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Amazon encouraging customers to pick up purchases

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This is a move to slash costs for home delivery and returns amid slack consumer demand

 
Amazon is offering customers $10 to pick up a purchase, rather than have it shipped to a home address.

The online behemoth has offered certain Prime members $10 to retrieve their own orders of $25 or more from company pick-up points such as Whole Foods, Amazon Fresh and Kohl’s.

This is a move to slash costs for home delivery and returns amid slack consumer demand.

The company’s request went out in an email this week to an unknown number of Prime subscribers.

It’s also a major pivot for the company that for years trained consumers to expect fast, no-fee deliveries and returns.

Amazon late last year hiked the price of its annual Prime subscription by $20 to $139.

It also raised minimum order thresholds for free grocery delivery and expanded speedier same-day delivery with a fee for orders under $25.

Amazon has also started charging some customers a $1 fee, if they return packages via a UPS store when there is a closer Amazon location.

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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