When the red Corolla rolls up before he asks for digits... 5 stars for timing. Uber and Lyft shares soared Thursday after the ride-hailers narrowly avoided a major shutdown. California's AB-5 law required them to reclassify gig drivers as employees by August 20th. Uber/Lyft said nahhh and threatened to suspend service in CA starting Thursday. Just hours before the expected shutdown, a court granted them a reprieve delaying the order. Now Uber/Lyft are urging riders to vote on Prop 22 in November to exclude ride-hailers and delivery apps from the law.
Bagged a bullseye... Target stock hit an all-time high after the retail classic posted its strongest quarterly sales growth ever. Profits jumped a massive 80% after curbside pickup popped over 700%. Plus, online sales nearly 3X'd as Tarjay added a whopping 10M new digital customers in the 1st half of 2020. But its grocery biz is the real MVP — milk and hummus allowed it stay open during lockdowns.