Amazon Fresh is significantly raising the threshold its Prime customers will need to meet in order to receive free grocery delivery, according to an email sent to members of its Prime service.
Beginning Feb. 28, orders under $50 will incur a $9.95 fee; orders between $50 and $100 will incur a $6.95 fee; and orders between $100 and $150 will include a $3.95 fee. Only orders above $150 will not come with a fee.
This change, which follows the company’s decision in 2021 to raise fees for Whole Foods Market orders, comes as Amazon tries to improve online grocery profitability and contends with the recent slowdown in e-commerce growth.
With this update, which applies to orders from both Amazon Fresh stores as well as its online-only service, Amazon is more than quadrupling the amount Prime shoppers must spend on a grocery order in order to get free delivery. Previously, the company waived delivery fees on orders over $35.
The move echoes past steps Amazon has taken to address profitability across its budding grocery properties. In late 2021, Whole Foods caused a stir when it tacked on a $9.95 service fee for delivery orders after previously offering the service for free on orders over $35. Earlier that year, Amazon shuttered its Amazon Pantry stock-up grocery service.
Moreover, the news highlights the harsh economic realities of offering online grocery service as costs mount and sales growth slows amid ongoing inflation.
“We’re introducing a service fee on some Amazon Fresh delivery orders to help keep prices low in our online and physical grocery stores as we better cover grocery delivery costs and continue to enable offering a consistent, fast, and high-quality delivery experience,” an Amazon spokesperson said in an email. “We will continue to offer convenient two-hour delivery windows for all orders, and customers in some areas will be able to select a longer delivery window for a reduced fee.”
Amazon Fresh will continue to offer free one-hour pickup service for Prime members, according to the brand’s website, which also lists the new delivery fee structure.
Amazon Fresh has been delivering groceries since 2007, and nowadays also incorporates a fleet of more than 40 stores. The rollout of Amazon Fresh stores appears to be paused, however, with The Information reporting last month the company has not opened a new location since September. A company spokesperson previously declined to comment on the development when reached by sister publication Grocery Dive.
SEDGEWICK, Kan. (KSNW) — One Sedgwick man will spend every Chiefs game at Arrowhead Stadium from here on out, without ever traveling to Kansas City. He brought the Chiefs Kingdom right to his front door.
Dennis Basye says he has always been a Chiefs fan. He’s gone to many Chiefs games in the past, but it’s not something he has been able to do lately. So, he used his creativity and art skills to create the best gameday experience possible right from his home.
It all started about six or seven years ago when Basye retired.
“I used to go to games quite a bit,” Basye said. “And since I retired, the ticket prices just weren’t in my budget.”
But he wasn’t going to let that stop him.
“I just brought Arrowhead to me,” Basye said.
That’s exactly what he did.
“I went out to shop and said let’s do it,” Basye said.
Many of the pieces in his yard he built and painted himself, even the field.
“Made myself some 3-D stencils,” Basye said. “I watch them guys up there and said, hey, I could do that.”
He also brings in his family to help add to the decorations, but more importantly, they enjoy the games together.
“Ever since he started doing this, it’s been fun coming over here watching all the championship games with him and just hanging out, having a blast with him,” Kyle Basye, Dennis’s grandson, said.
Among all the fun and joy his front yard brings, he built it for a special purpose.
“I did it on behalf of my deceased wife, and she was a big Chiefs fan,” Dennis Basye said. “It is what keeps me going and kind of a dedication to her.”
Her name was Joy. Multiple people in the community gave Dennis the same sign that reads “Joy to the Chiefs.”
“I got one in my house, and I got one on the front of my sled,” Dennis Basye said. “And I just like this. It’s the joy of my life.”
Dennis Basye said he’s not planning on stopping any time soon.
“I just keep adding to it, and as the Chiefs build their kingdom, I build with them,” Dennis Basye said.
Dennis Basye says people are always stopping by to take pictures of his front yard. He says he was blessed with an artistic gift, and he loves sharing it.
Elon Musk’s recent decision to enact major price cuts for Tesla vehicles has reportedly angered customers who paid significantly more for the same models before the discounts took effect.
Tesla slashed prices for some of its car models by up to 20% in mid-January as it looks to stave off increased competition in the electric vehicle sector and boost sagging demand. The discounts also increased the number of buyers who are eligible for a $7,500 federal tax credit.
