A big day for short sellers after Nvidia loses $600 billion off its market value.

When New York's law requiring $15 or $20 broadband plans for people with low incomes took effect last week, Optimum customer William O'Brien tried to sign up for the cheap Internet service. Since O'Brien is in the Supplemental Nutrition Assistance Program (SNAP), he qualifies for one of the affordable plans that Internet service providers must offer New Yorkers who meet income eligibility requirements.

O'Brien has been paying Optimum $111.20 a month for broadband—$89.99 for the broadband service, $14 in equipment rental fees, a $6 "Network Enhancement Fee," and $1.21 in tax. He was due for a big discount under the New York Affordable Broadband Act (ABA), which says that any ISP with over 20,000 customers must offer either a $15 plan with download speeds of at least 25Mbps or a $20 plan with at least 200Mbps speeds, and that the price must include "any recurring taxes and fees such as recurring rental fees for service provider equipment required to obtain broadband service and usage fees."

LG Electronics is betting on robotics as its next big growth driver. The South Korean electronics company said on Friday that it has agreed to acquire an

Nvidia, Microsoft, and Arm are among the technology partners.

So I was recently thinking on jobs and came up with this idea for myself which may be nice for others. Whether employers or employees!

Let’s take this idea from a Pizza Delivery Driver

General Per Hour is The amount of tips divided by the hours worked

So if it’s 22$ General Per hour that is like 154$ in tips for a full day but 7 hours worth of tips.

So instead of doing it this way. Which could range from 17$ GPH, to 35$ GPH. An employer could pay their drivers 14-15$ Per Hour. Out of pocket. If GPH is 18$ at medium.

Then the employer would take 16-17$ of the tips. While the driver would keep anything leftover. This way. The employer actually makes a 2$ bonus on the return. Then anything beyond that the driver would keep. So then if they make 18$ GPH they’d in return with this new system make 14-15$ reliably and 1$ per hour from tips at minimum.

Then let’s say it’s an extremely busy day. The Driver would normally make 25$ GPH but in this case they would make 22-23$ per hour. While the company per hour still gets 2$ bonus from return. This way no matter the season a worker can know they’ll reach sustainability for living cost while have the possibility to make more and in return. Let’s say there’s 5-10 drivers. The Employer could make 10-20$ per hour as a bonus.

Hopefully everything makes sense feel free to ask questions or discuss constructively.

The woes of speaker maker Sonos have raised the prospect of a takeover, but who might want to buy it? Also: iPhone SE inventory shrinks ahead of a major revamp; Apple prepares more AI for the Mac even as it removes news summaries; and the company’s former chief people officer lands at HP.

Non Paywall Link: https://archive.ph/8sHVH

Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will "cease operations immediately." The company is liquidating its assets in a

Bumble announced today that founder Whitney Wolfe Herd is returning as CEO after stepping down from the position in 2023.  Wolfe Herd will succeed Bumble announced today that founder Whitney Wolfe Herd is returning as CEO after stepping down from the position in 2023.

Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration.

Intel says that it plans to spin off its corporate venture arm, Intel Capital, into a standalone fund, with Intel as an "anchor investor."

cross-posted from: https://lemmy.world/post/24281721

https://archive.ph/XJpsl

https://ghostarchive.org/archive/tK4co

https://www.washingtonpost.com/business/2025/01/08/1000-auto-loan-car-payment-new-record/

"The 123-year-old department store chain anchors the new company — a joint venture with Sparc Group, which also owns Lucky Brand, Eddie Bauer, Nautica and Aeropostale. The merger will form a new company called Catalyst Brands, representing a gamble that combining the beleaguered brands will create a new powerhouse of mall staples … that also happen to have America’s largest mall operators as major financial backers."

Source Bloomberg article