Amazon stock rockets 11%, on pace for best day since November after blowout quarter
Analysts cheered stabilizing AWS growth, improving retail margins and progress on cutting costs.
Year: 2023
Jailed Putin critic Alexei Navalny handed 19 more years in prison
Navalny, one of Russian President Vladimir Putin’s most vocal critics, was already serving two prison sentences.
Americans are going abroad in droves — at the expense of domestic travel
The shift overseas is driving up international airfares and room rates, while domestic growth lags.
Amazon CEO Jassy’s cost cuts deliver investors biggest profit beat since 2020
Amazon reported earnings that blew past estimates on Thursday, showing just how far the company’s…
The U.S. economy added 187,000 jobs in July, fewer than expected
Nonfarm payrolls were expected to increase by 200,000 in July, according to the Dow Jones…
Apple, Samsung could be hit by India laptop and PC import restrictions
Laptops and tablets are among a handful of electronics that will require a license to…
China floods threaten downstream cities as tens of thousands evacuated
Typhoon Doksuri is wreaking havoc as it turns streets into rushing rivers and displaces thousands…
How interest rates impact your money — from savings to mortgages
Interest rates may seem abstract, but they affect everyone. CNBC Make It examines the role…
Pakistan’s National Assembly likely to be dissolved on August 9
The assembly’s dissolution will set the stage for general elections later this year.
How interest rates impact your money — from savings to mortgages
Interest rates may seem abstract, but they affect everyone. CNBC Make It examines the role…
Denmark to tighten border controls after Quran burnings
Border controls will initially be in place until August 10 as a means to prevent…
Drought threatens major European river trade route with ripples across the continent
The river Rhine, an important trade route that runs through Germany, has become shallower at…
Niger’s Bazoum warns of ‘devastating’ fallout for world if coup succeeds
President Mohamed Bazoum calls on international community to help country ‘restore our constitutional order’.
Hong Kong uses China playbook as crackdown turns to dissidents’ loved ones
Hong Kong authorities are targeting the relatives of activists overseas in latest sign of alignment…
Amazon’s online advertising unit just brought in over $10 billion in the second quarter
Amazon’s online advertising business has become lucrative for the online retailer.
Amazon’s online advertising unit just brought in over $10 billion in the second quarter
Amazon’s online advertising business has become lucrative for the online retailer.
Automakers promote advanced tech to compete in China — the world’s top EV market
China is the world’s largest EV market with 5.9 million units sold in 2022, capturing…
US arrests Navy sailors over alleged schemes to send China military secrets
Wenheng Zhao and Jinchao Wei, members of the US Navy, have been separately accused of…
Warner Bros Discovery warns Hollywood strikes may impact film slate
Some features and dramas Warner Bros Discovery is well known for are on ice for…
Amazon reports blowout profit, beats on sales and issues optimistic guidance
Amazon posted its strongest earnings beat since the end of 2020, and gave upbeat guidance…
