Money
Amazon employees to make a quick buck thanks to hiring incentives
Employees of the e-commerce company will be raking in the cash as Amazon introduces bonuses and pay rises to entice job seekers.
Amazon employees in the US can look forward to bigger paychecks as the company increases the average wage.
Back in May, the e-commerce platform paid their employees an average of $17 per hour but these new changes will see pays increase by more than $18.
While some may see the pay rise as a small jump, the increase will cost the company an extra six percent in payroll.
Aside from growing paychecks, all the rave surrounds the $3,000 cash bonuses some locations are signing their employees.
And for those who won’t see their wallets filled with instant cash, Dave Bozeman, Vice President of Amazon Delivery Services says they may be entitled to triple of what the company offered them three months prior.
Calling all job seekers
The e-commerce company is also looking to employ 125 thousand staff for their warehouse and transportation departments.
The roles on offer are both full-time and part-time, with the need for workers coming from the company’s need to keep up with consumer demand.
The changes come at a time where big companies work to lower the unemployment rate across the US.
As financial assistant incentives expire across the country, Amazon is hoping that job seekers will use the opportunity to join their forever growing team.
They’re using their competitive pay rates to do this, as Amazon works to keep their top spot as the second-biggest private employer in the US.
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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