Keep cash on hand and don’t buy TV, fridge this holiday season: Jeff Bezos

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Amazon founder and billionaire entrepreneur Jeff Bezos has advised Americans to avoid large purchases such as new TVs, refrigerators, or cars and to “keep some dry powder on hand” during the upcoming holiday season because the US economy is likely to enter a recession soon, according to CNN.

Last month, the tycoon advised his followers to “batter down the hatches.” When asked about the tweet, he told an American network that the advice was intended for both business owners and consumers. He advised consumers to postpone purchasing large basket items they have been eyeing for some time, and large businesses to slow acquisitions and capital expenditures because the US economy is likely to enter a recession “very soon.”

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Keep cash on hand and don’t buy TV, fridge this holiday season: Jeff Bezos

Amazon founder and billionaire entrepreneur Jeff Bezos has advised Americans to avoid large purchases such as new TVs, refrigerators, or cars and to “keep some dry powder on hand” during the upcoming holiday season because the US economy is likely to enter a recession soon, according to CNN.

Last month, the tycoon advised his followers to “batter down the hatches.” When asked about the tweet, he told an American network that the advice was intended for both business owners and consumers. He advised consumers to postpone purchasing large basket items they have been eyeing for some time, and large businesses to slow acquisitions and capital expenditures because the US economy is likely to enter a recession “very soon.”

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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