Amazon workers strike for better conditions amid coronavirus crisis
Warehouse workers and tech workers at Amazon and Whole Foods, which is also owned by Amazon, are staging strikes and walk-outs demanding the retail giant, which has benefitted financially from the coronavirus crisis, provide them with better protection at work, fully paid leave for those who miss work, unlimited time to recover from the illness and to instantly shut down contaminated facilities.
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Amazon Adding Hundreds of Tech, Corporate Jobs in North Texas
Amazon is planning to add more than 600 new tech and corporate jobs in Dallas as they expand their Tech Hub in North Texas. The expansion is part of a national expansion of hubs in Detroit, Denver, New York, Phoenix and San Diego that will create more than 3,500 jobs across the country.
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Gold prices dropped 6%, the worst single-day decline in seven years
Gold prices fell more than 6% yesterday, the worst one-day decline in seven years as investors’ risk appetite returned, boosting U.S. stocks. Spot gold tumbled as much as 6% to $1,927.30 per ounce, down sharply from Friday’s record intraday high of $2,089.20. On Wednesday morning during Asia hours, spot gold fell further, last trading at $1880.16
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Bank of England holds interest rate at 0.1%
In an important announcement on Thursday, the Bank of England held interest rates steady and maintained its existing level of asset purchases, as investors watched for signs that it is anticipating a slower economic recovery. The main lending rate was kept at 0.1%, as the central bank cut rates twice from 0.75% since the beginning of the coronavirus pandemic
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Garmin is slowly coming back online after a massive ransomware hack
Five days after a massive ransomware attack, some of Garmin's services are beginning to come back online. Sam Curry, chief security officer of cybersecurity company Cybereason, said the ransomware attack on Garmin was "crippling," and called it "the corporate equivalent of a heart attack." "The longer Garmin is offline, the cost of recovery increases and could cost tens of millions of dollars more," he said.
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