Amazon cloud revenue, income forecast disappoint, shares slide

Amazon cloud revenue, income forecast disappoint, shares slide

AMAZON.COM on Thursday reported first-quarter cloud revenue growth and forecast operating income below estimates, disappointing investors. Shares of the company fell as much as 5 per cent in after-hours trading before moderating. Amazon Web Services, the company’s cloud unit, recorded a 16.9 per cent increase in quarterly revenue, to US$29.27 billion, missing expectations of 17.4…

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Oil up 2% as Trump threatens new sanctions on Iran

Oil up 2% as Trump threatens new sanctions on Iran

[HOUSTON] Oil prices settled nearly 2 per cent higher on Thursday after US President Donald Trump threatened secondary sanctions on Iran after a fourth round of US-Iran talks was postponed. Brent crude futures settled at US$62.13 a barrel, up US$1.07, 1.8 per cent, while US West Texas Intermediate crude futures closed US$1.03, or 1.8 per cent, higher…

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US: Stocks boosted by gains in Microsoft, Meta

US: Stocks boosted by gains in Microsoft, Meta

[NEW YORK] WALL Street stocks rallied on Thursday after strong results from Microsoft and Facebook parent Meta offset lingering worries about an economic slowdown. Microsoft surged 7.6 per cent following results showcasing how a strong performance in cloud computing and artificial intelligence lifted sales, while Meta advanced 4.2 per cent after earnings topped expectations as business spending…

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David Hogg clashes with an irate James Carville over Dem primary plan, calls on him to ‘win elections’

David Hogg clashes with an irate James Carville over Dem primary plan, calls on him to ‘win elections’

Democratic strategist James Carville and Democratic National Committee vice chair David Hogg sparred over the best strategy to help the party win elections in a heated debate on Wednesday. Tensions between the two began weeks earlier when Hogg announced plans to spend $20 million through his political organization Leaders We Deserve to primary-challenge older Democrats…

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Electronic Arts lays off hundreds of workers in latest round of cuts

Electronic Arts lays off hundreds of workers in latest round of cuts

Electronic Arts, the global video game company, is slashing its workforce again. The company, based in Redwood City, Calif., has eliminated several hundred positions, including about 100 jobs at Respawn, a video game development studio based in Los Angeles. “As part of our continued focus on our long-term strategic priorities, we’ve made select changes within…

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Who Is Chandra Holt? Kohl’s Fires New CEO Ashley Buchanan for Steering Business to Former Romantic Partner Who Was Colleague at Walmart

Who Is Chandra Holt? Kohl’s Fires New CEO Ashley Buchanan for Steering Business to Former Romantic Partner Who Was Colleague at Walmart

Kohl’s has fired its newly appointed CEO following an internal probe that revealed he had entered into a “highly unusual” business arrangement with a woman he was previously romantically involved with, according to a report. Ashley Buchanan, who took over as CEO of the department store chain only four months ago, was found to have…

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