Amazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour, the company said Thursday. The wage increase is part of Amazon’s $2.1 billion investment this year into its delivery service partner program, which are the legions of contracted firms that handle last-mile delivery of packages from the company’s warehouses to shoppers’ doorsteps. ...
A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board. The crash, which occurred on California’s Interstate 80 west of Lake Tahoe, is being investigated by the NTSB. CAL Fire’s efforts to put out the ...
Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion of the crypto empire that was run by her former boss and ex-boyfriend. In a court filing Tuesday night, the attorneys said that, at most, Ellison should be sentenced to time served and supervised ...
After a successful 2024 Olympics and Paralympics in Paris, the bar has been set high for the next summer Games in Los Angeles in 2028, something that key stakeholders in that event say the city will be ready for. Los Angeles Mayor Karen Bass told CNBC’s Andrew Ross Sorkin at CNBC x Boardroom’s Game Plan sports business event on Tuesday that what ...
The share price of Trump Media plunged more than 10% on Wednesday, a day after majority shareholder Donald Trump gave a widely panned presidential debate performance against Vice President Kamala Harris. The company’s stock price closed at its lowest level since the Truth Social app owner began publicly trading as DJT on the Nasdaq in late March. Investing in Trump Media stock is often seen as a way to bet on the political ...
Internet service providers including Charter, Verizon and Comcast are shifting customers away from the Affordable Connectivity Program, an expired federal internet subsidy that helped low-income households pay for broadband, according to earnings calls and people familiar with the matter. The $14.2 billion program, which went into effect in December 2021, served roughly 23 million households, two-thirds of which had either inconsistent or zero ...
The battle for Rupert Murdoch’s global media kingdom is headed to the biggest little city in the world. Murdoch, the 93-year-old billionaire press baron, reportedly wants to alter the terms of an irrevocable trust so that his eldest son, Lachlan, inherits his throne and keeps control of prized assets such as Fox News and The Wall Street Journal. But three ...
Internet service providers like Charter, Verizon and Comcast have quietly scaled back their efforts to revive the Affordable Connectivity Program, an expired federal internet subsidy that helped low-income households pay for broadband. The $14.2 billion program provided a discount of up to $30 per month for some qualifying households and up to $75 a month for households on eligible tribal land. But it officially ended in June after Congress ...
New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday. ″… In some places — especially in the U.S. — we aren’t always delivering,” Niccol wrote in the open letter addressed to customers, employees and stakeholders. “It can ...
Discount home goods retailer Big Lots filed for bankruptcy protection on Monday after high interest rates and a sluggish housing market slowed demand for its low-priced furniture and decor. As part of its Chapter 11 filing, Big Lots agreed to sell its business to private equity firm Nexus Capital Management for about $760 million, consisting of $2.5 million in cash plus its remaining debt ...