Uber and Lyft lose bid to delay worker reclassification order in California

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Uber and Lyft lose bid to delay worker reclassification order in California

Uber and Lyft have lost their bid to delay a preliminary injunction that will force the two ride-hailing app companies to reclassify its drivers as employees. A California superior court judge denied Thursday the companies request to delay the order from going …
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Farfetch stock rises after company's Q2 sales beat, narrower loss

Shares of Farfetch Ltd. FTCH, +1.93% rose more than 4% in the extended session Thursday after the luxury fashion platform reported a narrower-than-expected quarterly loss and sales that surpassed expectations. Farfetch also announced the departure of …
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SoftBank-backed Chinese online property site KE jumps in debut

KE Holdings Inc., a Chinese online property platform backed by SoftBank Group Corp. and Tencent Holdings Ltd., rose 87 per cent in its U.S. trading debut after raising US$2.1 billion in an initial public offering. The company, also known as Beike Zhaofang, …
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China's days as world's factory over, says iPhone maker Foxconn

TAIPEI • A key supplier to Apple and a dozen other tech giants plans to split its supply chain between the Chinese market and the United States, declaring that China’s time as factory to the world is finished because of the trade war. Hon Hai Precision Industry …
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Fed says it is developing an experimental digital currency

To become a reality, any digital equivalent of cash would need lengthy policy process, and no decision has been made to start one, Fed Gov. Brainard says. Email icon; Facebook icon; Twitter icon; Linkedin icon; Flipboard icon. Print icon; Resize icon …
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