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
Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.
The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.
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Money
Gold hits record highs as investors flee risk
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.
The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.
Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.
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Money
Markets edge higher as 10-year yields hit new highs
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.
The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.
Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.
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