Business

“We are asking Apple to reduce its 30% App Store tax or allow us to offer Facebook Pay so that we can absorb all costs incurred by companies struggling during COVID-19,” Facebook wrote in a blog post. “Unfortunately, they have rejected both our applications and SMEs will only pay 70% …

Image: Tibrina Hobson (Getty Images) San Francisco District Attorney Chesa Boudin announced Wednesday that he has filed a motion that would force DoorDash to classify suppliers as employees rather than as self-employed, a predatory pay system that the employers of gig economy benefit greatly, at the expense of basic protection …

Facebook intends to force a face-off with Apple over its 30% in-app commission fee for purchases, suggesting Facebook that small businesses are struggling to get to the pandemic. The big picture: Facebook has never gone public after Apple, a key strategic partner, this aggressively. Both companies see anti-trust control, which …

The retailer has in recent weeks extended the closing time of some stores from 8:30 a.m. to 10 p.m. By Monday, more than 4,000 of its 4,700 U.S. stores will begin closing later, the company said Friday. All Walmart stores will continue to open at 7 a.m., except on Tuesdays, …

Some policymakers have called for increasing the entire retirement age of Social Security – if you can receive 100 percent of your earned benefit – as part of the long-term financial deficit solution. But workers of color earn less, have lower life expectancy and tend to work in physically demanding …