1. A landmark case and now with a historic fine. Amazon agrees to settle a lawsuit saying it tricked people into Prime. Prime generates billions of dollars for Amazon. Remember it started as just an "add-on" for fast delivery. Now you get 'streaming entertainment' with Prime, grocery delivery, and subscriber-only deals.
2. A positive sign in the housing market...sort of. The latest government report says new home sales last month jumped 20 percent compared to July. That's a bigger increase than expected, and a three- year high. Locally, home sales in the Metro Milwaukee Market were essentially flat from August of 2024 according to data from the Greater Milwaukee Association of Realtors. Home prices in the Metro area are up 5.9% to an average price of nearly $449,000. The 10 most expensive U.S. metro areas to buy a home, half are in California. The median home price in San Jose is $1.6 million dollars. Seattle, Honolulu, Bridgeport CT, Boston and New York are also on the list.
3. Pink Slips for green aprons! Some Starbucks workers will soon be getting the boot. The Seattle-based coffee chain just announced another round of store closings and layoffs. No word yet on which under-performing stores will close. 400 sounds like a lot, and it is, especially when you're talking about all the workers who will lose their jobs, but in the big picture of Starbucks' world, it's only one percent of the company's stores.