DoorDash will pay $131.5 million to settle claims that it underpaid delivery workers in New York City, Mayor Zohran Mamdani announced Tuesday.<\/p>\n
The agreement, which officials described as the largest worker settlement in city history, also requires the company to submit to a new monitoring system to ensure compliance with delivery worker pay laws in the city.<\/p>\n
In a statement, DoorDash admitted errors, saying: \u201cSimply put, we screwed up.\u201d<\/p>\n
\u201cWhile these mistakes weren\u2019t intentional, that doesn\u2019t make them okay. We pride ourselves on operational excellence at DoorDash \u2013 and this was not excellent, nor was it acceptable. Dashers should be paid in full, on time, every time. We are sorry to the Dashers we let down,\u201d the company said.<\/p>\n
Most of the settlement will be returned to more than 260,000 workers who were underpaid, not paid or paid late for deliveries by DoorDash, according to City Hall. The company will also pay about $16 million in civil penalties and other costs to the city.<\/p>\n
Brent oil falls below $100<\/p>\n
The U.S. stock market held near its record high Tuesday after oil prices eased again.<\/p>\n
The S&P 500 edged down a fraction of a point and is sitting just 0.4% below its all-time high set last month. The Dow Jones Industrial Average dropped 0.4%, and the Nasdaq composite added 0.5% to its own record.<\/p>\n
Stocks had been higher in the morning, when the price for a barrel of Brent crude briefly fell below $98. But oil prices later trimmed their losses, and Brent settled at $99.25 per barrel.<\/p>\n
Treasury yields held relatively steady in the bond market, as did stock indexes worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"DoorDash will pay $131.5 million to settle claims that it underpaid delivery workers in New York City, Mayor…\n","protected":false},"author":2,"featured_media":354078,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[288,9,24,55,54,56,21760,4946,34555,88,3417],"class_list":["post-354077","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-business","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-oil","tag-stocks","tag-ticker","tag-uncategorized","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/354077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=354077"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/354077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/354078"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=354077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=354077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=354077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}