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Amazon Stock Drops 8% After Q2 Earnings Despite Strong Revenue: Here's What You Need to Know

Amazon Stock Drops 8% After Q2 Earnings Despite Strong Revenue: Here's What You Need to Know

Amazon's stock fell 8% on Friday after the company reported second-quarter 2025 earnings, even after reporting better-than-expected results on core measures such as revenue and profit. Though the reports were good across most areas—most notably advertising and e-commerce—shareholders weren't pleased with dismal profit guidance

Tesla Responsible in Part for Fatal Autopilot Accident, Told to Pay Up to $242.5 Million

Tesla Responsible in Part for Fatal Autopilot Accident, Told to Pay Up to $242.5 Million

In a historic verdict, a Miami jury held that Tesla should pay part of $329 million in damages after one of its Autopilot systems caused a fatal crash in 2019. The court held the electric vehicle manufacturer 33% liable for the accident, ordering $129 million in compensatory damages and $200

Figma's Blockbuster IPO Puts Best VCs on $24 Billion Goldmine—Silicon Valley's IPO Drought Finally Ends

Figma's Blockbuster IPO Puts Best VCs on $24 Billion Goldmine—Silicon Valley's IPO Drought Finally Ends

Figma's successful listing on the New York Stock Exchange has shaken Silicon Valley out of its slumber. After years of lacklustre exits and lacklustre listings, the IPO of the design software firm has brought a much-awaited bonanza to the venture capital titans—Index Ventures, Greylock, Kleiner Perkins, and

Nintendo Doubles Quarterly Revenues as Sales of Switch 2 Jump to 5.8 Million Units

Nintendo Doubles Quarterly Revenues as Sales of Switch 2 Jump to 5.8 Million Units

Nintendo started its fiscal year on a big high. In its latest quarterly report, the gaming giant reported that it more than doubled revenue, thanks in large part to the blockbuster launch of the Switch 2 console, which has already sold 5.82 million units since June 5, 2025. This

Amazon’s Cloud Business Grows 18% in Q2 Amid Intensifying AI Competition

Amazon’s Cloud Business Grows 18% in Q2 Amid Intensifying AI Competition

Amazon Web Services (AWS), the cloud computing division of Amazon, reported a solid 18% year-over-year revenue growth in the second quarter of 2025, reaching $30.87 billion. This performance slightly surpassed analysts' expectations of $30.8 billion and underscores the growing reliance on cloud infrastructure in the era of

Apple Stocks Increase Following Good Quarterly Performance Despite Tariff Strains and AI Rivalry

Apple Stocks Increase Following Good Quarterly Performance Despite Tariff Strains and AI Rivalry

Apple Inc. (AAPL.O) saw its shares climb by 2% in premarket trading on Friday, following a robust quarterly earnings report that beat Wall Street expectations. Despite facing mounting global trade tensions and rising competition in the artificial intelligence (AI) sector, Apple delivered its fastest revenue growth since 2021—a

Nippon Steel Reports Annual Loss Despite U.S. Steel Acquisition Expenses

Nippon Steel Reports Annual Loss Despite U.S. Steel Acquisition Expenses

Nippon Steel, Japan's biggest steel producer, has shockingly reduced its full-year financial outlook in a radical change from its previous estimate of a 200 billion yen profit to an annual loss of 40 billion yen ($266 million). The company said it made this downward adjustment primarily due to