🇺🇸 regulators on 28/4 (Fri) put large 🏦🏦🏦 on notice that tougher oversight is coming, after the Federal Reserve & Federal Deposit Insurance Corporation (FDIC) detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank (SVB) & Signature Bank in March. The Fed's assessment of its inadequacies in identifying problems & pushing for fixes at SVB came with promises for tougher supervision & stricter rules for 🏦🏦🏦. ➡️ “Our first area of focus will be to improve the speed, force, and agility of supervision," Fed Vice Chair of Supervision Michael Barr. Barr also signaled plans to subject banks with more than $100 billion in assets to rules currently reserved for bigger rivals, given that increased capital & liquidity requirements would have
$Amazon.com(AMZN)$ reported Q1 2023 earnings that topped Wall Street targets amid cost-cutting by the e-commerce giant. AMZN📦 stock fell 3.98% on 28/4 (Fri) to close at $105.45 as management's earnings call commentary raised questions over how long a slowdown in cloud computing growth will persist. 👌 Q1 sales for the cloud computing unit, Amazon Web Services (AWS), rose 16% to $21.4 billion, slowing from 37% growth in the year-earlier period but beating analysts’ projected AWS growth of 15% for the March quarter 👎 On the 📦 earnings call, management said AWS is seeing slower growth in April 🆚 Q1. 👎 Investors panicked & sold-off because Wall Street analysts have expected AWS revenue growth to bottom in Q2 202
$Amazon.com(AMZN)$ reported Q1 2023 earnings that topped Wall Street targets amid cost-cutting by the e-commerce giant. AMZN📦 stock fell 3.98% on 28/4 (Fri) to close at $105.45 as management's earnings call commentary raised questions over how long a slowdown in cloud computing growth will persist. 👌 Q1 sales for the cloud computing unit, Amazon Web Services (AWS), rose 16% to $21.4 billion, slowing from 37% growth in the year-earlier period but beating analysts’ projected AWS growth of 15% for the March quarter 👎 On the 📦 earnings call, management said AWS is seeing slower growth in April 🆚 Q1. 👎 Investors panicked & sold-off because Wall Street analysts have expected AWS revenue growth to bottom in Q2 202