FT News Briefing An historic prisoner swap
17 snips
Aug 2, 2024 Amazon's disappointing earnings report stirs market concerns, emphasizing the ongoing tech turbulence. A historic prisoner swap between Russia and the West raises eyebrows about future diplomatic relations. Insight into major central banks reveals a shift focusing on economic growth over inflation control, highlighting the UK and U.S. approaches. Meanwhile, Japan's unique low-interest policies, coupled with the yen's fluctuations, continue to impact its exporters and spark discussions about market reactions.
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Amazon Earnings Disappoint
- Amazon's earnings report disappointed investors, despite growth in cloud computing.
- Profit margins narrowed due to increased capital spending, causing a stock drop.
Historic Prisoner Swap
- Russia released Wall Street Journal reporter Evan Gershkovich among 16 Western prisoners.
- This historic swap involved freeing 10 Russians, including a convicted murderer.
Central Bank Decisions
- The Bank of England cut rates while the Federal Reserve held steady, signaling potential future cuts.
- This suggests a possible turning point in central banks' fight against inflation.