kindle

On October 29, Financial News Overseas cited a Reuters report that Amazon cut about 250 positions in its devices and services division. An informed source stated that the affected positions were mainly software development roles.The report mentioned that in the previous weeks, Amazon launched several new products, including a new Kindle e-reader and tablets.

StoneX market analyst Fawad Razaqzada stated that Waller's speech on Friday night was considered quite hawkish. Waller mentioned in his forward guidance what the market expected him to say, namely that he does not believe in forward guidance, thus refusing to pre-commit to a rate hike in September. However, this did not stop the market from speculating that a rate hike might indeed be back on the table. Regarding inflation, Waller stated that anti-inflation remains a clear priority and elaborated on this in some detail, but he also added that he is confident that core inflation is moving towards the Federal Reserve's target.Overall, his speech was more hawkish than the market had anticipated. During Waller's speech at Jackson Hole, the market significantly repriced the September Federal Reserve decision, with the probability of a 25 basis point rate hike jumping from 30% to about 50%. Before the September Federal Reserve meeting, there will also be a non-farm payroll report and a CPI inflation report, along with some minor data releases. Under the new chair's leadership, the Federal Reserve has become more data-dependent. Given that the recent U.S. employment reports have consistently fallen short of expectations, and by a significant margin, any further signs of weakness could severely undermine market expectations for a rate hike in September.

Due to the Middle East war driving up oil prices and triggering inflation concerns, the currency markets reduced bets on interest rate cuts in the U.S., U.K., and Eurozone on Monday. According to swap trades linked to policy meeting dates, the likelihood of the Federal Reserve cutting rates three times in 2026 has dropped from nearly 50% last week to 20%. Traders no longer expect the Bank of England to cut rates three times this year, lowering the probability of a rate cut in March from over 80% to 60%.They also halved the probability of the European Central Bank cutting rates this year, pricing in only a 5 basis point rate cut. The rise in two-year yields in the U.S., U.K., and Germany, which are most sensitive to changes in monetary policy, has exceeded that of longer-term yields. This reflects a significant jump in inflation indicators driven by Brent crude oil prices posting their largest increase in four years.Laura Cooper, global investment strategist and head of macro credit at Newven Investment, stated, "The sustained rise in oil prices will have significant spillover effects on the global economy and inflation trajectory. A more persistent energy pulse could complicate the disinflation process and delay further rate cuts."

According to CoinDesk, Bitcoin's price fluctuated on Thursday, rebounding to around $67,000 after briefly dropping to about $65,900, with market attention shifting to Trump's latest statements on trade and tariffs.He previously posted on Truth Social that the U.S. trade deficit has "decreased by 78%" due to tariffs imposed on other countries and companies, and expressed optimism about achieving a surplus for the first time in decades this year.Analysts believe that if expectations for tariffs rise, it could affect the inflation trajectory and reinforce market pricing for "higher rates for longer." In this scenario, the dollar typically strengthens, risk assets come under pressure, and cryptocurrencies like Bitcoin are also susceptible to changes in liquidity and interest rate expectations.Market views suggest that if the tariff narrative strengthens further and drives the dollar higher along with a tightening financial environment, Bitcoin's rebound momentum may struggle to sustain; however, if related statements fade into political noise, the crypto market may refocus on capital flows, leverage conditions, and key technical levels.

ChainCatcher news, according to 4E monitoring, the U.S. tariff policy on its three major trading partners has been implemented, and investors' concerns about the escalation and expansion of the trade war have intensified. U.S. stocks opened lower across the board on Tuesday, with the three major indices at one point dropping nearly 2% in the early session. However, as the U.S. Secretary of Commerce hinted that Trump might lower tariffs on Canada and Mexico, coupled with investors betting again that the Federal Reserve will cut interest rates due to recession risks, the decline in U.S. stocks eased. Ultimately, the Dow Jones Industrial Average closed down 1.55%, the Nasdaq fell 0.35%, and the S&P 500 index dropped 1.22%. Large tech stocks initially fell collectively but turned to gains at midday, with some individual stocks closing higher.The cryptocurrency market followed the decline of U.S. stocks after their opening, with Bitcoin briefly dropping to a low of 81,500. However, as the decline in U.S. stocks narrowed, the market also began to rebound. At the time of writing, Bitcoin was reported at 87,500 USD, up 4.25% in 24 hours. Ethereum, after falling below 2,000 USD, returned above 2,100 USD, with a 24-hour increase of 5.8%. Over the past week, the cryptocurrency market has been significantly influenced by information, with high volatility, increased operational difficulty, light trading, and no significant changes in on-chain activity.In the forex and commodities sector, following Trump's implementation of tariffs on Canada and Mexico, the U.S. dollar index fell over 0.9% during the day, hitting a three-month low; crude oil has fallen for three consecutive days, with U.S. oil reaching a new low since December last year; rising safe-haven demand and a weaker dollar supported an increase of over 1.2% during the day.The escalation of trade tensions has heightened market concerns about the U.S. economic outlook. After the U.S. fulfilled its threat of tariffs on Canada and Mexico, investors increased their bets on the Federal Reserve cutting interest rates three times this year, each by 25 basis points, for the first time since mid-December last year. Additionally, the U.S. Secretary of Commerce hinted that Trump might announce a grace period for tariffs on Canadian and Mexican goods as early as the 5th, and the market is closely watching whether this event will bring about a turnaround.

ChainCatcher news, according to Cointelegraph, Fidelity stated that the anticipated Federal Reserve interest rate cuts could rekindle major institutions' interest in decentralized finance (DeFi) and stablecoins, provided that infrastructure is further developed this year.In the 2024 Digital Asset Outlook report released on January 13, Fidelity noted that although institutions were expected to engage in DeFi for returns last year, they ultimately did not, as the Fed's interest rate hikes led them to shift towards "what is considered safer" traditional fixed-income products. "In the current risk-off environment, institutions find that the mid-single-digit returns offered by DeFi are too low given the associated risks of trying smart contracts."The report stated that if DeFi returns "become more attractive than traditional finance (TradFi) returns again, and more developed infrastructure emerges," institutions may have "new interest" in DeFi in 2024.