Jeff Bezos is the latest to warn on the economy, saying it's time to 'batten down the hatches'

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Amazon founder Jeff Bezos has become the latest corporate leader to warn about the state of the economy, cautioning that rougher times are likely ahead.

In a tweet posted Tuesday evening, the former president and CEO of the online retailing giant echoed comments that Goldman Sachs Chief Executive David Solomon made to CNBC earlier in the day.

"Yep, the probabilities in this economy tell you batten down the hatches," Bezos said in a comment attached to a clip of Solomon's "Squawk Box" interview.

Solomon, the head of the Wall Street financial giant, said it's time for both corporate leaders and investors to understand the risks building up, and to prepare accordingly.
https://www.cnbc.com/amp/2022/10/19...arns-its-time-to-batten-down-the-hatches.html
 
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