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“Dow drops 1,000 points after Target reports weak earnings” The Dow plunged by more than 1,100 points, suffering it worst day since 2020, as big retailers reported their profits are getting crushed by inflationary pressures. The S&P 500 fell by 4% on Wednesday and the Nasdaq shed nearly 5% as investors reacted to a weak…
“NY claims Amazon subjects pregnant workers to harsh conditions” Amazon’s warehouses are subjecting pregnant women and disabled workers to harsh physical work conditions that have improperly exposed them to injury, Gov. Kathy Hochul’s administration claimed on Wednesday. The administrative complaint by the New York State Division of Human Rights alleges that Amazon has forced pregnant…
“Over 80 former Chuck Schumer staffers employed by Big Tech” Senate Majority Leader Chuck Schumer’s extensive ties to Big Tech firms have raised the specter that the powerful Democrat has put the brakes on much-sought antitrust legislation being pushed by his own party. More than 80 former paid staffers of the longtime New York lawmaker…
“Letitia James’ worker safety lawsuit vs. Amazon dismissed” A New York state appeals court on Tuesday dismissed state Attorney General Letitia James’ lawsuit accusing Amazon of failing to adequately protect thousands of workers at two New York City facilities against COVID-19. The Appellate Division in Manhattan said federal law preempted James’ claims that Amazon violated state labor…
“Bernie Sanders slams Amazon labor practices, Jeff Bezos at Senate hearing” Senate Budget Committee Chairman Bernie Sanders on Thursday slammed Amazon and its chairman at a hearing on the company’s labor practices as he pushed the White House to end government contracts for the retailer. “Amazon has done everything possible — legal and illegal — to defeat union…
“Amazon will cover costs for workers who travel for abortions” Amazon will cover up to $4,000 in expenses annually for employees who need to travel to other states to access treatment for non-life-threatening situations including abortion and transgender care, the company told employees on Monday. The announcement came just hours before a leaked Supreme Court…
“Second Amazon union vote in NYC fails despite AOC, Sanders support” An effort to unionize a second New York City Amazon facility failed on Monday. The vote count stood at 380 in favor of unionization and 618 against it, according to a National Labor Relations Board tally. The Staten Island facility, codenamed LDJ5, employs about…
“Amazon union vote in NYC could be overturned: NLRB” Last month’s historic labor vote to unionize an Amazon warehouse in New York City on Staten Island could be overturned after it was challenged in court by the Seattle-based web giant, according to a federal regulator Amazon last week won a hearing based on its objections…
“Jeff Bezos No. 3 world’s richest after losing Amazon tanks” Jeff Bezos saw his wealth slashed by $20 billion on Friday, cutting him to No. 3 among the world’s richest, after Amazon’s stock tanked following a downbeat earnings report. As of Friday, Bezos’ net worth was valued at $150 billion — down from $170.5 billion…
” Bitcoin disappoints on bull run as AMZN stock sees biggest 1-day drop since 2014 “ Bitcoin (BTC) fell into the Wall Street open on April 29 as United States markets opened to volatility, including an 11% drop in Amazon stock. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All change at the Fed Data from…