Lyft joins Uber in charging riders for rising fuel prices

Published

2 years ago

March 15, 2022

Natasha Schapova

Rideshare company Lyft is now joining Uber in adding a surcharge on its trips to make up for rising petrol prices

This temporary fee will go directly to drivers to help them deal with the surging costs in filling up their tanks.

It is still unclear exactly how much riders are expected to pay in additional fees.

This change comes as more and more drivers have become more upset with rising petrol prices in recent weeks, eating into their earnings.

Some drivers had even threatened to quit and called on rideshare companies to step in to help relieve some costs.

This follows a steep increase in petrol prices around the world amidst the war in Ukraine, with the U.S. seeing increases of over one dollar per litre compared to the previous year.

Uber announced only last week that it would also be adding a surcharge on fares and deliveries within the U.S. and Canada for a minimum of two months.

Uber users will pay up to 55 cents more per trip, with Uber Eats deliveries incurring up to a 45 cent surcharge.

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending