Amazon has agreed to pay $500,000 and be monitored by California officials to ensure it properly notifies its workers about new coronavirus cases, the state’s attorney general said Monday. Amazon employs about 150,000 people in California, most of them at 100 “fulfillment centers” — sprawling warehouses where orders are packed and shipped. The agreement, which […]
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Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you’ll find a root cause of the shortages of just about everything. Even as the pandemic has dragged on, U.S. households flush with cash from stimulus checks, booming stock markets and enlarged home equity have felt […]
The $1 trillion infrastructure plan that President Joe Biden plans to sign into law has money for roads, bridges, ports, rail transit, safe water, the power grid, broadband internet and more. The plan promises to reach almost every corner of the country. It’s a historic investment that the president has compared to the building of […]
A stock exchange set up in the Chinese capital to serve entrepreneurs opened trading Monday with 81 companies amid a crackdown on tech giants that has wiped more than $1 trillion off their market value abroad. The Beijing Stock Exchange joins other mainland Chinese exchanges in Shanghai and the southern city of Shenzhen. They are […]
Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation’s second most valuable automaker. The California company’s market valuation exceeded Ford’s in its first day a public company Wednesday. Its shares rose 10% at the opening bell Thursday pushing its valuation over […]
Embattled Japanese technology conglomerate Toshiba said Friday it is restructuring to improve its competitiveness, spinning off its energy infrastructure and computer devices businesses. The energy infrastructure spinoff will include Tokyo-based Toshiba Corp.’s nuclear power operations, including the decommissioning efforts at the nuclear plant in Fukushima that suffered meltdowns after an earthquake and tsunami in March […]
The United Nations Climate Change Conference, which was postponed a year because of COVID-19, has promoted a series of announcements from foundations and individuals attempting to pour money into efforts to fight climate change, an area many think philanthropy has neglected. As policymakers from around the world gathered in Glasgow for a series of long-awaited […]
Europe’s antitrust regulators marked their biggest win on Wednesday after Google lost an appeal on a $2.8 billion for attempting to monopolize shopping services while downgrading competitors’ services. The win signaled the European Commission’s first major triumph against one of the Big Tech giants out of three key court rulings aimed at heightening regulations on […]
The council of a small Oregon city has approved a deal with Google that will enable the technology giant to build two more water-guzzling data centers there, though some residents worry about drought and secrecy. A single data center can churn through millions of gallons of water per day to keep hot-running equipment cool, and […]
China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.” The Singles’ Day shopping festival — also known as Double 11 — is a massive event for China’s e-commerce […]