• Uber and Lyft riders explain why they do and don’t tip their drivers — who only get tips a quarter of the time

    uber lyft rider
    Some Uber and Lyft riders always tip their drivers, but others say they have reasons not to.

    • Tipping habits among ride-hailing customers vary; some Uber and Lyft riders consistently tip 20%, while others rarely tip.
    • A dozen Uber and Lyft riders share why they do and don't tip, citing rising prices and customer service.
    • Gridwise data shows only 28% of ride-hailing trips get tips, compared to 87% for food delivery.

    Valerie takes Lyft rides between two and six times a week for work — but she only sometimes leaves a tip.

    Some ride-hailing drivers have been unprofessional, she told Business Insider. Others haven't greeted her or picked her up far from where she requested. Even when a driver provides decent service, she said the increasing fares for her commute have led her to tip less frequently.

    "The over-charging, high prices, cancellation from drivers, and Lyft making me late for work didn't permit me to leave a tip for some," Valerie said.

    Other riders have a different philosophy about tipping. Ron, a 76-year-old based in California, always leaves his ride-hailing driver a 20% tip unless they are a "complete jerk," he told BI.

    He has prior work experience in the service industry and sometimes receives tips at his current job, which he said has shaped his perspective on tipping. He doesn't understand why people wouldn't tip their drivers.

    "Rides are a service," he said. "Taxis have always been a tipped service, so why wouldn't people do the same for ride-hailing?"

    The question of how often and how much one should tip for a service has often been a topic of debate. While tipping waitstaff at a sit-down restaurant, for example, has long been a common practice for many Americans, the rise of the gig economy in recent years has led to the formation of new tipping habits.

    When it comes to ride-hailing, the battle over whether or not to tip is far from settled. BI spoke with a dozen rideshare passengers and drivers about their tipping practices, most of whom requested partial anonymity for privacy concerns. Many drivers say they provide a comparable service to waiters at a restaurant and that riders should tip accordingly. While some Americans agree, others told BI that poor service and expensive ride fares are among the top factors weighing down their tips.

    Should Uber and Lyft drivers always get tips?

    Rob Schlegel, a journalist turned real-estate agent in Las Vegas, tries to always tip his Uber or Lyft driver the highest suggested amount for each ride. However, sometimes, doing so is cumbersome and confusing.

    Sometimes, he said the rating and tip pages get lost in the clutter of the Uber app's many advertisements. Other times, he's had drivers run red lights, have their cars smell like smoke, have trash everywhere, or have their seats so far reclined there isn't room for the passenger. At airports, he often gets frustrated by how long it takes to find his driver, which he knows isn't the driver's fault.

    Still, he tries to tip for every ride because he believes the drivers deserve tips. He said he's had "mostly positive results with Uber," but "the apps are making bucks but killing the drivers and frustrating the riders."

    The reasons people do or don't tip their Uber and Lyft drivers can be complicated.

    Kellie Smith, who takes multiple Ubers a week and always tips, said she knows many people who tip less frequently than food delivery. She thinks it's as simple as food being an "enjoyable" expense, whereas paying for a ride to work is not.

    "The demographic of people taking Ubers are people without vehicles anyway. They probably don't have money to spare," Smith said. "I have never had the same driver, so it's also tempting for people to not tip when the chances they will see that person again are low."

    Carla Bevins, an associate professor of business management at Carnegie Mellon University, thinks food delivery drivers are more likely to get tips than ride-hailing drivers because tipping for food-related services has "long been a part of American culture," she previously told BI.

    "In contrast, rideshare services, though equally valuable, do not have the same historical tipping expectation and are often viewed as more transactional," Bevins said. For both ride-hailing and food delivery, she said the digital tipping process via phone reduces the social pressure to tip.

    Some drivers and passengers pointed fingers at the companies, noting that as ride prices increase, passengers may be less likely to leave an additional tip. Some also noted that the tipping interface for apps like DoorDash is easier to use — DoorDash has warned customers that if they don't tip, their food may take longer to arrive.

    "The best perk of all was the affordability: You received better service, and the cost was economically affordable, so this meant that you could afford to tip and felt good about doing so," Lillian, a frequent rider with Lyft and Uber, said. "Nowadays, the drivers extend less effort with service but want us riders to reward their lackluster performance with a tip."

    Lillian said her drivers rarely say hello, only occasionally help with luggage or opening doors, provide few amenities like water or games, and never ask for her music selection. Caroline, a rider in Washington who always tips 15%, said she's noticed the norm around airports is for drivers to not assist with bags, which she said could rub passengers the wrong way.

    The perception of gig driver pay, driven by various factors such as media coverage, could also impact how much people tip, Bevins said. The more people think drivers are reliant on tips, the more generous they might be likely to be.

    One driver, who goes by the name Dee Dee, said when she tells passengers how much she makes — sometimes 40% of what the customer pays — they are much more inclined to tip.

    The stakes are high for Uber and Lyft drivers

    Many drivers have told BI that it's become harder to make money in recent years — some say customer tipping is worse than it used to be. For many drivers who don't have a guaranteed minimum pay to fall back on, tips have become an important part of their ride-hailing incomes.

    An analysis of over 500,000 US gig drivers provided to BI by Gridwise, a data-analytics company that helps drivers track their earnings, found that roughly 28% of Uber and Lyft ride-hailing trips get tips, compared to 87% of food-delivery trips and 74% of grocery trips. The analysis was based on US tipping data between January 1 and June 6.

