Text size Packages from Amazon.com Inc. are stacked on the sidewalk in New York, USA, on Thursday, June 11, 2020. Jeenah Moon / Bloomberg With a big boost from accelerated e-commerce adoption amid the Covid-19 pandemic, Amazon. com released second-quarter financial results that dramatically exceeded Wall Street estimates and the …
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Amazon also posted record profits on Thursday. AFP / Getty Images Amazon.com Inc. obtained approval from the Federal Communications Commission to build a $ 10 billion satellite internet network that would rival SpaceX’s Starlink network. In documents released Thursday, the FCC authorized Amazon’s request to build a network of more …
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Text size Packages from Amazon.com Inc. are stacked on the sidewalk in New York, USA, on Thursday, June 11, 2020. Jeenah Moon / Bloomberg With a big boost from accelerated e-commerce adoption amid the Covid-19 pandemic, Amazon. com released second-quarter financial results that dramatically exceeded Wall Street estimates and the …
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Amazon.com Inc. Chief Executive Jeff Bezos promised to spend the expected profits amid a huge surge in sales related to the COVID-19 pandemic, but sales grew so fast that it ended with record profits. Amazon AMZN, + 0.60% reported second-quarter earnings of $ 5.2 billion, or $ 10.30 a share, …
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The numbers: The number of Americans applying for unemployment benefits increased for the second consecutive week, a sign that economic growth may be stagnant in late July. Claims had declined steadily after peaking in late March. Initial jobless claims rose by 12,000 to 1,434 million in the week ending July …
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