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Illustration: Aïda Amer/Axios

Two restaurant owners have filed a potential class action lawsuit against Grubhub, saying that the online food delivery service added their establishments without permission.

Why it matters: While intermediary services have touted their role in supporting independent restaurants and businesses during the pandemic, many have gone to great lengths to grab business that otherwise might have gone direct to the establishment.

Driving the news: The lawsuit argues that such listings create confusion and could harm restaurants' reputations. A Grubhub representative said the company doesn't comment on pending litigation, but the company was slow to move into delivering from what the industry dubs "non-partner" restaurants. Grubhub has also supported a California law that would stop the practice.

The big picture: Critics charge that intermediary services use hardball tactics including adding restaurants without permission and setting up phone numbers and web sites that go to the intermediaries rather than the merchants themselves.

Go deeper: Help Main Street allows orders directly from struggling small shops

Go deeper

Lyft touts California ballot victory amid mixed Q3 results

Illustration: Lazaro Gamio/Axios

Lyft posted a much larger loss than analysts expected, though it beat revenue estimates, in its third quarter results reported Tuesday. But on a call with analysts, the company pointed to its recent legislative victory in California and the potential it sees in expanding its foray into delivery as signs of better times ahead.

Why it matters A week ago, Lyft and other gig companies got California voters to back a ballot proposal that cements their drivers' status as independent contractors, which is central to the companies' business models.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.