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Amazon shares tumble after missing analysts’ second-quarter revenue forecasts and offering up weaker guidance for the remainder of the year.
“We will resume share repurchases in the third quarter at an expected rate of $2 billion to 3 billion per year," said CEO Mike Wirth.
Amazon's slump is likely to pull the Nasdaq sharply lower Friday, but U.S. stocks will still close out July with another solid monthly gain.
Stock futures are mostly lower as surging cases of the Delta coronavirus variant clouds the growth outlook; Amazon shares fall; Robinhood shares slip again; Tesla could pay a settlement to some Model S owners over battery throttling.
Jim Cramer says it sometimes pays to look past the flash and seek out the stock of solid, dependable companies we all need.
Real Money contributor Chris Versace says Costco’s growth plans and consumers’ needs sync up for a solid opportunity.
Proceeds from Apple's bonds will go to general corporate purposes, including share repurchases and dividend payments.
Let's take a look at Robinhood's performance in its public debut, the potential catalysts and the probes it faces.
Stock jumped Thursday as Wall Street looked beyond disappointing economic news.