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 cost cuts have gone to bolster profitability.
Apple’s most profitable line of business is making up for some hardware struggles
In the June quarter, Apple’s services business grew over 8%, and the company says the current period is poised to show even faster expansion.
Atlassian shares skyrocket as CEOs see wider margins returning
After moving many of its customers from on-premises software to cloud products, Atlassian is looking for margins to return to historical levels.
Airbnb reports continued deceleration in nights and experiences booked
Airbnb said that nights and experiences booked grew 11%, missing estimates. But the number improved in June in comparison with April, the company said.
Amazon cloud revenue rises 12%, topping analysts’ estimates
Amazon’s cloud business is showing decelerating growth as companies reel in spending due to an uncertain economy.
Mega Millions jackpot hits $1.25 billion. Here’s how it benefits the government
The Mega Millions jackpot has grown to an estimated $1.25 billion. Here’s how the lottery benefits the government.
Etsy shares plunge 13% on weak guidance
The company forecasted third-quarter revenue and gross merchandise sales that fell short of consensus estimates.
Waymo’s robotaxis coming to Austin, Texas
Waymo, the Alphabet-owned autonomous vehicle company, will begin offering its ride-hailing services in Austin, Texas, according to a Wednesday announcement.
Infant RSV shot wins CDC backing, paving way for fall availability
Sanofi has said the companies are prepared to roll the shot out before RSV season this fall and do not foresee any challenges meeting demand.
Trump wants 2020 election case moved out of D.C. as city preps for his arraignment
Trump suggested the federal criminal case could be moved from D.C. to the “politically unbiased nearby State of West Virginia!”
