An Amazon warehouse worker says he was suspended after handing out flyers encouraging colleagues to join a union. John Hopkins’s account of his May 2 suspension from Amazon’s DSF4 facility in California is the latest example of the e-commerce giant allegedly cracking down on critics during the coronavirus pandemic. Amazon told Hopkins he was sidelined … Read more
Struggling retailers like Ethan Allen and Raymour & Flanigan have been skirting Gov. Cuomo’s lockdown rules, The Post has learned. The publicly traded Ethan Allen, for example, has been letting customers meet with dedicated sales people, known as “designers,” to browse New York showrooms on an appointment-only basis for weeks, according to employees. “We don’t … Read more
Quarantined Americans tired of cooking aren’t the only ones getting fat off Papa John’s. Starboard Value, the $6 billion activist hedge fund that swooped in last year to push out the pizza maker’s controversial founder and CEO John Schnatter, is seeing its investment pay off big during the coronavirus. On Wednesday, Papa John’s stock soared … Read more
The only thing harder than sending men into space may be making money off it. Elon Musk’s SpaceX will launch its Crew Dragon capsule into orbit later this week — marking the first time that the US has sent Americans into space in almost a decade. But the billionaire head of SpaceX and electric-auto maker … Read more
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to business as usual within six months of coronavirus restrictions being lifted, the Connected Commerce Council (3C) said Wednesday. “This report shows that in the face … Read more
The US arm of Le Pain Quotidien, an upscale bakery chain known for its chocolate-filled rolls, on Wednesday filed for bankruptcy protection, a victim of coronavirus lockdowns that have idled stores. The company, however, hopes to stave off liquidation via a $3 million sale to Aurify Brands LLC. The deal would allow for 35 of … Read more
US applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy’s recovery from the novel coronavirus crisis even as high unemployment is expected to linger. The Mortgage Bankers Association said on Wednesday its seasonally adjusted Purchase Index increased 8.6 percent from a week earlier. … Read more
In the week since US auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for COVID-19 but only Ford has temporarily closed plants. The US auto industry reopened many plants last week after a two-month shutdown due to the global pandemic. To ensure safety during the outbreak, companies imposed … Read more
AT&T’s WarnerMedia division launches its HBO Max streaming service on Wednesday, taking on Netflix, Disney and Amazon at a time when coronavirus lockdowns have boosted demand for streaming even as rising unemployment has cut disposable incomes. HBO Max launches to a captive audience stuck at home without access to theater, live music, shopping excursions or … Read more
With more than one in six young people out of work, international leaders on Wednesday warned of the repercussions of creating a “lockdown generation” of young people who struggle to find work. The United Nation’s International Labor Organization issued the grim prediction in a report showing that more than one in six young people have … Read more