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☆ Gen Z is getting hit hard by inflation
▼ + stars: | 2024-05-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

For Gen Z, it was the Covid-19 pandemic. Why are we seeing that Gen Z is tapping into their credit more than their Millennial counterparts 10 years ago? Most Gen Z consumers are not homeowners. And so I think that’s been a big cause of what’s been driving a lot of that financial strain that Gen Z consumers have seen. The key is to not use the personal loans to pay off credit card debt and then run your credit card bills right back up after you do that.

Persons: TransUnion, Zers, Millennials, Gen Zers, Bell, Charlie Wise, we’ve, haven’t, You’re, Rishi Sunak, Hanna Ziady, Anna Cooban, Philip Jefferson, Loretta Mester, Jack, Neel Kashkari Organizations: CNN Business, Bell, New York CNN, Gross, Office, National Statistics, Bank of England, P, Federal, Cleveland Fed, Depot, US Labor Department, Cisco Systems, US Commerce Department, National Association of Home Builders, Index, Minneapolis, Walmart, Applied, Co, Baidu, Board Locations: New York, Kingdom, Wells Fargo

☆ My post-divorce Mother's Days are the best. I get to do whatever I want.
▼ + stars: | 2024-05-12 | by ( Grace Per Lee | ) www.businessinsider.com time to read: +4 min

When I was married, it was our unofficial tradition for me to be disappointed each Mother's Day. And every year, my husband would forget,My first Mother's Day as a single parent arrived just weeks after my husband left our family home. AdvertisementThe holiday highlighted our disconnectLooking back, I can see that my Mother's Day angst was just one of many signs that our marriage was in trouble. He wanted someone who planned, shopped for, and executed each magical holiday, including her own Mother's Day. I get to plan whatever I want nowThe beauty of a single Mother's Day is that I can make it whatever I want.

Persons: we'd, —, There's, I've, they'll, pedicures Organizations: Service Locations: minimums

☆ Fidelity targets the next generation of investors with teen-inspired portfolios
▼ + stars: | 2024-04-11 | by ( Tessa Campbell | ) www.businessinsider.com time to read: +9 min

They're available through the Fidelity Youth app and target market sectors that young investors are most interested in. AdvertisementTeens can access Youth Baskets without paying the $4.99 monthly Fidelity Basket Portfolios subscription. However, teen-inspired baskets don't have the same flexibility and customization as regular Fidelity Basket Portfolios. How to invest in Fidelity Youth BasketsAnyone aged 13-17 with an active Fidelity Youth account can invest in Fidelity Youth Baskets free of subscriptions or additional fees. Investors 18 and up must pay the $4.99 subscription fee to access Fidelity Basket Portfolios.

Persons: —, Kelly Lannan, we've, Said, they'll Organizations: Fidelity, Service, Social Media, Fidelity Investments, Entertainment Fidelity, Apple, Netflix, Disney, Entertainment

☆ A California restaurant owner says he'll 'absolutely' have to put up wages to compete with fast-food chains now paying $20 an hour
▼ + stars: | 2024-04-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewThe owner of a restaurant in California says he'll "absolutely" have to raise his wages to compete with local fast-food chains now that they're paying workers $20 an hour. "It's already hard to find dishwashers, which is a horrible job for minimum wage," Vitalie continued. Restaurant margins 'are so small to begin with'The new minimum wage compounds what Vitalie described as years of difficulties for independent restaurants in California. "And with the rise of inflation with food costs and labor costs, it's getting really, really bad." South San Francisco has put up its minimum wage annually since 2020, and it reached $17.25 an hour in January.

Persons: —, Sal Vitalie, Vitalie, it's, he'd, I've Organizations: Service, Business, Garden Club, South San Locations: California, South San Francisco, San Mateo County

☆ Airline pilots at Delta, American, and United can make more than $500k a year — here's how their pay compares
▼ + stars: | 2024-04-05 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Recent pay raises have made commercial airline pilots some of the highest-paid workers in the US. The 3 major airlines, American, Delta, and United, all offer similar base pay for captains of up to $447 per hour. AdvertisementCommercial airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. Airline pilots at Delta and United have gotten heft profit-sharing in recent years. These hours pay the same rate and have guaranteed minimums of 70-75 hours, depending on the airline, according to the Air Line Pilots Association.

