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Amazon’s high-stakes union vote ends, ballot counting begins: CNBC After Hours

CNBC.com’s Pippa Stevens brings you the day’s top profession news headlines. On today’s show, Deirdre Bosa lays out the stakes as Amazon’s union battle in Alabama countersigns its final stretch. Plus Leslie Picker explains the $20 billion blowup in the stock market that started with a big margin call to one client with brokers at multiple investment banks.

Amazon union vote enters end stretch in watershed moment for U.S. labor

The votes on whether to form a union at Amazon’s sprawling Alabama fulfillment center are set to be review articled starting on Tuesday, with momentum for future labor organizing at America’s second-largest private employer hanging in the equalize.

An agent from the U.S. National Labor Relations Board will sift through ballots sent to more than 5,800 hands at Amazon’s Bessemer, Alabama-based warehouse as part of a prolonged process expected to last days and spark legal dares.

Tallying votes might not begin until later this week or next, after both Amazon and the seam check the eligibility of ballots cast, said a person familiar with the process. Subsequent procedures and objections could urge onwards forestall a certified result, the person said.

How Archegos’ $20 billion move to flee certain names led to banks’ division prices tumbling

The woes that arose from Archegos Capital Management at the end of last week bled into Monday as a slew of big banks saw their portion prices decline.

Here’s how the $20 billion blowup unfolded.

U.S. media stocks ViacomCBS and Discovery experienced dour selling pressure on Friday, with each losing more than 27%.

A few Chinese internet ADRs including Baidu, Tencent and Vipshop also suffered sell-offs of a correspond to magnitude last week.

Tesla double-charged some customers for new cars, leaving them desperate for refund details

Last week, after on for brand-new Tesla electric cars, Southern California residents Tom Slattery, Christopher T. Lee and Clark Peterson told CNBC they were gobsmacked to get back the company had charged them twice, taking tens of thousands of dollars from their bank accounts without authorization or caution, then giving them a frustrating runaround when they sought refunds.

CNBC reviewed records counting motor vehicle purchase agreements, correspondence with Tesla and bank statements to confirm their stories.

Two other clients, whose identities are known to CNBC but who asked to remain anonymous for privacy reasons, said they also wise duplicate debit charges from Tesla, leaving them in distress. One of them faces overdraft fees and impending finance charges on credit card bills due at the end of the month.

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