'Take some risk off the table.' Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession
The business leader offered his starkest advice yet on a faltering economy in an exclusive sit-down interview with CNN’s Chloe Melas on Saturday at Bezos’ Washington, DC, home. Bezos urged people to put off expenditures for big-ticket items such as new cars, televisions and appliances, noting that delaying big purchases is the surest way to keep some “dry powder” in the event of a prolonged economic downturn.
Bezos said the probability of economic conditions worsening makes it prudent to save some cash if it’s an option. “Take some risk off the table,” he said. “Just a little bit of risk reduction could make the difference.” Last month, Bezos tweeted a warning to his followers on Twitter, recommending that they “batten down the hatches.” The advice was meant for business owners and consumers alike, Bezos said in the interview.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon founder Jeff Bezos says he will give away most of his fortuneAmazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune.
Read more »
Amazon Founder Jeff Bezos Says He Will Give Away Most Of His $124BN FortuneAmazon founder Jeff Bezos plans to give away most of his $124BN fortune during his lifetime. In an interview with CNN, Bezos was questioned if he intended to donate the majority of his money to cha…
Read more »
Amazon founder Jeff Bezos says he will give most of his money to charityBezos compared his philanthropic strategy to his years-long effort constructing a titanic engine of e-commerce and cloud computing that has made him one of the most powerful people in the world.
Read more »
Dolly Parton Awarded $100 Million to Charities of Choice by Jeff BezosBezos made the announcement on Instagram, crowning Parton its new Bezos Courage and Civility Award winner.
Read more »