Amazon offers Medicaid Prime discount to expand low income reach
Amazon widens access by offering Medicaid recipients a discounted Prime membership at 5.99 per month, no annual commitment, for up to four years. The program mirrors prior food benefits discounts and targets low income households, aiming to boost market share among customers without traditional banking access.
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US Steel eyes restart of Granite City works on tariff plan
U S Steel said it may restart part of its Granite City Works plant in Illinois after President Trump proposed tariffs of 25 percent on steel and 10 percent on aluminum. The restart could hire about 500 workers and take four months. The company idled two blast furnaces and three steel facilities in 2015. The move followed by White House says tariff details due soon amid market concerns and leadership changes.
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Why REITs Fell Despite Strong Economy and Rising Rates
The explanation centers on macro forces. While the S&P 500 rose about 28 percent since 2016, the Dow Jones Equity REIT Index declined nearly 14 percent due to higher interest rates and rising bond yields. A strong economy prompts rate hikes, depressing income-focused assets like REITs. Investors compare REIT yields to Treasuries. when yields rise, REITs must offer higher payouts to stay attractive. Overhangs from retail bankruptcies weigh on specific sectors, but overall underperformance stems from yield and rate dynamics rather than asset values. Long-term, well-run REITs with solid solvency remain durable.
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