Persons: —, Tim Boyle, ALPA, Nicolas Economou, widebodies, Boeing narrowbodies Organizations: Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, United, Airline, Getty, Air Line Pilots Association, BI, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia, widebodies

☆ Airline pilots at Delta, American, and United can make more than $500K a year — here's how their pay compares
▼ + stars: | 2024-04-05 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Three major airlines, American, Delta, and United, offer similar captain base pay of up to $447 an hour. AdvertisementCommercial-airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. These pilots earn hundreds of dollars for every hour of flight time, with pay increasing with every year of seniority. These hours pay the same rate and have guaranteed minimums of 70 to 75 hours, depending on the airline, according to the Air Line Pilots Association. Related storiesHere's a breakdown of the base pay pilots at American, Delta, and United earn per hour of payable time, according to contracts sent to Business Insider from the airline or its union.

Persons: —, Tim Boyle, ALPA, Nicolas Economou Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, Airline, Getty, Air Line Pilots Association, Business, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia

☆ Enhanced Games Are Olympics With Steroids, Pay; Meet the Founder
▼ + stars: | 2024-03-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +14 min

Several countries pay bonuses to medal winners, and high-profile athletes may get brand deals and sponsorships, but many Olympic athletes live quiet lives. AdvertisementD'Souza suggested he received funding for the Enhanced Games in the "single-digit millions" but declined to specify the amount. So far, it's unclear what kind of talent Enhanced Games will attract. He said that at the Enhanced Games, athletes would get comprehensive health checkups to monitor the effects of "whatever enhancement protocols" they're on and ensure they're fit to compete. D'Souza said he planned to announce more details about the Enhanced Games this summer — right around the Paris Olympics.

Persons: Aron D'Souza, gymgoers, D'Souza, Thomas Bach, Bach, Uber, Christian, Christian Angermayer, Balaji Srinivasan, Coinbase's, Peter Thiel, Angermayer, Srinivasan, Thiel, Hulk, Charles Harder, Harder, didn't, Sargon, Peter, VCs, Thiel hasn't, he's, James Magnussen, James, he'd, Marta Nawrocka, BI's Gabby Landsverk, Jim Walden, Grigory Rodchenkov, it's, who'd Organizations: International, Olympic, IOC, West Germany's Olympic, The New York Times, Business, Apeiron Investment, University of Melbourne, Gawker Media, BuzzFeed, Gawker, Abrams, Australian Financial, US, Doping Agency, UFC, Drug Free, NFL, NBA, MLB, Testing Agency, ITA, CNN, FBI, Sports, Gaming Initiative, Paris Locations: Miami, Lausanne, Switzerland, Oxford, Australian, Russia

First-time homebuyer no down payment programsIt's possible to get a mortgage with no down payment. VA mortgage borrowers enjoy the ability to put no money down and interest rates that are typically lower than conventional mortgage rates. Other low down payment mortgage optionsIf you don't qualify for VA or USDA no down payment home loans, there are other strategies you can use to reduce the down payment you're required to pay. Preparing for the application processTo ensure you qualify for a no down payment mortgage, work on getting your credit score in a good place. Forgoing a down payment may mean paying a higher interest rate and higher monthly payment on your mortgage.

Persons: you'll, Here's who's, Fannie Mae, Freddie Mac Organizations: US Department of Veterans Affairs, US Department of Agriculture, Federal Housing Administration, Federal Housing Finance Agency, USDA, Chevron Locations: homebuyers

Read previewAbout a year ago, I signed up for an American Express checking account. I canceled my American Express Rewards checking account just a year after opening. It came as a shock to me that it wasn't available with an Amex checking account and defeated a large purpose of opening this account. It was hard to deposit and transfer moneyAmerican Express makes it incredibly difficult to fund the Amex Rewards checking account. The APY wasn't competitiveBecause of its limited functionality, I ended up using my Amex Rewards checking account as a sort of savings account.

