Amazon announced the company plans to hire 100,000 additional employees in the U.S. and Canada. The move continues as the company continues its rapid expansion which, began as the coronavirus pandemic forced many people to stay home and shop online for work and other necessities. Robust online spending during the crisis has fueled Amazon’s growth and created a need for more workers. New jobs will be added at dozens of Amazon locations paying at least $15 an hour and including benefits and signing bonuses of as much as $1,000 in some cities. Hiring for the jobs has already begun. Amazon, also said it would open 100 operational buildings this month alone, including fulfillment centers, delivery stations, sorting centers and other sites. That will add to more than 75 others already opened this year in Canada and the U.S. Amazon has experience tremendous growth this year as coronavirus restrictions pushed millions more people toward online shopping.
ViacomCBS announced Tuesday it’s streaming service, CBS All Access, will be rebranded as Paramount+ in early 2021. The rebranded service will take on rivals including WarnerMedia’s HBO Max, Disney’s Hulu and Disney+, and NBCUniversal’s Peacock as traditional media companies dip into streaming. The company also announced new shows coming to the streaming service. New shows on Paramount+ include “The Offer,” a scripted, 10-episode series about producer Al Ruddy’s experience with making “The Godfather.” Other new shows include “The Real Criminal Minds,” a true crime docuseries based on the existing CBS show, and a revival of BET’s “The Game.” Also, previously announced shows like SpongeBob SquarePants spinoff “Kamp Koral” and a new SpongeBob movie will be released early 2021, for which the service will be the exclusive streaming destination. Currently, CBS All Access costs $5.99 per month with advertisements and $9.99 per month. ViacomCBS did not mention in its statement if pricing would stay the same or if there will be an increase once the rebrand has been completed.
Asia: Asisan shares closed higher on Tuesday as investors watched China’s August economic data.
Europe: European stocks closed higher on Monday investors focused on Brexit-related developments and central bank actions later this week.
U.S: U.S. markets closed A rebound in technology shares lifted U.S. stocks Monday, helping major indexes recover after last week’s pullback. DJIA: +327.69 27,993.33 Nasdaq: +203.11 11,056.65 S&P: +42.57 3,383.54
Word Of The Day:
Dollar Cost Averaging (DCA)
An investment technique used by investors to buy a fixed dollar amount of a particular investment on a regular schedule ignoring the price per share.
Dinner or Drink:
1/2 oz. dry vermouth
1/2 oz. sweet vermouth
1 oz. gin
2 dashes bitters
Stir all ingredients with ice, strain into a cocktail glass, and serve.