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19h ago

Uber pays $178 million to end legal fight with Australian taxi drivers

A law firm representing 8,000 taxi and hire car drivers said they suffered financial losses due to Uber’s aggressive entry into the market in 2012.
Australian taxi drivers impacted by the rise of ridesharing giant Uber have won US$178 million in compensation, lawyers said on March 18 after settling a gruelling legal battle. More than 8,000 taxi drivers and hire car owners banded together to launch legal action in 2019, arguing they lost substantial income when Uber entered Australia in 2012.
Australian taxi drivers impacted by the rise of ridesharing giant Uber have won US$178 million in compensation, lawyers said on March 18 after settling a gruelling legal battle. More than 8,000 taxi drivers and hire car owners banded together to launch legal action in 2019, arguing they lost substantial income when Uber entered Australia in 2012.
2d ago

Inflation seems stubborn, but people keep spending. What's going on?

Consumer sentiment has plateaued and pump prices are inching higher, but economists and Wall Street remain broadly optimistic. Here’s why.
A shopper pushes a cart in the produce section of Reading Terminal Market.
A shopper pushes a cart in the produce section of Reading Terminal Market.

It's just water in a can. How did Liquid Death become a billion-dollar brand?

For an increasing number of consumers, the brand represents a fun way to enjoy nonalcoholic beverages.
Liquid Death mountain water cans
Liquid Death mountain water cans
3d ago

Meet the families who've taken children as young as 2 to Everest Base Camp

Base Camp sits 17,600 feet above sea level, and the standard round-trip trek is 80 miles long. That didn’t deter these four parents.
Hazel Matulis at Everest Base Camp in 2022.
Hazel Matulis at Everest Base Camp in 2022.

What the National Association of Realtors' settlement means for consumers and brokers

New rules could start saving home buyers and sellers thousands of dollars in lower commissions as soon as this summer, but experts say it will take the market some time to digest the changes.
An "Open House" sign outside of a home in Washington, DC. on Nov. 19, 2023.
An "Open House" sign outside of a home in Washington, DC. on Nov. 19, 2023.
3d ago

Prosecutors want FTX co-founder Sam Bankman-Fried to serve at least 40 years behind bars

"The scope, duration, nature, and sheer number of" crimes committed by the FTX co-founder demand a lengthy prison sentence, federal authorities said.
FTX Founder Sam Bankman-Fried Attends Court
FTX Founder Sam Bankman-Fried Attends Court

Boeing and Alaska Airlines point fingers at each other in lawsuit over door plug blowout

The legal filings represent the first formal response from each company to any of at least three lawsuits filed in the wake of the Jan. 5 incident.
Image: A door plug area of an Alaska Airlines Boeing 737 Max 9 aircraft
Image: A door plug area of an Alaska Airlines Boeing 737 Max 9 aircraft

EXCLUSIVE

3d ago

EXCLUSIVE

Israel weighing the use of private security contractors to protect aid shipments to Gaza, officials say

Current and former U.S. officials said the Israeli government has approached several security firms already. The U.S. is wary of having Americans provide armed security, the officials said.
Palestinians walk through the destruction from the Israeli offensive
Palestinians walk through the destruction from the Israeli offensive
3d ago

Target to limit self-checkout to 10 items or fewer as Walmart also adjusts

The move away from a Covid-era norm comes as Target and other retailers say they've been battling theft.
Plastic bags hang on a self checkout kiosk at a Target store
Plastic bags hang on a self checkout kiosk at a Target store

Home buyers to be spared broker commissions up to 6% under Realtor group settlement

Consumer advocates say the National Association of Realtors' legal agreement, if approved, could save buyers and sellers thousands of dollars and lead many buyers to forgo agents entirely.
A sale sign stands outside a home
A sale sign stands outside a home
3d ago

Eva Longoria awarded $50 million for charity as part of Bezos annual prize

The money is part of Bezos' “Courage & Civility” award to philanthropists. The actress's foundation has created mentorship and educational programs for Latinas.
Eva Longoria
Eva Longoria

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