Persons: —, Bill Organizations: Service, Business, American, Express, American Express, Capital

☆ California is putting up minimum wages to $20 an hour for fast-food chains – and it's likely going to drive up wages in other industries, too
▼ + stars: | 2024-03-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewCalifornia is raising the minimum wage for fast-food workers to $20 an hour – and a much wider group of employees could see bigger paychecks. If limited-service restaurants raise their wages, "everybody is going to have to adopt because it's a free market," Danilo Gargiulo, a Bernstein analyst, said. Fast-food and fast-casual chains have already said they plan to raise their menu prices in California to offset the higher wages. The Cheesecake Factory's CFO Matt Clark told investors in November that the minimum wage could have a "ripple effect" beyond just limited-service restaurants. He added that the legislation would cause the price gap between limited- and full-service restaurants to narrow.

Persons: —, Brian Vaccaro, Raymond James, It'll, Andy Barish, Danilo Gargiulo, Bernstein, Matt Clark, Clark, Vaccaro, Sharon Zackfia, William Blair, Greg Levin, we've, Levin, they're, Zackfia Organizations: Service, Business, Jefferies, US Bureau of Labor Statistics Locations: California, pretzels . California

☆ Grocers are trying to get orders to your door faster than ever — here's why
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning. With same-day deliveries, the three retailers are not only trying to outmatch one another on convenience. With Target's announcement this week, Walmart, Target and Kroger will all have paid membership programs with home deliveries as one of the benefits. Kroger has used online delivery to break into new regions of the country, including Florida, without opening a single grocery store. Walmart and Target both beat Wall Street's sales expectations for the holiday quarter, but said shoppers are still very value-focused.

Persons: Kroger, Michael Baker, Davidson, Davidson's Baker, John David Rainey, Rodney McMullen, That's, McMullen, We've Organizations: Target, Walmart, D.A, Kroger, Costco, Albertsons, FTC, Wall Locations: U.S, Florida

☆ 10 things I wish I knew before planning my $25,000 Disney World wedding
▼ + stars: | 2024-03-07 | by ( Mystee Ipong | ) www.businessinsider.com time to read: +10 min

I planned a small wedding at Disney World for under $25,000, and I learned a lot about the process. I knew I'd have to hit an event minimum, but I didn't know how complicated the system was. I definitely should've paid for private transportation for my guests, Disney World property is huge. Read on for the most important things to know before planning a Disney wedding. There's truly a Disney wedding venue for everyone, and you don't have to limit yourself to oneThe decor was simple, just like I wanted.

Persons: —, Read, There's, Tamu, Epcot's Italy Isola, Willie, it's, Mystee, they're, I've, Tyler Maness, Alice, Hatter, you'll, Smith's, You'll Organizations: Disney, Service, Cinderella, Animal Kingdom, Magic Kingdom, Animal, Floridian, Disney Springs, Blues Locations: Animal Kingdom, Italy, Epcot, Whitehall, Epcot's Italy, Florida, Magic, San Francisco

☆ TikTok Shop buyers will have to pay higher order minimums to get free shipping as the company cuts back
▼ + stars: | 2024-01-24 | by ( Madeline Stone | Dan Whateley | ) www.businessinsider.com time to read: +3 min

Read previewTikTok is making it harder to get free shipping on its e-commerce platform, Shop. The threshold for free shipping will remain at $5 for first-time buyers. TikTok's updated guidance notes that free shipping does not apply when it determines the shipping costs exceed "fair market price." TikTok acknowledged in its documentation that its free shipping subsidies may not last forever. Michael Herling, a merchant who sells hats on TikTok Shop, described the planned fee increases as a "real downer."

