Money

How much cash is on the table in Amazon’s pay rise announcement?

Published

3 years ago

April 29, 2021

Anthony Lucas

Amazon is set to give their US workers a pay rise, a massive move for America’s biggest employer.

It’s some great news to employees of the company, with the increase pay to be between 50 cents to $3 per hour.

The increase more than half a million workers on its fulfilment, delivery and sorting teams.

And the raises will take effect between May and June head of a federal hearing over a defeated unionisation drive.

Darcie Henry, a vice president in Amazon’s human resources group, said Henry the company was hiring for “tens of thousands of jobs” across its logistics operations in the US.

The hiring spree coincides with a rapid expansion of the company’s warehousing and distribution unit to deal with the pandemic-fuelled surge in online orders and cut delivery times. The company took on 500,000 new workers in 2020 alone, bringing its total workforce to nearly 1.3 million people worldwide.

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.