PANews reported on October 20th that, according to Down Detector monitoring, popular apps and websites, including Snapchat, Roblox, Fortnite, Duolingo, and Canva, began experiencing issues around 4:00 PM Beijing Time on October 20th. The outage was attributed to Amazon Web Services (AWS), which experienced issues at its Northern Virginia facilities, leading to increased errors and latency in services such as Amazon DynamoDB and Amazon Elastic Compute Cloud. The outage affected a wide range of platforms, including Coinbase, Prime Video, and PlayStation. AWS is one of the world's largest cloud service providers, with revenue of $108 billion last year, accounting for the majority of Amazon's profits.PANews reported on October 20th that, according to Down Detector monitoring, popular apps and websites, including Snapchat, Roblox, Fortnite, Duolingo, and Canva, began experiencing issues around 4:00 PM Beijing Time on October 20th. The outage was attributed to Amazon Web Services (AWS), which experienced issues at its Northern Virginia facilities, leading to increased errors and latency in services such as Amazon DynamoDB and Amazon Elastic Compute Cloud. The outage affected a wide range of platforms, including Coinbase, Prime Video, and PlayStation. AWS is one of the world's largest cloud service providers, with revenue of $108 billion last year, accounting for the majority of Amazon's profits.

                                                                               Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus.                     US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more