Persons: —, Sellers, TikTok, It's, Michael Herling, downer, Herling Organizations: Service, Business

☆ Best Banks and Credit Unions for 2024
▼ + stars: | 2023-12-18 | by ( Martha C. White | ) www.wsj.com time to read: +13 min

While its checking interest rate is set much lower, you do earn interest on every dollar of your balance—its flagship checking account was also Buy Side’s top pick in the Best Checking Account category. CaveatsCapital One’s savings account APY beats most national banks and is competitive among online banks. The Ally Online Savings and Ally Spending accounts (the latter is the bank’s flagship checking account) were our top picks for digital banks in Buy Side’s Best Checking and Best Savings rankings. In Buy Side’s roundups, Alliant took the top spot among credit unions in our Best Checking and Best Savings rankings. How we pickedTo pick Buy Side from WSJ’s Best Banks, we evaluated dozens of banks and credit unions, looking for institutions that offered the best combination of high interest, low fees and flexible account options for savings, checking and CDs.

Persons: Martha C, you’ll, —, Ally, Ivy, Ivy doesn’t, Ivy Bank’s, Alliant, Foster, — Alliant, Banks Organizations: Wall, Best, Capital, American Express, Ally, Savings, Synchrony, Alto, Ivy Bank, Cambridge Savings Bank, Ivy, Bank5 Connect, CIT Bank, First, Alliant, Bank, Foster Care, Credit Union, Lake, Best Bank, Best Credit Union, National Credit Union Administration Locations: U.S, American, Massachusetts, California, Golden State, Lake Michigan

☆ The minimum wage is increasing in more than 20 states in 2024
▼ + stars: | 2023-12-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

The highest state minimum wage in 2024 will be Washington state, at $16.28, up from $15.74. The state with the biggest jump in its minimum wage this year will be Hawaii, which is hiking it by $2. The push to raise it has gone on for years because minimum wage workers stuck at $7.25 have lost substantial buying power. But advocates for a higher minimum wage, including Holly Sklar, CEO of Business for a Fair Minimum Wage, would rather see it adjusted for inflation from where it was in 1968. “People replace tires they couldn’t replace or get their kids clothes.”For businesses, she said, consumer spending goes up because minimum wage workers will spend their additional earnings quickly.

Persons: Jana Bjorklund, won’t, Holly Sklar, Sklar, …, ” Sklar Organizations: New York CNN, District, Columbia, New York State, Seattle, Uber, Business, “, Washington, of Columbia Locations: New York, Maryland , New Jersey, New, New York City, Westchester, Long, Washington, California, Hawaii, Nevada, Oregon, Cities, Tukwila , Washington, Seattle, GovDocs, Flagstaff , Arizona, View , California, Denver , Colorado, Portland , Maine, Pennsylvania, New Hampshire , Alabama, Mississippi, Pike County, Alaska, Arizona, Colorado, Connecticut, Delaware, Florida, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, York, Ohio, Rhode, Dakota, Vermont

☆ Robinhood opens in UK with low-cost US trading to woo clients
▼ + stars: | 2023-11-30 | by ( Sinead Cruise | ) www.reuters.com time to read: +2 min

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. Since then, trading activity has shrunk as people grapple with a cost-of-living crisis caused by high interest rates and inflation. Robinhood said UK customers will have access to commission-free trading of more than 6,000 US-listed stocks and American Depositary Receipts (ADRs), without foreign exchange fees and no account minimums. "For too long, UK investors have incurred high fees to invest in the U.S. markets and earned low returns on their uninvested cash," said Jordan Sinclair, president of Robinhood UK. The online brokerage missed Wall Street estimates for third-quarter revenue earlier this month after a slowdown in trading activity.

Persons: Andrew Kelly, Robinhood, Vlad Tenev, Jordan Sinclair, Sinead Cruise, Kirstin Ridley, Jane Merriman, Barbara Lewis Organizations: Inc, REUTERS, Authority, Robinhood, U.S . Federal Deposit Insurance Corporation, Thomson Locations: New York City, U.S, Britain, United States

SoFi will no longer be offering crypto trading services starting on December 19, 2023. Account Minimum $0 ($1 for fractional shares; $2,000 for margin trading) Fees 0% ($5/month for Robinhood Gold) Pros Check mark icon A check mark. Buy, sell, or store more than 170 cryptocurrencies like bitcoin and dogecoinCheck mark icon A check mark. Limited staking options Insider’s Take Coinbase is one of the best investment platforms for crypto trading, staking rewards, and crypto storage. The crypto trading app has 24/7 customer support, zero trading fees, learning rewards features, and an online storage wallet.

