London Taxi Drivers to Sue Uber For $1.5 Billion in Losses

The black cab drivers are exploring the possibility of bringing a class action lawsuit against the ride-hailing app, arguing that tens of thousands of them have seen their earnings dwindle with Uber's presence in the British capital. Last month, Uber [won back its license](https://cheddar.com/videos/uber-wins-back-license-to-operate-in-london) to operate in London, after the transportation authority initially cited the company's poor working conditions. Cheddar's Kristen Scholer and Tim Stenovec get into the latest.

More In Business

The US is Facing Economic Woes According to Polling. But Is It Really?

What’s happening with this economy, and why does everything appear much weaker than initially thought?

The Biggest Takeaways from the Google Algorithm Leaks

Is this an SEO gold mine?

Today’s Inflation Report Is Great News If You Want Lower Rates

With a cooler-than-expected inflation report, the chances of a rate cut in September just ticked higher, this analyst says.

Dog fight! Joey Chestnut Out of July 4th Hot Dog Eating Contest

Organizers said that the 40-year-old struck a deal with a competing brand. That's a red line for the Nathan’s-sponsored event.

Apple Intelligence Will Give Your iPhone an IQ Boost

Apple is going all-in on A.I. features, from conversational Siri prompts to custom emojis... but will it be enough to get consumers hooked?

Overall, the Economy Holds Up, But Some Americans Are ‘Struggling’

With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.

Credit Card Delinquencies Are Rising. What To Do if You’re at Risk

The share of credit card debt that’s more than 90 days overdue rose to 10.7% during the first quarter of 2024.

Nvidia’s Q1 Highs Lift Markets, But Consumer Spending Slowdown Looms Large

Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.

Robinhood's $200M Bitstamp Buy: Crypto Ambitions Soar Higher

Robinhood's largest-ever $200m acquisition of Bitstamp accelerates its crypto expansion, challenging Binance and Coinbase.

The Case for Zero Rate Cuts in 2024 – And Why That’s a Good Thing

Barron’s latest cover story suggests the data will not support the Fed cutting rates this year. That means the economy is working.

Load More