Money
Amazon workers prepare to strike as Black Friday kicks off
Amazon workers in 20 countries are planning protests and work stoppages on Black Friday
The protests, set to take place in nations around the world including the US, UK, and several in the EU is set to have a knock-on impact on processing times for Black Friday orders. The shopping-centric day is among Amazon’s busiest all year.
The Make Amazon Pay group says: “Amazon takes too much and gives back too little.”
It is backed by a coalition of labour groups, trade unions, grassroots campaigns and non-profit-making organisations in individual countries.
Many employees will be working on the day however campaign groups including Amazon workers themselves will be staging protests at Amazon buildings in Coalville, Leicestershire, Coventry, Peterborough and at its London headquarters.
Strikes are being encouraged in other locations, too
In Germany the ‘Verdi’ union called on employees who work at major shopping centres to also strike.
Worldwide, almost 50 organisations have signed up to a lost of ‘common demands’ – published bu the Make Amazon Pay coalition.
Among those demands include raising warehouse workers’ pay and adding hazard pay and peak time increments, halting worker “surveillance” and strict productivity targets, extending sick leave and improving COVID tracing and reporting and paying taxes without using loopholes or tax havens.
Amazon has reported a tripling of profits earlier this year, thanks to its success during peak periods over the pandemic.
Cyber warnings for shoppers
Black Friday is one of the busiest days for retailers right around the world, as consumers snatch many bargains.
Economists expect this year’s shopping sales to set another spending record.
In fact, the National Australia Bank predicts one million dollars a minute will be spent across Black Friday and Cyber Monday.
However, there is now a fresh warning over the rapid rise in scammers ahead of this busy shopping season.
“Cyber attackers track real-world events… Black Friday and Cyber Monday are perfect for cyber attackers.”
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‘Be cynacle of everything… if it seems too good to be true then it probably is”
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Money
U.S. jobs report, Fed decisions, and Japan’s economic risks explained
January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.
January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.
The January US jobs report shows a mixed picture for the economy, with payroll revisions and steady unemployment leaving analysts questioning the impact on Federal Reserve policy. We break down what the numbers mean for interest rates and market confidence.
US stock markets could face turbulence as investors digest the latest jobs data. David Scutt from StoneX explains how these figures may influence equities and what the outlook is for global markets.
Meanwhile, developments in Japan and a strengthening yen could spark new macroeconomic risks. From carry trades to unexpected shocks, we explore how these factors ripple across the global economy.
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#USJobsReport #FederalReserve #StockMarket #MacroRisks #JapanEconomy #GlobalMarkets #CurrencyTrading #EconomicUpdate
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
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