Amazon CEO Jassy’s cost cuts deliver investors biggest profit beat since 2020
Amazon reported earnings that blew past estimates on Thursday, showing just how far the company’s cost cuts have gone to bolster profitability. U.S. News
Tag: cuts
Yellow Corp. cuts one of its C-suite positions
Yellow Corp. moved its headquarters to Nashville from the Kansas City area earlier this year. Nashville Business News – Local Nashville News | The Nashville Business Journal
IMF gives damning verdict on Britain’s tax cuts
The IMF says it “does not recommend large and untargeted fiscal packages” and that the U.K.’s latest economic measures will “likely increase inequality”. International: Top News And Analysis
China’s central bank cuts a benchmark rate for the first time since the pandemic
The last time the central bank cut the one-year and five-year LPR was in April 2020, according to data from Wind Information. International: Top News And Analysis
Iraq, one of OPEC’s biggest over-producers, is urging deeper production cuts
Brent crude is up nearly 2% on Wednesday as OPEC meets in Vienna to discuss potential further output cuts. World News & Analysis
Market may be expecting more rate cuts than the Fed will deliver, meeting minutes show
The Fed's meeting minutes also showed that the trade war dragging down the economy was an overriding concern. World News & Analysis