Consumer Credit Smashes Estimates As Credit Card Debt Hits New All-Time High

Amazon Drops After AWS Growth Misses Whisper Estimates As Capex Soars In our preview of Amazon's earnings, we summarized sentiment as "Bullish, But Concerns Remain" with JPM noting that client "conversations were heavily AWS-skewed with investor focus on degree of acceleration and cloud $ re-capture driven by core workloads, AI, & new partnerships. Still, some concerns remain on broader AI positioning/strategy, Trainium traction, & gap to Azure/Google Cloud growth. Strong Stores execution expected, with N. America margin expansion. But higher fuel costs raise questions on consumer demand & operating margins." They...

Here's Where Wealth Is Moving In America Americans aren’t just moving, they’re bringing billions in wealth with them. This map, via Visual Capitalist's Dorothy Neufeld, visualizes net wealth migration by state in 2023, based on Realtor.com’s analysis of the latest data from the Internal Revenue Service. Florida alone gained tens of billions in income from out-of-state residents. Meanwhile, states like California and New York saw massive outflows, highlighting how affordability is playing a central role in domestic migration trends. Ranked: States With the Highest Inflows of Wealth Between 2019 and 2023, Florida saw $137 billion in net income...