Amazon, the e-commerce giant, is facing scrutiny over its relationship with contracted delivery drivers. According to a regional director for the National Labor Relations Board (NLRB), Amazon should be considered a “joint employer” of some of its contracted delivery drivers. This determination came after the NLRB reviewed two unfair labor practice charges filed in January,
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Stocks @ Night is a renowned daily newsletter that provides insights into the stock market after hours. It offers a unique perspective on what to expect in the upcoming trading session. The tech giant, Broadcom, is set to report its earnings post-market on Thursday. This news has piqued the interest of CNBC TV’s Seema Mody,
Two U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, have raised concerns about the safety practices of “foreign-owned” e-commerce platforms like Shein and Temu. These commissioners have specifically called for an investigation into the alleged sale of “deadly baby and toddler products.” This raises serious questions about the safety and compliance controls
Molson Coors recently announced significant changes to its diversity, equity, and inclusion policies, following in the footsteps of several other companies. In an internal memo obtained by CNBC, the company revealed its decision to eliminate supplier diversity quotas. The executives at Molson Coors expressed that these quotas can be complex and influenced by external factors
The first weekend of previews for The Roommate, featuring Patti LuPone and Mia Farrow, was a major success at the Booth Theatre. The play exceeded the theater’s capacity by playing to over 100% and brought in an impressive $315,873 for just four previews. The play, which explores the budding relationship between two vastly different women,
On Wednesday, Asian shares and global stock futures experienced a significant decline, with technology stocks leading the way. Stock benchmarks in Tokyo and Taipei were hit hard, each falling more than 3%. The broader MSCI index of Asia-Pacific shares outside Japan was also 1.8% lower. Market analysts attributed the sell-off to worries about the global
Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, has recently released an asset allocation report that sheds light on the investment preferences of its members. Surprisingly, more than half of Tiger 21’s members have chosen not to invest in chip giant Nvidia, a decision that has raised eyebrows in the financial world. With a
The recent sell-off on Wall Street has sent shockwaves across global markets, with traders seeking refuge in safe-haven assets like the Japanese yen. This surge in the yen’s value has been accompanied by a decline in riskier currencies such as the Australian dollar and sterling. The catalyst for this shift was soft U.S. manufacturing data,
The stock market has been on a rollercoaster ride lately, with some major players experiencing significant loss. Nvidia, for example, lost a whopping $279 billion in market value in a single day, marking the fifth time the stock has taken such a hit. With a 9.5% drop on Tuesday alone, Nvidia is now down 23.3%
The Asian semiconductor market experienced a downturn on Wednesday morning, following the significant drop in Nvidia’s share price in the U.S. Nvidia, a leading chipmaker, saw its stock plummet by more than 9% during regular trading hours in the U.S. This decline had a ripple effect on semiconductor stocks across the region, as investors reacted