good morning! This is Betty Lin-Fisher in today’s edition of The Daily Money.
The second boycott of Amazon and its affiliates begins today and continues until May 12th. This is the latest consumer boycott as he protests against what is called corporate greed, diversity, equity, inclusive efforts, and companies that have curtailed Donald Trump’s efforts since resigning to office.
The Amazon boycott is organized by People’s Union, the same grassroots group that adjusted the blackouts for the economy on February 28th and adjusted the blackouts for the three-day blackouts in April.
The boycott includes Amazon and its affiliates, including Whole Foods Market, Amazon Fresh, Amazon Prime Video, Audible, Twitch, Ring, Zappos, Kindle, and more.
Amazon Boycott adds to separate actions by other groups protesting against Target and other retailers and businesses for the rollback of the DEI initiative.
It’s the latest on these boycotts.
Temu is making a big difference
A few days after the major trade loopholes were closed, e-commerce platform Temu overhauled its business model by stopping shipments of Chinese-made goods to US customers, Amaris Encinas reports.
Instead of offering American consumers a large amount of discounted products from China, the company is currently selling products shipped from US-based warehouses.
Here’s what Temu shoppers need to know:
Will interest rates fall?
The Federal Reserve is a meeting, and economists hope that the board will stabilize interest rates when the meeting is over tomorrow.
Why isn’t the Fed low fee?
📰Consumer stories should not be overlooked
About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
