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of cheer on wall street: amazon shares soar as it racks up sales of $121 billion in the last three months. hello there. we start in the us, with fears of a recession in the world s biggest economy. in the world s biggest economy are rattling people. official figures out on thursday show it shrinking for the second quarter in a row. two quarters of negative growth are what many countries around the world would define as a recession. not so in the us, as we ll show you why in a minute. us gross domestic product declined at an annual rate ofjust under 1% between april and june. that comes after a steeper 1.6% decline in the first three months of the year. but that hasn t hit the labour market yet. us treasury secretary janet yellen said the economy is now at full employment with the unemployment ratejust 3.6%. meanwhile, prices for groceries, petrol and other basics are rising at the fastest pace since 1981. he s what president biden had to say. both chairman powell an ....
She s also publisher of retail technology magazine. this is the slowest growth amazon s seen in its history, but the company is clearly weathering the global economic slowdown better than most. how is it doing it? i would say that and the sun was one of the biggest winners during lockdowns as shoppers moved online, but the company has said that it expanded too aggressively during the pandemic. amazon. what we have seen a do over the last three months is really aggressively move to sublet all of the warehouse space it expanded into to meet our demands, and it has cut costs and it has actually slowed down its hiring programme as well. am this week announced it would be raising the price of its prime subscription in five markets including in the uk where membership rose 25%. is ....
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