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Stock impact report

Jobless Claims by Uber and Lyft Drivers Revive Fight Over Labor Status [The New York Times]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
California has been in a standoff with the ride-hailing companies Uber and Lyft over their drivers’ status under the law: whether they are contractors or employees. Now the coronavirus crisis has put a spotlight on a related question: Who is responsible for helping those drivers when there is no work?The companies are urging their drivers nationwide to apply for emergency unemployment benefits that federal legislation established last month for the self-employed. But there’s a catch in California: The state doesn’t typically consider them self-employed.Nonetheless, Gov. Gavin Newsom signed an executive order on Wednesday directing the state’s unemployment agency to help workers like Uber and Lyft drivers collect benefits under the federal program, known as Pandemic Unemployment Assistance.That may put the state at odds with the rules of the federal program. U.S. Labor Department officials have emphasized that only workers ineligible for traditional unemployment benefits can receive th Show less Read more
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