The decision threatens the business model of the ride-hailing giant and holds broader implications for the so-called gig economy.
Category Archives: business
News organizations struggle to meet diversity pledges despite key hires
“We want employees to know we’re not just window-washing,” said one media diversity executive.
Glitches, grumbles and gratitude: Retail pharmacy vaccine rollout gets mixed reaction
“People don’t have that kind of time to sit and wait,” said one woman who spent a full day trying to book vaccine appointments.
Under fire, Robinhood CEO apologizes to Congress for restricting trading
“Americans feel the system is stacked and, no matter what, Wall Street wins,” said Maxine Waters, chair of the House Financial Services Committee.
This Black-owned tea brand has seen a boom in sales because of 'Bridgerton'
Stephanie Synclair wanted to make her tea a sensual experience. When “Bridgerton” premiered, so did everyone else.
Walmart to hike wages for 425,000 workers to average above $15 an hour
Walmart’s U.S. workforce numbers about 1.5 million people, making it the nation’s largest private employer.
Weekly jobless claims rise to 861,000 vs. 773,000 expected
The state of the labor market remains highly fragile, with around 18 million people receiving some form of unemployment assistance.
Trading hot stocks like GameStop seems fun until you look beneath the surface
Congress is asking questions about whether middlemen or “market makers” like Citadel that execute stock trades really give small investors the best prices.
Roaring Kitty and Robinhood head to the Hill: Key players in the GameStop rally set to testify Thursday
The heads of two of Wall Street’s biggest investment firms, the 34-year-old CEO of the Robinhood trading app and a YouTube investment streamer named “Roaring Kitty” will testify about last month’s “Reddit rally.”
Retail sales soared last month, as shoppers rushed to spend their stimulus checks
“Consumers are just so tired of being cooped up that even though most people are now doing a lot of their shopping online, I think people just wanted to get out,” said one retail expert.