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Amazon's retail sales surpassed Walmart's first place outside of China
Sina Tech News reported on the morning of August 18, Beijing time, that in the past 12 months, Amazon's retail sales surpassed that of Walmart, making it the largest retail seller outside of China. According to FactSet's estimates, customers spent more than $610 billion on the Amazon platform in the past year, while Walmart's revenue was about $566 billion. Despite this, they're still not the biggest retail seller globally; Alibaba is number one. Spurred by the pandemic, Amazon's revenue increased dramatically over the past year. In the most recent quarter, Amazon's revenue reached 113.1 billion US dollars, easy
US Mormon funds invested in the stock market during the pandemic and made a huge profit of nearly $20 billion
According to the latest regulatory documents, the investment fund Ensign Peak Advisors of the Church of Jesus Christ of Last Day Saints (Mormon) in the US earned another 3 billion US dollars from the stock market in the second quarter of this year, continuing the stock market earnings for 15 consecutive months since the outbreak of the epidemic last year. The Salt Lake City-based investment fund's equity portfolio is currently worth US$49.6 billion, an increase of nearly $20 billion since the outbreak of the pandemic crisis. Investments in these stocks and mutual funds appear to account for a large portion of the assets managed by Ensign Peak, according to a whistleblower in late 2019
There may be subtle changes in policy guidance at the ECB's first meeting after the strategic review.
There is likely to be a heated debate over the impact of the latest monetary policy strategy on short-term policy as policy commissioners decide on the impact of the ECB's two-day meeting on Wednesday. The ECB raised its inflation target to 2 per cent earlier this month and promised to meet it "forcefully or firmly". The challenge is to explain what this strategy means for interest rates and bond purchases. Bloomberg reported last week that divisions broke out within the central bank immediately after the draft policy wording was distributed. Lagarde, the central bank governor, raised expectations by promising "interesting adjustments and changes" in Thursday's policy statements and press conferences. She, too.
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