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On Monday morning US trade, Amazon (AMZN.O) shares rose as much as 5.3%, extending last week’s rally after Q2 results showed accelerating cloud revenue growth. The move pushed Amazon’s market value above $3 trillion, joining NVIDIA, Alphabet, Microso

2026-08-03

On Monday morning US trade, Amazon (AMZN.O) shares rose as much as 5.3%, extending last week’s rally after Q2 results showed accelerating cloud revenue growth. The move pushed Amazon’s market value above $3 trillion, joining NVIDIA, Alphabet, Microsoft and Apple as the fifth company to reach that threshold. Last week the stock jumped more than 15%—its biggest single-day gain in over 14 years—after AWS reported its strongest revenue growth since 2021, adding roughly $400 billion to market value; the shares had fallen about 18% from the May 6 record high to a three-month low before the rebound, making Amazon the best-performing member of the Magnificent Seven year-to-date.

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2026-08-03

The New York Post reports FIFA president Infantino will speak with U.S. Secretary of State Rubio after 9:00 p.m. ET (9:00 p.m. Beijing time).

The New York Post reports FIFA president Infantino will speak with U.S. Secretary of State Rubio after 9:00 p.m. ET (9:00 p.m. Beijing time).
2026-08-03

Federal Reserve Governor Williams said he remains optimistic inflationary pressures will ease but warned the Fed will not hesitate to raise rates if that does not occur. In a Reuters interview he said if energy prices and trade tariffs have peaked an

Federal Reserve Governor Williams said he remains optimistic inflationary pressures will ease but warned the Fed will not hesitate to raise rates if that does not occur. In a Reuters interview he said if energy prices and trade tariffs have peaked and the economy stays resilient, the main upward drivers of inflation from the past 18 months should wane and disinflationary forces should re-emerge. He is closely watching coming months' core inflation for consistency with a downward trend toward 2% and said the Fed aims to secure a stable 2% rate by 2028. Williams personally expects inflation to fall in H2 this year and to decline further next year, and he reiterated that the current policy stance is positioned to bring inflation back to target but that further tightening would be appropriate if the 2% path is not achieved.
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