    Tips can be especially important for people who drive full-time and, therefore, are more reliant on their ride-hailing incomes. According to Gridwise data, roughly 30% of US Uber drivers drove at least 25 hours a week in the first quarter of 2024.

    An Uber spokesperson said that across the US, drivers are "earning more than $30 an hour while engaged on the app." In a statement, Uber told BI that over the last four years, ride-hailing tipping frequency and the average tip size have both roughly doubled — adding that the average ride-hailing tip amount rose nearly 10% over the past six months.

    In the second half of 2023, Lyft said the median US driver earned about $31 per hour of engaged time — when they were en route to pick up a passenger or had one in their vehicle. The company said these earnings included a median tip of $2.41 per engaged hour.

    Carrie, a five-star rideshare driver since 2015, said she's driven in a handful of states but has never made above $30 an hour. A few weeks ago, she drove 90 trips and only got tipped for six of them, which was just $38.52. She said she's had drivers tell her they wish they could tip her but didn't have the funds at the moment.

    "I am looking for a job because I can no longer survive as a rideshare driver," Carrie said. "It's also hard to get back into the corporate market when you have been a full-time rideshare driver."

    Because of this, Bryan, an Uber driver in Hampton Roads, Virginia, said he doesn't rely on tips, considering it "in bad taste to expect anyone to shell out extras." Because most of his passengers are going to and from work, he views himself as somewhat of a public transit service.

    Instead of expecting tips, he has an hourly quota he tries to hit through various strategies, such as being selective about taking longer rides that pay more.

    "I was once a passenger struggling with a dead-end job, so much so that my weekly Uber bill defeated the purpose of going to work," Bryan said. "I sympathize with passengers because I have been on that side of the fence before."

    Are you a gig driver who is struggling to make ends meet? Are you driving into your retirement years? Reach out to these reporters at nsheidlower@businessinsider.com or jzinkula@businessinsider.com.

    Read the original article on Business Insider
  • A Google strategy manager says these are the 5 things you should do to stand out in the workplace

    Herng Lee portrait
    Herng Lee writes about his experiences at Google and offers advice for tech professionals.

    • A Google strategy manager says the best contributors at work are those who are team players. 
    • Herng Lee said people gravitate toward those who go out of their way to help others.
    • These are the five things Lee recommends you should do to become more of a team player. 

    Herng Lee has seen a lot of top performers in his nearly nine years working on Google's strategy team.

    But the employees who really stand out are those who are team players, the Google manager said in his weekly newsletter for high-performing tech professionals. Lee said mastering that part of the job is the hard part.

    Lee said in his post that these kinds of workers "create a wide halo around them," and he considers them the "the gold standard." Not only are they good at their job, but they actively make others better.

    The Googler told BI that by lifting your coworkers, you create a stronger team that can solve more complex problems. It also strengthens your own position because when people see the kind of value you create in the workplace, they'll gravitate toward you, Lee added.

    So what does being a team player entail? Lee said these are the five things you can do consistently to be more like one.

    Don't gatekeep knowledge

    Lee said you should make sure knowledge doesn't live and die with you, and you don't have to do it in a loud way. Rather, it should be a reflex.

    Lee said he once had a colleague who was great at his job, but he was the only one with access to his reasoning and sources. As a result, no one felt comfortable applying his work to other places, he said.

    "So while his work was great, it did not qualify as institutional knowledge," Lee said in the post. "No one could really update, replicate, or polish his analysis."

    Lee said good work involves documenting your framework, sharing with others how you achieved results, and creating replicable playbooks so others can build on your work.

    Focus on "why," and not just "what"

    Lee said some of his best mentors at Google didn't officially coach him, but offered the same value by consistently sharing the "why."

    They did so by providing context, thinking out loud, and setting guiding principles while allowing space for him to figure out his own approach.

    Doing all these things may take time and effort, and could mean sacrificing a bit of efficiency in the moment. But in the end, Lee said it helps others and gives you more value as a team member.

    Don't play nice

    Lee said many of us have been conditioned to play nice at work, and that can result in people holding back insight or providing overly harsh criticism.

    Instead, you should treat feedback as a way to help others, Lee said.

    To do so, you should provide constructive feedback early and act as a sounding board for others. Lee said you should voice unpopular opinions and respectfully challenge leaders when you feel passionately about a topic.

    Lee said early in his career, he preferred getting feedback from nice people because of the "psychological safety and confidence boost" it gave him. Now, he turns to people who offer genuine feedback. He said it's sometimes uncomfortable — but much more useful.

    Connect the dots for others

    Lee said you should offer insight to coworkers even when they don't know they're looking for it. That means actively thinking about what other teams are working on, instead of solely focusing on your own tasks, Lee said.

    For example, if someone's working on a project that you're not a part of, you should offer up useful information and resources or connect them with people who might know more about the topic they're working on.

    Save others time

    Everyone is busy, so people consider themselves lucky when someone sacrifices their own efficiency to save time for others, Lee said.

    These can be little things that are part of your daily routine, Lee said, like writing clear emails so people don't spend time trying to figure out what you meant or keeping track of your meetings effectively.

    You should try to save others time even in cases when you don't receive credit for it, Lee said.

    Check out Lee's full post here.

