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Amazon pares equivalent of Target’s cap in plunge

Bloomberg The bigger they are, the harder they fall. Amazon.com Inc’s shares plummeted as much as 8.1% on July 30 after the retail giant reported sales below analyst estimates for the first time since 2018. That pared more than $130 billion from the company’s market capitalisation, a figure that, if it were for a single company, would be larger than ...

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P&G beats estimates as consumers absorb price increases

Bloomberg Procter & Gamble Co rose in early trading after reporting sales for the latest quarter that exceeded expectations despite a difficult comparison with last year’s stockpiling. The maker of Gillette razors and Downy fabric softener, which announced a leadership transition, said that organic sales, which strip out the impact of items like acquisitions and currency swings, grew 4% in ...

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Biden’s Afghan evacuations begin with first flight to US

Bloomberg The Biden administration’s first evacuation flight for Afghans who aided American and other coalition forces has arrived in the US, as the administration steps up efforts to relocate interpreters, other military assistants and their families ahead of a final troop withdrawal. The plane, carrying more than 200 people, landed at Fort Lee in Virginia, where passengers were to undergo ...

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