Persons: SoFi, eToro, Jeremy Zafiros, you'll Organizations: SoFi, Robinhood, Coinbase, Pro, USA, eToro USA, Smart, eToro Trading, eToro, Visa, Mastercard Locations: Blockchain.com, USA, New York , Minnesota , Nevada , Puerto Rico , Tennessee, Hawaii, Guam, American Samoa , Northern Marianas, There's, New York , Nevada , Puerto Rico, American Samoa, Virgin Islands, Abra

Today we're rounding up the best Walmart Cyber Monday deals you can shop online. Shop all of the best Walmart Cyber Monday deals. Best Walmart Cyber Monday kitchen dealsBest Walmart Cyber Monday TV dealsBest Walmart Cyber Monday home dealsBest Walmart Cyber Monday Apple dealsBest Walmart Cyber Monday gaming dealsMeta Quest 2 $249.00 $299.99 Save 17% Walmart was the first to discount the Meta Quest 2 to the price that other major retailers have since price-matched. Best Walmart Cyber Monday deals for kidsFAQsDo I need a Walmart Plus membership to get Cyber Monday deals? From time to time, Walmart Plus members are also granted early access to some deals before general shoppers.

Persons: Apple Organizations: Samsung, AirPods, Walmart, Meta, Lenovo, Google, Shop

Many Walmart Black Friday deals are available both online and in store so you can choose where you want to shop. Some of the best Walmart Black Friday deals you can snag right now include the AirPods Pro at an all-time low price, and $70 off a Cricut Explore 3 cutting machine. To help you get the best Walmart Black Friday deals, we're tracking the biggest and most notable discounts below. Best Walmart Black Friday kitchen deals right nowBest Walmart Black Friday TV deals right nowBest Walmart Black Friday home deals todayBest Walmart Black Friday Apple deals todayBest Walmart Black Friday gaming deals todayMeta Quest 2 $249.00 $299.99 Save 17% Walmart was the first to discount the Meta Quest 2 to the price that other major retailers have since price-matched. From time to time, Walmart Plus members are also granted early access to some deals before general shoppers.

Organizations: Walmart, Best Walmart, Apple, Meta, Lenovo, Google, Shop, Walmart's

☆ Hollywood’s actors are back to work—here’s what they actually got in SAG-AFTRA’s new contract
▼ + stars: | 2023-11-17 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

On Nov. 8, after 118 days of striking, Hollywood actors reached a tentative agreement with studios and streamers regarding the working conditions of their industry. Wage increases, new streaming bonuses and limits on self-tapesSAG's new contract covers numerous aspects of actors' jobs. Actors will get a hike in basic wage minimums for a variety of projects across both film and television. For anyone with a speaking role, minimums will increase by 7% effective Nov. 9, another 4% effective July 2024 and another 3.5% effective July 2025. Background actors will get an increase of 11% on Nov. 9 and the same increases as others going forward.

Persons: Fran Drescher, Duncan Crabtree, AFTRA, minimums, Jonathan Handel, Tallie Medel, who's, they've, Handel Organizations: SAG, Alliance, Television Producers, Screen, American Federation of Television, Radio Artists, Sony, CNBC Locations: Ireland, Los Angeles , California

☆ 3 ways to evaluate a company's debt level to help judge the risk of buying its stock
▼ + stars: | 2023-11-12 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

But what if I then told you that John also only has $50,000 cash in the bank whereas Jane has $2 million cash in the bank? Debt to equity The ratio compares the level of a company's debt on its sheet to the amount of equity. For example, if a company has assets worth $3 million and liabilities worth $1 million, shareholder equity equals $2 million ($3 million – $1 million) and debt to equity equals 0.5x ($1 million / $2 million). Debt service coverage ratio Since we just mentioned the importance of being able to service debt, let's consider a ratio that provides insight into that, the debt service coverage ratio. To do this, we use a metric such as operating income and compare it to the company's debt service requirement, meaning all principal and interest payments due in the next year.

