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

Big banks, inflation, and earnings: What to watch this week

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

Published

14 minutes ago

January 12, 2026

Harvey Vargas

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

This week is packed with financial news as major banks and corporations release their earnings. JPMorgan, Wells Fargo, and Goldman Sachs will reveal their year-end results, offering insight into the health of the banking sector. CEO Jamie Dimon of JPMorgan has already highlighted uncertainty in the U.S. economy, making investors watch closely.

In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.

All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.

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Money

Boeing hits seven-year high in plane deliveries as demand soars

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Published

29 minutes ago

January 12, 2026

Harvey Vargas

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Boeing has reached its highest level of airplane deliveries in seven years, marking a strong recovery after a challenging period for the aerospace giant. The company is ramping up production of its 737 Max and 787 Dreamliners to meet growing demand from airlines worldwide.

Investors are optimistic as Boeing shares have climbed significantly over the past year, reflecting renewed confidence in the company’s long-term prospects. Airlines are responding with new orders, and Boeing has already secured 1,000 gross orders through November.

Alaska Airlines recently placed an order for 105 Boeing 737 Max 10 jets, further signalling industry faith in the manufacturer. Robust travel demand continues to drive growth for Boeing and its competitor, Airbus, highlighting a rebound in global air travel.

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#Boeing #Aerospace #737Max #Dreamliner #AirlineIndustry #AviationNews #InvestorNews #AirTravel

Money

Wall Street hits record highs as markets shrug off Venezuela tensions

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

Published

5 days ago

January 7, 2026

Harvey Vargas

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.

The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.

The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.

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