this is bbc news with the latest business headlines for viewers in the uk and around the world. higher interest rates will soon be appropriate says the head of the federal reserve as he signals the end of ultra cheap money. another volatile day on wall street with an early stock market recovery wiped out by those comments from the fed. fully charged! tesla hails a breakthrough year with record earnings. but can it continue to swerve the supply chain crisis? plus the rising price of chicken and rice. asian consumers struggle with staple food inflation.
we start in the us, where amazon has delivered, sorry, i almost lost my shoe! we start in the us, where amazon has delivered, once again, for its investors reporting record earnings over the peak holiday season. the online retail and media giant racked up sales of $137 billiob in the three months to the end of december. amazon also said it s raising the price of a prime subscription in the us, as it faces rising labour and shipping costs. from new york, michelle fleury has more. anna is on is raising the price of prime in the us, to $139 per yearfrom $119 for the of prime in the us, to $139 per year from $119 for the annual fee. prime is its subscription service which gives users access to other amazon services
country that still washing into the economy states have not worked through the money the feds arty sent to them they are still handing it out. this is behind inflation. the president has not come up with a better message because to do so it would require changing his agenda he does not want to do that. mary, the other blame game part of the blame game is corporate greed. the white house and other prominent democrats are saying look at the profits. we are in the middle of the earnings season right now. tyson foods has a record earnings in. it is pretty clear they are saying that s a form of profiteering, what are you saying? that s a little bit of a pivot from what joe biden has been saying for the past couple of months. workers are getting higher wages. look, workers are getting raises. he has a problem now especially as he heads out into the country meeting with people. that is, inflation is gobbling up those wage gains. so year-over-year for january,