    Are you a Googler with advice to others? We want to hear from you. Email the reporter from a non-work email at aaltchek@insider.com.

    Read the original article on Business Insider
  • 11 Tesla accessories to upgrade your ride, from a roadside safety kit to a $225 mattress

    Cybertruck CyberTent
    Tesla offers a variety of accessories for all models, from air mattresses to CyberTents.

    • Tesla offers a range of accessories to enhance its five vehicle models, including the Cybertruck.
    • Standard add-ons like floor mats and sun shades are available, alongside unique additions.
    • Notable accessories include illuminated door sills and CyberTents for portable camping.

    Owning a Tesla can already feel like an upgrade over your average car, but you can jazz it up even more with the company's slew of additional accessories and kits.

    The EV maker currently offers five vehicles: the Model S, Model 3, Model X, Model Y, and, most recently, the Cybertruck. While the main attachments in the Tesla shop include standard add-ons like floor mats and sun shades, with quirky cars come some unique potential additions — if you're willing to pay.

    From door sills that illuminate your model's name to CyberTents for going on a portable camping experience, we rounded up the most interesting accessories to add to your Tesla experience.

    Model Y Air Mattress
    Model Y Air Mattress
    The Model Y air mattress fit snugly in the back of your vehicle for sleeping overnight.

    This custom-fit mattress fits in the back of your Model Y after you put down the seats, and is designed for people camping or overnight car trips. Made with high density foam, it has a waterproof polyester exterior perfect for the road.

    Tesla says it can be inflated with the included air pump and comes with two repair patches and a carry bag. It retails for $255 and is currently sold out, but you can sign up to be emailed when it comes back in stock.

    Protection Paint Film
    Cybertruck Color Paint Film in Satin Forest Green
    Cybertruck color paint film is available in 11 colors, including Satin Forest Green.

    Add some personalized style to your vehicles with these protection films, available for the Cybertruck, Model 3, and Model Y. It comes in 11 colors ranging from $6,000 to $6,500 for Cybertrucks, and 8 colors ranging from $5,700 to $6,000 for the latter two. Tesla also offers two clear finishes (gloss or satin) for all vehicles for $5,000.

    The urethane-based film is more environmentally friendly and two times thicker than the average vinyl wrap, according to the company. A loaner vehicle will be provided during installation, which may take three to four business days.

    Roadside Safety Kit
    Roadside Safety Kit
    This roadside safety kit features various first aid items and emergency supplies.

    In case of roadside emergencies, Tesla's safety kit features a slew of essential supplies, including a first aid blanket, a reflective safety vest, scissors, and a warning triangle. It also contains several first aid items such as multi-sized bandages, dressings, and compresses.

    It's priced at $90 and comes in a compact, water-resistant pouch.

    Cybertruck Tailgate Ramp
    Cybertruck Tailgate Ramp
    The Cybertruck tailgate ramp can be folded or extended to load heavy cargo.

    From dirt bikes to heavy gear, load up to 750 pounds into your Cybertruck with this tri-fold ramp. It's made with durable powder-coated aluminum, and Tesla says you can use two ramps to load four-wheeled vehicles like ATVs. It retails for $400 and comes with a cam buckle strap with a hook to secure your cargo.

    Key Fob
    Model S Key Fob
    This key fob design mimics a mini Tesla vehicle.

    Although you can unlock your vehicle with your phone through the Tesla app, the company also offers a more traditional key fob with a sleek car design. It's available for all models, excluding the Cybertruck, and retails for $175.

    Illuminated Door Sills
    Model 3 Illuminating Door Sills
    Tesla's door sills can illuminate the name of your vehicle's model.

    These door sills illuminate your vehicle model's name for a subtle accent. Activated by a magnetic switch, they're battery-powered and range from $150 to $250 depending on the model.

    Cybertruck CyberTent
    Cybertruck CyberTent
    The CyberTent attaches to the Cybertruck for a camping experience.

    This fully collapsible tent can be mounted above your Cybertruck to create a personal base camp for on the road. It has an attached mattress, an extendable awning, and outlets, and can be inflated with the included pump.

    It's priced at $2,975 and is used with the truck's tent mode, which levels the vehicle for a flat surface, keeps the tonneau cover open, and runs AC and lights.

    Solid State Drive
    Solid State Drive
    Tesla offers a solid state drive that can support dashcam footage and gaming.

    From dashcam footage to music, you can store any vehicle data in this external 1 TB solid state drive (SSD). Compatible with all Tesla vehicles, its read/write speeds can provide smooth gameplay for both Steam and AMD Ryzen Arade Games, the company says. For $350, it also comes with a USB-A-Female to USC-C-Male adapter cable.

    Model S/X Coat Hooks
    Model S/X Coat Hooks
    Model S/X Coat Hooks

    Compatible with both the Model S and X, these coat hooks can snap onto the first-row seatbacks to hang anything from dry cleaning to computer bags. They come in sets of two for $30, but are currently not available for US stores.

    Air Compressor + Tire Kit
    Cybertruck Air Compressor Ultra + Tire Repair Kit
    Cybertruck' Air Compressor Ultra + Tire Repair Kit is coming later this year.

    This kit features an air compressor for topping off your tire pressure and a bottle of sealant to repair punctures less than 6 milimeters in diameter. By connecting to your vehicles 12V outlet, you can attach the hose to the tire in order to begin inflating to the recommended pressure level.

    Tesla cautions that this is only intended as a temporary fix for emergencies and repaired tires shouldn't be driven for more than 62 miles.

    While the 2.0 version is priced at $60, there is an updated 3.0 version that will run you around $110. For Cybertruck owners, Tesla also will be releasing a Cybertruck version later this year.

    Cybertruck Detailing Kit
    Cybertruck Detailing Kit
    The Cybertruck detailing kit comes with four cleaning solutions and four microfiber towels,

    To maintain your Cybertruck's stainless steel shine, this detailing kit comes with four spray bottles of different cleaning solutions to target various surfaces of your vehicle. This includes interior and glass cleaners, and a waterless and stainless wash for the exterior. Retailing for $130, it also comes with four microfiber towels and a travel case.

    Read the original article on Business Insider
  • Is it too hot to be outside? Plug in your ZIP code to check your city’s ‘heat risk’

    Daily HeatRisk map
    The CDC and NWS launched a HeatRisk map to forecast potential heat-related impacts in your area.

    • The CDC and National Weather Service launched a map to forecast heat-related impacts across the US.
    • It uses a five-tier color-numeric scale to indicate potential heat risks in your area.
    • The Midwest to Northeast will face record-breaking heat, possibly the longest in decades.

    With temperatures rising alongside your electric bills, the CDC and National Weather Service launched a HeatRisk map to help you determine whether you can handle the heat.

    By plugging in your ZIP code, you can find out just how scorching your area will be for the next seven days — and the possible risks. The map, which we first spotted thanks to The Verge, presents a seven-day forecast of the potential threat of heat-related impacts across the US.

    The heat index follows a five-tier color-numeric scale from green (little to no risk) to magenta (extreme). Without adequate cooling and hydration, anyone can be impacted at the level of magenta or red (major), the CDC and NWS said.

    Along with possible elevated risks for heat complications, HeatRisk also takes into consideration the duration of the heat and how unusual it is for that time of year and area.

    If you remember last summer's record-breaking heat, be prepared for some déjà vu in the next few months.

    The NWS reported that much of the Midwest to Northeast is set to see "the hottest temperatures of the summer," with possible daily and monthly high-temperature records for June. The heat wave's duration is "potentially the longest experienced in decades for some locations," the agency said.

    https://platform.twitter.com/widgets.js

    Heat waves aren't just annoying — they can sometimes be deadly.

    Last year, there were an estimated 2,300 heat-related deaths in the US, with many suffering from a lack of access to air conditioning. To avoid heat illnesses such as heat stroke and exhaustion, the NWS suggests people drink plenty of water even if they don't feel thirsty and wear loose-fitting, light-colored clothing.

    The most vulnerable groups to heat include young children and infants since their bodies are less adaptable to heat, and older adults, especially those who take certain medications that can interfere with body temperature regulation. Other high-risk individuals include people with chronic medical conditions and pregnant women.

    Extreme heat levels can also impact infrastructure, including transportation, utilities, and agriculture. It can strain electrical grids, water resources, and certain aircraft operational limits. A 2021 study indicated that high heat in the US could result in an estimated $100 billion in reduced productivity annually.

    Following the launch of its initial prototype for California only in 2013, HeatRisk is now the first variation to include information from the CDC about the health impacts of heat. HeatRisk is still an "experimental product," and the NWS is accepting public feedback via survey through September 30.

    Read the original article on Business Insider
  • I help tired moms take care of their newborns at night on top of my day job. It’s hard but rewarding work.

    A mother and a baby in its cot
    Jessica Hall said it was rewarding to help parents who were struggling to balance caring for newborns and returning to work.

    • Jessica Hall started working as a night nanny while she trained as an occupational therapist.
    • She told Business Insider some days she worked night shifts after a full day's work.
    • Hall said the job is challenging, but helping parents get some sleep and respite was worth it.

    This as-told-to essay is based on a transcribed conversation with Jessica Hall, a night nanny and occupational therapist in Chicago. It has been edited for length and clarity.

    When I was younger, I wanted to become a doctor. I moved from Arizona to Chicago and took some pre-med college classes in 2011. I realized it wasn't what I wanted to do. Then, I came across occupational therapy.

    I started interning in a clinic in 2012.

    I've been at the same clinic ever since and became a certified occupational therapist in 2019. I'm now the clinic lead and oversee physical therapy, social work, occupational therapy, and speech therapy. I specialize in working with children with autism.

    I started working as a night nanny on the side

    Jessica Hall
    Hall said it was rewarding to help parents who were struggling with balancing their newborns and going back to work.

    I was working in occupational therapy and nannying on the side when, in 2020, I came across Let Mommy Sleep, a night nanny service for parents.

    Lots of clients reach out because they need assistance with their kids at night; perhaps their child isn't sleeping through the night, and they're back at work, or they need help with sleep training. Many parents need help at night when they have to go back to work.

    I needed to know about pediatrics and child development for my occupational therapy training. Seeing how they interact with their family at night is helpful for my day job. I started taking on cases as a night nurse with Let Mommy Sleep in 2022.

    I worked as a night nurse on top of my day job

    I love being busy. I worked in my day job from 10 a.m. to 6.30 p.m. When I got home, I'd have dinner and speak to friends and family. Then, I'd go to sleep for two hours before my shift as a night nanny. I did night nanny shifts two or three times a week, though sometimes I did it five times a week.

