Lyft and Uber suspended surge pricing in the vicinity of a Brooklyn, New York neighborhood where at least 10 people were shot on a subway train after social media users posted screenshots showing the soaring cost to book rides on the rideshare services. Both companies seemed to have had a …
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FedEx founder Fred Smith will step down as CEO of the package-delivery company that he founded, the company announced on Monday. Smith will step down in June and will be succeeded by the company’s president and chief operating officer, Raj Subramaniam, FedEx said in a press release. Subramaniam will serve …
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Roughly a dozen states are proposing sending tax rebate checks to their residents to offset the highest inflation in four decades, with lawmakers on both sides of the aisle pointing to high gas and food prices as prompting their actions. Among them is Georgia Gov. Brian Kemp, a Republican, who …
Read More »Medical bills have become a source of major financial trouble for millions of Americans, amounting to the largest source of personal debt in the U.S. Now, the top three credit reporting agencies plan to drop most medical debt from consumers’ credit reports starting this summer. Equifax, Experian and TransUnion on Friday …
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Stocks slumped on Friday, falling sharply in afternoon trading as the threat of a possible Russian invasion of Ukraine piled on to mounting concerns about U.S. inflation. Financial markets dived around 1:30 p.m. Eastern time, with losses for the S&P 500 nearly tripling in about half an hour. Similar downdrafts …
Read More »Food delivery workers in New York City, fresh off winning rights to transparency in tipping and the use of restaurant bathrooms, joined with ride-share drivers Tuesday in pressing for more protections, including better wages, health care and the right to unionize. Groups representing about 100,000 such app employees announced the …
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Non-fungible tokens have been this year’s trendy digital collectible, with artists and athletes selling them for upwards of $1 million or more. NFTs will continue to make an impact in 2022 — this time on the job market, experts predict. Job searchers can expect to see major employers spend the …
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Better.com CEO Vishal Garg is apologizing for having fired 900 workers at the mortgage company earlier this month in a video call, saying he “blundered.” Garg has faced a backlash on social media after video leaked of his December 1 firing of 9% of the company’s workers, which he blamed on …
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An Alabama woman who says she was falsely arrested for shoplifting at a Walmart and then threatened by the company after her case was dismissed has been awarded $2.1 million in damages. A Mobile County jury on Monday ruled in favor of Lesleigh Nurse of Semmes, news outlets reported. Nurse …
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The number of Americans applying for unemployment benefits fell for the seventh straight week, reaching a new pandemic low of 268,000. U.S. jobless claims dipped by 1,000 last week from the week before, the Labor Department reported Thursday. The applications for unemployment aid are a proxy for layoffs, and their …
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