dispatch

FTC issues warning to Uber, Lyft, DoorDash and other 'working in concert' companies

FTC issues warning to Uber, Lyft, DoorDash and other ‘working in concert’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, who the agency says are entitled to protection regardless of classification. The commission adopted a policy statement that details issues construction workers face — including misleading claims about their wages and hours, unfair contract terms and more …

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Ray Dalio says watch out for rates hitting this level as Wall Street stocks will take a 20% hit

Ray Dalio says watch out for rates hitting this level as Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is bracing for a fresh batch of data, including retail sales, on Thursday with a deeper and deeper inversion in the yield curve between bonds at 2 and 10 years giving increasingly gloomy economic signals. There is good news, however, as a disastrous rail strike …

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