Money

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

Published

2 years ago

February 13, 2024

ticker NEWS, Ahron Young

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.

Money

How to position investments for 2026: Expert advice on market cycles

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

Published

10 hours ago

January 14, 2026

Harvey Vargas

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

As 2026 begins, investors are navigating an evolving market landscape. Experts stress that positioning your investments strategically is far more important than trying to predict market movements.

Key factors include focusing on quality companies, maintaining strong cash flow, and diversifying intelligently.

Dale Gillham from Wealth Within Group joins us to break down what defines a major market cycle and why understanding it can shape your investment approach. From identifying inflation-resilient businesses to selectively tapping into growth themes like AI, this discussion covers essential strategies for the year ahead.

We also explore the role of risk management, the importance of an exit strategy, and how emotional decision-making can impact your portfolio. For anyone looking to strengthen their investing education and skills, this episode offers actionable insights to gain an edge in 2026.

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#Investing2026 #MarketCycles #WealthManagement #AIInvesting #FinancialStrategy #RiskManagement #InvestmentTips #TickerNews

Money

Markets in 2026: Fed rates, gold surge, oil tensions & AUD strength

As 2026 begins, markets face economic shifts; gold and silver soar, while energy and currencies impact global investors.

Published

1 day ago

January 13, 2026

Harvey Vargas

As 2026 begins, markets face economic shifts; gold and silver soar, while energy and currencies impact global investors.

As 2026 begins, global markets face a mix of economic shifts and geopolitical tensions shaping currencies, commodities, and interest rates. The Federal Reserve’s next moves are under the microscope, and Zoran Kresovic from Blueberry Markets says understanding these changes is key for investors navigating the year ahead.

Gold and silver are hitting all-time highs, driven by market volatility and economic uncertainty. Kresovic notes that both metals are likely to continue climbing, remaining essential safe-haven assets amid inflation concerns.

Energy markets are also volatile, with crude oil prices rising amid geopolitical tensions. Meanwhile, the Australian dollar is showing strength against the U.S. dollar. Kresovic highlights that these trends in energy and currency markets can ripple across the global economy, making them critical for investors to watch.

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#MarketUpdate #FedRates2026 #GoldPrices #SilverSurge #CrudeOil #AUDUSD #InvestingInsights #TickerNews

Money

Stocks hit record high as Powell faces investigation and Trump proposes credit cap

S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.

Published

2 days ago

January 13, 2026

Harvey Vargas

S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.

The S&P 500 reached a new all-time high, with the Nasdaq climbing 0.5% while the Dow Jones held steady. This comes amid news of a criminal investigation into Federal Reserve Chair Jerome Powell. Despite the scrutiny, analysts believe short-term interest rates and inflation are unlikely to be impacted.

Meanwhile, Trump’s proposal to cap credit card rates at 10% for a year sparked concern among investors about potential effects on lending and bank profitability. Major bank stocks reacted sharply, with Citigroup down 3% and Capital One falling 6%.

In commodities, gold futures rose 2%, reflecting fears that political pressure on the Fed could challenge its ability to manage inflation effectively.

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#StockMarket #SP500 #Nasdaq #FederalReserve #JeromePowell #TrumpNews #BankStocks #GoldFutures