economic news

Top Wall Street analysts are betting on these stocks to prepare for a steep decline

Top Wall Street analysts are betting on these stocks to prepare for a steep decline

VMware at NYSE, December 14, 2021. Source: NYSE Investor attention returned to the Federal Reserve following a November jobs report last week. Indeed, even though the central bank has pushed interest rates up, the economy continues to create jobs and wages continue to rise. Friday’s report on last month’s payrolls surprised investors and dampened sentiment. …

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Amazon's cloud unit faces cost-sensitive customers as economic fears rise

Amazon’s cloud unit faces cost-sensitive customers as economic fears rise

Amazon Web Services has been its parent company’s biggest growth engine for most of the past decade, taking business with some of the world’s largest technology vendors. But as companies face the most discouraging economic environment since the 2008 financial crisis, those massive checks they send to AWS for their technology infrastructure are coming under …

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