    Most of my cases were between 30 minutes to an hour away. My shifts were from 10 p.m. to 6 or 7 a.m. I'd take care of the dishes and laundry, make sure the babies were fed, and check on the parents.

    Then I'd go home, sleep for two hours, and head to work again. I'd have to be very structured with my time to make it work. Sometimes, I'd have to turn down fun things to make sure I was getting enough sleep in my week.

    I'd get paid between $22 and $26 an hour as a night nanny.

    It's a challenge, but it's worth it

    I worked with a lot of moms who felt they didn't have the time to look after themselves or that their own care was trivial. It was important for me to make sure they did things that helped them feel good about their day, such as taking a shower, getting out of bed and being able to hold their baby, or any daily activities they did before they had kids.

    It was a privilege to see babies learn to roll over, crawl, or walk. Even at night, I got to know them and their personalities.

    I worked with one family for a year. They had two babies, and they already had two children. Both of the parents sometimes worked night shifts. Both of the babies would vomit up their milk and cry through the night. Some of those nights were very long. Their mom would want to help out, and I'd have to encourage her to take a nap. She'd have to get up at 5 a.m. to get her other kids ready for school.

    After we got the babies sleep-trained, their mom was so excited that she could get a couple of hours of sleep.

    It was hard but rewarding. I decided to take a break this year. Now, I take on clients on a case-by-case basis.

    I started my own business

    I decided to start my own in-home service, Sensory Sitters, to help families with children with special needs.

    In Illinois, respite is expensive, and there's a long waiting list for state-subsidized vouchers.

    A lot of families have caregiver burnout. I'm there to give parents a break. Right now, it's just me, but I'm looking to expand my business.

    Read the original article on Business Insider
  • Here are the top 10 ASX 200 shares today

    A bored man sits at his desk, flat after seeing the latest news on the share market.

    The S&P/ASX 200 Index (ASX: XJO) endured a bumpy hump day session this Wednesday, recording a drop despite a stint in positive territory this morning.

    By the time the markets closed, the ASX 200 had retreated by 0.11%, leaving the index at 7,769.7 points.

    This miserable day for the Australian markets comes after a slightly more optimistic night over in the United States.

    The Dow Jones Industrial Average Index (DJX: DJI) managed to put on a decent 0.15%.

    The Nasdaq Composite Index (NASDAQ: .IXIC) wasn’t quite as motivated though, inching up 0.029%.

    But time to return to the ASX with a look at how the various ASX sectors handled today’s trading.

    Winners and losers

    We saw a pretty even split between the red and green sectors this Wednesday.

    Starting with the red ones, industrial shares were the worst place to be invested in this session. The S&P/ASX 200 Industrials Index (ASX: XNJ) tanked by 0.61% by the closing bell.

    Financial stocks also had another rough day, with the S&P/ASX 200 Financials Index (ASX: XFJ) given a 0.36% demotion.

    Communications shares were just behind that, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) losing 0.24%.

    Utilities stocks were on the same page. The S&P/ASX 200 Utilities Index (ASX: XUJ) also dropped 0.24%.

    Real estate investment trusts (REITs) found themselves on investors’ bad side too, as you can see from the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 0.14% slide.

    Our last losers were mining shares. But barely, as the S&P/ASX 200 Materials Index (ASX: XMJ) slipped just 0.01% lower.

    Turning now to the winners and gold stocks led the pack. The All Ordinaries Gold Index (ASX: XGD) shone today, shooting up 1.11%.

    Energy shares also had a party, with the S&P/ASX 200 Energy Index (ASX: XEJ) seeing a 0.85% improvement.

    Consumer staples stocks were in demand as well. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) managed a 0.46% rise.

    Its consumer discretionary stablemate wasn’t quite as sought after, but no one would mind the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)’s 0.07% climb.

    Healthcare shares lived up to their name too, if only just. The S&P/ASX 200 Healthcare Index (ASX: XHJ) lifted 0.04% by market close.

    Finally, tech stocks eked out a gain as well, although the S&P/ASX 200 Information Technology Index (ASX: XIJ)’s 0.4% probably didn’t set anything on fire.

    Top 10 ASX 200 shares countdown

    Leading the Index charge this Wednesday was healthcare stock Telix Pharmaceuticals Ltd (ASX: TLX). Telix shares had a wonderful session today, rocketing up 4.36% to $17.95 a share.

    There wasn’t any news out of the company itself that would explain this, but perhaps some recent love from an ASX broker got investors in a buying mood.

    Here’s how the rest of today’s winners list panned out:

    ASX-listed company Share price Price change
    Telix Pharmaceuticals Ltd (ASX: TLX) $17.95 4.36%
    Light & Wonder Inc (ASX: LNW) $148.18 4.21%
    Deep Yellow Limited (ASX: DYL) $1.485 4.21%
    Mirvac Group (ASX: MGR) $1.925 3.22%
    Sigma Healthcare Ltd (ASX: SIG) $1.30 2.77%
    Treasury Wine Estates Ltd (ASX: TWE) $12.41 2.73%
    Genesis Minerals Ltd (ASX: GMD) $1.81 2.55%
    Bellevue Gold Ltd (ASX: BGL) $1.835 2.51%
    Data#3 Ltd (ASX: DTL) $8.18 2.00%
    Pro Medicus Limited (ASX: PME) $135.98 1.86%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Light & Wonder, Pro Medicus, and Telix Pharmaceuticals. The Motley Fool Australia has recommended Light & Wonder, Pro Medicus, Telix Pharmaceuticals, and Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • We see patterns everywhere. That’s not always helpful.

