Amazon.com Inc. said Wednesday that it is extending the $5.99-per-month Prime membership rate offered to low-income customers with a valid EBT (electronic benefit transfer) card to Medicaid recipients. Customers can sign up for a 30-day free trial, there’s no annual commitment and customers can cancel at any time. The monthly Prime membership fee was raised to $12.99 in January. There’s also a $6.49-per-month student membership and an $8.99-per-month Prime Video membership. Separately, Amazon also announced plans for its first Missouri fulfillment center in St. Peters, which will create more than 1,500 full-time jobs. The fulfillment center will span 800,000 square feet, and workers will pack and ship small items such as books and electronics. Amazon shares are up nearly 82% for the past year while the S&P 500 index is up 15.2% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News