Money

U.S. Justice Dept sues Uber for overcharging disabled people

Published

4 years ago

November 11, 2021

The U.S. Justice Department is taking ride-hailing app Uber to court, suing them over claims it has been overcharging disabled people

The Department claims Uber’s “wait time” fees are discriminating against disabled passengers who need more than two minutes to get into a car.

The DoJ says the ride service needs to comply with the Americans with Disabilities Act known as ADA.

Uber has however responded, stating that wait time fees were not intended to apply to disabled riders and that it had been refunding the fees to those charged.

Kristen Clarke, assistance attorney general for the DoJ’s civil rights division said the lawsuit aimed to send a “powerful message that Uber cannot penalise passengers with disabilities simply because they need more time to get into a car”.

Clarke added that Uber and other ride hailing companies such as Lyft and Taxi services “must ensure equal access for all people, including those with disabilities,”

DoJ says Uber and other ride hailing companies such as Lyft and Taxi services must abide by the ADA. / Image: File

Uber disagrees that it violated the ADA

An Uber spokesperson stated that the company had been in talks with the Department fo Justice prior to the “surprising and disappointing” lawsuit.

The spokesperson stated that fees were “never intended for riders who are ready at their designated pickup location but need more time to get into the car”,

In the statement, Uber revealed it does have a policy of refunding wait time fees for disabled riders whenever they alerted the firm that they had been charged.

“After a recent change last week, now any rider who certifies they are disabled will have fees automatically waived,”
The spokesperson confirmed.

Uber began charging passengers for driver waiting times back in 2016.

Money

AI funding surge: How Nvidia and Oracle are reshaping capital markets

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

Published

8 hours ago

February 4, 2026

Harvey Vargas

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

The AI infrastructure boom is transforming how companies raise capital, with Nvidia and OpenAI leading the charge. Explore the shifts in funding frameworks and what they mean for the future of AI investment.

Oracle is aiming to raise $45 to $50 billion, signalling confidence in the growing AI market. We break down how e

Equity issuance, bond deals, and circular financing are influencing long-term infrastructure development.

Despite rapid growth in AI usage, monetisation challenges remain beyond 2027.

Brad Gastwirth from Circular Technologies explains why financing won’t be a bottleneck and what traditional structures mean for the evolving AI landscape.

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#AIInvestment #Nvidia #Oracle #OpenAI #TechFinance #AIInfrastructure #CapitalMarkets #FutureOfAI

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

2 days ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

2 days ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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