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Amazon · United StatesAmazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has aggressively sought to cut costs since becoming CEO in 2021, said that he anticipated generative AI would reduce Amazon’s corporate workforce in the next few years.See the Story
Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
55% Center coverage: 417 sources

US Economy · United StatesFederal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the second time this year as they look to prevent further slowing in the labor market.See the Story
Fed poised to cut rates this week, with more easing likely on tap
75% Center coverage: 69 sources

Jerome PowellThe CNN Money Fear and Greed index showed further easing in the overall fear level, while the index remained in the “Fear” zone on Wednesday. U.S. stocks settled mixed on Wednesday, with the Nasdaq Composite gaining more than 100 points during the session after the central bank lowered rates by 25 basis points to 3.75%-4.00% for the second straight meeting. Fed Chair Jerome Powell cautioned that another cut is "not a foregone conclusion—far from…See the Story
Nasdaq Surges Over 100 Points Following Fed's Rate Cut: Investor Fear Eases Further, Greed Index Remains In 'Fear' Zone - Amazon.com (NASDAQ:AMZN)
45% Center coverage: 9 sources
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