UBER Dec 2024 82.500 put
- Associated Press Finance
Uber and Lyft agree to pay drivers $32.50 per hour in Massachusetts settlement
Drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour under a settlement announced Thursday by Massachusetts Attorney General Andrea Campbell, in a deal that also includes a suite of benefits and protections. The two companies will also be required to pay a combined $175 million to the state to resolve allegations that the companies violated Massachusetts wage and hour laws, a substantial majority of which will be distributed to current and former drivers. Campbell said the settlement resolves her office’s yearslong litigation against the two companies and stops the threat of their attempt to rewrite state employment law by a proposed 2024 ballot initiative.
- Bloomberg
Uber, Lyft Reach Deal With Massachusetts on Driver Benefits
(Bloomberg) -- Uber Technologies Inc. and Lyft Inc. agreed to a series of worker benefits to resolve a longstanding state lawsuit in Massachusetts that challenged drivers’ employment status as independent contractors, putting a stop to the companies’ bid to take the issue before voters in November.Most Read from BloombergBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysBiden’s Disastrous Debate Accelerates Doubts Over CandidacySupreme Court Poised to Allow Emergency Abortions i
- Investor's Business Daily
7 Best Stocks For Magnificent Earnings Growth Next Year
None of our picks is Nvidia or Apple or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.
