Money
Dollar, dollar bills: Bigger bonuses for vaxxed Whirlpool employees
Employees of the appliance company have a lot to lose, both physically and financially, if they choose to not roll up their sleeve.
As efforts ramp up to get the rest of America’s population vaccinated, appliance company Whirlpool is offering their staff a staggering incentive.
Employees who choose to roll up their sleeves will receive a $1000 cash bonus.
That’s $800 more than their previous offer, with employees first promised cash awards of $200.
It comes as vaccination rates in the US state of Michigan straggle, with only just over half of their population fully vaccinated.
Both newly vaccinated and previously vaccinated employees will be eligible for the pricey incentive, according to company spokesperson Chad Parks.
“Our employees’ health and safety remains our top priority.”
“Throughout this pandemic they have been working tirelessly to serve our consumers, who are depending on our products more than ever to clean, cook and provide proper food and medicine storage in their homes, and we are working to ensure we can deliver.”
Another company on the incentive bandwagon
Whirlpool joins Devon Energy and Bolthouse Farms who are offering their employees $500 each to get vaccinated, as cases across the nation continue to rise.
There seems to be a growing trend as more companies look to award their employees for getting the jab, opposed to mandating the vaccine.
Investment company Vanguard launched a similar incentive earlier this year.
The cash bonus cost the company roughly $16,500, issuing each eligible employee a $1000 dollar grant until October 1st.
It’s unclear for how long Whirlpool’s offer will last.
A step in the right direction
The bonus follows the announcement of the Biden administrations’ emergency rule, stating that large companies must ensure their entire workforce is vaccinated, or tested weekly.
Companies that don’t comply with this rule could face costly fines of up to $14,000 per violation.
Written by Rebecca Borg
Money
Stocks rally ahead of Thanksgiving as markets log four days of gains
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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Money
Dow surges 500 points amid rate cut optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Money
Gold prices surge as Central Banks buy big, but risks grow ahead
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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