Amazon misses the mark with 14% drop in profits
The company warned that operating income in the next quarter is expected to be between US$1.2bn and US$2.9bn, compared with US$3.8bn last year
Company
Amazon.com Inc
NASDAQ:AMZN
Amazon.com Inc provides a range of products and services to customers. The products offered through its stores include merchandise and content that it purchased for resale and products offered by third-party sellers. The company manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo and Ring, and it develops and produces media content.
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Amazon told to steer clear of Deliveroo data as CMA launches investigation
The Competition and Markets Authority (CMA) will evaluate whether the merger would “result in a substantial lessening of competition” in the UK
Forever 21 files for bankruptcy protection, plans to close most of its stores in Asia and Europe
The privately-owned teenage fashion retailer said the restructuring will allow it to focus on the profitable core part of its operations in the US
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Amazon.com posts below-forecast second-quarter earnings as operating expenses jump on increased Prime delivery costs
The world’s biggest online retailer saw its net income rise to $5.22 per share for the quarter ended June 30, up from $5.07 per share a year earlier, but below analysts’ expectations of $5.57 per share
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Facebook reports earnings after the bell on Wednesday, with Amazon and Alphabet both due on Thursday, after Netflix disappointed last week
Amazon creates more than 2,000 new UK jobs as it pursues expansion
The new hires see Amazon's UK workforce grow to more than 29,500
Hardware & electrical equipment
Facebook unveils new Libra cryptocurrency
The social media giant unveiled the digital currency in a whitepaper on Tuesday, with an official public launch planned for next year
Morrisons and Amazon to expand home delivery service to more UK cities
The announcement comes a month after Morrisons loosened an exclusive arrangement with Ocado
Traders cash in on NoveBay Pharmaceuticals a day after the stock exploded tenfold
On Wednesday morning, the company announced that its dry eye treatment was available on Amazon
Amazon now carrying NovaBay Pharmaceuticals’ Avenova eye-care product; shares skyrocket
Avenova is available without a prescription on Amazon's new direct direct-to-consumer online channel
Space is the place... for capitalism
Are the billionaires battling it out in the 21st Century space race going to generate untold riches for their backers and send existing industries down a black hole?
Hardware & electrical equipment
Apple to replace iTunes with apps as it faces possible antitrust investigation
Tech stocks were hit by reports of potential antitrust probes into Apple, Facebook, Google and Amazon
Investments and investor services
S&P/ASX 200 futures slightly up after US tech stocks smashed overnight
S&P 500 Index finished down 0.28% to 2,744.4 last night
US owner of Boots the Chemist could close over 200 UK stores in the next two years: media report
New York-listed Walgreens Boots Alliance Inc. had said in April that it was undertaking a review of the Boots estate "focusing on low-performing stores and opportunities for consolidation"
Will M&S be too late to the online party? Liberum thinks so…
M&S will have to deal with fierce competition: Waitrose recently unveiled ambitious plans to treble the size of its online business, while Tesco, Sainsbury and Amazon.com have been investing into their delivery propositions for a while
Just Eat shares go sour as Amazon backs Deliveroo in US$575mln funding round
The funding round takes the total amount raised by Deliveroo to US$1.53bn
If you can’t beat them, join them: Next partners with Amazon
Amazon has been a thorn in the side of bricks-and-mortar retailers for years, but the ecommerce giant’s customers will now be able to go into Next stores to pick up their parcels
Hardware & electrical equipment
Apple breaks through US$1trn and reclaims its number one position
The tech giant reclaimed its position as the world’s most valuable publicly-traded company when trading opened on Wall Street
Amazon more than doubles profit in the first quarter but revenue growth slows
Amazon announced that it will spend US$800mln in the second quarter on plans to cut shipping times to one day for Prime members