    Four hands in mid-air, each holding a jigsaw piece, bring their pieces together to complete the puzzle.

    Well, there’s been a bit going on this week… and it’s only Wednesday.

    We’ve had an interest rate decision, a new ‘largest company’ in the US, and the unveiling of a new energy policy from the federal Coalition.

    No, I’m not going to wade into the climate/energy wars. At least not here and now (though I have a fascinating episode of our podcast, The Good Oil, coming out on that… Subscribe to the podcast feed here so you don’t miss it!).

    But I do want to address the other two. Let’s do it in reverse order.

    Computer chip company, Nvidia, became the new king: the largest US company, measured by market capitalisation (the total value of all of its shares). Its value hit $5 trillion overnight, now leading Microsoft and Apple.

    If you haven’t been following the story, Nvidia’s chips are in hot, hot, demand as the chip du jour to power artificial intelligence. Sales and profits are going through the roof.

    So… is the company’s share price.

    In fact, get this: in the last 5 years, the share price has gone from US$3.79 to US$135.58 – that’s a 35-fold increase in half a decade.

    But also, get this: America’s most valuable company has a price-earnings ratio of… 80 times.

    Now, the average across the market usually runs between 15 and 20 times. So 80 is… a lot. A lot of future growth from a company that’s already the largest one in the US!

    Which doesn’t mean, for a second, that it can’t happen. People said Amazon was overpriced at 1% of the current share price (I own shares, for the record, but I bought much later than that!). People said Apple’s run was done more than 50% ago.

    So, I’m not writing off Nvidia’s chances. Just… flagging that a lot is expected of a company whose shares are already at the top of the heap.

    And so to interest rates.

    Well, not the rates themselves – we know they’ve been kept on hold. But the commentary that came with it. Foremost was the strongest words yet from a Reserve Bank Governor, to the effect that Federal and State Treasurers are adding stimulus to the economy at the very time the RBA is desperately trying to cool it down.

    And, as we all know, there are income tax cuts and energy rebates to come, federally, Queensland’s government is throwing an extraordinary amount of money around, and NSW has announced new spending.

    Which… makes for a very difficult environment for the Australian economy, with plenty of people doing it very tough, and a lot who are doing very nicely.

    No, I don’t have a magic wand, or a simple answer. But I do know that when the RBA has its foot on the brake while governments have theirs on the accelerator, something isn’t working.

    And, ideology aside, I think it’s likely that electoral temptations are overwhelming the better advice for governments to do more to cool the economy, using the scores of tools at their disposal. They should do the right thing… not the popular thing.

    Why, you ask, am I mentioning all of this?

    Well, in part because the more things change, the more they stay the same: there’s always something to worry about, some clouds on the horizon, and some company that’s supposed to be the next big thing (or already is, and is going to get bigger).

    But in part because there are false positives (apparent correlations that really aren’t) and false negatives (the reverse) all the time. Is Nvida going to prove the doubters wrong, a la Amazon, or be more like Cisco, the dot.com darling that is still 40% below its all-time high, set back in early 2000? Will rates keep rising? Fall? Will we have or avoid a recession?

    I’ve lost track of the number of times people tell me that ‘It’s just like back in…’, or ‘This is just like [Company X]’.

    Sometimes, of course, it is. But sometimes it’s not.

    As investors, we need to be very, very careful of noticing an historical similarity, and assuming it’ll be instructive… or that it won’t.

    Which you know is logically true. And yet… we humans are pattern-seeking machines. It’s an enormous evolutionary advantage, but it can mislead us when it comes to our portfolios.

    What happens next, for Nvidia, and for rates?

    I have no idea. Nor do you. (And if you think you know for sure, can I suggest you allow for a little more uncertainty?)

    What I do know is that long term compound returns have been earned through, and in, all sorts of markets, with all sorts of headlines and all sorts of fears. There have been all sorts of companies at the top of the market-cap pops.

    And I’ll make one fearless prediction – that reality will be with us for as long as there are sharemarkets!

    We might as well make our peace with it, invest regularly, prepare for volatility, and keep our eyes on the long term.

    Fool on!

    The post We see patterns everywhere. That’s not always helpful. appeared first on The Motley Fool Australia.

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    John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Scott Phillips has positions in Amazon and Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, Apple, Cisco Systems, Microsoft, and Nvidia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has recommended Amazon, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • It’s only a day until ASX investors can buy Guzman y Gomez shares

    Two children and a dog get set to launch their friend rocketing high into the sky.

    Time is ticking down to one of the biggest initial public offerings (IPOs) the ASX has seen in years. Tomorrow, Guzman y Gomez shares will join the ASX boards, giving all Australian investors the opportunity to buy shares in this Mexican-themed fast food chain.

    As we’ve covered extensively here at the Fool, Guzman’s ASX IPO has been long in the making. After years of rumours, the company will make its ASX debut tomorrow when its shares begin trading on the public markets on a deferred settlement basis from midday – 11.1 million Guzman shares, to be precise.

