Friday, July 29, 2022
Amazon sees resilient consumer demand as shares jump 13 percent
Amazon, like much of the retail industry, is facing a reckoning. Major rival Walmart Inc this week said it would make much less this year than it once expected. US consumer confidence has tumbled to a recent low, and some are sticking to lower-priced essentials to manage economic woes. https://ift.tt/zEo3MqK
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Some crypto executives worry Trump's memecoin undercut the industry's credibility at the very moment crypto is seeking a prominent place in mainstream finance (New York Times)
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