Amazon reported mixed results in its second-quarter earnings release on Thursday, failing to meet profit expectations while exceeding revenue forecasts. The results show Amazon’s renewed investments into the company are paying off, driving sales growth at the expense of lower profit margins. Amazon’s shares, however, dropped over 2% in after-hours trading, as the company gave
People walk past the Public Credit Information Service Hall in Suzhou, China, on May 6, 2019. Suzhou was one of several places chosen in 2018 by the Chinese government to run a social credit trial, which can reward or punish citizens for their behavior. Qilai Shen | Bloomberg | Getty Images The Chinese government is
On Wednesday, a big trader, perhaps the infamous trader know as “Fifty Cent” (named for his/her propensity to buy VIX call options worth 50 cents), bought some 261,000 VIX calls at the August 21st expiry 20 strike calls. (The CBOE Volatility Index is called the stock market’s fear gauge, tracking the price of options on
Adrian Peterson Wesley Hitt | Getty Images Adrian Peterson will likely earn close to $100 million over the course of 12 seasons in the NFL. Now, he’s battling creditors in court over millions in unpaid loans. The Washington Redskins running back is making headlines again over a state supreme court case in New York. DeAngelo
As most people at retirement age are looking at a few chronic health conditions, it isn’t surprising that most are taking medications. According to astonishing 87 year old Ann Kahl, a fitness guru in Florida, we’re using these drugs to do what we ought to be doing ourselves in many cases, just by being more
null Getty Booking.com, the online travel agent, is the focus of an investigation in Italy into $167m of unpaid VAT on holiday rentals made through its website. Two sources told the FT that the inquiry is focusing on the VAT owed on payments between individuals for rental properties advertised by the popular hotel and holidays
A bed from Wayfair’s new fast furniture line Hashtag Home. Wayfair Will the tropical leaf print pillows that are currently on your sofa end up in the trash along with the black and white chevron throw you had three years ago? If fast furniture continues to rise as quickly as fast fashion has, the answer
The consumer and industrial economies are telling conflicting tales this earnings season, and it could be enough to trigger a change in Federal Reserve policy, CNBC’s Jim Cramer said Thursday. “The industrial economy is so weak that [Fed Chair] Jay Powell now has plenty of ammo to justify cutting interest rates,” he said. “And if
Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks. Shares of the company jumped 5.8% in extended trading. The coffee chain’s stock, which has a market value of $110.2 billion, is up 41% so far this year. “Our two targeted long-term growth markets,
The silhouettes of attendees are seen at the Google booth during the 2018 Consumer Electronics Show in Las Vegas. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Alphabet rose 9% in extended trading after the Google-parent company reported second-quarter earnings that beat Wall Street’s