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$ 100,000 in bribes helped Amazon’s fraudulent sellers earn $ 100 million, DOJ says

Six people were indicted on charges of paying over $ 100,000 in bribes to Amazon employees and contractors as part of a plan to offer third-party sellers unfair advantages on the Amazon marketplace. Among other things, the prosecution claims that Amazon workers who accepted bribes reinstated sellers whose accounts had been suspended for offering dangerous products, and these workers suspended …

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Empty malls are getting amazing new tenants

With mall vacancies accelerating rapidly amid an increase in online shopping, owners are quickly looking for other ways to reuse the excess of empty stores that will help increase traffic to the malls. According to data from research firm (REIS) Moody’s Analytics, the vacancy rate in shopping centers is at an all-time high of 9.8% in early September, surpassing the …

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The DOJ charges six people in the scheme for bribing Amazon employees

A worker assembles a delivery box at the Amazon fulfillment center in Baltimore, Maryland, the United States, April 30, 2019. Clodagh Kilcoyne | Reuters On Friday, the US Department of Justice accused six people of participating in a plan to bribe Amazon employees and contractors to gain “an unfair advantage” in the company’s online marketplace. Federal prosecutors say, since at …

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Fed’s Kashkari Says Warnings of Spur-of-Inflation Are Just “Ghost Stories”

Warnings that US inflation is about to rise are unsupported by any evidence and amount to “ghost stories,” Minneapolis Federal Reserve Chairman Neel Kashkari said Friday. There has been talk since 2008 that once inflation starts to rise, it would accelerate, forcing the Fed to brake sharply by raising its political interest rate, Kashkari said, in an essay posted on …

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Dow under pressure on Friday as tech stocks slump, dragging the S&P 500, Nasdaq lower

U.S. equity indices headed lower early Friday, with indices trying to avoid a three-session weekly losing streak amid uncertainty about a new round of fiscal stimulus from Washington lawmakers and to concerns about tensions between the United States and China. The day’s trading action marks a fourfold witching, which refers to the simultaneous expiration of single stock options, single stock …

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Trump and Biden virtually tied in the University of Michigan consumer sentiment survey

Donald Trump and Joe Biden are practically involved in a critical presidential election poll, and have been for months. In the University of Michigan consumer confidence survey released Friday, forty-eight percent of consumers predict a Biden win and 47 percent predict a Trump win. This virtual link existed in the data from July to September. The University of Michigan Consumer …

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Tesla shares get price target hike to $ 515 from Piper Sandler

Shares of Tesla Inc. TSLA, + 4.43% was up 4.4% in pre-market trading, extending previous gains, after Piper Sandler analyst Alex Potter became the second most optimistic on the road, citing a more optimistic outlook on Tesla Energy and the compensation package based on shares of CEO Elon Musk. Potter raised his price target to $ 515 from $ 480, …

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