The companies, which have been randomly locking out drivers to manage costs, must now give at least 72 hours’ notice before blocking access to the apps.

New York City on Friday announced new minimum-pay rules for rideshare drivers, settling on a smaller-than-proposed 5% increase following pushback from Uber Technologies Inc. and Lyft Inc.

Uber and Lyft drivers will get a pay bump and greater protections against lockouts after the Taxi and Limousine Commission passed its updated minimum-pay rule on Wednesday.

New York City on June 20 announced new minimum-pay rules for rideshare drivers, settling on a smaller-than-proposed 5% increase following pushback from Uber Technologies and Lyft.

Uber Inc. (NYSE: UBER) and Lyft Inc. (NASDAQ: LYFT) shares are trading lower Wednesday after Bloomberg reported that Waymo applied for a New York City testing permit.

Uber and Lyft stock fall after Waymo applies for NYC testing permit Barclays and Santander are potential bidders for Banco Sabadell’s TSB unit ...

Since the city first imposed a minimum wage for Uber and Lyft drivers in 2019, workers have said the companies randomly kick them off the apps as a way to get around the pay requirements.

New York City is proposing a new five percent raise for rideshare drivers in the hopes of disincentivizing Uber and Lyft from blocking drivers from using their apps.