Uber, Lyft drivers are employees, says California regulator

Drivers working for ride-hailing services such as Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) will be considered employees under California’s new gig worker law, the state’s leading industry regulator said on Thursday.
Read more: https://ca.reuters.com/article/businessNews/idCAKBN23I1XY?source=Snapzu

Stocks post their worst day since March

The Dow's mega-rally hit a roadblock: A somber economic outlook from the US Federal Reserve and the 2 millionth coronavirus case in the United States has investors questioning whether they had boosted the stock market too far, too fast.
Read more: https://www.cnn.com/2020/06/11/investing/global-stocks-coronavirus-fed/index.html?source=Snapzu

Only 25% of Americans think capitalism is good for society

Business leaders like billionaire Ray Dalio have said capitalism is in crisis. A new survey shows most Americans agree, and they want specific change.
Read more: https://www.businessinsider.com/capitalism-in-crisis-how-to-fix-capitalism-for-workers-2020-6?source=Snapzu

The Real Economic Catastrophe Hasn’t Hit Yet. Just Wait For August.

After a terrifying spring spent in lockdown and a summer of protests in the streets, things are going to get a lot worse in the fall.
Read more: https://www.buzzfeednews.com/article/tomgara/economy-recession-coronavirus?ref=bfnsplash?source=Snapzu

3M sues Amazon storefront that allegedly sold fake N95 masks for $23 apiece

The 3M corporation has filed suit against a third-party Amazon seller called KMJ Trading Inc, which allegedly sold more than $350,000 worth of N95 respirator masks, as first reported by The Wall Street Journal. The products were listed for as much as $23 per mask — a huge markup from the list price of $1.27.
Read more: https://www.theverge.com/2020/6/9/21285364/amazon-marketplace-mask-price-gouging-n95-3m-ppe?source=Snapzu

As Diners Flock to Delivery Apps, Restaurants Fear for Their Future

Before the coronavirus lockdowns, Matt Majesky didn’t take much notice of the fees that Grubhub and Uber Eats charged him every time they processed an order for his restaurant, Pierogi Mountain. But once the lockdowns began, the apps became essentially the only source of business for the barroom restaurant he ran with a partner, Charlie Greene, in Columbus, Ohio. That was when the fees to the delivery companies turned into the restaurant’s single largest cost — more than what it paid for food or labor.
Read more: https://www.nytimes.com/2020/06/09/technology/delivery-apps-restaurants-fees-virus.html?partner=IFTTT?source=Snapzu

Best Linux Foundation classes: Introduction to Linux, Cloud Engineer Bootcamp, and more

Want a good tech job? Then you need to know Linux and open-source software. One of the best ways to pick them up is via a Linux Foundation course.
Read more: https://www.zdnet.com/article/best-linux-foundation-classes-and-online-linux-courses/?source=Snapzu