A California appeals court on Thursday unanimously ruled against ride-hailing companies Uber Technologies and Lyft, saying they must reclassify their drivers in the state as employees. Fred Katayama reports.
Between COVID-19 and various efforts across the country to make it downright difficult to vote, the challenges of voting are becoming increasingly obvious. Following the lead of major retails, US tech giants like Twitter and Salesforce are giving their employees Election Day off in order to vote. According to Business Insider, rideshare company Uber is giving employees the day off as part of their 'Get Out the Vote' effort.
In just six months, the coronavirus pandemic has left more Americans unemployed than during the entire 18 months of the Great Recession. According to Business Insider, it's not just small businesses and local bars and restaurants that are feeling the pain. Travel and hospitality have taken a major hit. Besides major airlines, Uber and hotel giants Hilton and Marriott have announced furloughs.
The ride-hailing company said Tuesday 100 percent of its vehicles globally will be battery-powered in 20 years. It's committing $800 million to help drivers switch over their vehicles. Caroline Malone reports.
On Saturday, Sen. Lisa Murkowski said that will vote to confirm Amy Coney Barrett to the Supreme Court. Murkowski was opposed to confirming a Supreme Court judge to the court so close to the election. She decided to back Barrett due to her judicial philosophy. "I have concluded that she is the sort of person we want on the Supreme Court," Murkowski said. "I have no doubt about her intellect," she said from the Senate floor. Business Insider reports that Barrett is on the verge of confirmation.
On Monday, Dunkin' Brands surged 18%. The New York Times reported that Dunkin' Brands held preliminary talks to go private in a deal worth at least $8.8 billion. Dunkin' confirmed that it is in talks to go private. Inspire Brands would buy out Dunkin' for $106.50 per share. Business Insider reports that increase represents a potential upside of 20% from Friday's close. Inspire Brands is a private-equity backed firm that owns Arby's, Buffalo Wild Wings, Sonic Drive-In, and Jimmy John's.
America's coronavirus deaths could surpass 511,000 by the end of February. According to Business Insider, the staggering number comes from a new University of Washington model. The model also found that nearly 130,000 of those lives could be saved if 95% of Americans wore masks. The problem officials found is that only 60% of Americans say they always wear a mask in public. Researchers found that mask-wearing could also delay the need for lockdowns.
Former state legislator Jaime Harrison is challenging GOP Sen. Lindsey Graham. He is hoping to take Lindsey Graham's spot for US Senate in South Carolina. Graham is one of the most high-profile Republican Senators and a vocal supporter of Trump. Graham is seeking a fourth term to office in 2020, according to Business Insider. Harrison is putting up a formidable fight in deep-red South Carolina, narrowly outpacing Graham.
If you've managed to get your bachelor's degree, congratulations! And if you're thinking about grad school, get your piggy bank out and start saving. According to Business Insider, getting a master's degree or Ph.D. in your chosen field can be a smart career move, but it can also be a financial time bomb. If you want to go to grad school five years from now, start saving. First, research schools, tuition, and determine your monthly and annual living expenses.
A California appeals court has upheld an order requiring Uber and Lyft to treat their California drivers as employees instead of independent contractors, less than two weeks before voters will be asked..