Tag: wrongly

Apr42021 by adminNo Comments

Amazon apologises for wrongly denying drivers need to urinate in bottles

Business

EPAAmazon has apologised to a US politician for falsely denying that drivers are, at times, forced to urinate in plastic bottles.Mark Pocan, a Democrat from Wisconsin, referenced Amazon making "workers urinate in water bottles" in a tweet.The official Amazon Twitter account then replied: "If that were true, nobody would work for us."The company has now apologised after evidence emerged of drivers having to urinate in bottles."We owe an apology to Representative Pocan," Amazon said in a statement."The tweet was incorrect. It did not contemplate our large driver population and instead wrongly focused only on our fulfilment centres." It added that its fulfilment centres all have dozens of toilets that employees can use "at any time". ReutersMr Pocan had criticised Amazon for opposing efforts ...

Dec162018 by adminNo Comments

Federated Investors' top fund manager thinks the market is wrongly pricing in a 2019 recession

Finance

Wall Street angst over a possible recession may be increasing, but one bull refuses to waver. Federated Investors' Steve Chiavarone believes there's nothing on the horizon that suggests the 2018 market corrections will become a massive downturn next year.Rather, he sees stocks hitting fresh record highs — citing labor market trends, inflation levels, the Treasury yield curve and credit spreads as key factors contributing to a favorable economic and market environment. "We don't have any of the early signs of recession. Yet, we have a market where despite 20 percent earnings growth, the P/Es [price-earnings ratios] have ...