Things Keep Getting Better for Amazon With Blockbuster Profit

Amazon (AMZN) reported its 5th straight quarterly profit. Earnings beat on both top and bottom lines on growth in its cloud business and an increase in prime subscriptions.
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Amazon (AMZN) - Get Report reported its 5th straight quarterly profit. Earnings beat on both top and bottom lines on growth in its cloud business and an increase in prime subscriptions. Amazon also indicated it would double down on video as it continues to fight Netflix (NFLX) - Get Report . Founder Jeff Bezos is now the world's third richest person with a net worth topping $65 billion. Alphabet (GOOGL) - Get Report says it is attracting advertising to its mobile search business. The tech company also saw a 20% increase in revenue. The bottom line also easily beat expectations. The Bank of Japan continues with economic stimulus. It held interest rates steady and maintained its pace of buying government bonds. But investors wanted more. The yen is surging in response. The first read on second quarter GDP is release today. Dallas Federal Reserve President Rob Kaplan speaks and the general election officially begins.