giantjoint microsoft, meta and alphabet delivering a surprisingly strong report card. if the sales and profits surpassed wall street expectations, continuing a trend in big tech that is lifted buckets across the board. amazon has been aggressively cutting costs to help boost profitability. it is already laid off 18,000 people and is currently about to eliminate another 9000 jobs and it would appear that some of those measures are already paying off. as the retail giant posted earnings that beat investor expectations. is on s cloud computing business which did not grow as much is expected did very well in the first three months of this year, as did its advertising business amazon s. even retail, a core part of their business, exceeded expectations. the boom in online shopping during the pandemic has waned and people are going back into stores but amazon was still able to get customers to its website, as recent figures show consumer spending in america remains steady. but wh
giantjoined the likes of meta, microsoft and alphabet, delivering a surprisingly strong report card. if sales and profits in the first quarter surpassed wall street s expectations, continuing a trend in big tech that has lifted markets across the board and in fact, you can see the impact on wall street overnight where wall street had its best session since january. where wall street had its best session since january.- where wall street had its best session since january. over the last ear session since january. over the last year amazon session since january. over the last year amazon has session since january. over the last year amazon has been - last year amazon has been aggressively cutting costs to help boost profitability, already laying off 18,000 people and is currently about to eliminate another 9000. it would appear some of those measures are already paying off. the retail giant posted earnings that beat investor expectations. amazon s cloud computing business w
and cloud computing giant it continues a trend in big tech set out this week by the likes of meta, microsoft and alphabet whose latest results show that they re all doing surprising well. this has lifted markets across the board. lisa lisa we saw similar on wall street. here s the bbc s samira hussain. over the last year, amazon has been aggressively cutting costs to help boost profitability. it s laid off 18,000 people and is currently about to eliminate another 9000 jobs. is currently about to eliminate another 9000jobs. it is currently about to eliminate another 9000 jobs. it would appear that some of those measures are already paying off, as the retail giant posted earnings that beat investor expectations. amazon s cloud computing business which didn t go as much as expected last quarter did very well in the first three months of this year, as did its advertising business. even retail, a core part of amazons business exceeded expectations. the boom in online shoppi
hello, i m rajini vaidyanathan. you re watching the context on bbc news. president biden signs an executive order designed to manage some of the risks linked to artificial intelligence. the order provides guidance on labelling ai generated content. it s one of the world s most exclusive groupings the billionaires club. lam i am sadly not a member of. and it has a new member. the former basketballer magicjohnson hasjoined the ranks of the most wealthy after he was declared a billionaire by forbes, making him only the fourth athlete to join the exclusive club. magicjohnson s wealth is estimated to be 1.2bn dollars that s 990 million quid. johnson has investments in numerous companies including ownership stakes in various sports teams. but forbes says his stake in a life insurance company holds most of his wealth. other athlete billionaires are former nba player michaeljordan, current basketballer lebronjames, and the golfer tiger woods. for more, let s speak to roland laz