The Business Roundtable said its members forecast that growth this year will clock in at 2.3%, down from last quarter's estimate of 2.6%.Politicsread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Drone and missile debris recovered by investigators at the Saudi Aramco attack site is proof of Iranian culpability, a Saudi defense ministry representative told media on...World Politicsread more
Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown," says CNBC's Jim Cramer.Investingread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Amazon employees in Minnesota are planning a strike on Prime Day this year, as the company is promoting its faster delivery options but not giving its workers enough credit, they say.
Workers at an Amazon fulfillment center in Shakopee, Minnesota, have plotted to stop working for six hours on July 15, when the 48-hour Prime Day extravaganza kicks off. Bloomberg first reported on this Monday after speaking with one of the people organizing the strike.
Some engineers are planning to fly into Minnesota to join the strike, the report said. Activists there are going to be pushing Amazon to take action against things like climate change and giving more temporary workers the option to become full time, it said.
In the past, Amazon has dealt with more worker retaliation in Europe, where labor unions have greater power. Last year's Prime Day was met with a massive strike by European employees that included workers in Spain, Poland, Germany, Italy and France.
In the Minnesota facility, workers, who are primarily East African Muslims, had been growing increasingly frustrated with Amazon not acknowledging their religious practices. Bloomberg reported organizers there ultimately were able to push Amazon to give workers lighter quotas during Ramadan and space for prayer. But they still think the labor conditions are too intense overall, it said.
Though Amazon has raised its minimum wage for all U.S. employees to $15 per hour, the company has still been a target for its reportedly poor working conditions.
An Amazon spokesperson told CNBC in an email: "The fact is Amazon offers already what this outside organization is asking for. We provide great employment opportunities with excellent pay – ranging from $16.25-$20.80 an hour, and comprehensive benefits including health care, up to 20 weeks parental leave, paid education, promotional opportunities, and more. We encourage anyone to compare our pay, benefits, and workplace to other retailers and major employers in the Shakopee community and across the country – and we invite anyone to see for themselves by taking a tour of the facility."
The disruption on July 15, though it's just planned for one area of the country, could empower other Amazon facilities to take a stand and do the same.