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While serving as CFO of Uber, Nelson Chai got a firsthand look at the rise of the gig economy.Chai, now the CEO of on-demand pay company DailyPay, also saw how gig workers struggled in a pay benefit structure that he says, “has really been about the white-collar management level.””For most companies, you get paid bi-weekly,” Chai told CNBC’s Morgan Brennan at the CNBC CEO Council Forum in November. “But what’s going on right now is about two-thirds of the households in this country are actually living paycheck to paycheck.”That is heavily impacting American gig workers, which Chai said is labor…

LONDON — Son Heung-Min finally got a chance to say goodbye to Tottenham Hotspur supporters and he asked the fans not to forget his time with the London club.The South Korea star left the English club somewhat abruptly in August, ending his decade-long stay at Spurs to join LAFC.Son, who spent time as Tottenham captain, was a fan favorite at the London team and returned to Tottenham Hotspur Stadium on Tuesday to make an official farewell.He went on the field before kickoff of the match against Slavia Prague in the Champions League and addressed fans, saying he hoped they “don’t…

Rod Paige, an educator, coach and administrator who rolled out the nation’s landmark No Child Left Behind law as the first African American to serve as U.S. education secretary, died Tuesday.Former President George W. Bush, who tapped Paige for the nation’s top federal education post, announced the death in a statement but did not provide further details. Paige was 92. Under Paige’s leadership, the Department of Education implemented No Child Left Behind policy that in 2002 became Bush’s signature education law and was modeled on Paige’s previous work as a schools superintendent in Houston. The law established universal testing standards…

The fiancee of a man who died on a cruise ship has filed a wrongful death lawsuit against Royal Caribbean, alleging it negligently served him at least 33 alcoholic drinks and was liable for his death after crew members tackled him to the ground and stood on him with their full body weight.Connie Aguilar’s lawsuit for the death of 35-year-old Michael Virgil seeks unspecified damages and a jury trial. Royal Caribbean did not immediately respond to an email requesting comment on Tuesday. Aguilar and Virgil were on a roundtrip voyage from Los Angeles to Ensenada, Mexico, with other members of…

Mikel Arteta admitted Arsenal are in a “really dangerous circle” but has denied overtraining his players as the club’s injury crisis heightened with teenager Max Dowman ruled out “for weeks.”Arteta said 15-year-old Dowman suffered an ankle injury during a behind-closed doors friendly on Saturday.The teenager has been withdrawn from Arsenal’s Champions League squad, meaning he cannot play in the competition again until the knockout stages.- Man City have a history of overtaking Arsenal; can the Gunners hold their nerve?- Arsenal’s thrilling late loss at Aston Villa blows title race wide open- Mosquera injury blow confirmed after Arsenal lose at VillaLeandro…

Oracle CEOs Clay Magouyrk and Mike Sicilia sit down with CNBC’s David Faber on Oct. 13, 2025. CNBCIt’s been a rollercoaster year for Oracle investors, as they try to assess the strength of the software giant’s position in the artificial intelligence boom. The stock is up more than 30% for the year even after a 23% plunge in October, which was its worst month since 2001. It’s recovered a bit in November, climbing almost 10% for the month as of Tuesday. Heading into the company’s fiscal second-quarter earnings report on Wednesday, pressure is building on management — and newly installed…

Eli Lilly CEO David A. Ricks speaks at a press conference at Generation Park in Houston, Monday, Sept. 23, 2025. The company announced plans for a $6.5 billion biomanufacturing plant in north Houston. (Raquel Natalicchio/Houston Chronicle via Getty Images)Raquel Natalicchio | Houston Chronicle | Getty ImagesEli Lilly on Tuesday said it will spend $6 billion to build a manufacturing plant in Huntsville, Alabama, to help boost production of its closely watched experimental obesity pill and other drugs. It is the third facility in a string of new planned U.S. investments by the drugmaker. Eli Lilly announced in February that it would…

The Federal Reserve is poised to deliver its third straight interest rate cut Wednesday, while simultaneously firing a warning shot about what’s ahead.Following a period of remarkable indecision about which way central bank policymakers would lean, markets have settled on a quarter percentage point reduction. If that’s the case, it will take the Fed’s key interest rate down to a range of 3.5%-3.75%.However, there are complications.The rate-setting Federal Open Market Committee is split between members who favor cuts as a way to head off further weakness in the labor market against those who think easing has gone far enough and…

MADRID — Pep Guardiola told his Manchester City team to use their Champions League tie with Real Madrid to prove they’re capable of winning trophies this season.City face the Spanish giants for the fifth season in a row on Wednesday, but will do so with a very different team following the departures of established stars like Kevin De Bruyne, Éderson, Kyle Walker and Ilkay Gündogan.Rodri and John Stones are both unbelievable because of injury.Editor’s Picks2 RelatedGuardiola said the loss of so much experience means his squad is “in transition.”But he’s laid down the gauntlet to his players by insisting that…

The American Federation of Teachers, the powerful labor union that represents 1.8 million members, is urging the Senate Banking Committee to reconsider its crypto market structure bill, the Responsible Financial Innovation Act, calling the proposed legislation “as irresponsible as it is reckless” in a letter exclusively obtained by CNBC. In the letter that AFT president Randi Weingarten sent to Senate Banking Committee Chairman Tim Scott (R-SC) and Ranking Member Elizabeth Warren (D-Mass.), she wrote the union opposes the bill based on the “profound risks to the pensions of working families and the overall stability of the economy.””The legislation on crypto…