Amazon ( NASDAQ:AMZN ) stock gained about 9.0% in January. Around mid-February, the stock had risen more than 20% for the year. However, Amazon stock has given up most of its early gains amid to the recent sell-off due to coronavirus fears. Notably, the company isn't alone. Facebook ( NASDAQ:FB ), Alphabet ( NASDAQ:GOOGL ), and Apple stocks have also been impacted due to the coronavirus.
The coronavirus pandemic has caused many businesses to close. Companies have asked their employees to stay away and work from home when possible. Also, authorities have locked down cities in a bid to curb the spread of the deadly virus.
Quite a lot has been going on:
Former Bloomberg Campaign Staffer Sues for Failure to Pay Overtime Wages - American Greatness
A woman who worked for former New York City Mayor Michael Bloomberg's (D-N.Y.) presidential campaign filed a lawsuit against the billionaire, claiming that she and others were not provided with the overtime pay that they were promised, according to the New York Post .
The woman, Donna Woods, claims that the campaign's failure to pay them overtime constituted a violation of the Fair Labor Standards Act. She further claims that the campaign subsequently left them without health insurance, which was exacerbated by the spread of the coronavirus.
Saratoga County tweaks overtime details during pandemic
BALLSTON SPA — After coming under fire for providing massive pay hikes to essential workers, the county slightly adjusted the plan Wednesday, cutting the number of managers who are receiving time-and-a-half pay and capping such compensation at 35 hours a week.
A total of 32 managers will be paid overtime wages for the first 35 hours they work, and will receive regular wages any time after that. However, another 300 essential employees, a Saratoga County official confirmed, will continue to get time-and-a-half for every hour they work.
Farmers urge wage board not to lower overtime threshold
ALBANY — A cadre of local farmers testified at a Department of Labor wage board hearing on Friday, urging the board not to make additional changes to a new law that sets a 60-hour threshold for farm workers to receive overtime pay.
Many of the farm owners who spoke at the hearing said they would have preferred that the provision of the Farm Laborers Fair Labor Practices Act that sets the 60-hour threshold not exist in the first place — but under the law, which went into effect Jan. 1, the wage board can only make a recommendation to lower or keep the 60-hour threshold, not raise or eliminate it.
Were you following this:
Bonuses and pay hikes: How grocery stores keep workers on the front lines - CNN
Top 10 things to know about new FLSA overtime calculations - Lexology
From 15 January 2020, new, more employer-friendly regulations came into effect determining how overtime pay is calculated under the Fair Labour Standards Act (FLSA). The US Department of Labour (DOL) promulgated the regulations to "provide clarity and to better reflect the 21st-century workplace".
The FLSA requires that employers pay overtime at one and one-half times an employee's regular rate of pay for hours in excess of 40 hours per week. There are, of course, some jobs that are exempt from overtime under the FLSA; these regulations affect only overtime-eligible jobs.
Amazon Workers In At Least 10 Warehouses Test Positive For Coronavirus
A growing number of cases -- in New York, California, Texas and at least six other states -- could ... [+] endanger the company's ability to deliver food and other household staples to Americans.
Amazon workers in at least 10 U.S. warehouses have tested positive for coronavirus, marking an escalation at the company that could endanger the health of its workforce as well as its ability to deliver food and other household staples to millions of Americans unable to leave their homes.
Gig worker reforms won't be included in the budget | CSNY
Before the coronavirus pandemic turned the world upside down, it seemed that New York was on track to follow California in granting gig economy workers – like delivery cyclists and on-demand task do-ers – labor protections that they don't currently have as independent contractors.
But now, with the coronavirus occupying most, if not all, of lawmakers' time, it looks like the effort to secure gig workers more labor protections will be put on the back burner. "The world has changed a million ways since January. Things that we thought we were going to be able to negotiate and get passed into law by April 1, don't appear to be likely anymore," state Sen. Diane Savino told City & State on Wednesday.
Happening on Twitter
Nearly 64 million Americans rely on Social Security. Read my new op-ed with @RonWyden on why boosting Social Securi… https://t.co/T8MRyDeHI2 SenWarren Sat Mar 21 15:26:34 +0000 2020
Can fashion have healing powers? One writer makes the case for why "Legally Blonde pink" is the mood-boosting hue t… https://t.co/inkVUz50X7 VogueRunway Wed Mar 25 08:37:04 +0000 2020
We must be there for Canadian 🇨🇦 families in need. This is why we are: ✔Boosting the Canada Child Benefit ✔Incr… https://t.co/1Au2Zw4Fqe HonAhmedHussen (from Toronto, Ontario) Thu Mar 19 18:10:14 +0000 2020
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