Yahoo Finance Live anchor Seana Smith breaks down the release of Amazon’s ‘Prime Early Access Sale’ results. Read More...
TheStreet.com
Amazon Sends New Warnings About the Economy
Amazon is determined to be well prepared to weather the sharp economic downturn on the horizon without a big scratch. The monetary policy of the Federal Reserve (Fed) to crush inflation, which is at its highest in 40 years, is likely to cause a so-called hard landing of the economy aka recession. Many top economists, such as Harvard’s Larry Summers, say the economy is likely to enter a recession this year or next, thanks to the large interest-rate increases from the Federal Reserve.