Amazon’s New India Chief Pulled Plug on Cricket, Not the Country

It’s a sign of the tough calls ahead for the 52-year-old former Unilever Plc executive, who took on his current role in February. The country of nearly 1.4 billion people may be Amazon’s most promising long-term opportunity, but it’s also extremely challenging, with tough local rivals, a cantankerous government and unusually price-sensitive consumers. .

Gut-Wrenching Surge in US Real Yields Is Crushing Risky Assets

Inflation-adjusted bond yields were negative for about two years, providing a key pillar of support for risk assets, which looked more appealing as a result. Their climb above zero has evaporated that positive backdrop, undermining equity valuations and threatening their relative attraction to bonds. .

Pound Sinks Below $ 1.20 as Traders Eye Gap in BOE, Fed Rate Path

“An underwhelming Fed could provide a modicum of support for the pound at current levels, but the big question is whether a dovish repricing in UK money markets will impact the currency right now,” said Simon Harvey, currency analyst at Monex Europe Ltd., who recommends a long euro versus pound trade. .

Amazon Builds Property Empire, Quietly Buying Land Across the US

(Bloomberg) – The 193 acres just outside Round Rock, Texas, were coveted by some of the biggest developers in the US. Located a few miles north of the booming city of Austin, the raw parcel could be used for virtually anything given the state’s lenient land-use laws. So when the prominent Robinson family put the … Read more

Sheryl Sandberg’s Legacy Is An Internet Of Targeted, Automated Ads

(Bloomberg Businessweek) – When she announced her resignation as chief operating officer of Meta Platforms Inc. on June 1, Sheryl Sandberg posted an essay celebrating her long partnership with Facebook co-founder Mark Zuckerberg and recounting her achievements there since 2008. She brought up, of course, and the company’s 3 billion users, but barely alluded to … Read more