The sharp price cuts meant Tesla owners who bought their cars just weeks earlier likely paid thousands of dollars more than those who waited until January.
Vikas Khanna, a healthcare executive who bought a Tesla Model Y SUV in late December, told the Wall Street Journal that he missed out on about $5,000 in savings. Khanna, a longtime Tesla fan who bought two vehicles in the past, paid about $65,000 for his Model Y.
“It just reminded me and solidified why Tesla, as an organization, is one that I can no longer trust,” Khanna told the outlet.
Khanna added that car pricing should be treated differently than other products that occasionally receive price cuts.
“You don’t take out a loan for an iPhone,” he added.
Another Tesla customer near Atlanta, Kapil Sharma, said he was denied a refund when he approached the company after buying a Model Y just two weeks before the discounts were implemented.
“We do not have a return policy and we do not price match or price adjust completed orders,” the company told him, according to texts reviewed by the Journal.
Elsewhere, a petition started by Tesla-focused YouTuber Dennis Wang, which asks the company to offer free services to people who bought its vehicles last year ahead of the discounts, has garnered more than 6,000 signatures.
Owners have also grumbled about a decline in the value of used Tesla vehicles, prices of which plunged 17% from a peak of $67,297 in July to $55,754 in November, according to a recent Reuters report. Other used cars declined 4% over the same period.
Musk addressed Tesla’s pricing strategy during the company’s earnings call last week, revealing Tesla has generated its “strongest orders year-to-date than ever in our history” in January.
“Price really matters. I think there’s just a vast number of people that want to buy a Tesla car but can’t afford it,” Musk said. “These price changes really make a difference for the average consumer.”
Through the platform, customers can view wedding advice content, access various wedding vendors, take advantage of the bridal retailer’s loyalty rewards program and get discounts on certain vendors. Couples can also manage their registry, build a wedding website, book appointments at David’s Bridal and create a wedding checklist.
Vendors can join the platform for free, create their own web pages on the site and showcase their offerings, according to the announcement. Alternatively, vendors can pay $49 per month to access trunk shows and other networking events, or $119 per month for a premium membership.
“Pearl was developed at the request of our very own brides,” Jim Marcum, CEO of David’s Bridal, said in a statement. “Brides told us they wanted easier planning tools, a more seamless experience from planning to buying the dress, and more ways to earn Diamond points. Pearl also addresses pain points and gaps in the market couples experience when planning their wedding.”
David’s Bridal has also worked to vary its product assortment, both through launching new product lines and through acquisitions. The retailer bought the assets of Anomalie, a custom wedding dress company, for an undisclosed sum last year. As part of the acquisition, Anomalie’s co-founder and CEO, Leslie Voorhees Means, joined David’s Bridal to manage “new strategic initiatives.”
Billionaire Gautam Adani’s sprawling business empire has lost a stunning $68 billion in market value through Monday — despite a 413-page attempted rebuttal to a short seller’s fraud allegations that blasted them as an “attack on India.”
The biggest losses hit Adani Total Gas Ltd. and Adani Green Energy, which each plunged as much as 20% during trading Monday, according to Bloomberg data. The stock slump threatened to detail Adani Group just as it embarked on a $2.5 billion stock sale.
Adani Group tried to dismiss Hindenburg’s allegations in the lengthy report released Sunday, alleging the short seller’s allegations amounted to “calculated securities fraud” aimed at driving down the conglomerate’s value and hurting the country of India’s economic progress.
“This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India,” Adani Group said in its response.
In a sharp response to Adani’s rebuttal, Hindenburg said the company had failed to address 62 of the 88 specific questions it had raised about its operations and internal governance.
“Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised,” Hindenburg said.
Hindenburg also slammed Adani’s assertation that its claims of fraud were harmful to India itself.
“To be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future. We also believe India’s future is being held back by the Adani Group, which has draped itself in the Indian flag while systematically looting the nation,” the firm said.
Last week, Hindenburg said it had “uncovered evidence of brazen accounting fraud, stock manipulation and money laundering at Adani, taking place over the course of decades.” The firm said its findings were based on a two-year investigation.
Hindenburg said it had identified a network of shell companies in tax havens operated by Adani family members and close business associates that were allegedly used to inflate the corporation’s earnings.
