Amazon Posted Blowout Profits in Q2 2023 as Cost Cuts are Working
The tech giant reported its highest net income in over a year, boosted by cost saving efforts, while offering upbeat revenue guidance, helped by strong Prime Day sales
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The tech giant reported its highest net income in over a year, boosted by cost saving efforts, while offering upbeat revenue guidance, helped by strong Prime Day sales
Watch today’s US Open for insights on the rate hike by the Bank of England and the impact on GBP/USD, the US downgrade by Fitch that weighs on Wall Street and more
After its previous outsized move, the BoE opted for a smaller 0.25% hike today, but the 3-way vote split and the typically absent forward guidance, sustain the uncertainty around the outlook
The index sold-off on Wednesday after Fitch downgraded the US long term rating, with focus now shifting to Big Tech earnings and the jobs report
Today’s Q2 labor report showed an increase in unemployment, which could help the bank stay in the sidelines after last month’s pause, sending the Kiwi lower
Watch today’s US Open for insights on the second straight pause by the central bank of Australia, the stealth YCC tweak by the bank of Japan, China’s poor PMI and more
After the collapse of 2022, the social media giant turned things around with a series of initiatives and the stock benefits with a nine-month profitable streak – the longest since its 2012 IPO
The pair retreats, weighed by the decision of the Australian central bank to stay on the sidelines for second straight meeting, as it kept rates at 4.1% today
The BoJ pledged more flexibility in its yield curve control (YCC) on Friday, but the implicit nature of the YCC tweak disappointed Yen bulls and the pair rises
Chinese factory activity contracted for fourth straight month, suppressing USOIL today, but heads towards it best month in over a year as authorities have pledged stimulus measure
The German Index hit fresh all-time highs after the European Central Bank hiked rates on Thursday, as Ms Lagarde opened the door to a pause, in a dovish press conference
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