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Media Runs Defense for Amazon After Retail Giant Caught Stealing Millions From Workers Comments It has been a turbulent 24 hours for retail giant Amazon. First, the company’s founder (and world’s richest individual) Jeff Bezos announced that he would step down as CEO. Then, the Federal Trade Commission (FTC) ruled that the company had illegally stolen more than $61 million worth of customer tips meant for its delivery drivers. Under their contracts, Amazon drivers were supposed to make between $18 and $25 per hour and keep all their tips. However, ...

The Washington Post headline uses the term "shortchanged" instead of "stolen" while reporting these business practices of their owner, who happens to be one of the world's richest men, and was CEO of Amazon until yesterday. Via the Post: SEATTLE — Amazon for years promised contract drivers who deliver orders it would give them 100 percent of the tips they earned by delivering goods and groceries. On Tuesday, it settled claims with the Federal Trade Commission, which found that statement false. Amazon agreed to pay the regulator $61.7 million, the amount the FTC claims the company shorted it...

| Credit: JASON REDMOND/AFP via Getty Boeing has reached a settlement with the United States Department of Justice (DOJ) over "a criminal charge related to a conspiracy to defraud the Federal Aviation Administration's Aircraft Evaluation Group," the department stated. The charge is related to the evaluation of the safety of Boeing's controversial 737 MAX planes, which were involved in two deadly crashes between October 2018 and March 2019: Lion Air Flight 610 and Ethiopian Airl...

Everywhere with infrastructure. not only -- i mean in china, for example, they're building new things. their ports are not as old as ours are. we've been trading for so so long. and trade is so important to them that they build the infrastructure. but yes, this is -- these cargo ships are straining ports everywhere. >> and like you said, it adds up to overtime costs and lots of costs. bottom line is we're all going to pay. >> we all will pay, as a taxpayer and a consumer. >> on that cheerful note. >> sorry. >> brenda buttner, thank you as always. you can catch brenda on "bulls and bears" every...