Money
Amazon set to pay for staff’s College fees – but who’s really eligible?
Amazon is gearing up to spend $1.2 billion for its employees to attend College
The world’s biggest eCommerce platform announced it’ll pay the full cost of college tuition for eligible staff.
Amazon estimated that the new benefit along with new training initiatives the company is set to offer, would require a total investment of $1.2 billion by 2025.
Amazon’s recent announcement comes after other major companies such as Target and Walmart extending similar offers to their U. S. workforce. Those companies continue to come up with new initiatives, commission strategies and company benefits as a method to lure and retain workers during the tight labor market.
The offer from the eCommerce giant will commence in January 2022 and will include the cost of college tuition, fees and textbooks for warehouse, transportation and other hourly employees who want to pursue bachelor’s degrees.
To be eligible an employee must have been employed by Amazon for 90 days
Amazon’s new benefit also includes covering the costs of education for high school based diploma programs, GEDs and English as a second language certifications.
Amazon confirmed that it will also add three new education programs as part of its training offerings as a way to provide staff with the opportunity to learn skills in data centre maintenance and technology, IT, and user experience and research design.
The company’s offering is expected to a popular attraction point for the retention of staff and also attracting new employees to the workforce.
Money
Alphabet launches $20B bond to fund AI expansion
Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.
Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.
Alphabet has launched a record $20 billion bond offering to finance its massive AI infrastructure build-out, signalling strong investor confidence in the company’s growth strategy. The oversubscribed sale shows that investors are betting on Alphabet’s AI potential and long-term returns.
By using debt instead of equity, Alphabet can raise funds without diluting shareholders. The money will support AI research, advanced computing, and other strategic projects, cementing the company’s leadership in the sector.
Brad Gastwirth from Circular Technologies explains how corporate debt is reshaping tech financing and how investors perceive AI-linked bonds. This record issuance could set a trend for other tech companies looking to fund innovation.
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Money
AI tax tool sparks market turmoil for financial firms
Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.
Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.
Shares of major financial services firms tumbled after the launch of a new AI-powered tax planning tool. LPL Financial dropped nearly 11%, while Charles Schwab and Raymond James Financial fell more than 9%, signalling investor concern over AI disrupting traditional advisory services.
Morgan Stanley also saw a 4% decline as fears grow that AI could replace some of the most profitable offerings of established firms. Earlier this year, the introduction of other AI models already caused turbulence in software stocks, suggesting this could be a broader trend affecting multiple sectors.
The iShares U.S. Broker-Dealers and Securities ETF was down 4% on Tuesday, reflecting the market-wide uncertainty surrounding AI adoption in finance. Investors are closely watching whether AI will complement or cannibalise the industry’s core services.
#AIImpact #WallStreet #FinancialMarkets #InvestingNews #MorganStanley #CharlesSchwab #RaymondJames #FinTech
Money
RBA rate shock: ASX200, Gold and Crypto market
RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.
RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.
The RBA’s latest interest rate decision has sent ripples through the ASX200 and AUD, leaving investors weighing what comes next. We break down how these changes could affect global equities ahead of this week’s crucial non-farm payroll and consumer price index releases.
Zoran Kresovic from Blueberry Markets shares his analysis on the rebound in gold and silver after recent market turbulence, and what factors could drive further gains or sell-offs in the commodities market.
We also dive into the current state of cryptocurrencies, exploring how investors can navigate volatility and what to watch as economic data continues to shape market sentiment.
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#RBA #ASX200 #GoldMarket #SilverRebound #CryptoUpdate #InvestingTips #MarketVolatility #EconomicOutlook
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