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Wednesday, August 10, 2022

Amazon Crashes After Reporting Catastrophic Guidance, Worst Revenue Growth In Decade

With the bulk of the FAAMG stocks - which is now GAMMA following Facebook's rebranding to Meta - having reported Q1 results (some great, like Facebook and MSFT, some terrible, like Facebook), investors were keenly looking to Amazon and Apple earnings after the close today, to round out the picture for the market generals and…

Amazon Employees Melt Down Over ‘Traumatic’ Children’s Book In Leaked Video: REPORT

Amazon leaders reportedly held a special meeting to discuss “Johnny the Walrus,” a children’s book by conservative political commentator Matt Walsh, according to videos shared by the Libs of Tik Tok Twitter account.Walsh’s book about a boy who pretends to be a walrus was intended as commentary on the transgender child debate, and it quickly…

Amazon Bars Unvaccinated Workers From Receiving Paid COVID Medical Leave

Amazon has decreed that any of its warehouse workers who refuse to accept the vaccine will also forfeit the right to paid time off should they ever be infected with the virus - even though being vaccinated has little impact on the transmission of the virus, as the omicron wave clearly demonstrated to millions of…

Amazon Is No Longer The ‘New New Thing’… Doesn’t It Look Tired?

Authored by Bill Blain via MorningPorridge.com,“The four most dangerous words in politics; doesn’t she look tired?”Dismiss FOMO and Speculation! The markets will focus on fundamentals in 2022 – which means taking a long hard look at everything we think we know, and figuring out what ain’t necessarily so. Amazon is a case in point –…

Amazon Cuts COVID-19 Paid-Leave To 40 Hours For US Employees, Following Walmart

Authored by Allen Zhong via The Epoch Times (emphasis ours),Another big private employer has cut COVID-19 paid leave for its workers in the United States following rule changes by the Centers for Disease Control and Prevention (CDC).A truck outside the Amazon warehouse in Staten Island, N.Y., on March 30, 2020. (Angela Weiss/AFP via Getty Images)Amazon.com Inc.,…

DAVIS: Amazon Web Services’ Cloud Trap Entrenches Its Dominance

For two days in December, millions of Americans across the country experienced a sudden loss of technological capabilities. The consequences ranged from the rather innocuous loss of Netflix streaming at home to the disruptive halt of delivery operations during peak holiday season with an already strained supply chain. Companies saw their websites and apps lose…

Amazon Settles With Labor Board, Making It Easier For Workers To Organize

December 23, 2021 5:12 PM ET Amazon reached a nationwide settlement with the National Labor Relations Board (NLRB) late Wednesday, making it easier for Amazon employees to form a union.The agreement obligates Amazon to email its warehouse workers of their legal rights to organize, as well as post notices of workers’ rights in multiple visible places…

Amazon Emerging as Top ‘Ocean Vendor’ as it Skirts Supply Chain Using Private Vessels

The online behemoth Amazon is trying to bypass the supply chain crisis by hiring private shipping vessels to transport products to customers from around the world, a move that reflects the retailer’s increasing global influence. Ocean freight analyst Steve Ferreira said in a CNBC report: They are doing over 10,000 containers per month of the…

Labor Board Orders New Union Election At Amazon Warehouse

The National Labor Relations Board (NLRB) ordered a new unionization election at an Amazon warehouse in Alabama, ruling that the company violated federal labor law during the first election.“Today’s decision confirms what we were saying all along – that Amazon’s intimidation and interference prevented workers from having a fair say in whether they wanted a…

Amazon Shelling Out $3,000 Signing Bonuses, Chartering Ships, In Unprecedented Holiday Push

Drastic measures are going to have to be taken this holiday season to make sure that inventory and online orders arrive on time. But don't worry, Amazon has a plan.Adobe is projecting this year that consumers will spend $207 billion online, a rise of 10% from last year, according to Bloomberg. This means that dodging…

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