News Clippings for Monday Morning

Stephen L Kanaval |

Spain’s election was inconclusive. Spanish markets are rattled from the coming end to the two-party system and a more crucial role for Catalonia. The country is seemingly divided between old and new. Castile and Leon voted strongly for the Popular Party, while Madrid and Barcelona are waving the banner for new parties—Podemos and Ciudadanos. Mariano Rajoy holds a flimsy majority vote of 28.7%. Spain is an important state of flux.

Amazon warehouse workers are striking in Germany. Pay and conditions are the reason why German workers are striking in Amazon’s second biggest market. Amazon has 10,000 warehouse employees and just as many seasonal workers. Amazon has responded by saying that this will not affect order fulfillment in Europe and that workers receive an equivalent of 10 euros, which is on the upper end of comparable jobs.

SpaceX launches another rocket. And this time the rocket will land, as SpaceX tries to recycle its rockets as part of Elon Musk’s goal to economize space travel. The Falcon 9 will lift off on Monday from Cape Canaveral and then descend back on a concrete landing pad.

A landslide in China’s industrial city of Shenzen left 85 missing. A man-made mound of earth and construction debris gave way blanketing an area of 455,000 square yards. The landslide caused a natural gas explosion as well. Shenzen has been a boom town of the last 30 years and this disaster will bring questions of development ethics.

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Companies

Symbol Name Price Change % Volume
AMZN Amazon.com Inc. 769.72 -0.70 -0.09 1,145,132

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