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However, core inflation, excluding energy, food, alcohol and tobacco, remained at 2.9% from the prior month, just missing the 2.8% forecast.
The rate of price rises in services also failed to move sticking at 4.1%.
The move is aimed at competing with e-commerce upstarts Temu and Shein, both of which have ties to China.
The new storefront will offer unbranded products, with numerous items priced below $20. Amazon plans to ship these goods directly from China, targeting a delivery window of round 10 days. This initiative is a strategic move by Amazon to counter increasing competition and broaden its assortment while preserving competitive pricing.
While the precise launch date has not been announced, the storefront is anticipated to begin accepting products in the autumn of 2024.
It is indeed amazing and absolutely true – when the medusa (adult jellyfish) or Turritopsis Dohrnii comes to the end of its life, it descends to the ocean’s depths and commences decomposition – it starts to decay but remarkably, its cells then reassemble, not into another medusa, but into polyps.
From these polyps, new jellyfish are born. In essence, the jellyfish reverts to a previous stage of its life cycle, thus beginning life anew.
This extraordinary capability has led to it becoming known as the “immortal jellyfish.”
As a free service, you’ll encounter ads while accessing the content. Tubi operates on an advertising-based model, which enables them to offer their wide-ranging collection at no cost. Content will be available from Lionsgate, NBCUniversal, Disney and Sony Pictures Entertainment.
It has been owned by Murdoch’s Fox Corporation since 2020. As of May 2024, the service boasts 80 million monthly active users in the U.S.