News

Amazon workers strike amid unfair treatment claims

Amazon workers at seven U.S. sites strike for better treatment amid holiday rush; minimal impact anticipated.

Published

12 months ago

December 20, 2024

ticker NEWS

Workers at seven U.S. Amazon facilities staged a walkout on Thursday during the holiday shopping season, protesting alleged unfair treatment.

The strike, described by Teamsters officials as the largest against Amazon, occurred in cities such as New York, Atlanta, and San Francisco. However, it is not expected to significantly impact Amazon’s vast shipping operations.

As the second-largest private employer globally, Amazon has faced criticism from unions for prioritising speed and efficiency, which they claim contributes to workplace injuries.

The company maintains that it offers competitive wages and has implemented automation to alleviate repetitive stress on workers.

Despite the protests, Amazon’s shares rose by 1.8% on Thursday afternoon.

Amazon’s workforce

Workers involved in the strike are urging Amazon to engage in negotiations, citing concerns over health issues related to demanding job requirements.

However, this walkout represents only a small fraction of Amazon’s workforce of over 800,000 employees at more than 600 U.S. facilities.

One of the strikers, Jordan Soreff, expressed that Amazon operates under a rigorous quota system that pressures employees to exceed their limits.

Soreff, along with about 100 others, protested outside an Amazon location in Queens, but the facility remained operational, with other drivers continuing their work.

An Amazon spokesperson accused the Teamsters of misleading the public and coercing employees and contractors to join the strike.

Crypto

Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

Published

22 hours ago

December 2, 2025

Harvey Vargas

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.

We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.

Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.

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News

Airbus hit by new A320 fuselage panel defect triggering share price drop

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Published

23 hours ago

December 2, 2025

Harvey Vargas

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.

While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.

The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.

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#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews

News

Bitcoin tanks as markets turn risk-off and tech stocks slide

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Published

24 hours ago

December 2, 2025

Harvey Vargas

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.

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#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews