Business

Andy Jassy, CEO of Amazon Web Services.CNBCAmazon said Wednesday it will cut more than 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year.The Wall Street Journal reported on the cuts earlier, which Amazon said preempted its planned announcement.”We…

WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank’s December meeting.At a meeting where policymakers raised their key interest rate another…

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