*By Max Godnick*
This year, Amazon's Prime Day is really more of a day and a half.
The thirty-six hour global shopping spree is the longest promotion in the event's four year history. While everything from light bulbs to luggage will be on sale, the made-up holiday is meant to drive shoppers to Amazon's own lines of products and devices.
"It's a really ingenious supervillain-type of idea by Jeff Bezos," said Matt Swider, the senior mobile and buying guides editor at TechRadar, in an interview with Cheddar on Thursday.
Prime Day's best deals have always centered around the company's own offerings such as the Echo, Kindle, and Fire suites. Swider says he expects the prices of those items to hit all-time lows when the event starts on July 16th.
"It's almost like the GoPros and the Playstations and the XBoxes are there to tempt you to the site, and then you'll buy Amazon products" he said.
This year, Amazon will extend the Prime Day deals to its brick-and-mortar Whole Foods and Amazon Go operations, bringing the day of savings into the real world for the first time ever.
Prime Day is Amazon's answer to the biggest shopping days of the holiday season: Black Friday and Cyber Monday. Swider said the company picked July because it's in a relatively quiet period in the national cycle of holidays and pop-culture events. While it hasn't quite lived up to the standards set by the end-of-the-year shopping rush, Prime Day fills a niche all its own: affordable home goods.
"It can't compare if you're looking for a Black Friday or a Cyber Monday," cautioned Swider. "If you're looking to pick up an item or two that you've been putting off, this is the time to buy it."
For the full segment, [click here.](https://cheddar.com/videos/everything-you-need-to-know-about-amazons-biggest-prime-day-yet)
The Internal Revenue Service said there are about $1.5 billion in unclaimed tax refunds dating back to 2019.
General Motors will allow its electric vehicles to use Tesla charging stations across the country.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Modelo Especial is now the top-selling beer in the United States, dethroning Bud Light after 22 years. In May, sales of Modelo Especial hit $333 million. That's up 15.6 percent from the same period last year.
Electric vehicles made by General Motors will be able to use much of Tesla's extensive charging network beginning early next year. In addition, GM will adopt Tesla's connector, the plug that links an electric vehicle to a charging station.
The Supreme Court on Thursday gave whiskey maker Jack Daniel's reason to raise a glass, handing the company a new chance to win a trademark dispute with the makers of the Bad Spaniels dog toy.
Cheddar News checks in to see what to look for on The Day Ahead with Chinese EV-maker Nio due to release its report and Jurassic Park is celebrating the 30th anniversary of its release. Meanwhile, 'Transformers: Rise of the Beasts' debuts on Friday across the country.
Kelly Ann Winget, founder of private equity firm Alternative Wealth Partners and author of 'Pitch the Bitch,' a financial guide for those often left out of the male-dominated investment world, spoke to Cheddar News about her experience as an LGBTQ+ manager in the industry.
With wedding season underway, couples can get overwhelmed with finances and planning. Guests also feel stressed, especially when being invited to several weddings. Ted Rossman, senior industry analyst with Bankrate.com, joined Cheddar News to discuss setting up a budget if attending multiple ceremonies.
Tracking Consumer Spending Trends With Tanger Outlets CEO Stephen Yalof
Load More