Business news summaries — Page 4
Essential facts and source links for recent business stories.
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DoorDash agrees to $131.5 million NYC settlement covering 264,000 Dashers
DoorDash’s $131.5 million New York City settlement covers about 264,000 Dashers underpaid, unpaid or paid late from April 22, 2022, to June 28, 2026; $12.3 million is for missing or late pay. Workers need not file claims, and payments start in fall 2026. -
The A-1 Skyraider’s endurance made it valuable in Vietnam’s jet age
During the Vietnam War, the U.S. Navy and Air Force used the piston-engine Douglas A-1 Skyraider for close air support and rescue escorts. It could carry over 8,000 pounds of ordnance and stay over battlefields for hours; 266 Skyraiders were lost in combat. -
U.S. urges Americans outside the Middle East to reconsider regional travel
The U.S. State Department on Sept. 19 urged Americans outside the Middle East to seriously reconsider travel to or through the region, while telling those already there to stay vigilant amid possible flight cancellations, airspace closures and other disruptions. -
Jim Paulsen's new gauge points to tight US conditions and weaker growth
Economist Jim Paulsen says his new US financial-conditions gauge is in its most contractionary quartile, a level that preceded every major US recession since 1970 in his analysis. He expects weaker growth and rising recession fears, but says a recession is not his base case. -
Costco expands Uber Eats delivery to nearly 600 locations
Costco and Uber expanded their Uber Eats partnership to nearly 600 Costco locations in 47 states, up from 17 states. TheStreet's analysis says app-based delivery could reduce warehouse visits and impulse purchases, potentially hurting sales; it reports no such decline. -
US business activity reaches a 2021 high as supply strains lift costs
US private-sector activity accelerated in September, with S&P Global’s flash composite PMI rising to 58.4 from 56.0, its highest reading since July 2021. New orders surged, while mounting backlogs and delivery delays pushed businesses’ input costs higher. -
Motley Fool says SPDR dividend ETF may cushion recession risks
With recession estimates ranging from 15% to 40%, The Motley Fool says the State Street SPDR S&P Dividend ETF (SDY) could help cushion a downturn. Its case rests on a 25-year dividend-growth record and more than 37% of the portfolio in defensive sectors. -
Trump highlights 13.4% child poverty rate; task force cancels 760,000 Obamacare enrollments
New census data put the child poverty rate at 13.4%; President Trump called it a record low, while experts say it does not fully reflect families’ financial pressures. A White House task force canceled 760,000 Obamacare enrollments over what JD Vance called rampant fraud. -
NYT shareholders seek records on safeguards amid anti-Israel bias claims
Florida’s state pension fund and a conservative think tank sued The New York Times in Manhattan, seeking records on whether its board is safeguarding editorial standards amid allegations of anti-Israel bias and unreliable reporting. The Times had no immediate comment. -
Groundbreaking planned Oct. 1 for 25-acre Cypress district with first Whole Foods
Trademark Property Company plans to break ground Oct. 1 on Dunham Pointe, a 25-acre, 202,000-square-foot retail and restaurant district at Highway 290 and Mason Road in Cypress. It will be anchored by Cypress' first Whole Foods, and 13 other tenants have signed on. -
Oldsmar Village Inn franchisee files for Chapter 11 amid 2024 hurricane losses
Village Inn Oldsmar LLC filed for Chapter 11 Sept. 18, listing about $50,000–$100,000 in assets and $500,000–$1 million in liabilities. An employee said the restaurant remains open; local reporting cites 2024 hurricane losses, weaker sales and higher costs. -
Joby says autonomous Cessna flew 3,199 miles across U.S. with safety pilot aboard
Joby Aviation says a converted Cessna Caravan flew 3,199 miles from Concord, California, to North Carolina’s Outer Banks in September 2026 without pilot control inputs. A safety pilot remained aboard, while remote teams supervised the flight. -
Goldman expects one more Fed hike, then a pause if oil prices retreat
Goldman Sachs expects the Federal Reserve to raise rates once more, at its Oct. 27 meeting, then pause if a sustained oil-price pullback cools inflation. It forecasts Brent at $85 a barrel by December and rate cuts beginning in late 2027. -
WSJ says Romanian crime groups dominate SNAP card-skimming fraud
The Wall Street Journal reports Romanian organized-crime groups target SNAP recipients with skimmers that copy EBT data. USDA says $322 million in likely fraud losses were replaced from October 2022 to December 2024; stolen benefits are no longer federally reimbursed. -
Walmart seeks fashion crown as $100,000-plus households grow fastest among newcomers
Walmart is expanding fashion lines to become America’s No. 1 fashion destination. Denise Incandela says about 80% of Walmart shoppers’ clothing spend went to higher-priced retailers; households earning over $100,000 are its fastest-growing new customer group. -
A Long Island sinkhole rescue spotlights homeowners insurance limits
Long Island homeowner Danielle Tammone fell into an 8-foot backyard sinkhole and was rescued within minutes after neighbors called 911. She is recovering from whiplash and muscle pain; experts say standard homeowners policies often exclude damage from ground collapse.
