ABU DHABI/WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the ...
Read More »Amazon shows it can generate sales while slowing spending
Bloomberg Amazon.com Inc showed its e-commerce and cloud-computing businesses can churn out revenue even as consumers worry about inflation and the company gets serious about curtailing expenses. Investors sent shares up more than 12% in pre-market trading. Amazon reported second-quarter sales that topped analysts’ estimates and gave a revenue forecast for as much as 17% growth in the current period. ...
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