The Federal Reserve raised the federal funds rate by 25 basis points to a target range of 3.75%–4.00% on 16 September 2026, marking its first rate increase since 2023, with the FOMC vote recorded as unanimous at 12-0 [Brief - 2026-09-17]. Chairman Kevin Warsh signalled the move amid persistent energy-driven inflationary pressures, with Brent crude having reached $108 per barrel during the European session on 14 September following Houthi missile strikes and broader Middle East supply disruptions [Brief - 2026-09-14]. Oil subsequently retreated following reports of Saudi pipeline restoration [Brief - 2026-09-17]. Amazon's Q2 2026 earnings were reported on 30 July 2026 [Brief - 2026-09-11].
Amazon's trailing twelve-month revenue stood at $775.68 billion as of 30 June 2026, representing year-over-year growth of 19.6% [SEC 10-Q - AMZN - 2026-06-30]. Net income for the same period was $135.28 billion, with a net margin of 17.44% and an operating margin of 12.08% [SEC 10-Q - AMZN - 2026-06-30]. EPS grew 242.26% year-over-year, while the P/E ratio stood at 20.41 against a market capitalisation of approximately $2.74 trillion [SEC 10-Q - AMZN - 2026-06-30]. The company held $78.21 billion in cash against total debt of $133.32 billion as of the same date [SEC 10-Q - AMZN - 2026-06-30].
Insider activity over the past 30 days reflected net selling across 37 transactions, with a combined net disposition value of approximately $17.07 million [SEC Form 4 - AMZN - 2026-09]. On the institutional side, Coatue added 49% to its AMZN position and AQR Capital increased its holding by 26%, while ARK Invest added 17% [SEC 13F - Coatue - Q3 2026; SEC 13F - AQR Capital - Q3 2026; SEC 13F - ARK Invest - Q3 2026]. Bridgewater reduced its position by 54% and Third Point trimmed its holding by 9.8% [SEC 13F - Bridgewater - Q3 2026; SEC 13F - Third Point - Q3 2026].
The 10-year US Treasury yield stood at 4.94% and the 2-year at 4.67% as of the report date, reflecting a normal yield curve configuration [FRED DGS10; FRED DGS2]. This report was generated in the context of material institutional position changes recorded across multiple large filers during the most recent 13F reporting period.