Tag Archive US news

ByCab4Now.com

Female drivers feel abandoned by Uber and Lyft after reporting a sexual assault

One month into driving for Lyft around Atlanta, Alicia Dukes was sexually assaulted by a passenger on 21 April after she drove him to a gas station and back to his apartment.

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ByCab4Now.com

Uber braced for bumper tax bill as authorities begin examination

Uber is under investigation by US and foreign tax authorities, the company confirmed on Tuesday, saying it could face charges in key markets including the UK.

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ByCab4Now.com

The gig is up: America’s booming economy is built on hollow promises

Uber just filed its first quarterly report as a publicly traded company. Although it lost $1bn, investors may still do well because the losses appear to be declining.

Uber drivers, on the other hand, aren’t doing well. According to a recent study, about half of New York’s Uber drivers are supporting families with children, yet 40% depend on Medicaid and another 18% on food stamps.

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ByCab4Now.com

Uber loses more than $1bn in first quarterly report since IPO

Uber lost more than $1bn in the first three months of the year, the ride-sharing company announced on Thursday.

Releasing its first quarterly report since it became a public company, Uber said it now had 93 million customers who are active on a monthly basis, 33% higher than the same period last year. The company’s revenues were $3.1bn for the three months, 20% higher but slower than the 25% annual growth Uber recorded in the prior quarter. Read More

ByCab4Now.com

Gig economy: California bill granting employee status passes assembly

The state assembly in California passed legislation on Wednesday that would require employers to recognize hundreds of thousands of gig workers as employees and could have far-reaching implications for contractors across the US.

In a win for labor advocates, Bill 5 passed 53-11 in the assembly and will now move to the senate. If signed by the governor, the legislation would put into action a decision made by the California state supreme court in May 2018 known as Dynamex, which uses a three-part test to determine if contractors qualify as employees entitled to protections and benefits.

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ByCab4Now.com

How the Amazon-Google-Uber effect sets inflation

Debates about inflation in advanced economies have changed remarkably over the past decades. Setting aside (mis)measurement issues, concerns about debilitatingly high inflation and the excessive power of bond markets are long gone, and the worry now is that excessively low inflation may hinder growth.

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