Amazon’s Pandemic Labor Practices Being Probed by New York

Amazon Inc.’s safety measures and labor practices during the coronavirus pandemic are being investigated by New York’s top law enforcement officer after the company fired the leader of a Staten Island warehouse walkout. New York Attorney General Letitia James told Amazon in an April 22 letter that the state is looking into whether the company violated federal employment law or […]

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Expedia CEO: Digital services taxes in Europe would end up costing our customers

Expedia's chief executive officer warns against European countries taxing tech services. France passes a 3% tax on big tech companies' digital revenues in July, defying the Trump administration. The UK is planning a similar tax. CEO Mark Okerstrom says the taxes could hurt the company's third-quarter reports. Expedia's chief executive officer warned against European countries taxing big tech companies' digital […]

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Amazon could miss on guidance for this quarter, BMO analyst warns

BMO says it thinks Amazon's third quarter operating income forecast"will come in below consensus." "We do not believe consensus properly reflects the fact that 3Q is often a heavy investment period and continued investment in one-day shipping," BMO says. Despite the caution, BMO told investors to buy"any pullback" in the stock if the forecast does come in lower than expected. […]

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Walmart Posts Best First Quarter in Nine Years But Tariffs Loom

In this article Walmart Inc. reported first-quarter sales in line with what analysts had been expecting, but concerns are growing that Chinese tariffs could soon force the retailer to raise its famously low prices or sacrifice its bottom line. Comparable sales for Walmart stores in the U.S. rose 3.4% last quarter — its best for the period in nine years […]

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Marijuana Delivery App Crashes on Pot Industry’s Black Friday

It’s as if Amazon or any other online shopping site were to crash on Black Friday. Eaze, the app that delivers cannabis, experienced technical difficulties on Saturday — also known as 4/20, the marijuana industry’s unofficial holiday. Eaze: Marijuana Delivered “Our servers are undergoing maintenance, and we’re working hard behind the scenes to restore service,” the company’s website said. Disappointed […]

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A Luxury Home Firewall Could Save This Neighborhood From Amazon’s HQ2

Amazon’s development partner in the Crystal City section of Arlington, Va., has a solution to preserve affordable housing: surround the new headquarters with a firewall of luxury apartment towers. That way, the theory goes, the affluent won’t push into less-expensive enclaves nearby. Two miles away, Sarah Ashton is already feeling the pressure to sell her 12-unit apartment building in the […]

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Ken Griffin Says Amazon Exit Damped His Interest in NYC Headquarters

Billionaire Ken Griffin said he’s less likely to move Citadel’s headquarters to New York City in the wake of Amazon.com’s decision to abandon plans to expand into Queens. “Amazon opting out of New York is heartbreaking,” Griffin said Thursday in an interview with David Rubenstein on Bloomberg Television. The hedge fund manager said he was contemplating shifting his main office […]

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