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As bad debts soar, Canadian banks eye asset sales to boost capital
As bad debts soar, Canadian banks eye asset sales to boost capital
By Nivedita Balu TORONTO As Canada's economy enters a period of sluggish growth, the big banks are looking
2023-11-08 19:53
West African Monetary Institute (WAMI) Partners with EMTECH SOLUTIONS INC to Modernize Fintech Regulatory Frameworks Across the West African Monetary Zone
West African Monetary Institute (WAMI) Partners with EMTECH SOLUTIONS INC to Modernize Fintech Regulatory Frameworks Across the West African Monetary Zone
ACCRA, Ghana & NEW YORK--(BUSINESS WIRE)--May 25, 2023--
2023-05-26 08:51
Uber Eats driver says he waits in wealthy areas to make as much money as possible
Uber Eats driver says he waits in wealthy areas to make as much money as possible
A 22-year-old food delivery driver revealed to Insider, that he deliberate hangs around affluent neighbourhoods to try and make as much money as possible. Jay is a 22-year-old based in Philadelphia who delivers food on his bike for DoorDash and Uber Eats as a “weekend side hustle”. He shares his delivery experience with his over 140,000 TikTok followers, but never shows his face. Both DoorDash and Uber Eats include a base payments for drivers. These base payments depend partly on the distance of the delivery, occasional incentive fees to entice drivers, and any up-front tip the customer includes. Jay explains that the base pay is a large factor in how he decides which deliveries to take. Jay’s base payment is on average between $2 and $2.50, although some could be as high as $4.50. When a delivery offer comes in as low as $2 or $2.50, it means that the customer did not tip up front, according to Jay. It is possible to tip drivers after the order is delivered on both DoorDash and Uber Eats, but Jay told Insider that he was not interested in potentially wasting his time after delivering an order. Therefore, he mainly only accepts orders with the highest payments, and declines roughly 75 per cent of the order he receives. “I’m not doing this to gamble. I’m doing this to make money,” he said. “So I’m not really interested in playing the game of, ‘Oh, maybe I’ll do this person’s delivery for a guaranteed $2.50. Maybe it might be more.’ I don’t play that game. And most people don’t like to play that game.” @downtownhustle This is one od the rare times where it was worth it to deliver a @wendys order.. lol #CapCut #tiktoklive #bikedelivery #deliverydriver #ubereats #phillytok #philly #doordashdriver Both DoorDash and Uber Eats drivers keep 100 per cent of their tips. “I think people should be tipping for the premium service that they’re being provided,” he added. The New York Times, reported last week that delivery drivers tips have decreased since the pandemic. And as inflation continues to influence people’s financial decisions, and may mean people cut back on delivery tips. Alix Anfang, an Uber spokesperson, told Insider that tipping had increased since 2020. “Food delivery has always had a high tipping rate, but the average tip on a delivery increased even further by about 20 per cent” Anfang said. Speaking of waiting around in wealthier areas to get better tips, Jay shared “I’ll sit in Rittenhouse Square in the park, and I’ll get an order that’s from a fancy Italian restaurant. It’s a two-block delivery, and it ends up paying me $20 because this person doesn’t want to walk two blocks in the winter cold.” Jay added that winter is when his pay increases because there are fewer driver to compete with, and many don’t want to go out into the adverse weather conditions. Speaking to Insider, Jay said he planned to continue the gig work on the weekends. Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-23 23:47
Fallen Crypto Mogul Do Kwon Could Face Jail in South Korea and the US, Prosecutor Says
Fallen Crypto Mogul Do Kwon Could Face Jail in South Korea and the US, Prosecutor Says
The disgraced former crypto titan Do Kwon may spend most of his life behind bars, first in his
2023-06-08 09:23
Hollywood Strike Clouds ‘Barbenheimer’ Bump for Movie Stocks
Hollywood Strike Clouds ‘Barbenheimer’ Bump for Movie Stocks
As buzz builds into the premieres of Barbie and Oppenheimer, some on Wall Street are doubting whether the
2023-07-22 02:28
Hong Kong Tycoon Cheng Raises Doubt Over Succession Plans
Hong Kong Tycoon Cheng Raises Doubt Over Succession Plans
Hong Kong billionaire Henry Cheng said his family business is still looking for a successor, calling into question
2023-11-20 12:56
Marketmind: Another round of rate hikes, macro data on tap
Marketmind: Another round of rate hikes, macro data on tap
By Lewis Krauskopf A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent.
2023-06-23 05:50
Microsoft CEO says Sam Altman will be joining Microsoft
Microsoft CEO says Sam Altman will be joining Microsoft
Microsoft CEO Satya Nadella on Monday said that ousted OpenAI CEO Sam Altman and Greg Brockman will be
2023-11-20 16:24
Chinese tech giant Alibaba names next CEO
Chinese tech giant Alibaba names next CEO
Chinese tech giant Alibaba said Tuesday it will replace its top boss in a surprise move at the e-commerce titan as it looks to recover from years of slow growth caused weak...
2023-06-20 13:48
Markets fall again and oil rises on Middle East, Fed fears
Markets fall again and oil rises on Middle East, Fed fears
Asian markets fell and oil prices extended gains Friday on worries that an expected ground invasion of Gaza by Israel will spark a wider...
2023-10-20 11:24
Sustainable cotton group boosts tracking for top retailers
Sustainable cotton group boosts tracking for top retailers
By Ross Kerber Swiss-based sustainability group Better Cotton said on Thursday it has added new functions to a
2023-11-02 08:23
Goldman Sachs cuts probability of US recession in next 12 months
Goldman Sachs cuts probability of US recession in next 12 months
NEW YORK Goldman Sachs' Chief Economist Jan Hatzius said on Monday the bank was cutting its probability that
2023-07-17 23:56