Uber investor Benchmark (a Silicon Valley VC fund) is looking to recover for the lost-investment costs associated with the rocky 2017 at the ride-hailing company, and it has former CEO Travis Kalanick in its crosshairs. Yesterday, Benchmark filed suit against Kalanick alleging fraud and breach of contract and fiduciary duty—all part of an effort to remove him from Uber’s board – NYTimes and WSJ and Bloomberg and Law360
Dealbook’s Common Sense column breaks down the latest surge in the Dow and S&P indices, and it’s not about tech darlings. Nope, look instead to the powerhouse year that Boeing’s had (shares up 50% in 2017)—and the forces driving that performance (from global growth to cost cutting to low interest rates)—for your explanation – NYTimes
The mere specter of the Amazon/Whole Foods combo has been enough to crater Blue Apron’s still-nascent IPO. But what’s actually ahead for these two very different companies? The Journal takes a crack at sorting it all out for us – WSJ
Remember all of that boring-markets talk of late? Yeah, well, no more – Bloomberg and MarketWatch
Streetwise is back with a cautionary tale. Heed the lessons of the financial crisis that began a decade ago or be forced to repeat them now. [Because the current expectations/reality mismatch is awfully significant again] – WSJ
Rental-home powerhouses Blackstone and Starwood have agreed to join forces in a $4.3 billion deal that to some, at least, signifies a housing market that “recovered much of the ground it lost in the financial crisis” and could “set the stage for other institutional investors to join forces” – NYTimes
With its troubles not fading away any time soon, Wells Fargo’s board is looking at shaking things up, starting at the top – WSJ and Reuters
Thanks to some handy research from the Labor Department, the Upshot is happy to deliver up to you your Opposite Job, complete with lengthy explanation of its output – NYTimes
Some good advice for back-to-school season, especially for those of us [gulp] sending our firstborns off to grade school for the very first time – NYTimes