A judge ruled Monday that Uber Technologies Inc. and Lyft Inc. must classify their drivers as employees due to a new California law, a decision that threatens the business models of the ride-hailing giants and other gig-economy companies.
A week after a bullish golden cross pattern formed in the Dow Jones Industrial Average, a pair of important stock-market indexes are also beginning to generate upbeat chart formations—suggesting that a mostly technology-driven rally may be fanning out somewhat to other sectors of the market.
The Trump Administration outlined a plan Monday to commercialize a swath of military radio frequencies for use in next-generation 5G networks, yielding to cellphone carriers that have sought the spectrum for their own use.
ANGI Homeservices Inc. saw revenue climb 7% in July amid continued demand for home-improvement projects during the pandemic, but that growth marked a slowdown from the prior two months.
Investors are becoming more confident about the continuing economic recovery, ignoring fears that new spikes of the coronavirus pandemic throughout the continent might prompt a return to partial or total lockdowns.
Stock-market benchmarks finished mostly higher on Monday as investors monitored signs that a long-awaited rotation on Wall Street into more economically sensitive cyclical stocks could be brewing, but at the expense of their highflying counterparts.