The City of Seattle recently imposed 'premium pay' regulations for gig workers delivering groceries during the ongoing pandemic. Now, the city is being sued by Instacart, as well as the Washington Food Industry Association, a local grocery advocacy group. According to Gizmodo, many companies have been unwilling to provide hazard pay for essential employees during this health crisis. Furthermore, many that did have rescinded or obfuscated those increases.
CNBC reports that Instacart is raising $225 million. That boosts its valuation from $8 billion in 2018 to $13.7 billion. The company plans to use these new funds to support its partner grocers and shoppers, who fulfill orders for customers. They are also planning to improve conditions for its shoppers. DoorDash is also close to raising funds at a $15 billion valuation. DoorDash was valued at around $13 billion in 2019, according to The Wall Street Journal.
Making cookies isn't always easy. Business Insider spoke to bakers and compiled a list of common mistakes people make when baking cookies. By not chilling the dough could be messing with the texture of your cookies. Overcrowding the pan can lead to some wonky cookies. Avoid overmixing or undermixing the dough. Using stale baking powder or soda might make cookies fall flat. Don't forget to adjust baking time if using dark colored baking sheets.
On Tuesday, spot gold briefly touched a record high of $2,000 an ounce. Traders consider gold a "safe-haven asset." There is hope another US stimulus bill is in the works. A bill could put further liquidity into markets and weigh on rates, supporting the commodity. Business Insider reports that Gold has surged nearly 32% year-to-date.
7-Eleven's parent company is buying Speedway gas stations in a $21 billion all-cash deal. After tax, the deal will bring in roughly $16.6 billion for Marathon Gas. Marathon hopes to use the sale to "strengthen [the] balance sheet." Business Insider reports the deal will create a 7-Eleven presence in 47 of the top 50 most populated metro areas With the addition of Speedway locations, Seven & I Holdings will have roughly 14,000 locations in the US and Canada.
Business Insider reports that American Express gave more cardholders access to its Pay It Plan It and Pay Over Time tools. Providing greater payment flexibility could boost Amex's payments volume despite the pandemic. AMEX has announced that its Green, Gold, and Platinum cardholders now have access to its Pay It Plan It offering.