business

The bulk of Amazon’s revenue still comes from retail and e-commerce, giving the company the cash flow and scale to invest heavily in AI infrastructure without jeopardizing its core business.

That comes after Chief Executive Michael Miebach called out “healthy consumer and business spending,” which helped Mastercard in the third quarter.

But “soft data,” such as business and consumer surveys, remain available.

Despite their past wariness of crypto, banks have long espoused the potential of the blockchain technology that underpins digital currencies to streamline their businesses.

In China, the company continues to look for a new controlling interest for its Burger King business there, but said it is still expected to be sold within one year.