Latest Andrew Jassy News

Wall Street makes wagers on the likely winners and losers in a second Trump term

Nov. 12, 2024 18:41 PM EST

NEW YORK (AP) — Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy. Since Election Day, investors have sent prices zooming for stocks of banks, fossil-fuel producers and other companies expected to benefit from...

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Oct. 31, 2024 19:23 PM EDT

LOS ANGELES (AP) — Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's stock up in after-hours trading. For the three months that ended on Sept. 30, the Seattle-based tech giant posted a revenue of $158.9 billion, higher...