This chapter explores Amazon's recent wage increase for warehouse workers in response to seasonal demands and labor concerns, alongside the company's efforts to enhance profitability. It analyzes Amazon's stock performance and growth potential in both retail and cloud sectors, while also discussing its advancements in AI and data management. Furthermore, the chapter highlights the competitive landscape in cloud services, particularly the strategic importance of chip development for AI applications.
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Bloomberg Intelligence Senior Technology Analyst Anurag Rana discusses Amazon raising the pay of its hourly warehouse workers by at least $1.50 an hour and adding Prime memberships to their benefits. Jeff Krumpelman, Chief Investment Strategist at Mariner Wealth Advisors, shares his thoughts on Fed policy and his investment strategy. Thomas Carroll, CEO at Ballast Rock Asset Management, talks about how lower rates could impact real estate investing. And we Drive to the Close with Greg Halter, Director of Research at Carnegie Investment Counsel.
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