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Uber and Lyft Lose Bid to Continue to Exploit Their Drivers Just for Less

Photo: Mario Tama (Photos of Getty) On Thursday, a California judge rejected Uber and Lyft’s moves to delay a previous injunction mandating ridesharing companies to repatriate their contractors as full-time employees. That decision will be implemented on August 20, until which companies are requested a 10-day extension to test an appeal. “I am confident that the appellate court has the …

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Trump Administration appreciates New Fannie Mae, Fredee Mac Mortgage Fee

WASHINGTON – The Trump administration has criticized a move by mortgage finance companies Fannie Mae and Freddie Mac to charge a new fee on certain loans, claiming it could harm consumers. “The White House is deeply concerned about this move, and is reviewing it,” a senior White House official said in a written statement Thursday. “It only appears to help …

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Asian markets are muted as traders await the US deal stimulus deal

Asian markets changed little in early trading Friday, after stocks fell on Wall Street as a halt to a second coronavirus assistance plan continued to emerge on Capitol Hill. Japan’s Nikkei 225 NIK, + 0.06% is almost vague, while the Hong Kong Hang Seng Index HSI, -0.06% slipped by 0.2%. Shanghai Composite SHCOMP, + 0.19% fell 0.2% and the Shenzhen …

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After the attacks and taxes, Amazon seems to be expanding out of Seattle

The masks are worn outside the Amazon spheres in downtown Seattle. (Photos of Getty) After the endless attacks from Seattle City Council, e-commerce giant Amazon appears to be releasing feelings for further expansion outside of Seattle. This could have crushing economic implications in the city. In a daily poll on Puget Sound employees, Amazon asked their workers where they would …

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95% of Chinese consumers prefer to keep WeChat and lose their iPhone

While an executive order signed by US President Donald Trump will ban TikTok in the US starting mid-next month, another executive order from the president prohibits U.S. companies from doing business in the WeChat app which also starts in mid-September. As we mentioned last week, this executive order could backfire on the administration face as it could severely curb iPhone …

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Amazon Considers Leaving Some Employees Outside Seattle

Amazon.com Inc. offers Seattle-based employees a choice of smaller suburban offices, suggesting the outbreak of Covid-19 and a new local tax on employers has pushed the e-commerce giant to consider the successors to its town. In a message to employees Thursday, Amazon asked which communities near Seattle – including Tacoma and Redmond, Washington – they prefer. The message title, shared …

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Tesla Cars Gain Value With Credit Karma

Cars Published in August 13, 2020 | by Johnna Crider August 13, 2020 ng Johnna Crider Do you want proof that Tesla vehicles can appreciate value over time? Look no further than a Tesla owner who is stunned to learn that the value of his car has not dropped, but increased, over the past month. “Tesla Joy” shared a screenshot …

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Fed partners with MIT to develop “hypothetical digital currency”

CoinList co-founder and president Andy Bromberg says many people believe cryptocurrency is a ‘safe haven,’ causing industry growth in the market. The Federal Reserve Bank of Boston is working with the Massachusetts Institute of Technology to develop, test, and research a hypothetical digital currency over a period of two to three years. Federal Reserve Board Governor Lael Brainard said the …

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