Adani’s personal wealth has taken a major hit since Hindenburg’s allegations surfaced. The 60-year-old has lost nearly $28 billion on paper since the start of the year and fallen from third to seventh on Bloomberg’s list of the world’s richest individuals.
Swing Commodity trading is a short-term trading strategy that involves taking advantage of short-term price movements in commodities. Swing traders typically hold positions for a few days to a few weeks, and they look to profit from both rising and falling prices.
There are a number of different swing commodity trading strategies that can be used for commodities. Some popular strategies include:
Trend following: This strategy involves identifying trends in commodity prices and then trading in the direction of the trend. Trend-following strategies can be very effective for capturing large profits, but they can also be risky if the trend reverses. Check more on the commodity trading app.
Range trading: This strategy involves trading between support and resistance levels in commodity trading prices. Range trading strategies are less risky than trend-following strategies, but they also offer lower potential profits.
Momentum trading: This strategy involves trading based on the momentum of commodity prices. Momentum traders typically buy when prices are rising and sell when prices are falling. Momentum trading strategies can be very profitable, but they can also be very risky if the momentum reverses. Check more on commodity trading app.
No matter what swing trading strategy you choose, it is important to have a solid risk management plan in place. Swing trading can be a very profitable way to trade commodities, but it is important to remember that there is always risk involved. Check more on commodity trading app.
Here are some additional tips for swing trading commodities:
Use technical analysis: Technical analysis can be a helpful tool for identifying trends, support and resistance levels, and momentum.
Set stop-losses: Stop-losses are orders that automatically sell your position if the price moves against you by a certain amount. Stop-losses can help you limit your losses if the market moves against you. Check more on commodity trading app.
Use a risk management plan: A risk management plan should outline how much money you are willing to risk on each trade. It is important to stick to your risk management plan to protect your capital.
Be patient: Swing trading is a short-term commodity trading strategy, but it is important to be patient and not expect to get rich quickly.
By following these tips, you can increase your chances of success in swing trading commodities.
Here are some additional swing trading strategies for commodities:
Fibonacci retracement: Fibonacci retracement levels can be used to identify potential support and resistance levels. Swing traders can look to buy near Fibonacci support levels and sell near Fibonacci resistance levels.
Moving averages: Moving averages can be used to identify trends and support and resistance levels. Swing commodity trading experts can look to buy when prices are moving above a moving average and sell when prices are moving below a moving average.
Relative strength index (RSI): The RSI is a momentum indicator that can be used to identify overbought and oversold conditions. Swing traders can look to buy when the RSI is oversold and sell when the RSI is overbought. Check more on commodity trading app.
By using these swing trading strategies, you can increase your chances of success in trading commodities.
Poker is a game of skill. While luck can play a role in winning a game in the short term, it is skill and strategy that separates the novices from the professionals. If you’re just starting, it can be daunting to think about the level of mastery required to play big stakes. However, with the right approach and mindset, beginners can learn how to play poker like a pro and win big.
In this beginner’s guide, we’ll break down the basics of poker, outline strategies for mastering the game, and share some tips for winning big. Whether you’re looking to play at your local casino or compete in major poker tournaments, this guide will help set you on the path to success.
Understanding Poker Basics
The first step in understanding poker is to familiarize yourself with card values. Poker cards are ranked from high to low, with the ace being the highest-ranked card. The other ranks, in descending order, are king, queen, jack, 10, 9, 8, 7, 6, 5, 4, 3, and 2. It’s imperative to note that in poker, the suits of the cards (hearts, diamonds, clubs, and spades) have no bearing on the rankings.
Knowing the Hand Rankings
Once you’ve learned the card values, it’s time to understand poker’s ranking system. TexasHold ‘em, the most popular poker game has ten-hand rankings. These rankings, in descending order, are:
Royal flush: A, K, Q, J, 10 of the same suit.
Straight flush: Five cards of the same suit in sequence.
Four of a kind: Four cards of the same rank, plus one random card.
Full house: Three cards of the same rank, plus two cards of another rank.
Flush: Five cards of the same suit.
Straight: Five cards in sequence that may be in different suits.
Three of a kind: Three cards of the same rank, plus two random cards.
Two Pairs: Two cards of one rank, two cards of another rank, plus one random card.
One Pair: Two cards of the same rank, plus three random cards.
Highcard: If no one has any of the above hands, the player with the highest-ranked card wins.
Mastering Poker Strategy
One of the most significant aspects of poker strategy is reading your opponents. This involves observing their behavior, betting patterns, and body language to determine what kind of hand they have. Some common tells include fidgeting or fiddling with chips when nervous, an increase in breathing or heart rate, and avoiding eye contact.
Calculating Pot Odds
Another key element of this strategy is calculating pot odds. This involves comparing the pot size to the size of the bet. It also involves determining whether the potential payout is worth the risk. For example, if the pot is $100 and your opponent bets $20, the pot odds are 5:1. This means that you would need to win the hand at least six times to make a profit.
Tips for Winning Big
One of the most helpful tips for winning big in poker is to set a budget and stick to it. It’s easy to get caught up in the excitement of the game and keep betting, even when you’re on a losing streak. However, this can quickly lead to overspending and financial stress. Before you start playing, set a budget for yourself and promise not to exceed it.
Taking Calculated Risks
While it’s imperative to manage your bankroll, it’s also necessary to take calculated risks if you want to win big. This means being willing to bet aggressively when you have a strong hand and making strategic bluffs to deceive your opponents. However, it’s crucial to only take risks backed by a solid understanding of the game and a thorough grasp of your opponents’ skills and behaviors.
Poker may seem intimidating to beginners, but with a little practice and the right strategies, you can play like a pro and win big. By learning the basics of the game, mastering key strategies, and following our tips for success, you’ll be well on your way to becoming a skilled and successful poker player. So, gather your chips, practice your poker face, and hit the tables!
PayPal Holdings said Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest fintech firm to blame mass layoffs on the economic slowdown.
The payments firm also joins Big Tech firms and Wall Street titans, which are executing layoffs across corporate America as companies look to rein in costs to ride out the downturn.
PayPal’s move to keep a tight lid on costs comes against the backdrop of decades-high inflation hitting the purchasing power of consumers who also have to contend with the threat of a looming recession.
“While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” said PayPal’s Chief Executive Dan Schulman in a statement.
Shares of the payments firm, which lost about 60% of their value last year, closed up 2.3% at $81.49.
“Similar to other tech companies, PayPal is seeking to position itself financially and strategically, bracing for an economic slowdown,” said Moshe Katri, analyst at Wedbush.
Thomas Hayes, chairman and managing member at investment firm Great Hill Capital told Reuters that “tech over-hired during the pandemic and rationalizing staff during a soft period will help them to retain margins as conditions recover.”
In November, PayPal had cut its annual revenue growth forecast in anticipation of a broader economic downturn and said it did not expect much growth in its US e-commerce business in the holiday quarter.
Executives at the company said at the time that a challenging macro environment, and slowing e-commerce trends were pushing it to be prudent with its forecast.
The world’s tallest Holiday Inn has won a judge’s approval to become a shelter for migrants in downtown Manhattan — clearing the way for a deal with the city that will pay the hotel’s owner $190 a room per night.
Earlier this month, the 50-story, 492-room Holiday Inn Manhattan Financial District – which filed for bankruptcy in November after getting slammed by the pandemic — inked an agreement with New York City Health and Hospitals, the agency charged with housing the Big Apple’s ballooning migrant population, according to court documents.
The nightly room rate the city will pay — which, with the hotel at full capacity, amounts to a daily tab of $93,500 and a monthly tab of $2.8 million — is at the high end of a range between $115 and $190 the city has allotted for a migrant hotel housing program that now reportedly spans dozens of hotels citywide, according to hotel consultant Geoffrey Mills.
It’s also well above an average daily room rate of $102 the hotel was getting in January with an occupancy rate of 60%, according to court filings. On Tuesday, the hotel’s website was advertising rooms at $145 to $149 per night.
A federal bankruptcy judge in Manhattan approved the plan on Monday submitted by the hotel’s owner, Chinese developer Jubao Xie. The hotel estimates that it would earn $10.5 million through the end of the contract on May 1, 2024, which would help pay down its debts, which include $11 million in interest on its loans.
Under the agreement, the city will provide 24-hour security and be responsible for removing “guests that may be unruly or otherwise pose a danger or nuisance to the other guests, the employees and contractors,” according to court papers. The hotel will provide housekeeping services at least three times a week.
The filings provide a rare glimpse into the partnerships the city is forging with some 70 local hotels, including The Row, The Watson, The Stewart, The Paramount and Night Hotels that have agreed to temporarily house migrants.
“It pulls back the curtain on these agreements, which are otherwise not public,” said distressed-debt expert Adam Stein-Sapir.
Under the agreement, the hotel’s franchisor IHG Hotels and Resorts is requiring that it not be advertised as a Holiday Inn during the contract period and that “exterior branded signage be covered and it otherwise be made clear to the public that the Hotel is not available for public use,” according to court documents.
If any migrants stayed in the hotel past the contract, the city would be obligated to pay the hotel $750 per room per day as incentive to clear the hotel out, according to the filings.
Mayor Eric Adams said this month that the cost to house and care for asylum seekers coming across the Mexican border, mainly from Central America, has already exceeded the city’s estimates and is approaching $2 billion or double what the city had forecasted. Some 40,000 migrants have come here since last year, the city said this month.
According to the agreement, microwaves will be removed from the rooms, with a few moved to common areas to prevent safety hazards that have stemmed from migrants using hot plates in their rooms — an issue that arose at the Row NYC hotel in Times Square, as exclusively reported by The Post. The city will also provide all food but might use the hotel’s restaurants and employees to prepare meals, according to the filing.
A conflict between the Holiday Inn and its lender, Wilmington Trust National Association, came to a head last week when the bank asked the judge to block the plan, objecting to among other things the terms of the agreement that allow the city to determine whether to repair “excess wear and tear” to the hotel.
“Operating the hotel as an asylum seekers’ residence is not consistent with the Hotel’s brand, how it is marketed or how it may be impaired from being marketed after the proposed contract ends,” the lender said in a Jan. 24 filing.
The property’s owners countered in a Jan. 17 filing that the bank’s claims were “outrageous,” alleging that the lender’s “ultimate goal is getting rid of the [hotel’s] favorable loan.”
The hotel, which first opened in 2014, defaulted on its $137 million mortgage in 2020 with the onset of the pandemic. The hotel’s loan rate is 5.25%, which equals about $612,000 in monthly interest payments.
“The hotel has to be performing pretty well for it to keep its existing loan in place,” Stein-Sapir said. The irony is that “if the hotel is performing well, it’s not great for the lender, which doesn’t want to get stuck with a low market loan on its books,” Stein-Sapir added.
An attorney for Wilmington Trust didn’t respond to requests for comment.
The famed plane — nicknamed the whale for its distinctive hump and formally known as the Queen of the Skies — has been in service since 1970.
It has logged tens of millions of miles carrying passengers around the world and will even been modified to fly the president on Air Force One.
The 747 was taken out of service by US carriers in 2017, though some remain in use abroad.
It has remained in service as a cargo plane, with the last and 1,574th, a model 747-8 Freighter, delivered to Atlas Air in Boeing’s hometown of Everett, Wash.
Thousands of current and former Boeing employees, customers and suppliers were in attendance to celebrate the final delivery.
“It’s a very emotional experience, I know, for so many of the current team and so many that have lineage in the program over the many decades,” Kim Smith, Boeing’s vice president and general manager for the 747 and 767 programs, told Reuters.
Developed in the late 1960s, the first 747 made its debut for the now-defunct Pan Am in 1970. The wide-body jet was designed to facilitate larger passenger flights during a boom in air travel at the time.
Boeing took just 28 months to design and build the 747, which was the world’s first twin-aisle plane at the time of its debut. The model has long been produced out of the same Boeing plant in Everett.
Newer plane models produced by Boeing and its competitor, Netherlands-based Airbus, are more fuel efficient than the 747 and utilize two engines instead of four.
“If you love this business, you’ve been dreading this moment,” aviation analyst Richard Aboulafia told The Associated Press. “Nobody wants a four-engine airliner anymore, but that doesn’t erase the tremendous contribution the aircraft made to the development of the industry or its remarkable legacy.”
Production of the 747 had slowed in recent years due to sagging demand. Boeing delivered just five of the planes last year, far less than its peak of 70 aircraft in 1990.
Smith said that Boeing employees who worked on production were either reassigned to other roles or voluntarily retired.
Nevertheless, Boeing 747-9 planes are expected to remain in service as cargo freighters for the next several years.