Day: September 14, 2020

Amazon hiring again: 100,000 full- and part-time openings

The hiring spree at Amazon continues. The e-commerce giant on Monday said it would hire 100,000 full and part-time workers across the United States and Canada for jobs including sorting customer orders and making deliveries. 

The announcement by Amazon comes five days after the company said it would bring on 33,000 employees for technology and corporate positions, many paying in the six figures. The latest openings pay at least $15 an hour, with Amazon paying signing bonuses of up to $1,000 in some cities, according to the company.

Those cities include Detroit, Kentucky, Louisville, New York and Philadelphia, Alicia Boler Davis, who oversees Amazon’s warehouses, told the Associated Press.

The jobs, which also include stowing, picking and packing, come as Amazon expands its operations across the U.S.

“We are opening 100 buildings this month alone across new fulfillment and sortation centers, delivery stations, and other sites,” Dave Clark, Amazon’s

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DeFi Protocol Linear Finance Raises $1.8M in Seed Round

Decentralized finance (DeFi) protocol Linear Finance announced the completion of a $1.8 million seed round Wednesday.

  • NGC Ventures, Hashed, CMS Holdings, Genesis Block and Kenetic Capital led the investment, while Alameda Research, Evernew Capital, Soul Capital, Moonrock Capital, Black Edge Capital and PANONY also participated, according to a press release.
  • Alongside their investments, NGC founding partner Tony Gu and Hashed co-founder Ryan Kim will join Linear’s advisory board.
  • The funding will go towards accelerating the development of Linear’s testnet and mainnet, as well as promoting its platform, the protocol’s team said in a press release.
  • Linear claims to be the first cross-chain compatible, decentralized delta-one asset protocol that can create, trade, and manage synthetic assets.
  • “With DeFi, we are experiencing one of the most significant and important shifts in our cryptocurrency ecosystem,” said Linear co-founder Kevin Tai.
  • Linear’s new investors bring experience in areas including financial innovation, key market expansion
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TD faces class-action lawsuit over travel insurance and cancelled trips amid pandemic

Toronto-Dominion Bank is facing a class-action lawsuit over its refusal to pay travel insurance claims following trip cancellations triggered by the COVID-19 pandemic.

Lead plaintiff Kevin Lyons cancelled his family’s flight to Italy along with their Mediterranean cruise in early March after the Canadian government advised against travel to the region, the proposed class action says.

TD turned down a claim for $6,673 by Lyons, citing the travel credit available to him for the flights and cruise, according to the statement of claim filed in Ontario Superior Court.

Lawyer Sivan Tumarkin, whose firm represents Lyons, says future credit does not amount to cash reimbursement and that TD must pay the Toronto resident’s claims under the terms of its own travel insurance policy.

“Nowhere does it say in the policy that if you’re offered a credit or voucher that the insurance company is off the hook for reimbursing you that expense,”

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