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
Earnings
The recent volatility in the bond market has been a cause of concern for equity investors, raising questions about how rising yields will affect stocks in the year 2024. According to Goldman Sachs, the key threshold to watch out for is 5% on the 10-year Treasury yield. In a comprehensive 19-page report analyzing market data
GBP/JPY has shown a steady rise recently, mainly due to the overall positive market sentiment that has led to a reduction in flows towards the safe-haven Japanese Yen. The positive lending data in the UK indicates that credit remains ample, adding to the bullish outlook for the Pound. Despite disinflationary trends in the UK, analysts
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As investors eagerly await the conclusion of the U.S. Federal Reserve meeting, all eyes are on whether interest rate cuts are still on the table for this year. While it is unlikely that there will be any rate action, Federal Reserve Chair Jerome Powell’s comments about potential policy easing later in 2024 will be closely