CHANDAN KHANNA/AFP via Getty Images Joe Biden's presidency is likely good news for Uber and Lyft. The companies won big in California with Prop. 22, a law the President-elect was vocally opposed to. With the new gig-work model in place, companies are likely to try and replicate it in other states. Federal efforts to classify drivers or couriers as employees are likely to fall flat thanks to a divided congress, experts say. Visit Business Insider's homepage for more stories.
DoorDash, the U.S. food delivery startup backed by SoftBank Group, made public on Friday its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster IPO before the end of the year. Fred Katayama reports.
Voters in California look to have backed a ballot proposal by Uber and its allies that cements app-based food delivery and ride-hail drivers' status as independent contractors, not employees, according to a projection by data provider Edison Research. Emer McCarthy reports.
A “spectacular” 10ft floral bodysuit worn by Lady Gaga in her latest musicvideo could sell for as much as £20,000 next month in London. The pop star,34, wore the hand-painted and appliqued leather bodysuit, called the FloralAlien, during the shoot for the song 911 which was filmed in the desert regionof Valencia in California this August.
Credit: PA - Press Association STUDIO Duration: 01:16Published
In this episode of #SiliconValley2.0, hosted by Sabrina Halper, we bring you a conversation with HelloAva co-founder Siqi Mou. Born in China, Siqi moved to California to attend Stanford University. After graduating, she worked at JP Morgan and was an on-air anchor for Bloomberg Indonesia. Eventually, she found herself back at Stanford for business school. It was there, as part of a class project, that she began to work on the idea behind HelloAva. HelloAva Inc is a tech-enabled beauty personalization startup which combines artificial intelligence and human expertise. This cutting edge, data-driven approach has led them to over 1.6 million skincare consultations. Applying the pillars of modern technology onto the ever-growing beauty industry has helped this start up stand out. In this episode, you can hear about Siqi’s path to her start-up, her insights into the future of the industry, and her personal approach to following her dreams. Silicon Valley 2.0 is a fortnightly series that showcases the next generation of entrepreneurs and businesses that have the potential to scale new heights.
Credit: HT Digital Content Duration: 16:49Published
Spartan Capital Securities chief market economist Peter Cardillo tells Reuters Fred Katayama investors are overly optimistic on the impact of vaccines as AstraZeneca's trial data comes under question. He also provides his view on retailers' prospects for the holiday shopping season.
The S&P 500 and the Dow retreated Wednesday as a surprise rise in weekly jobless claims added to signs the recovery of the labor market was stalling amid a surge in COVID-19 infections. Fred Katayama reports.
Leaders of the world's 20 biggest economies on Sunday will pledge to pay for a fair distribution of COVID-19 vaccines, drugs and tests around the world so that poorer countries are not left out, and to extend debt relief to them, a draft G20 communique showed. Fred Katayama reports.
Wisconsin's governor on Friday extended a statewide mask mandate despite a legal challenge from conservatives, renewing an emergency health order requiring face coverings in public spaces to curb an alarming surge in COVID-19 infections. Fred Katayama reports.
California voters have passed Prop 22, making ride-hailing drivers contractors instead of employees. Drivers can continue to dictate their own schedules and collect 120 percent of the state's minimum..