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Amazon backflips on return to work plan as team leaders take the reign

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Working remotely a dream no more, as e-commerce giant Amazon asks corporate staff to make an effort to return to the office.

Corporate Amazon employees to the office

Amazon is leaving it up to team managers to decide how often their employees come in to work when offices reopen next year.

CEO Andy Jassy said Amazon found it couldn’t have a “one-size-fits-all approach”, with flexible working to stay beyond the pandemic.

‘We’re going to be in a stage of experimenting, learning, and adjusting for a while as we emerge from this pandemic,’ Jassy wrote in a memo addressed to employees.

The decision comes after the e-commerce giant axed it original plan for corporate staff to return to offices for a 3-day week, by January 3 2022.

But their new approach doesn’t come without a few ground rules, with employees expected to attend in-person meetings.

‘At this stage, we want most of our people close enough to their core team that they can easily travel to the office for a meeting within a day’s notice.’

This expectation therefore crushes the dreams of employees who may have wished to work remotely on an international scale.

High-performing staff already employed to fulfil a work-from-home position are exempt from this rule, but will see their workload cut significantly.

This means that those who want to work from a remote location will only be able to do so for up to four weeks a year.

A hybrid approach

While Amazon employees are expected to make an effort to come into the office, Jassy doesn’t anticipate that all staff will return full-time.

He says that team leaders may choose to have their staff working from home on an almost regular basis, while others may follow a hybrid model.

“It depends on what will be most effective for our customers,” Jassy says.

“[Additionally], we will all continue to be evaluated by how we deliver for customers, regardless of where the work is performed.”

Hundreds of thousands of Amazon’s 1.3 million employees will learn about what is expected of them before January 3 next year.

Meanwhile, Amazon will continue to monitor the rapidly changing dynamic of the pandemic to assess what will help the company uphold their unique customer experience.

“With lots of invention and change in front of us, you can bet that we will continue to adjust as we keep learning what makes most sense for our customers and teams.”

Written by Rebecca Borg

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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.

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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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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– 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.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

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.


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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.

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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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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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