Amazon reported second-quarter earnings that exceeded expectations but disappointed Wall Street, causing a 7% drop in shares. Despite strong revenue, profits, and retail growth, weak profit guidance and underwhelming cloud growth overshadowed the report. Amazon plans to increase capital expenditures to support AI demand, competing with Meta and Alphabet. Analysts are concerned about AWS growth compared to Microsoft Azure and Google Cloud. Jassy remains positive but cautious about navigating potential tariff uncertainty. 1. In a recent study, researchers found that regular exercise can reduce the risk of developing depression by up to 26%. The study followed over 50,000 participants and found that even small amounts of physical activity can have a significant impact on mental health.
2. The CDC reported a record number of flu cases this season, with over 45 million confirmed cases and 61,000 deaths. Experts urge the public to get vaccinated and practice good hygiene to prevent the spread of the virus. This year’s flu strain has been particularly severe.
3. A new report from the World Health Organization revealed that air pollution is responsible for the premature deaths of 7 million people worldwide each year. The report highlights the need for immediate action to reduce emissions and improve air quality to protect public health.
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1. Apple announced a new subscription service called Apple One, which offers access to multiple Apple services for a single monthly fee. The plans range from $14.95 to $29.95 per month, depending on the included services. The service is aimed at increasing customer loyalty and driving revenue growth.
2. Tesla’s stock price surged over 12% after the company announced a five-for-one stock split. The split will make Tesla shares more affordable for individual investors and could attract more retail investors to the stock. Tesla’s market capitalization now exceeds $400 billion, making it one of the most valuable companies in the world.
3. The S&P 500 and Nasdaq both closed at record highs on Tuesday, driven by gains in technology stocks. The S&P 500 rose 0.4% to close at 3,478.73, while the Nasdaq gained 0.8% to close at 11,665.06. The Dow Jones Industrial Average also rose, closing up 0.3% at 28,331.92.
4. The Federal Reserve announced a major shift in its inflation policy, stating that it will allow inflation to run above its 2% target for some time to support the economy. This new approach is aimed at boosting employment and ensuring that the economic recovery from the pandemic remains on track.
5. Amazon is reportedly in talks to buy a stake in Indian retail giant Reliance Retail. The deal could be worth up to $20 billion and would give Amazon access to a large network of physical stores in India. This move would help Amazon compete more effectively with local rivals in the Indian market.: Amazon earnings key takeaways: AI, cloud growth, tariffs