The Thanksgiving shopping weekend may only officially extend five days, but Amazon has been preparing for the busy season — and the rest of the holiday shopping crunch — all year.
By making investments into logistics and other delivery methods, as well as hiring 125,000 full- and part-time workers in addition to 150,000 seasonal workers, the company is confident it can keep things in stock and get items where they need to be. Cheddar News senior reporter Michelle Castillo spoke to global communications director Rena Lunak to find out more.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
