Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
One hundred million people have signed up for Amazon’s Prime subscription service. The company recently raised the price to $119 a year. The service offers customers free expedited shipping, music and movie streaming, along with a bunch of other lesser-known programs.
But is paying a premium price to shop on Amazon really worth it?
The biggest feature that’s included with Amazon Prime is its free, two-day shipping, which the company says is offered on hundreds of millions of items, along with same-day delivery on some items. But that’s not the only way to get stuff shipped to you to for free. If you don’t mind waiting a bit longer, non-Prime members can receive items in five to eight days with a $35 minimum order.
Competitors like Target and Walmart have upped the ante by offering free, two-day shipping on orders over $35, without any subscriptions.
If you want to see how often you really use your Prime shipping benefits, you can download a copy of everything you’ve ordered from Amazon in the last couple of years. When I looked at mine, I found that I did most of my shopping right before Christmas. So if you’re mostly using Prime around the holidays, you can actually just subscribe to it by the month for $13 and then cancel it after the new year.
Prime also gets you a subscription to its streaming video service. But Prime Video pales in comparison to Netflix. While Amazon is pouring about $5 billion into original content in 2018, Netflix says it will invest $8 billion into premium shows and movies. A survey by Morgan Stanley revealed that 39 percent of consumers said Netflix had “the best original programming,” while Prime Video only scored 5 percent.
Prime gives you access to Amazon’s basic tier of its Prime Music service, which includes free streaming of around 2 million songs. However, that doesn’t even come close to Spotify’s free service, which has around 40 million songs, if you don’t mind the occasional ad.
Prime membership offers an extra 10 percent off sale items at Whole Foods as well as some additional weekly deals.
If you shop exclusively at Whole Foods, these savings will add up over time, but for the rest of us the savings are probably only a couple of dollars here and there. On a recent trip, I didn’t save anything at Whole Foods using my Prime membership.
Amazon also offers a number of smaller benefits — like the ability to rent one free Kindle e-book a month, unlimited use of video game streaming site Twitch and a discounted subscription to The Washington Post.
If you are someone who makes a lot of small purchases on Amazon, the convenience of the free, two-day shipping is invaluable. But, if you’re someone who rarely shops on Amazon, and doesn’t mind waiting a few extra days to get your stuff, you should definitely save your money. Without the convenience of free two-day shipping, you might even find yourself spending less money shopping online.