Markets are still exploding to higher per-market. For one, markets are waiting for the Federal Reserve’s decision later today. “Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point,

Doug Clinton from Deepwater Asset Management said in a recent program on CNBC that he believes Amazon’s CapEX will continue rising.

Today’s Forbes Daily newsletter covers Amazon’s after-hours surge, the new youngest self-made billionaires, a record NBA sale, the highest-paid dead celebrities and more.

Amazon plans to cut up to 30,000 office jobs - Reuters. Meta, Snap, TikTok to comply with Australia’s under-16 social media ban. Strategy gets junk credit rating from S&P.

Wall Street was poised to claw back some of its losses from a day earlier after some familiar names in the tech sector reported stronger-than-expected quarterly results.

A strong Amazon earnings report boosted the net worth of Jeff Bezos by $10 billion. Wall Street is impressed with its AI prospects.