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

Why the meme-stock frenzy is unlikely to repeat

Published

11 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

15 hours ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

2 days ago

May 13, 2024

ticker NEWS

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