In this Oct. 1, 2020 file photo, an Amazon Prime logo appears on the side of a delivery van as it departs an Amazon Warehouse location in Dedham, Mass. Amazon is paying nearly $62 million to settle charges that it took tips from its delivery drivers. The Federal Trade Commission said Tuesday, Feb. 2, 2021, that for more than two years, Amazon didn’t pass on tips to drivers, even though it promised shoppers and drivers it would do so. (AP Photo/Steven Senne, File)
Amazon is paying nearly $62 million to settle charges that it took tips from its delivery drivers. The Federal Trade Commission said Tuesday that for more than two years, Amazon didn’t pass on tips to drivers, even though it promised shoppers and drivers it would do so. The FTC said Amazon didn’t stop taking the money until 2019 when the company found out about the FTC’s investigation. Seattle-based Amazon.com Inc. did not immediately respond to a request for comment Tuesday. The online shopping giant will pay $61.7 million to settle the charges, which the FTC said will go back to drivers.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
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It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
