If you haven't exactly been monitoring the performance of office-building investments, that's understandable. With offices sitting empty as employees prefer to work from home, the biggest real estate
Uber Eats and other food service companies sued the city of New York City on Thursday over plans to increase the minimum wage for delivery drivers. Pay for the workers is set to increase to US$17.96 p
Food delivery platforms DoorDash, Grubhub and Uber Eats are challenging in court New York City's new minimum wage law for app food delivery workers.
Uber and DoorDash face significant operational challenges as New York City's new minimum wage law, tripling base pay for gig workers, threatens to disrupt their cost structures and impact their path t

Uber, DoorDash sue NYC over minimum-wage law

12:56pm, Thursday, 06'th Jul 2023
The law will require that drivers be paid $17.96 an hour, which will rise to nearly $20 in April 2025. Companies can decide whether to pay drivers hourly or per delivery.
CNBC's Deirdre Bosa joins 'TechCheck' to discuss why gig economy stocks are hitting session lows after announcing their lawsuit with New York City over the latest minimum wage laws.
Uber Technologies Inc , DoorDash Inc and other app-based food delivery companies filed lawsuits on Thursday seeking to strike down New York City's novel law setting a minimum wage for drivers.
David Trainer has identified a list of "zombie stocks" that he believes will go to zero due to their high cash burn rate and inability to raise new capital. These stocks include companies from various
Bolt, an Estonian ride-sharing and food and grocery delivery company, has appointed Mikko Salovaara as its new chief financial officer ahead of its anticipated initial public offering (IPO). The compa
The companies say new minimum pay rates are based on flawed calculus and will raise consumer prices and limit worker flexibility.
Thio Siew Hua of Lion Global Investors says China's growth is starting to slow down as the government "took their foot off the pedal" on stimulus "prematurely."
Growth stock Uber has gained 74% so far this year. Wall Street estimates 119% earnings growth in 2024 as the company nears profitability.

It's All About Liquidity - David Trainer

06:30am, Monday, 03'rd Jul 2023
David Trainer discusses sectors, stocks and investing strategies. For near-term, it's really all about liquidity.
The ride-hailing and food delivery giant Uber has been surging of late. These ETFs should benefi out of this trend.
The California Supreme Court on Wednesday agreed to hear the appeal of a state appeals court decision that let most of a state law on gig-worker classification stand.
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