Anna's Daybreak News

Happy Friday news beasts! Start your day with a nourishing serving of news that's easy to digest!

• Amazon's CEO Andy Jassy pulled off a financial masterstroke, delivering strong revenue growth alongside slashed spending.


• Amazon's headcount was cut by 27,000 people and multiple businesses are currently under review.


• Wall Street reacted positively, with Amazon stock prices rising 10%.


• Apple Inc. experienced its third straight quarter of declining sales with a 1.4% drop in the fiscal third quarter.


• Apple Inc. reported an unexpected 8% rise in revenue from China to $15.7 Billion.


• iPhone sales in India grew double digits to a new high, but precise numbers have not been disclosed.


• Apple Inc. is facing its longest sales slowdown in decades due to a slump in global industry-wide demand for phones, computers, and tablets.


• The iPad and Macbook maker predicted a similar performance in the current quarter, weakened by the industry-wide demand slump.


• This shows that even the most powerful brands are not immune to the effects of an economic slowdown. Or maybe it's karma for making phones without headphone jacks.
Source: Read More

• Former president made first appearance in Washington courthouse


• The former president was arraigned in the federal courthouse in Washington and is currently free while the case moves forward.


• The prosecutors accused Trump and his allies of promoting false claims that the election was rigged, pressuring state and federal officials to alter the results and assembling false slates of electors.


• Trump pleaded not guilty to 4 counts, including conspiracy to defraud the U.S., to deprive citizens of their voting rights and to obstruct an official proceeding.


• The next hearing is set for Aug. 28, with the judge planning to set a trial date.


• Trump pleaded not guilty to charges related to obstructing the 2020 election


• His legal team said they are "prepared to vigorously" defend the case


• It hasn't even started and people are already tired of Trumpalooza 2023
Source: Read More

• Billionaire investor Bill Ackman is making sizable bets on declines for 30-year US Treasuries.


• The bet is seen as a hedge against the impact of higher long-term rates on stocks.


• The US Treasury plans to sell an extra $103 Billion of debt.


• Yields on 30-year US Treasuries jumped 29 basis points since Monday.


• Bill Ackman has made a play for options in the Vanguard Total Bond Market ETF.


• Some traders suggest that his move was more of a public gesture than a successful investment.
• If only we could have a Kardashian type of show where these big wig investors explain their moves, things would be a little easier to follow.
Source: Read More

• Two US Navy Sailors have been arrested on charges of passing classified material to China, in exchange for thousands of dollars in bribes.


• Petty Officer Wenheng Zhao was indicted on charges of conspiracy and bribery, with prosecutors alleging that he had taken nearly $15,000 in return for photos and videos of US military information.


• U.S. Navy sailor Jinchao Wei was charged with allegedly conspiring to hand over national defense intelligence to China.


• US officials at the press conference on August 4th condemned China's espionage campaign, claiming that Beijing was engaging in a "multigenerational threat to the United States in its strategic plan to become the world's sole superpower."


• Imagine getting involved in high treason for what amounts to a Chevrolet Spark
Source : Read More

Baked with love,

Anna Eisenberg ❤️