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Amazon Finally Beats Walmart
Well, it finally happened: Amazon’s top-line quarterly numbers beat Walmart’s. Amazon brought in a record $187.8 billion in sales last quarter, surpassing the $180.6 billion Walmart reported last week. Amazon’s online store was only respons-ible for only $247 billion out of its $638 billion total in 2024, with its Amazon Web Services division delivering $107.6 billion — and far juicier margins.
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Stocks Slide On Weak Economic Data, Bonds Rally
Stocks got hit after weaker-than-expect-ed economic data raised concern about the outlook for Corporate America amid a surge in consumers’ long-run inflation views to the highest since 1995. From consumer sentiment to housing and services, Friday’s readings left investors questioning growth prospects at a time when the Federal Reserve is signaling no rush to cut rates. (
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Interest Rate Cuts On Hold Until Inflation Improves, Fed Minutes Show
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to be a long one.
A record of the central bank’s Jan. 28-29 meeting, released on Wednesday, showed that officials have not written off rate cuts completely, and they still expect to lower borrowing costs over time.
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The Martin Eiden Team is starting our own book club - honestly, it took us long enough! We all love to read, get motivated, share our thoughts/experiences, learn more about the world and ourselves, and we all actually genuinely enjoy each others company somehow! Thus the MET Book Club was born.
The first book on the list: Mel Robbins' "Let Them"
This book is all about setting yourself free of the opinions, drama, and judgments of others. Let them do and say the things they are going to do and say, and let me react in my own controlled manner and focus on my own goals, my own happiness, my own life.
Do you have thoughts on this book and want to share? Do you have recommendations for our next book? Reach out - we would love to hear from you. :)
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