Republicans are again sprinting toward an economic cliff.
Amazon workers are being treated like “animals,” forced to work to the point of physical collapse, it has been revealed. An undercover reporter for the Daily Mirror laid bare the working conditions at the world’s largest retailer. Daily Mirror reporter Alan Selby found that workers at the Amazon plant in Tilbury, Essex, were so tired that they “fell asleep on their feet” while working a 55-hour week.
As the price of the cryptocurrency continues to soar, the Federal Reserve apparently is giving thought to having a product like bitcoin for its own. William Dudley, president and CEO of the Federal Reserve Bank of New York, said at a conference Wednesday that the Fed is exploring the idea of its own digital currency, according to reports from Dow Jones. Any product likely would be well off in the future, he said, adding that it would be "very premature" to estimate when the Fed would come up with its own offering, according to Bloomberg.
Japan’s Toray Industries Inc on Tuesday revealed 149 cases of quality data falsification at a materials-making subsidiary spanning eight years, in the latest quality-assurance scandal to hit a Japanese manufacturer.
A computer glitch has allowed all of American Airlines’ pilots to take vacation during the week of Christmas, according to ABC and Reuters. The error could leave thousands of planes grounded during one of the busiest travel weeks of the year. Citing the union that represents pilots, Reuters reports that over 15,000 planes currently lack pilot assignments in December. “On Friday, management disclosed a failure within the pilot schedule bidding system,” the Allied Pilots Association said in a statement.
Nintendo dominated online sales on Black Friday and Cyber Monday thanks to the company's wildly popular Switch game console, Jefferies analyst Atul Goyal said in a note to clients. The Switch was the best-selling product online across all product categories among online retailers on Thanksgiving, Black Friday, and Cyber Monday, according to Adobe's Digital Insights Initiatives. Nintendo offered no discounts during that time, although the console was already priced below $300.
With Congress wrestling over a tax reform plan that critics say would explode the government budget deficit, Federal Reserve Chair Janet Yellen said she also is concerned over the surging level of public debt. A Senate committee passed the GOP-sponsored proposal, which would slash the corporate tax rate and lower individual income rates for many Americans.
It hasn't been long since Lenovo settled a massive $3.5 million fine for preinstalling adware on laptops without users' consent, and it appears HP is on to the same route already. According to numerous reports gathered by news outlet Computer World, the brand is deploying a telemetry client on customer computers without asking permission. The software, called "HP Touchpoint Analytics Service", appears to replace the self-managed HP Touchpoint Manager solution. To make matter worse, the suite seems to be slowing down PCs, users say.
Wells Fargo bankers overcharged hundreds of corporate clients in order to meet their sales goals, the Wall Street Journal reports. Those bankers, most of whom performed international transactions for corporations, allegedly inflated clients' fees, tacking on millions of dollars in extra charges. The bankers were allegedly driven by Wells Fargo's employee rewards system, which gave sizable bonuses to bankers who exceeded their sales goals.