Persons: Jim Cramer, Gail, John, Jane, let's, Eli Lilly, it's, Lilly, Cramer's, Jim Organizations: Procter, Gamble, Honeywell, Cramer's Charitable, CNBC

New York CNN —Hollywood actors have reached a tentative agreement with the major film and television studios to end their historic strike, the actors union announced Wednesday. While the writers’ strike was resolved in September, production has remained shuttered as the actors continued to strike and negotiate their contract. But the actors’ contract negotiations didn’t last long, breaking down on Oct. 11 before returning later in the month. By the end of October, it appeared the actors’ strike was approaching its final scene. But Hollywood actors have not appeared on their shows to promote their movies during the actors strike.

Persons: Fran Drescher, “, ” Drescher, ’, ”, we’ve, AMPTP, Angeles Mayor Karen Bass, ” Bass, George Clooney, Tyler Perry, AFTRA, “ We’re, WGA’s, Jimmy Kimmel, Jimmy Fallon, Stephen Colbert, John Oliver, Seth Meyers – Organizations: New, New York CNN, Hollywood, Alliance, Television Producers, SAG, Writers Guild of America, didn’t, CNN, Angeles Mayor, Writers Guild, WGA Locations: New York, Los Angeles, ”

Bottom line: Fidelity Investments and Charles Schwab are two of the best robo-advisors for retirement savings, goal-building, and low-cost trading. Fidelity vs. Charles Schwab: The Biggest DifferencesFidelity and Charles Schwab are featured in a number of our guides, including the best brokerages for beginners. Fidelity Investments reviewAutomated Investing With FidelityFidelity offers two different automated accounts: Fidelity Go and Fidelity Personalized Planning & Advice. Charles Schwab Brokerage Account reviewAutomated Investing With Charles SchwabLike Fidelity, Charles Schwab's automated accounts — Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium — also include an automated-only account and an automated-plus-advice option. Fidelity vs. Charles Schwab — Frequently Asked Questions (FAQs)Is Fidelity better than Charles Schwab?

Persons: Morningstar, Charles Schwab, Schwab, Charles Schwab's, It's, Fidelity's, you'll, Charles Schwab Charles Schwab, Roth, IRAs, Charles, Charles Schwab —, you've Organizations: Fidelity Investments, Fidelity, Business Daily, screeners, Fidelity Fidelity Investments, Fidelity Fidelity, Fidelity Go, Schwab, Better Business Bureau, & $ Locations: cryptocurrencies, Chevron

☆ Austin is abolishing parking requirements to bring down runaway home prices and rents
▼ + stars: | 2023-11-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Austin, Texas is officially getting rid of its minimum parking requirements. The move is expected to decrease home prices and rents, as construction costs fall. Austin, Texas is getting rid of requirements that new construction — from single-family homes to shopping malls — build parking spots. Housing advocates, urban planners, and environmental activists have long pushed to end parking requirements, as they elevate construction costs, inflate rents and home prices, and waste valuable space. AdvertisementAdvertisementA few large cities across the country, including Portland, Minneapolis, and San Jose, have already gotten rid of parking minimums.

Persons: —, Eric Adams, There's, Robert Garcia, Garcia Organizations: Service, City Council, Housing, Rutgers Center, Real, New York City, California Democrat Locations: Austin , Texas, Austin, New Jersey, Portland , Minneapolis, San Jose, New York, New York City, California

☆ DoorDash is testing warnings about bad service if you don’t tip your driver
▼ + stars: | 2023-11-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Thinking of skimping on a DoorDash tip? The message is just a test, DoorDash spokesperson Jenn Rosenberg told CNN in an email. DoorDash, along with other third-party delivery providers, has opposed efforts to create a minimum wage for delivery drivers. Federally, the tipped minimum wage is just $2.13 per hour (some states have higher minimums). Employers are required to make up the difference if tips don’t bring workers up to the federal minimum wage.

Persons: Jenn Rosenberg, we’re, ”, ” Rosenberg Organizations: New, New York CNN, DoorDash, CNN, Employers Locations: New York

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