In today's episode of This Changes Things hosts Baker Machado and Hope King bring you the top stories in business and tech, starting with Amazon's goal to take over the shipping industry.
Amazon announced it's preparing to launch its own delivery service for businesses. The service, dubbed "Shipping with Amazon" is expected to begin in Los Angeles for Amazon's independent merchants that sell on its site. From there, it plans to expand to other cities and outside businesses.
Plus, small businesses are slamming Whole Foods for new policies that charge the brands more for prime shelf space and dropping minimum order requirements. The brands are saying the new policies have hurt their bottom lines and aren't afraid to walk away if Whole Foods doesn't address the situation.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.
