Money
Lyft, Uber in the driver’s seat in fight against Texas anti-abortion laws
Those working for rideshare companies across Texas and surrounds are now protected under new driver defense fund.
Rideshare companies are set to cover legal costs for drivers who are sued under a controversial Texas anti-abortion law.
Lyft and Uber announced they’ll take responsibility for any form of punishment drivers encounter under a new rule which threatens drivers for taking passengers where they need to go.
The rule specifically focuses on those driving female passengers to medical clinics for pregnancy-termination purposes.
Both transportation services believe passengers are entitled to not disclosing their reasons for travel, especially those exercising their right to choose and access the healthcare they need.
A passenger’s destination is not a driver’s responsibility
Lyft also says a passenger’s reason for travel is not a driver’s responsibility.
“Imagine being a driver and not knowing if you are breaking the law by giving someone a ride,” Lyft co-founders Logan and John say.
“[Also] imagine being a pregnant woman trying to get to a healthcare appointment and not knowing if your driver will cancel on you for fear of breaking the law.”
In response to the mandate, Lyft has created a Driver Legal Defense Fund to cover 100 percent of legal fees sued under the SB8 rule.
Additionally, Lyft is donating $1 million to Planned Parenthood to help ensure that transportation is never a barrier to healthcare access.
Butting heads with Texas
Texas’ new law, signed this week, prohibits abortions after six weeks of pregnancy
The law also empowers private citizens across the country to sue anyone for aiding abortions past that six-week mark, that includes medical clinics and those who drive women to them.
The announcements from Uber and Lyft come after Bumble and Tinder announced the creation of a relief fund for women seeking abortions.
Written by Rebecca Borg
Money
RBA rate shock: ASX200, Gold and Crypto market
RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.
RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.
The RBA’s latest interest rate decision has sent ripples through the ASX200 and AUD, leaving investors weighing what comes next. We break down how these changes could affect global equities ahead of this week’s crucial non-farm payroll and consumer price index releases.
Zoran Kresovic from Blueberry Markets shares his analysis on the rebound in gold and silver after recent market turbulence, and what factors could drive further gains or sell-offs in the commodities market.
We also dive into the current state of cryptocurrencies, exploring how investors can navigate volatility and what to watch as economic data continues to shape market sentiment.
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#RBA #ASX200 #GoldMarket #SilverRebound #CryptoUpdate #InvestingTips #MarketVolatility #EconomicOutlook
Money
Dow hits record while tech stocks drive market gains
S&P 500 rose 0.7% with Nvidia and Broadcom driving gains; investors await delayed January jobs and inflation reports.
S&P 500 rose 0.7% with Nvidia and Broadcom driving gains; investors await delayed January jobs and inflation reports.
The S&P 500 rose 0.7% on Monday, powered by gains in technology stocks, while the Dow Jones Industrial Average hit new heights. Investors are eagerly awaiting crucial economic reports this week.
Nvidia and Broadcom were among the standout performers, climbing 3% and 4% respectively, continuing the momentum from the previous session. The market rebound comes after significant losses earlier last week, with the Dow exceeding 50,000 for the first time ever on Friday.
Investors now turn their attention to the delayed January jobs report from the Bureau of Labor Statistics, due Wednesday, and the consumer price index for January, expected Friday with a 2.5% annual rise.
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Money
Tech stocks slide as investors rotate into small-cap and value plays
Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.
Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.
U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.
Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.
Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.
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