Amazon’s shares saw nearly a 2% increase after the company exceeded both top and bottom-line expectations. With earnings of 98 cents per share on $143.31 billion in revenue, Amazon outperformed analysts’ forecasts of 83 cents per share on $142.5 billion in revenue. Despite beating expectations in advertising and Amazon Web Services, the company’s second-quarter revenue
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China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) exceeded expectations in April, reaching 51.4 compared to 51.1 in March. This uptick in the manufacturing sector indicates a positive outlook for the Chinese economy. The most significant growth was seen in production, which expanded at the most pronounced pace since May 2023. Additionally, new export orders rose
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Amidst the current economic landscape, Options on Secured Overnight Financing Rate (SOFR) futures are indicating a heightened probability of the Federal Reserve hiking interest rates by a quarter percentage point both this year and next. Analysts have highlighted that U.S. inflation and the labor market are showing resilience, contributing to these increased odds. Investors often
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