SEOUL, South Korea (AP) — Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips.

When it comes to FTX, how bad can things get? Apparently the answer to that question is: pretty friggin' bad.

Amazon will reportedly lay off 10,000 employees as soon as this week amid the uncertain economic environment, according to a report. It said the number of layoffs "remains fluid."

The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."