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ZERO HEDGE writes:

Update (1645ET): During the earnings call, Amazon says sales growth moderated as the third quarter progressed and it expects the challenges of inflation, rising fuel costs and weaker demand to persist through the holiday quarter.

Additionally, Amazon CFO Brian Olsavsky suggests more cuts could be coming. The company will continue to invest in growth businesses like Amazon advertising and cloud computing. But it will be “looking at our cost structure and areas where we can save money.”

With the bulk of the FAAMG stocks ...

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