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FT News Briefing
An historic prisoner swap
Aug 2, 2024
Evan Gershkovich, a US journalist recently released in a historic prisoner swap, shares insights into the complex negotiations that led to this landmark event. He discusses the implications of the exchange for US-Russia relations and the role of high-profile individuals in brokering the deal. The conversation also touches on the ramifications for global financial markets amid shifting central bank policies, particularly how they are pivoting from inflation control to supporting economic growth, which is vital for investors.
10:33
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Quick takeaways
- Amazon's earnings report, despite cloud computing growth, disappointed investors due to narrow profit margins leading to a significant share price drop.
- A historic prisoner swap between Russia and Western countries illustrates complex diplomatic negotiations but does not signify improvement in U.S.-Russia relations.
Deep dives
Amazon's Earnings and Market Reaction
Amazon's latest earnings report fell short of investor expectations despite growth in its AI-driven cloud computing division. While the company outperformed forecasts in revenue, declining profit margins due to increased capital spending resulted in a significant drop in its share price, falling over 5% in after-hours trading. This downturn contributed to a broader decline in the tech-heavy NASDAQ, which experienced a fall of more than 2% as chip manufacturers like Arm and Qualcomm issued disappointing outlooks. The overall market volatility reflects growing concerns among investors regarding the sustainability of the recent surge in tech stock valuations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode