Inflation hits Amazon: Price of Prime memberships going up

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Inflation hits Amazon: Price of Prime memberships going up

Circle Squared Alternative Investments Jeff Sica provides analysis into the Amazon markets report on ‘Varney & Co.’

Amazon announced Thursday that it would be boosting the price of its Prime membership for U.S. customers, citing rising costs as the reason behind the decision.

In a letter to investors outlining its fourth quarter earnings, the company stated that increased wage and transportation costs along with its expansion of membership benefits has led the online retail giant to increase its Prime fees for the first time since 2018.

FILE PHOTO: Logos of Amazon and Amazon Prime are pictured on vehicles outside the Amazon Fulfilment Centre in Altrincham, near Manchester, Britain, November 26, 2021. REUTERS/Carl Recine/File Photo (Reuters / Reuters Photos)

STATEN ISLAND AMAZON WAREHOUSE GAINS ENOUGH SUPPORT FOR UNION ELECTION, LABOR BOARD SAYS

Monthly Prime memberships will go from $12.99 to $14.99, and annual memberships will be hiked to $139 from the

Stocks notch 3rd day of gains, Apple hits record

Game

UBS GWM Head of America’s Equities David Lefkowitz discusses his outlook for stocks and the possibility of future gains.

U.S. stocks notched the third day of gains as investors continue to monitor the COVID-19 variant and its potential impact on the economy.

The Dow Jones Industrial Average rose over 34 points or 0.1%, while the S&P 500 and Nasdaq Composite were higher by 0.3% and 0.6%, respectively. This after the S&P 500 posted its best day since March on Tuesday.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35754.75	+35.32	+0.10%
SP500	S&P 500	4701.21	+14.46	+0.31%
I:COMP	NASDAQ COMPOSITE INDEX	15786.987996	+100.07	+0.64%

The latest Job Openings and Labor Turnover Survey or JOLTS showed 11.03 million job openings in October, the highest number of openings since July, when businesses were looking to fill 11.1 million positions. It marked an increase from September when there were an

Twitter co-founder Jack Dorsey: Hits & misses

Twitter shares jump amid news of CEO Jack Dorsey stepping down. FOX Business’ Susan Li with more updates.

Twitter co-founder Jack Dorsey stepped down as CEO from the social media platform on Monday, saying in an email announcing the move to employees that he was “really sad…yet really happy” about the decision.

News of his departure as chief – for a second time – sparked plenty of buzz and became the top trending subject on Twitter. Reactions were mixed, with many users sending Dorsey well-wishes and others declaring good riddance, speaking to the controversies surrounding the tech entrepreneur over the years.

MIAMI, FLORIDA – JUNE 04: Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square on stage at the Bitcoin 2021 Convention (Photo by Joe Raedle/Getty Images) (Photo by Joe Raedle/Getty Images / Getty Images)

As Dorsey moves on to his next chapter, here are

Fed’s inflation gauge hits fresh new 31-yr significant as prices continue to soar

Former Kansas Town Fed President Thomas Hoenig discussed challenges in making an attempt to tackle inflation in both equally the small and lengthy time period.

Yearly inflation is managing at the best rate in additional than a few many years as common source shortages, extraordinarily higher customer demand from customers and climbing wages fuel promptly increasing cost improves.

Price ranges soared by 5% in the 12 months as a result of Oct, according to the Individual Intake Expenditures cost index info unveiled Wednesday morning. That topped the previous month’s estimates, turning out to be the quickest rate increase given that November 1990.

Excluding the much more-volatile measurements of foodstuff and vitality, charges rose 4.1% in October from the prior calendar year – the greatest considering the fact that January 1991. That measurement is the Federal Reserve’s preferred gauge to monitor inflation their target range is around 2%.

FED TO

Comcast’s broadband tempo slows in Q3 when cellular hits a new quarterly file

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The pace of broadband subscriber development at Comcast slowed to 300,000 in Q3 2021 even as the rate of lines being additional at Xfinity Cellular attained a quarterly history of 285,000. &#13
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Comcast’s broadband provides of 300,000 subs have been in line with analyst expectations of +296,000. But individuals gains were down from 633,000 adds in a year-back quarter fueled by the COVID-19 pandemic, and off from the 379,000 adds in the pre-pandemic period of Q3 2019. Comcast ended the quarter with 31.68 million broadband subs, good for 52.2% penetration of households and firms passed. Broadband revenues climbed 11.6%, to $5.8 billion. &#13
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Dave Watson, CEO of Comcast’s cable device, attributed the broadband slowdown to a lower in all round new connects across the firm’s footprint, building less options for “soar balls” in opposition to broadband competition. On the other hand, broadband subscriber churn remains