Uber is suing the city over its plan to raise the minimum wage for ride-share drivers by nearly 24% per mile – claiming the drastic hikes will damage the entire ride-sharing industry, new court papers allege. The city Taxi and Limousine Commission last month approved the first increase in metered fares since 2012 — including … Read more
Goldman Sachs CEO David Solomon seems to have put the firm’s esteemed partners on his “naughty list” this year. The Wall Street tycoon will shrink the bonus pool for the roughly 400 partners by as much as half, according to a report. While the decision won’t be finalized until the end of the year, the … Read more
A Los Angeles area topless bar violated federal law when it laid off three exotic dancers and locked out 15 other strippers who launched a unionization drive to protest hazardous conditions, the National Labor Relations Board ruled. The NLRB regional office in LA filed a complaint which states that the strippers’ claims that they were … Read more
A longtime senior Apple executive fired this fall after joking in a viral TikTok that he “fondles big-breasted women” said he felt “humiliated” by the company’s abrupt decision. Tony Blevins worked at Apple for 22 years until he was ousted last September in response to the viral TikTok video. In the Sept. 5 video, TikToker … Read more
Billionaire Robert F. Smith hosted a “James Bond”-themed party at his Florida mansion last weekend — but some guests ended up more shaken than stirred by the lavish proceedings at the beachside bash, sources told On The Money. The head of Vista Equity Partners — who with a net worth of $8 billion is the … Read more
US safety regulators are urging drivers once again to make sure their vehicles haven’t been recalled after another person was killed by an exploding Takata air bag. The National Highway Traffic Safety Administration said Friday that the person was killed in a crash involving a 2002 Honda Accord when the driver’s air bag inflator ruptured … Read more
Google CEO Sundar Pichai refused to rule out layoffs when pressed on the topic by anxious employees during an all-hands meeting, according to a report. Pichai fielded questions from employees on Thursday, including one who wondered whether there were plans to “cull” the company workforce sometime next year. “It’s really tough to predict the future … Read more
Juul Labs has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a US youth-vaping epidemic, Bloomberg News reported on Friday, citing people familiar with the matter. Last week, Juul said it had settlements with about 10,000 plaintiffs covering more than 5,000 cases in California. The company chose not to disclose … Read more
The former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited in what he can say and that he “won’t be as helpful” as he’d like to be. The tweet came in response to several tweets earlier this … Read more
Famed hedge fund boss Michael Burry appears to have deleted his Twitter account this week, just hours after he praised Elon Musk’s leadership of the revamped social media site. The @michaeljburry Twitter handle displayed a message that read “this account doesn’t exist” as of early Friday afternoon, signaling Burry had either deactivated or deleted the … Read more