Disappointing Prime Metrics and Interest Rates Weigh on Sentiment

Amazon’s announcement of a substantial $4.4 billion investment to establish a new cloud computing hub in New Zealand was met with a surprising market reaction, as the company’s shares declined by as much as 1.9 percent. The negative movement highlights how immediate concerns can overshadow long-term strategic developments, even for a tech behemoth.

The primary drivers behind the share price retreat were twofold. A report detailing the Read more...