Thursday, 2nd May 2024
To guardian.ng
Search

Amazon results beat estimates but slowing cloud growth rattles investors

By France24
28 April 2023   |   5:30 pm
Amazon posted higher-than-expected revenues and profits for Q1 2023, but slowing growth in its profit-generating AWS cloud services sector sent shares tumbling after hours. Also in this edition: US economic growth slows sharply in the first quarter, and Paraguay's upcoming election on Sunday could have big geopolitical consequences for Taiwan.

0 Comments

Your email address will not be published. Required fields are marked *

Related

14 hours ago
Oil marketers in Nigeria have attributed the reoccurrence of petrol scarcity to supply chain bottlenecks. Meanwhile, Angola has increased the price of diesel, as it phases out subsidies on the petroleum product. Rhode Luemba, Head of Flow Sales, Global Markets at Standard Bank Group, joins CNBC Africa to discuss these stories and more.
7 hours ago
To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent.
4 hours ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
3 hours ago
The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.
3 hours ago
The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic.
1 hour ago
China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.