The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
(Adds Amazon statement)
WASHINGTON, Sept 12 (Reuters) - Three U.S. senators on Thursday said Amazon.com Inc should stop working with delivery contractors that violate labor laws by imposing unfair conditions on drivers delivering packages for the e-commerce company.
The senators, in a letter https://bit.ly/2lSfcDP to Chief Executive Officer Jeff Bezos, responded to reports that alleged Amazon pressured contractors and more broadly avoided regulatory scrutiny.
Amazon said in a statement it had taken steps to ensure "a strong safety and labor compliance record across our transportation network of employees and contractors, and we continue to drive improvements that benefit our transportation providers, our customers and the public."
The company added it has "strict requirements for safety and labor wages and working conditions that meet or exceed the law. We also require comprehensive insurance, competitive wages, working hours and numerous other safeguards for our delivery service providers and regularly audit to ensure compliance."
The letter was signed by Democratic presidential hopeful Elizabeth Warren, Connecticut Senator Richard Blumenthal and Ohio Senator Sherrod Brown.
Buzzfeed on Aug. 31 said https://www.buzzfeednews.com/article/carolineodonovan/amazon-next-day-delivery-d e a t h s Amazon was creating what it called exploitative conditions for driver contractors by pushing them to deliver upwards of 250 packages a day.
Amazon had told Buzzfeed it expects its delivery operators to comply with labor laws.
Democratic presidential candidate Andrew Yang had last week also called https://www.buzzfeednews.com/article/kenbensinger/andrew-yang-calls-for-increase d - r e g u l a t i o n - o f - a m a z o n for increased regulation of Amazon's delivery network. (Reporting by Supantha Mukherjee in Bengaluru; Additional reporting by David Shepardson Editing by Maju Samuel and Marguerita Choy)