Author: Vitaliy Dadalyan

What Uber, Lyft Investors Should Know About Proposed New Federal Employment Rule

Uber Technologies Inc (NYSE: UBER), LYFT Inc (NASDAQ: LYFT) and other gig economy employers in California have a lot riding on the November election, when voters will have a chance to weigh in on Proposition 22.The ballot question would exclude these companies from new state laws requiring gig economy companies to classify their workers as employees rather than independent contractors.Yet a new federal rule could soon change worker classification on a national level.What Happened: On Tuesday, the Labor Department proposed a rule that would clarify the differences between contractors and employees.The new rule would consider two primary factors: the nature and degree of the worker's control over the labor and the worker's opportunity for profit or loss based on initiative and/or investment. The new rule would also consider factors such as the amount of skill required for the job, the permanence of the position and whether the work contributes to an...

Why SPI Energy's Stock Is Trading Higher By 400% Today

SPI Energy (NASDAQ: SPI) shares are trading higher on Wednesday after the company launched a new electric vehicle subsidiary.SPI Energy offers photovoltaic solutions for business, residential, government and utility customers and investors. The company provides a range of engineering, procurement and construction services to third-party project developers.> $SPI +270% Move Of The Day | Benzinga Pro Market Alert https://t.co/SbaX4fbtUz Get Your News In Real-Time & Join Benzinga Pro Free Trial For New Users! pic.twitter.com/4OAAnKpJmH> > -- Benzinga (@Benzinga) September 23, 2020It's also engaged in the development, manufacture, and marketing of various PV modules. It procures PV modules and other equipment for project construction from independent suppliers and contracts work to third-party EPC contractors in areas, such as logistics, installation, construction, and supervision.SPI Energy shares were trading up 440% at $5.73 at the time of publication Wednesday. The stock has a 52-week high of $4.98 and a 52-week low of 55 cents.See...