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Thread: The business news thread

  1. #371
    Rewind is offline
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    Joined: Oct 2017 Location: Los Angeles Posts: 3,460
    I will be expecting Business Insider to publish a story in 2022 detailing how Amazon Go stores have led to a dramatic rise in our nation's unemployment numbers.

    Amazon wants to open 3,000 cashier-less grocery stores
    Business Insider, Nov 13 2018

    Amazon will reportedly open 3,000 more Amazon Go brick-and-mortar grocery stores within three years. The four stores that have opened so far are small and carry a limited amount of groceries and prepared foods but Amazon has a major advantage over small businesses — the company has a vast amount of data it collects from customers to determine what items to stock.

    https://www.businessinsider.com/amaz...-stores-2018-9

  2. #372
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    Bernie Sanders pressured Amazon into raising its hourly minimum wage to $15 -- but Amazon also eliminated bonuses and stock awards for hourly workers. With friends like Bernie, Amazon's workers don't need enemies. Now he's going after Walmart, which has a minimum wage of $11 an hour.

    Bernie Sanders unveils Stop Walmart Act
    CNN Business, Nov 15 2018 6:07 PM ET

    Fresh off a campaign to get Amazon to raise its minimum wage, Senator Bernie Sanders is now shining his progressive spotlight on Walmart. Sanders today introduced a bill, titled the Stop Walmart Act, that would prevent large companies from buying back stock unless they pay all employees at least $15 an hour, allow workers to earn up to seven days of paid sick leave and limit CEO compensation to no more than 150 times the median pay of all staffers. Calling Walmart the poster child for corporate greed, Sanders noted that the company made $13 billion in profits last year and paid CEO Doug McMillon more than $22 million, or 1,188 times the pay of its typical worker, who earned $19,177.

    https://www.cnn.com/2018/11/15/busin...age/index.html

  3. #373
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    "Here comes the b..........ankruptcy." Did you think I was going to say "bride"?

    David’s Bridal to file for bankruptcy

    https://www.cnbc.com/2018/11/15/davi...ankruptcy.html

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