Amazon's (NASDAQ: AMZN) Prime Day was actually a two-day shopping event on July 12 and 13. The company said in a statement on Thursday morning following the event that it was its best Prime Day ever. The record-setting shopping comes as Amazon's online sales face headwinds from the economic reopening that's gaining momentum worldwide. Read More...
CoinDesk
The Fed Is Upside-Down on Inflation and That’s a Big Risk
The last time the U.S. suffered a nasty bout of inflation, in the 1980s, the economic emergency was seen as so dire the Federal Reserve, then led by Paul Volcker, jacked up interest rates by as much as three percentage points. “Unless we respond to the increase, which could be quite large in this period, we’re going to have a real credibility problem,” Donald Winn, former senior official of the Federal Reserve Board, told Volcker at the Fed meeting in March 1980, according to the meeting transcript.
