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Amazon profit slumps 77 percent as costs surge, shares fall
Amazon profit slumps 77 percent as costs surge, shares fall ReutersStock Markets

(Reuters) - Amazon.com Inc (NASDAQ:AMZN) reported a 77 percent slump in quarterly profit as the company invests heavily in areas such as video content and in fast-growing economies such as India. The company's shares, already up nearly 41 percent this year, were down 2.6 percent at $1,019 in after-hours trading on Thursday. The shares touched a record ...

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Tech, transport woes hit Wall Street
Tech, transport woes hit Wall Street By Reuters - 1 hour ago

By Lewis Krauskopf (Reuters) - A swoon in technology and transportation shares led Wall Street lower on Thursday, with stocks hastening their declines in afternoon trading on a ...

Top 5 things to know in the market on Thursday
Top 5 things to know in the market on Thursday By Investing.com - 11 hours ago 1

Investing.com - Here are the top five things you need to know in financial markets on Thursday, July 27: 1. Dollar licks wounds near 13-month lows on dovish Fed The U.S. dollar ...

Amazon's Jeff Bezos becomes world's richest: Forbes
Amazon's Jeff Bezos becomes world's richest: Forbes By Reuters - 1 hour ago

(Reuters) - Amazon.com Inc (O:AMZN) Chief Executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce ...

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