Business News

Amazon Reports Record Profits for the Second Consecutive Quarter

Amazon Reports Record Profits for the Second Consecutive Quarter

Amazon for the second time in a row reported record quarterly profits. For the second quarter, the company reported net income of $857 million. The net income for the three months that ended on 30 June was nine times or more, compared to same time last year.

Trump Claims He has No Interest in Russia

Trump Claims He has No Interest in Russia

Democratic National Committee's emails were hacked and the matter is being investigated by the FBI. Speculations say that there may be hands of Russians but nothing has been identified for sure. Based on that, on Wednesday during a news conference, GOP presidential nominee Donald Trump was asked about Russia.

Facebook’s Second Quarter Earnings Beat Expectations; Share Prices Soar

Facebook’s Second Quarter Earnings Beat Expectations; Share Prices Soar

Menlo Park, California based Facebook bagged one more stellar quarter supported by added number of users and a healthy mobile advertising business.

On Wednesday, Facebook reported its second quarter revenue and earnings that topped analysts' estimates. The news helped shares to climb about eight percent during the afterhours trading.

Fed Signals Gradual Rate Hike; Asian Currencies Won and Ringgit Gain on Weaker Dollar

Fed Signals Gradual Rate Hike; Asian Currencies Won and Ringgit Gain on Weaker D

Among the Asian currencies, the Korean Won and the Malaysian Ringgit gained vs. the dollar following news that the Federal Reserve plans to adopt a gradual pace in tightening the monetary policy in the country.

McDonald’s Turnaround Effort Stumbles as All-Day Breakfast Seems to Lose Popularity

McDonald’s Turnaround Effort Stumbles as All-Day Breakfast Seems to Lose Popular

Popularity of McDonald's all-day breakfast menu seems to be losing its shine as customer enthusiasm dries down.

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