Amazon demonstrates that consumers are shopping with Q2 sales of $134.4 billion
Amazon is managing inflation with an advantage as other shops struggle with the issue. Amazon's most spectacular quarter to date, Q2 2023, exceeded expectations. "It was another strong quarter of progress for Amazon," CEO Andy Jassy said in a statement on Thursday, August 3.
The earnings demonstrate how successful Jassy's efforts to cut expenses have been. With the elimination of 27,000 roles since the previous autumn and a "small...
Fitch cuts the US’s credit grade due to rising debt
WASHINGTON: Fitch downgraded the United States' excellent credit rating by one point and attributed the action to the nation's mounting national debt and an "erosion of governance" resulting from the ongoing debt ceiling disputes.
The White House's press secretary, Karine Jean-Pierre, blasted the decision to downgrade the US from AAA to AA+, claiming it "defies reality."
In a separate statement, Treasury Secretary Janet Yellen stated that she "strongly" disagreed with Fitch...