Amazon (NASDAQ: AMZN) is scheduled to report fiscal 2022 second-quarter earnings after the markets close on Thursday, July 28. Now Amazon has more capacity than it needs or wants, costing the company billions quarterly. In its most recently reported quarter, which ended on March 31, Amazon's online sales decreased by 3% compared to the same period the year before. 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.
