of America Corps's Merrill Lynch canceled what had been a traditional national leadership meeting last week and will instead hold smaller, regional gatherings. A Merrill Lynch spokeswoman...

This chart shows the age when most people feel the least happy

Business & Finance : Business Insider: Money Game

People's levels of happiness vary at different points in their life. In a recent note to clients, a Bank of America Merrill Lynch team led by Beijia Ma shared a chart using data from Nielsen, which shows people's self-reported well-...

Bank of America: What to Expect When You’re Expecting Merrill Lynch

Business & Finance : Deal Journal -

New Year’s Day was the official marriage date of Bank of America and Merrill Lynch, who got engaged on Sept. 15 when Merrill Lynch President Greg Fleming persuaded Bank of America to save his bank from a fate worse than Lehman Broth...

BAML: Iran's economy could be twice as big without the Ayatollah's regime and global sanctions

Business & Finance : Business Insider: Money Game

Economists at Bank of America Merrill Lynch (BAML) have published a lengthy report on Wednesday into the Iranian economy, and the effect that the end of the relief from sanctions will have on the country. They've got a great chart s...

Pretty much every economist you’ve ever heard of thinks Uber and Lyft could boost consumer welfare

Business & Finance : Ezra Klein

To be more precise, pretty much every economist you've ever heard of agrees with this statement, which includes a couple of key caveats: Letting car services such as Uber or Lyft compete with taxi firms on equal footing regarding ge...


Copyright © 2016 Regator, LLC