Page 712 - Amazon Web Services News Today

My top 10 things to watch Friday, Oct. 27 1. Amazon (AMZN) shares jump 7% after the e-commerce giant reported earnings beat Thursday after the bell. Retail…

These businesses are in widely disparate industries, but each has a growth story poised for long-term investor gains.

Amazon CEO Andy Jassy said on Thursday the cloud business was stabilizing as large expansions with existing customers and first-time agreements were likely to aid growth in the final three months of the year.

Chevron shares fell after the oil giant reported earnings that came in below estimates on lower commodity prices and Amazon shares surged as its web services division drove revenue higher. Here’s what investors need to know today.

Amazon is projected to deliver earnings per share of 58 cents on revenue of $142bn, respective increases of 236% and 11%.

Economic growth accelerates despite rising borrowing costs, Amazon profits triple and leaders predict AI windfall, and more

Cloud unit sales increased 12% to $23.1 billion, a growth rate that was ‘just enough to keep the goblins away’

The ecommerce giant was on track to add almost $90 billion to its market capitalisation based on its last traded share price of $128. Smaller cloud rival Microsoft rose 1.5%, while Alphabet was down about 1.3%.

The e-commerce giant highlighted a growing advertising business and improved delivery speeds.

International Business News: Amazon.com saw a 7% increase in its stock price on Friday, driven by growth in its cloud business and its focus on the artificial intelligence market.