Cheddar Morning Business Update 10/20: Unemployment filings at lowest level in years

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NEW YORK -

The number of people filing for unemployment benefits last week fell to its lowest level since 1973. People affected by Hurricane Irma and Harvey continue to head back to work.

Meanwhile, a big win for Lyft over its rival Uber. Google's or Alphabet's venture capital arm is investing $1 billion into Lyft as Uber continues to deal with fallout over negative headlines.

Lyft added 100 cities to its operation this year, and says it is completing more than 1 million rides a day.

 Lastly, MasterCard customers will no longer need to sign their name when buying items with a debit or credit card, starting in April. 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.

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  • Dog Day Fridays for May 25

    Dog Day Fridays for May 25

    Friday, May 25 2018 8:05 AM EDT2018-05-25 12:05:38 GMT
    Baxter is a 7-year-old Shepherd mix recently surrendered to the shelter by his owner. This handsome fellow loves to play and have fun. He likes other dogs as long as they are friendly and allow him to take the lead.Baxter is a 7-year-old Shepherd mix recently surrendered to the shelter by his owner. This handsome fellow loves to play and have fun. He likes other dogs as long as they are friendly and allow him to take the lead.

    This week's dogs are up for adoption at Bobbi and the Strays. The shelter is located at 2 Rider Place in Freeport. Their phone number is (516) 378-4340

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    PHOTOS: Fleet Week 2018

    Wednesday, May 23 2018 8:53 PM EDT2018-05-24 00:53:14 GMT
    Fleet Week 2018Fleet Week 2018
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    Photos of the 2018 Fleet Week ships coming up the Hudson River to Manhattan. There are 14 ships for the public to visit and tour. The celebration lasts a week. It has been held nearly every year since 1984.

    Photos of the 2018 Fleet Week ships coming up the Hudson River to Manhattan. There are 14 ships for the public to visit and tour. The celebration lasts a week. It has been held nearly every year since 1984.

  • Memorial Day 2018 Photos

    Memorial Day 2018 Photos

    Whether you are honoring loved ones, attending a parade or spending time with family, News 12 wants to see your Memorial Day photos. Post them on Instagram or Twitter with #N12MemorialDay.

    Whether you are honoring loved ones, attending a parade or spending time with family, News 12 wants to see your Memorial Day photos. Post them on Instagram or Twitter with #N12MemorialDay.

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