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And that record is likely to be broken on this Cyber Monday — the Monday after Thanksgiving — with spending estimated to be between .8 billion and .7 billion, around 35 percent more than last year.
And, the company’s recent quarter broadly disappointed investors. “Amazon lost 7 million in the third quarter, up from million during the same period last year.” Reported Motley Fool, “That’s a more than 1,000% increase [in losses].”
Anchor brand dairy products on display during an industry expo in Shanghai. [Photo byWang Zhuangfei/China Daily]
Analysts said the inflation rate may continue at relatively high levels in the coming months, but will not rise strongly, in a way that could affect the country's stable monetary stance. The reading was the highest since February 2018, when it was 2.9 percent.
And it's becoming more pervasive and stickier than ever, creeping into new aspects of life from offline payments to receiving newsfeeds.