News 

Uber says drivers aren’t core to its business after California bill moves forward

“AB5 has attracted staunch opposition from gig economy companies, as it could upend their traditional business model of hiring inexpensive contractors” writes Annie Palmer Is for nbcnews.com. California lawmakers passed a landmark bill on Wednesday that threatens to reshape how companies like Uber and Lyft do business. Source: nbcnews.com

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Crypto News 

Tech Firms, Millennials Reshape the Future of Cryptocurrency

“A portion of them also claimed that virtual money could be a viable form of savings for them” reports livebitcoinnews.com. The future of virtual money remains a major topic of debate, but the younger generation seems more inclined to put their faith on cryptocurrency compared to their older counterparts.This year marks a new chapter for major digital money players to place their bet on their favorite crypto and hope for the best. Source: livebitcoinnews.com

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News 

Senator unveils bold new plan to reshape American capitalism

“Anyone who owns shares in the company could sue if they believed corporate directors were not meeting their obligations” writes Erin Durkin for theguardian.com. The proposal aims to alter a model she says has caused corporations to chase profits for shareholders to the detriment of workers.The legislation would also require 75% of directors and shareholders to approve before a corporation could make political expenditures.Instead, businesses would have to consider all major corporate stakeholders – which could include workers, customers, and the cities and towns where those corporations operate. Source: theguardian.com

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News 

PayPal earnings: Acquisition spree could reshape online-payments giant

“Earnings: PayPal guided for adjusted earnings of 54 cent to 56 cents a share for the quarter” writes Emily Bary for marketwatch.com. The company’s earnings report, scheduled for Wednesday after the bell, will provide investors with their first opportunity to hear from management about how all the new additions fit into the company’s general strategy.Since its last earnings report, the PayPal Holdings Inc. family has gotten a bit bigger.PayPal has beaten FactSet’s earnings figure in every quarter since the company spun out from eBay Inc. Source: marketwatch.com

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