    Yep, the company hopes to float 11.1 million shares on the ASX, with an IPO price of $22 a pop. If all goes to plan, that would value the business at around $2.2 billion. The restaurant chain’s ticker code is set to be the easily-memorable GYG.

    As we’ve also covered this month, this valuation could be described as ‘optimistic’. My Fool colleague James recently went through the views of Tamim Asset Management’s Ron Shamgar. There was an extract of what the fund manager had to say on Guzman’s “eye-watering” $22 IPO price:

    The IPO values GYG at an enterprise value to operating earnings multiple of 32.5 times, significantly higher than Domino’s Pizza at around 18 times and Collins Foods Limited at just over 14 times…

    While GYG’s growth ambitions are impressive, investors would be wise to approach this IPO with caution. The rich valuation in comparison to other QSR players raises questions about whether the hype surrounding the offering is justified…

    History has shown that many high-profile IPOs struggle to live up to their lofty expectations once the initial excitement fades. Rather than getting caught up in the frenzy, prudent investors may be better served by waiting on the sidelines to see how GYG’s growth story unfolds as a public company.

    Guzman y Gomez shares primed for ASX IPO

    This is notable. If Guzman does command a market capitalisation of $2.2 billion, it would slide right between KFC operator Collins Foods Ltd (ASX: CKF) and Domino’s Pizza Enterprises Ltd (ASX: DMP). Domino’s and Collins Foods currently boast market caps of $1.09 billion and $3.3 billion respectively.

    Interestingly, when Collins Foods debuted on the ASX boards back in 2011, it floated at a stock price of $2.50. But only a few months later, early investors were nursing a nasty burn when the company fell down to less than $1.20 per share.

    Of course, those who held on have done well, given that Collins Foods stock was asking $9.26 at Wednesday’s close. But no doubt, those investors who buy Guzman shares when they list on the ASX will be hoping for a different outcome.

    Potential Guzman investors might find confidence in the fact that management and the company’s largest investors will be in their bunker, financially speaking. Even after Guzman’s IPO, senior management (including founder Steven Marks) and existing substantial investors will still hold 62% of the company’s outstanding stock.

    No doubt these big fish will be the ones watching tomorrow’s Guzman IPO with the most anticipation. Let’s see how it goes.

    The post It’s only a day until ASX investors can buy Guzman y Gomez shares appeared first on The Motley Fool Australia.

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Collins Foods and Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 ASX healthcare shares smashing new 52-week highs today

    Three health professionals at a hospital smile for the camera.

    With the S&P/ASX 200 Health Care Index (ASX: XHJ) dipping slightly into the red on Wednesday, it’s been a different story for three individual ASX healthcare shares.

    Pro Medicus Limited (ASX: PME), Race Oncology Ltd (ASX: RAC), and Regis Healthcare Ltd (ASX: REG) have all hit fresh 52-week highs in trading today.

    Here’s a look at what’s driving investor confidence within each company.

    Pro Medicus continues strong performance

    Pro Medicus shares nudged its new 52-week high of $135.67 this afternoon. This continues the ASX healthcare share’s impressive gain of more than 97% over the past year — and outperforming the healthcare sector by more than 88%.

    The recent surge follows several positive developments. For example, Pro Medicus’ US subsidiary, Visage Imaging, recently secured five new customer contracts valued at $45 million, as my colleague Bernd reported.

    Goldman Sachs values the ASX healthcare stock as a buy with a $136.00 per share price target.

    In a note from May, the broker said Pro Medicus was “well positioned into FY25 given a full year benefit of some large, high-profile contracts”. It also liked the “accelerating frequency and size of [the company’s] new contract wins”.

    CommSec shows the ASX healthcare share rated as a moderate buy from the consensus of analyst estimates.

    Race Oncology leaps on FDA news

    Race Oncology also hit a new 52-week high of $2.09 on Wednesday, continuing its buying trend from Tuesday.

    This came after the company announced that the US Food and Drug Administration (FDA) had extended the Rare Paediatric Disease Designation (RPDD) of its novel drug compound, RC220 bisantrene.

    The compound is indicated for treating childhood subtypes of acute myeloid leukaemia (AML).

    “US FDA RPDD is granted for new treatments of serious or life-threatening diseases which affect fewer than 200,000 people in the US and which primarily affect individuals less than 18 years of age”, the announcement read.

    This designation qualifies Race Oncology to receive a “highly valuable” Priority Review Voucher (PRV). Recent PRV sales “to third parties on the open market” have fetched around US$110 million.

    The news has benefitted the ASX healthcare share, which now stands around 49% higher over the past 12 months.

    Regis Healthcare on a high

    Regis Healthcare was the third ASX healthcare stock to reach a 52-week high today, touching $4.36 in morning trade. The company is a healthcare giant and one of Australia’s largest providers.

    Analysts at Macquarie recently upgraded Regis Healthcare’s rating to outperform, with a price target of $5.50. This upgrade follows favourable recommendations from the Aged Care Taskforce, which looks at innovation in the healthcare sector.

    The company’s recent acquisition of CPSM, completed in December, added five high-quality aged care homes to its portfolio. As reported by my colleague Tristan, it now boasts 68 residences with a combined total of 7,604 beds.

    Regis Healthcare shares are up 96% in the past 12 months.

    The post 3 ASX healthcare shares smashing new 52-week highs today appeared first on The Motley Fool Australia.

