Good morning, CFOs. Amazon plans to change benefit offerings for Whole Foods corporate employees; some entry-level job seekers with AI skills are making $1 million a year; Nvidia breaks a sales record despite Chinese trade hiccups; and Kohl’s shows signs of improvement.

The Amazonification of Whole Foods Market is nearly complete.

On Nov. 10, Amazon.com plans to extend new employment offers to Whole Foods’ U.S. corporate employees, according to an internal memo viewed by The Wall Street Journal. The employees, who work in roles including marketing and merchandising, will have about a month to review their new titles, salaries and benefits.

The move is designed to bring Amazon’s grocery teams closer together and ease collaboration and innovation, said a spokeswoman, Lauren Snyder.

Whole Foods corporate employees will have access to an Amazon discount and healthcare benefits. They will lose certain Whole Foods perks, such as their in-store discount and four weeks of remote work a year, the memo said.

When Amazon spent $13.7 billion to buy Whole Foods in 2017, the Austin, Texas-based grocer was primarily regarded as a high-end chain known for natural foods and specialty products.

📆 Earnings

• Affirm
• Autodesk
• Best Buy
• Burlington Stores
• Dick’s Sporting Goods
• Dollar General
• Gap
• Hormel Foods
• Ulta Beauty

📈 Economic Indicators

The Bureau of Economic Analysis releases its second preliminary estimate of second-quarter gross domestic product.

The Department of Labor releases initial jobless claims for the week ended Aug. 23.

The National Association of Realtors releases its pending home sales index for July.

It’s a tough time to be a young person looking for a job—unless you’re in artificial intelligence.

The job market for entry-level workers is in a continued slump. While AI is part of the reason for the doldrums, there is a bright spot when it comes to workers with actual experience in machine learning. They’re in their early 20s, they have AI know-how, and a bunch of them are making $1 million a year.

📈Earnings wrapup

• Nvidia Predicts Cooler Growth After Sales Record
• Five Below Lifts Guidance After Sales Pop
• Kohl’s Stock Soars After Troubled Retailer Shows Signs of Improvement
• HP Expects Growing Demand for AI-Enabled Personal Computers to Continue
• Abercrombie & Fitch Raises Outlook Despite $90 Million Tariff Cost
• Tariffs Are Hitting Your Morning Brew. Folgers Maker Says Prices to Rise Further
• Williams-Sonoma Raises Full-Year Outlook Despite Trump’s Tariff Threat on Furniture Imports
• Dollarama Sees Slower Growth as Consumers Turn Cautious
• Urban Outfitters Says Higher Tariffs Will Eat More of Margins

📰 Other headlines

• Flexport, BlackRock Join to Offer $250 Million in Supply Chain Financing
• Mark Andol, Retailer Who Sold Only 100% Made-in-U. S. Items, Dies at Age 59
• Three Accused of Stealing TSMC Chip Secrets to Aid Japanese Supplier
• Cracker Barrel Says It’s Going Back to Its Old Logo After Backlash
• After Cracker Barrel Uproar, Activist Investor Seizes the Moment
• First Google, Now Microsoft: Tech Staff Are in Revolt Over Gaza
• India Braces for the Pain of Trump’s Stiff Tariffs
• Exclusive: How a 9-Year-Old Tiktoker Helped Turn a Joke Into Arizona Beverages’ Next Drink

The Wall Street Journal's CFO Journal offers corporate leaders and professionals CFO analysis, advice and commentary to make informed decisions. We cover topics including corporate tax, accounting, regulation, capital markets, management and strategy.

Follow us on X @WSJCFO. The WSJ CFO Journal Team comprises reporters Kristin Broughton, Mark Maurer and Jennifer Williams, and Bureau Chief Walden Siew.

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