Cheddar morning business report 10/20: Lyft gets $1B from new tech investorPosted: Updated:
Top morning business and technology headlines for Oct. 20, 2017:
· The number of people filing for unemployment benefits last week fell to its lowest level since 1973. People affected by hurricanes Irma and Harvey continue to head back to work.
· A big win for Lyft over its rival Uber. Google's venture capital arm, Alphabet, is investing $1 billion into Lyft, as Uber continues to deal with fallout over negative headlines. Lyft added 100 cities to its operations this year, and says it's completing more than a million rides a day.
· Starting in April, MasterCard customers will no longer need to sign their name when buying items with a debit or credit card. The company says everything else will remain the same, and it won't compromise security. According to MasterCard's research, the majority of people believe it would be easier to pay and that checkout lines would move faster if they didn't have to sign.