Uber Eats, Postmates, Grubhub and DoorDash face proposed class action lawsuit over charging exorbitant fees midst coronavirus pandemic

In a proposed class action suit filed in Manhattan federal court, three customers have sued GrubHub, Postmates, DoorDash, and Uber Eats for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices; this includes the current timeframe of the coronavirus pandemic when most U.S. cities are…

Tesla to suspend production at California & NY factory to curb spread of Wuhan coronavirus

In a statement Tesla Inc said, starting from March 24 it will suspend production at its California vehicle factory so as to comply with local orders aimed at curbing the spread of coronavirus. Tesla’s New York factory will also temporarily suspend production, while operations at its Nevada plant will continue. “Despite taking all known health…

Goldman Sachs faces probe on credit limits set by Apple Card algorithms

Following a tweet from David Heinemeier Hansson, a tech entrepreneur, which alleged a discrimination in Apple Inc’s new credit card algorithms that are used to determine credit limits, a probe has been initiated into Goldman Sachs Group Inc’s credit card practices. According to Hansson’s tweet, Apple Card has given him a credit limit that is…

Virtual currency exchanges at risk of market manipulation: Report from NY Attorney General’s office

The report by NY Attorney General’s office is based on a study of several online platforms where virtual currencies, including bitcoins, are regularly traded. According to a report published by the New York Attorney General’s office, cryptocurrency exchanges are typically plagued by poor market surveillance, lack sufficient customer protections, and have pervasive conflicts of interest.…

Israel’s flag carrier El Al Israel Airlines Ltd to commence non-stop flights between Tel Aviv and San Francisco

With Israel being home to one of the biggest tech sectors in the world, the carrier is strategically re-branding itself and expanding its footprint in North America. On Wednesday, Israeli Airlines El Al Israel Airlines Ltd stated it will commence nonstop flights between Tel Aviv and San Francisco as it continues to expand its footprint…