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Ride share and food delivery drivers to strike on Valentine’s Day

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Thousands of drivers affiliated with ride-sharing giants Uber and Lyft, as well as food delivery app DoorDash, are poised to stage a widespread strike on Valentine’s Day.

This marks the first major strike action since the public listing of Uber and Lyft in 2019.

Drivers intend to gather outside airports and Uber offices across the nation, highlighting their grievances regarding pay disparities.

The announcement comes shortly after Lyft’s commitment to bridging the gap if drivers earn less than 70% of what passengers pay after deductions.

Lyft response

“We are constantly working to improve the driver experience,” Lyft stated ahead of its upcoming quarterly results announcement.

Independent contractors driving for these platforms have long criticised the companies for taking disproportionately high commissions, leaving them struggling to make ends meet.

Shantwan Humphrey, a driver from Dallas, Texas, emphasised the challenges faced by drivers: “By not paying drivers a livable wage, drivers are barely able to afford the bare necessities.”

The Justice For App Workers coalition, representing approximately 130,000 drivers and delivery workers, revealed plans to halt airport rides between 11 am and 1 pm in ten U.S. cities as part of the strike.

Dwindling earnings

Nicole Moore, president of the California-based Rideshare Drivers United union, expressed frustration over dwindling earnings due to algorithmic pricing. “Whatever calculations and algorithms they’re using, it’s absolutely useless,” Moore remarked.

Data from Gridwise, which analyses gig mobility, showed a 17.1% decrease in monthly average gross earnings for Uber drivers in 2023, while Lyft drivers experienced a modest 2.5% increase.

Despite these figures, Uber defended driver earnings, citing an average of $33 per utilised hour as of Q4 2023, with the majority of drivers reportedly content with their earnings.

DoorDash, another major player in the gig economy, did not immediately respond to requests for comment on the impending strike.

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Big banks, inflation, and earnings: What to watch this week

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

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Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.


This week is packed with financial news as major banks and corporations release their earnings. JPMorgan, Wells Fargo, and Goldman Sachs will reveal their year-end results, offering insight into the health of the banking sector. CEO Jamie Dimon of JPMorgan has already highlighted uncertainty in the U.S. economy, making investors watch closely.

In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.

All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.

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#InflationWatch
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Boeing hits seven-year high in plane deliveries as demand soars

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

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Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.


Boeing has reached its highest level of airplane deliveries in seven years, marking a strong recovery after a challenging period for the aerospace giant. The company is ramping up production of its 737 Max and 787 Dreamliners to meet growing demand from airlines worldwide.

Investors are optimistic as Boeing shares have climbed significantly over the past year, reflecting renewed confidence in the company’s long-term prospects. Airlines are responding with new orders, and Boeing has already secured 1,000 gross orders through November.

Alaska Airlines recently placed an order for 105 Boeing 737 Max 10 jets, further signalling industry faith in the manufacturer. Robust travel demand continues to drive growth for Boeing and its competitor, Airbus, highlighting a rebound in global air travel.

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#Boeing #Aerospace #737Max #Dreamliner #AirlineIndustry #AviationNews #InvestorNews #AirTravel


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Wall Street hits record highs as markets shrug off Venezuela tensions

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

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US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.


US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.

The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.

The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.

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