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Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates, even as sales for the holiday quarter hit a record and rose 20 percent. Shares of the company fell 1.1 percent to $ 1,700 in trading after the bell.
President Donald Trump expressed optimism about forging a comprehensive trade deal with China as high-level talks continued on Thursday, but said any arrangement that fails to open Chinese markets broadly to U.S. industry and agriculture would be unacceptable. As delegations
Facebook reported stellar fourth-quarter and year-end financial results Wednesday, as my new Fortune colleague Danielle Abril explores in some depth. Quarterly revenues jumped 30% to nearly $ 17 billion, an astounding growth rate off such a large number. Profits
PUERTO RICO was never the most financially stable of places. After years of trouble its government defaulted in 2016. Then, in 2017, Hurricane Maria roared in. The island took close to a year to restore electricity fully, and financial restructuring
Facebook Inc on Wednesday easily beat Wall Street’s profit estimates, soothing investor concerns that increased spending on the privacy of its users would blunt growth. The world’s largest online social media network has pledged to invest heavily in the privacy
The White House warned traders on Wednesday not to deal in Venezuelan gold or oil following its imposition of stiff sanctions aimed at forcing socialist President Nicolas Maduro from power. National security adviser John Bolton tweeted that traders should not
Microsoft Corp on Thursday met Wall Street’s targets for its quarterly results and forecast, though Azure cloud computing sales grew more slowly than a year earlier. Shares of Microsoft, one of the most valuable U.S. technology companies, fell 3 percent
British lawmakers on Tuesday instructed Prime Minister Theresa May to reopen a Brexit treaty with the European Union to replace a controversial Irish border arrangement – and promptly received a flat rejection from Brussels. Two weeks after overwhelmingly rejecting May’s
What Happens When a Startup Goes Bust
When a startup goes out of business, it’s typically a line item in a newsletter like Term Sheet about how much capital it had raised and from whom. That’s exactly what happened when we reported last week that Munchery had
ICICI Bank reported a 2.7 percent fall in third-quarter net profit on Thursday, missing analysts’ estimates by a wide margin, as it set aside higher provisions. Net profit fell to 16.05 billion rupees ($ 225.51 million) in the three months