Money

Amazon cops $500k fine for for hiding internal COVID cases

Published

4 years ago

November 16, 2021

Major online retailer, Amazon has been fined for concealing COVID cases

Amazon has been ordered to pay a fine of $500,000 for hiding the number of COVID-19 cases at its California workplaces from employees.

The penalty, imposed under California’s new “right to know” law was handed out following a complaint that was lodged against the company.

The online retailer has agreed to pay the penalty and says it will improve the way it manages COVID notifications. The company has been forced to institute better ways of tracking positive infections, which include informing all warehouse workers of the “exact number of new COVID-19 cases in their workplaces” within 24 hours.

The fine comes after a complaint was made to authorities by a staff member.

California attorney general Rob Bonta stated that “as our nation continues to battle the pandemic, it is absolutely critical that businesses do their part to protect workers now — and especially during this holiday season.

“Californians have a right to know about potential exposures to the coronavirus to protect themselves, their families, and their communities.”

California’s COVID “right to know” (AB 685) legislation:

Under the law, employers are required to alert workers who were potentially exposed to COVID-19 within one day, and must also report COVID-19 case numbers to local health agencies within 48 hours if they “meet the definition of a COVID-19 outbreak.”

Amazon has been continuously criticised for treatment of its workers throughout the COVID pandemic.

Money

Middle East crisis: Global markets, tech, and supply chains under pressure

Published

7 hours ago

March 4, 2026

Harvey Vargas

Navigating global uncertainty as the Middle East crisis reshapes markets, technology, and supply chains

The ongoing Middle East crisis is sending shockwaves through global markets, driving energy prices higher and intensifying volatility. Investors are facing growing uncertainty as inflationary pressures mount and risk sentiment shifts. Supply chains are under stress, with key trade routes disrupted, forcing businesses worldwide to rethink logistics, procurement, and operational strategies.

The technology sector is feeling the ripple effects as semiconductors, critical components, and AI infrastructure come under pressure. Volatility in tech stocks is rising, while defence and cybersecurity firms are navigating both new risks and opportunities. At the same time, investment in renewable energy and energy tech could accelerate as companies adapt to energy price surges and seek more resilient solutions.

Brad Gastwirth from Circular Technologies joins us to break down what these developments mean for global markets and long-term strategic planning.

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#MiddleEastCrisis #GlobalMarkets #TechIndustry #EnergyPrices #SupplyChain #InvestorAlert #AI #Innovation

Money

Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Published

6 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights

Money

U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

Published

1 week ago

February 25, 2026

Harvey Vargas

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.

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