Finance

In Major Win for Gig Workers, Uber Agrees to Pay New Jersey $100 Million for Mischaracterizing Drivers as Contractors

In Major Win for Gig Workers, Uber Agrees to Pay New Jersey $100 Million for Mischaracterizing Drivers as Contractors

A driver and passenger wear face masks as Uber and Lyft drivers with Rideshare Drivers United and the
 Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California.Photo: Mario Tama (Getty Images) Uber may have built its hailing …

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GM's Cruise to Launch Robotaxis in Austin and Phoenix by End of 2022

GM’s Cruise to Launch Robotaxis in Austin and Phoenix by End of 2022

Kyle Vogt, speaks near the new Cruise Origin, at the unveiling of the new, fully autonomous passenger vehicle in San Francisco, Calif., on Tuesday, January 21, 2020.Photo: Carlos Avila Gonzalez/The San Francisco Chronicle (Getty Images) Cruise will launch its autonomous taxi service in Phoenix and Austin before the end of 2022, according to Kyle Vogt, …

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Binance Will Transform Users' Stablecoins to Its Own Brand of Coin, and They're Not Asking First

Binance Will Transform Users’ Stablecoins to Its Own Brand of Coin, and They’re Not Asking First

Binance founder and CEO Chinese-born Canadian Changpeng Zhao, who also goes by CZ, is a prolific tweeter, but all his talk of “courage” all seems to point to attempts to corner the market.Photo: ERIC PIERMONT/AFP (Getty Images) In a few weeks’ time, stablecoin holders on Binance will find their crypto doesn’t carry the same name, …

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Almost Nothing Can Stop Porsche's IPO, Say Executives

Almost Nothing Can Stop Porsche’s IPO, Say Executives

Image: Porsche Porsche and Volkswagen are dead-set on the former’s stock-market debut, Honda is making the supply chain partnerships it needs, and the Bronco accessory business is booming. All that and more in The Morning Shift for Tuesday, September 6, 2022. 1st Gear: Well, Porsche Seems Determined While your friends who run The Morning Shift …

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An economist studied popular finance tips. Some might be leading you astray

An economist studied popular finance tips. Some might be leading you astray

Personal finance smackdown Pixabay hide caption toggle caption Pixabay Personal finance smackdown Pixabay Managing your money is obviously an important part of being a responsible adult. But how should you do that? It turns out that there’s a large gulf between the advice given by the authors of popular finance books and academic economists. In …

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Greater St. Louis wins big federal grant to jump-start advanced manufacturing

Greater St. Louis wins big federal grant to jump-start advanced manufacturing

ST. LOUIS — A $25 million federal grant the Biden administration announced Friday will help jump-start work on an advanced manufacturing innovation center in north St. Louis and pay for workforce training and entrepreneurship programs across the region. The grant, part of the U.S. Economic Development Agency’s $1 billion Build Back Better Regional Challenge established …

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Apple's Secretive AR/VR Headset Might Have Two Options, Custom Processor

Apple’s Secretive AR/VR Headset Might Have Two Options, Custom Processor

Photo: AFP (Getty Images) Is Apple secretly funding a shadowy shell company to buy up trademarks related to its in-development VR/AR headset? That’s the latest juicy speculation out of the Apple headset rumor mill over at Bloomberg. The new report cites trademark filings in nearly a dozen countries for names like, “Reality One,” “Reality Pro,” …

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Elon Musk Says Full Self-Driving Will Be ‘Self-Driving’ This Year, Maybe

Elon Musk Says Full Self-Driving Will Be ‘Self-Driving’ This Year, Maybe

Photo: Odd Andersen / AFP (Getty Images) Elon Musk is sure that this is the year Tesla’s Full Self-Driving system finally learns to self-drive, Honda is investing $4.5 billion in a U.S. battery plant, and France will offer EV leasing for as little as $100 a month. All this and more in The Morning Shift …

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