Amazon’s CEO Says 2023 Will Be a Year of Efficiency. Does That Make the Stock a Buy?

Amazon (NASDAQ: AMZN) went from the darling of the stock market to unloved by many investors in just a few short years. The company's shares soared during the COVID-19 pandemic, when growth for its e-commerce and cloud businesses exploded, but now investors are worried about deteriorating profit margins and weak cash flow generation. Over the past three years, shares of Amazon are actually down 13.5% while the S&P 500 is up 51.2%. Read More...


Fed’s Cook sees a less certain outlook for future of monetary policy

Federal Reserve Governor Lisa Cook said Friday that the outlook for the next stage of central bank monetary policy has grown less clear after the institution has taken appropriately aggressive steps over the last year to lower price pressures. As the Fed moves toward its next decision on where to set interest rate policy, “I am weighing the implications of stronger momentum in the economy apparent in economic indicators over the past few months against potential headwinds from recent banking developments,” Cook said in the text of a speech to be delivered before the Georgetown University McDonough School of Business. “If tighter financing conditions are a significant headwind on the economy, the appropriate path of the federal funds rate may be lower than it would be in their absence,” Cook said, while adding “if data show continued strength in the economy and slower disinflation, we may have more work to do.”

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