Amazon stock tanks after weak earnings, massive EU privacy fine
NY Post
Amazon stock tanked after the company warned it expects sales growth to slow as the pandemic wanes, even as it got slapped with a record fine from the European Union.
The Seattle-based e-commerce giant’s stock dropped more than 7 percent to 3,347.99 in midday trades on Friday after the Seattle-based behemoth logged a weaker-than-expected performance during the second quarter, reporting $113 billion in revenue compared to analysts’ expectations of $115 billion. The company likewise signaled that the loosening of coronavirus restrictions could mean lower sales growth. While revenue surged 44 percent in the first quarter of this year, that figure dropped to 27 percent for the period ended June 30. Sales may only rise as much as 16 percent in the third quarter, Amazon said.
It was a flashback to NYC in the 1990s.
The killing of Iran’s tyrannical Supreme Leader Ali Khamenei on Saturday in an unprecedented joint military attack by the US and Israel called Operation Epic Fury set off widespread celebrations from Iranians around the world — as President Trump said it would give them their “greatest chance” to “take back the country.” Meanwhile, in Iran, a lack of internet has made it impossible for Iranians to easily communicate daily conditions. Over a period of three days, with limited VPN connection, an eyewitness currently in Tehran — who, for her safety, is concealing her identity — shared her account of life under a country in the midst of battle with The Post’s Natasha Pearlman.
After exactly 120 years, the curtain has fallen on the Theater District institution Barbetta, with the iconic Italian restaurant having served its final course Friday night.