Amazon is reinstating metal detector screenings and phone registration for its 750,000 U.S.-based hourly warehouse employees to prevent theft, starting with test locations and gradually expanding to all facilities. The new policy requires employees to walk through metal detectors to leave warehouses and share phone serial numbers for identification. Amazon previously faced lawsuits over the screenings but now aims to enhance safety and security for its workers, with 110 warehouses in the U.S. and 1.5 million global employees as of 2023.
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Why Alphabet Stock Flopped on Friday
Alphabet (NASDAQ: GOOG, GOOGL) shares dropped nearly 4% at the end of the trading week, significantly underperforming the S&P 500's 0.2% decline, following the European Union's ruling that the company must pay a €4.1 billion ($4.7 billion) fine for limiting search engine competition through its Android system. Alphabet is currently appealing this fine, which stems from a 2018 decision. Explain It To Me Like I'm 5: Alphabet, the company that owns Google, lost money because...
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