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    Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • She grew up helping her grandparents run a shoemaking shop. In college, she came up with a plan to save it.

    Woman working at a desk on a sewing machine
    Miru Wong the third-generation owner of Sindart, a hand-embroidered shoemaking shop in Hong Kong.

    • Miru Wong, 33, grew up with her grandparents in Hong Kong and helped out at the family shoemaking shop.
    • For her final year project in college, she worked on a rebrand for the family business.
    • She's now the third-generation owner, determined to keep a dying trade alive.

    Miru Wong was working on her final year project at the Polytechnic University in Hong Kong when she realized what she wanted to be when she grew up.

    She was enrolled in a visual communication design course and, for the project, created a proposal for rebranding her family's shoemaking shop, Sindart. Her grandfather had opened the shop in 1958 to make and sell traditional hand-embroidered slippers.

    "My plan was to rebrand the shop, by improving the old patterns and functionality of the products, adding new designs, and promoting the knowledge and heritage craftsmanship of embroidered shoes," she told Business Insider.

    Her plan included increasing the product range, organizing workshops, and promoting the brand. She said she had sadly been watching the craft become one of Hong Kong's disappearing trades.

    "Initially, I hadn't thought about joining the family business, but after I made the business plan, I knew I wanted to pursue it," she said.

    Old grandfather holding young girl outside of Hong Kong shoe shop
    Miru Wong with her grandfather Wong Tat-wing at the original Sindart shop.

    She graduated at 22 with a bachelor's degree and got started at the shop. Remaining true to her grandfather's vision of providing affordable options, Wong has kept prices reasonable. The cheapest pair is made without embroidery and costs 99 Hong Kong dollars, or $12. For more detailed shoes, prices go up to around HK$300, or $38.

    Wong says most of the materials — including nylon, silk, satin, and brocade — are sourced from Hong Kong, Japan, and Europe. She says the store sells 80 to 100 pairs of shoes a week.

    But as the shop's third-generation owner, Wong, now 33, has had to make changes. Here's what she's been focusing on over the past decade to keep the store running.

    Panda design on embroidered slipper from Sindart in Hong Kong
    Wong's new panda design is has become a crowd favorite.

    In with the new

    "It's important to continuously improve the product design, functionality, and aesthetics to stay relevant and appealing to consumers while preserving the core traditional techniques," she said.

    After she took the helm, she said she focused on infusing fresh energy into the business. Introducing new designs, such as the crowd-favorite panda in various colors, she aimed to captivate a younger audience. She also honored her late grandfather's legacy by preserving many of his timeless, original designs.

    "Back in the old days, my grandfather made the slippers for indoor use only," she said. "So after I graduated, I wanted to create more outdoor designs while also expanding the collection to offer wedding styles and casual, everyday options." She now has around 300 designs, including that of her grandfather's.

    Woman holding hammer and crafting traditional slippers in Hong Kong
    Wong reguarly hosts workshops on how to craft shoes by hand.

    Passing down the skills

    Wong said that her workshops, demonstrations, and exhibitions help spread the word and she's been noticing a resurgence of interest in artisanal and bespoke products across Hong Kong.

    Others feel that more can be done in order to pass down the skills in Hong Kong. "We should encourage the transfer of skills from experienced shoemakers to younger generations through apprenticeship programs," Erin Cho, Ph.D., a professor at The Hong Kong Polytechnic University's School of Fashion and Textiles told BI. "Educational institutions could offer courses in shoemaking and footwear design to spark interest in the craft."

    Woman modeling her Hong Kong shoes outside of a black door
    Wong shows off different styling ideas for her customers on social media.

    Gaining a wider reach

    Social media has played a large part in promoting Wong's business. With 26,000 followers on Instagram, Wong engages her audience by offering styling advice for her shoes and sharing behind-the-scenes videos showcasing the intricate process of crafting each delicate piece.

    "My customers love to know how to dress up with the shoes and how to match them with their outfits," she said.

    Passion is key

    Training and mentoring are needed to safeguard the traditional craft's long-term sustainability. "It's a very special industry because it's a combination of two crafts — handmade Chinese embroidery and shoemaking," Wong said. "I want to promote the craft because it's a very valuable Hong Kong tradition and people can learn about the significance behind the designs."

    But it's not easy. "Rising labor costs in Hong Kong also make it difficult for traditional shoemakers to maintain profitability," Cho said. The professor went on to say that there may be a lack of younger craftsmen taking up this profession.

    Lindsay Varty, the author of Sunset Survivors, a book about keeping Hong Kong's traditional industries alive, told BI that the high cost of rent combined with the modern technology being used to replace these industries make it difficult.

    Woman embroidering shoe designs in Hong Kong
    Wong handcrafts the shoes at the shop throughout the week.

    "But I think the main reason many of these old trades are disappearing is because of a complete lack of willing successors; in the past, you followed your family into whatever trade they were in, but now, no one with a school or university education wants to become a knife sharpener, face threader, or shoemaker when they could get a job with better hours and better pay," Varty said.

    Luckily for Wong's family, this wasn't the case.

    Regarding the continuation of the business into its fourth generation, Wong is presently unmarried with no kids. She said she'll have to see if any future children share her level of interest in the business. "I'll see if they ask me to teach them because I think you have to be very interested in this craftsmanship," she said. "And if you really take over this business, you have to be very in love with it, like I am."

    Read the original article on Business Insider