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Amazon is raising the price of Amazon Prime from to 9 per year.The company announced the price hike for its membership program during a call with investors Thursday. The change will go into effect May 11, and it will apply to Prime renewals beginning June 16."We continue to increase the value of Prime," Amazon CFO Brian Olsavsky said on the call, adding that the company has added "digital benefits," like Prime Video.He noted that the company is seeing "rises in cost" for providing Prime services, which include shipping perks and video streaming. 566
According to a monthly jobs report, the U.S. added 1.4 million jobs in August as the unemployment rate fell from about 10% to 8.4%.The unemployment rate is the lowest it has been since government-mandated shutdowns due to he coronavirus took place in March. Prior to the pandemic, unemployment sat at about 3.5%While Thursday's reports continue several months of positive economic news, some analysts believe the gains could be short-lived without another round of stimulus from Congress. Several provisions from the CARES Act, including increased unemployment benefits and bailouts for the airline industry, are already expired or are scheduled to expire in the coming weeks.This story is breaking and will be updated. 727
ALEXANDRIA, Ky. — One northern Kentucky family honored their lost wife and mother by paying it forward to brighten the morning of dozens of people.The Peters family celebrated what they called "Family Friday," where every Friday they put aside distractions and did something together."Our family began our Family Friday in the drive-thru at Dunkin'," 11-year-old Davis Peter said."Every Friday, especially when he was out of school, we would make sure we would enjoy time together as a family," Barry Peters, Davis' father, said. Then, in June, Laura Peters, Barry's wife and Davis' mom, died after going into cardiac arrest at 41 years old. "Since then we have learned to walk in a new normal," Barry said. Barry and Davis wanted to honor Laura, so they made a trip to Dunkin'.Laura "ran on Dunkin'," Davis said, getting coffee there at least four times a week. With that in mind, Davis and Barry did some math to figure out how much Laura would have spent at Dunkin' over six months."Since it's been six months, that would be four medium coffees a week at a piece for the last 26 weeks, equaling 8," Davis said. Barry and Davis then made a trip to Dunkin' with that money."I need you to take the 8; that's how much coffee she would have drank over the last six months," Davis said. "I need you to pay for everyone behind us until it runs out."Barry and Davis then watched from the parking lot as cars rolled up and ordered their morning cup of Joe."Every time somebody pulled up and we'd say, 'You're paid for,' everybody's mouth just fell," Amanda Jones, a shift leader at Dunkin', said. "Then when we told them why, what had happened, everybody was teary-eyed.""I don't remember one person who didn't honk their horn and be thankful," Davis said. "It was just really cool to watch people's reactions and be thankful for it..."This story originally reported by Ally Kraemer on WCPO.com. 1907
After earthquakes and molten lava tore open the earth in Hawaii, residents of the Big Island have new threats to worry about: acid rain and volcanic smog.The Kilauea eruption last week left cracks on the ground, releasing slow-moving lava and toxic gas into island communities.In addition to the lava and volcanic ash spewing out of the ground, officials have warned of dangerous levels of sulfur dioxide gas. 417
A week after they voted to unionize, journalists at DNAinfo and Gothamist learned that their websites have shut down.On Thursday evening, visitors to the sites -- two leading suppliers of local news in New York City -- were met with a message from billionaire owner Joe Ricketts."Today, I've made the difficult decision to discontinue publishing DNAinfo and Gothamist. Reaching this decision wasn't easy, and it wasn't one I made lightly," said Ricketts, who founded TD Ameritrade and is worth a little more than billion according to Forbes.He added that DNAinfo, which was founded in 2009, "is, at the end of the day, a business, and businesses need to be economically successful if they are to endure.""And while we made important progress toward building DNAinfo into a successful business, in the end, that progress hasn't been sufficient to support the tremendous effort and expense needed to produce the type of journalism on which the company was founded. I want to thank our readers for their support and loyalty through the years. And I want to thank our employees for their tireless effort and dedication."The announcement marks a dramatic change of fortune for staffers at the two websites. Last week, reporters and editors there were celebrating a successful vote to form a union. The efforts to organize began in the spring after DNAinfo bought Gothamist.But Ricketts refused to recognize the union, which meant that the National Labor Relations Board had to conduct an official vote. In September, Ricketts explained his opposition to unions on his blog."I believe unions promote a corrosive us-against-them dynamic that destroys the esprit de corps businesses need to succeed," he wrote. "And that corrosive dynamic makes no sense in my mind where an entrepreneur is staking his capital on a business that is providing jobs and promoting innovation."Nevertheless, workers overwhelmingly voted to join the Writers Guild last week, which meant that Ricketts and management would have to bargain with the union going forward.Ricketts' message about the shut down was posted on the websites around 5:00 on Thursday, the same time staff members were informed of his decision.Gothamist-affiliated sites in Washington, D.C., Chicago, Los Angeles and San Francisco will also be shuttered. Also affected was the semi-autonomous Shanghaiist site, which was hosted on Gothamist servers but run by a team in China.Staff members were apparently floored by the announcement."It was literally like the daily flow of the newsroom came to a screeching halt," said Scott Heins, a photojournalist at Gothamist. "It was just an absolutely normal day at the office and then someone said 'oh my god the email' and then everyone checked their work email. Some of my colleagues burst into tears really quickly, others shouted. It was immediate shock when we got the email."Rachel Holliday Smith, a reporter for DNAinfo who covered the Brooklyn neighborhood of Crown Heights, told CNNMoney that Ricketts' decision will hurt "all New Yorkers who care about news in their cities and neighborhoods.""I've been getting a lot of messages of support from readers thanking me for my coverage, which is heartbreaking because I truly don't know now who will provide thorough, on-the-ground reporting in large swaths of the city, as we did," Smith said. "There are so many people whose stories were told by DNAinfo and Gothamist. Those voices have been snuffed out. I say this often but it's worth repeating: support local journalism in any way you can."Dan Washburn, who founded Shanghaiist and now works for the New York-based Asia Society, said the news was "heartbreaking.""In an instant, a huge, important, chunk of my life gone, vanished, erased," he wrote on Twitter.The Writers Guild of America East said in a statement that it was "deeply concerned" about Rickett's decision to shut down the publications."The New York offices of DNAinfo and Gothamist recently voted to unionize and it is no secret that threats were made to these workers during the organizing drive," the organization said in a statement. "The Guild will be looking at all of our potential areas of recourse and we will aggressively pursue our new members rights. We will meet with management in the near future to address all of these issues."In the email to employees, which was provided to CNNMoney by a staffer, Ricketts said they will be placed on paid administrative leave beginning Friday and ending on February 2. They'll receive their full salary and benefits until then, unless they start working full-time elsewhere.He said that management plans to reach out to the Writers Guild on Friday "to engage promptly in a good faith negotiation about the effects of the DNAinfo/Gothamist February 2, 2018 shutdown.""As I am sure is true for all of you, this is a sad and disappointing day, but I would like us to wind down things in the way we have always operated: with integrity and professionalism," Ricketts said. 4995