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Weekend reads: What exactly is going on with big tech stocks? MarketWatch 3 hrs ago TOP TEN Shares of Amazon are little changed this year, underperforming the S&P 500 Index, which has risen 11%. (Getty Images) After many years during which the most familiar technology companies pulled the entire stock market up with them, 2021 is turning out to be a slow one for big tech. Here’s how the 11 sectors of the S&P 500 have performed this year through May 20 (with dividends reinvested): Information technology has been this year’s second-weakest performer, with consumer discretionary taking the bottom spot. (That sector includes Amazon.com Inc. ) That follows a stellar 44% return during the pandemic year of 2020. You can also see that IT has been the market’s long-term leader. ....
Uber drivers in SA want to be independent workers Uber South Africa has hit back after a local human rights attorney announced that it would be representing Uber drivers in a class action suit. Most Uber drivers want to work independently and major changes to the Uber App have improved benefits for local drivers Uber South Africa said in response to the recent announcement of pending legal action against the firm. South African human rights attorneys Mbuyisa Moleele Attorneys, assisted by Leigh Day announced that they will be filing a class action against Uber BV and Uber SA to have drivers declared “employees” in the Johannesburg Labour Court. The move follows a UK Supreme Court victory in which the court ruled that the firm’s drivers in the UK were “workers” in terms of UK labour legislation, and therefore entitled to benefits such as holiday pay. ....