Things to know about Uber and Lyft saying they will halt ride-hailing services in Minneapolis

Things to know about Uber and Lyft saying they will halt ride-hailing services in Minneapolis

[ad_1] MINNEAPOLIS — Lyft and Uber have said they will halt operations in Minneapolis because of a new city ordinance that increase wages for app-based drivers, the latest salvo in a longtime fight between gig economy workers and the tech giants. The city’s council vote Thursday overrode a mayoral veto of the measure and means … Read more

Online retailer eBay is cutting 1,000 jobs. It's the latest tech company to reduce its workforce

Consumer product agency issues warning on small magnetic balls linked to deaths

[ad_1] LONDON — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. CEO Jamie Iannone said in a message … Read more

Robot baristas and AI chefs caused a stir at CES 2024 as casino union workers fear for their jobs

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[ad_1] LAS VEGAS — The barista tipped the jug of smooth, foamy milk over the latte, pouring slowly at first, then lifting and tilting the jug like a choreographed dance to paint the petals of a tulip. Latte art is a skill that can take months if not years of practice to master — but … Read more

Why Big Tech Is Still Minding Its Bills

Why Big Tech Is Still Minding Its Bills

[ad_1] Even the deepest pockets have their limits.  Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market … Read more