A strong result from Amazon pushes Wall Street high, and the ASX is set to open flat this morning. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Markets are still exploding to higher per-market. For one, markets are waiting for the Federal Reserve’s decision later today. “Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point,

Amazon plans to cut up to 30,000 office jobs - Reuters. Meta, Snap, TikTok to comply with Australia’s under-16 social media ban. Strategy gets junk credit rating from S&P.

Doug Clinton from Deepwater Asset Management said in a recent program on CNBC that he believes Amazon’s CapEX will continue rising.

Today’s Forbes Daily newsletter covers Amazon’s after-hours surge, the new youngest self-made billionaires, a record NBA sale, the highest-paid dead celebrities and more.

Wall Street was poised to claw back some of its losses from a day earlier after some familiar names in the tech sector reported stronger-than-expected quarterly results.

A strong Amazon earnings report boosted the net worth of Jeff Bezos by $10 billion. Wall Street is impressed with its AI prospects.