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New York City was ordered by a judge to temporarily delay new minimum pay standards for app-based food delivery workers NEW YORK -- A judge Friday ordered New York City to temporarily delay new minimum pay standards for app-based food delivery workers, a day after being sued by Uber Eats, DoorDash and Grubhub. City officials recently announced plans to substantially increase earnings for those workers in the coming years to provide them with more financial stability. The law was set to take effect July 12 with an initial increased pay rate of $17.96 an hour. But food delivery services DoorDash, Grubhub and Uber, along with New York-based Relay Delivery, sued Thursday in state Supreme Court in Manhattan. The companies claimed the city's rule-making process was flawed and that higher costs would be passed along to consumers. Judge Nicholas Moyne on Friday ordered a temporary delay on enacting the new standard pending a hearing on July 31. The food delivery giants praised the order....

Shares of Tesla tumbled more than 12% Tuesday, the first full day of trading since the company announced 2022 delivery numbers that fell short of targets DETROIT -- Shares of Tesla tumbled more than 12% Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of target s. The electric vehicle and solar panel maker's stock closed at $108.10, and it's down just under 70% since the start of last year. The stock hit its lowest point since August of 2020, and Tesla's market value, according to FactSet, slid to $341 billion, down from over $1 trillion as recently as April. Tesla said Monday that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow deliveries by 50% nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company’s 50% growth target. Sales grew 40% year o...