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Stockreport

Walmart sued over last-mile delivery driver compensation [Yahoo! Finance]

Walmart Inc. (WMT)  More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in late December against Walmart and Branch Messenger for allegedly forcing delivery drivers to use costly deposit accounts for pay reimbursement and misleading workers about how they could access their earnings. According to the lawsuit, Walmart and Branch opened Branch accounts for last-mile Spark drivers and deposited pay into these accounts without the drivers' consent. Spark consists of independent drivers who work with Walmart to fulfill delivery requests. Furthermore, Walmart told Spark drivers that using Branch was a requirement to get paid and that those who refused would be terminated, the lawsuit stated. The lawsuit also alleged that Walmart and Branch misled workers about the availability of same-day access to earnings. Drivers had to follow a complex process to access their funds and faced further delays or fees if they needed to transfer money into a different account, resulting in workers paying more [Read more]
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Stockreport

Walmart sued over last-mile delivery driver compensation [Yahoo! Finance]

Walmart Inc.  (WMT) 
More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in late December against Walmart and Branch Messenger for allegedly forcing delivery drivers to use costly deposit accounts for pay reimbursement and misleading workers about how they could access their earnings. According to the lawsuit, Walmart and Branch opened Branch accounts for last-mile Spark drivers and deposited pay into these accounts without the drivers' consent. Spark consists of independent drivers who work with Walmart to fulfill delivery requests. Furthermore, Walmart told Spark drivers that using Branch was a requirement to get paid and that those who refused would be terminated, the lawsuit stated. The lawsuit also alleged that Walmart and Branch misled workers about the availability of same-day access to earnings. Drivers had to follow a complex process to access their funds and faced further delays or fees if they needed to transfer money into a different account, resulting in workers paying more [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WMT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS