Jan 31, 2019

Amazon sales soar 20% for quarter

Amazon distribution center in Germany. Photo: Holger Hollemann/picture alliance via Getty Images

Amazon announced quarterly sales rose 20% from the same quarter a year ago, to $72 billion, in an earnings report that beat analyst's revenue predictions, with a total of $3 billion profit for the quarter, or $6.04 per share, compared to an average analyst target of $5.56.

The big picture: The growth of Jeff Bezos' e-commerce behemoth shows no sign of slowing down.

  • Amazon said that Echo Dot, its entry-level Alexa-powered smart speaker, was "the #1 selling product on Amazon globally, from any manufacturer, in any category this holiday season."
  • Amazon Web Services, the company's hugely successful cloud computing unit — whih has driven much of Amazon's recent growth in profitability — saw a 45% sales increase year-over-year, to $7.43 billion.

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Israeli election: Netanyahu has momentum despite corruption case

Netanyahu campaigns with a friend behind him. Photo: Artur Widak/NurPhoto via Getty Images

Israeli Prime Minister Benjamin Netanyahu enters Israel's third elections in 10 months with momentum — and with his corruption trial looming just two weeks after the vote.

Why it matters: Israeli politics have been deadlocked for nearly a year as Netanyahu and his centrist rival, Benny Gantz, grapple for power. Monday's vote could provide the breakthrough, or set Israel on course for yet another election.

Go deeperArrow9 mins ago - World

Democrats lay out demands for coronavirus funding

Photo: Alex Wong/Getty Images

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer released a joint statement Thursday outlining their demands for coronavirus funding, including a guarantee that the eventual vaccine is affordable.

The big picture: Pelosi criticized the Trump administration's response to the coronavirus outbreak, calling it "chaotic" and chiding President Trump for "name-calling" and "playing politics." She added at a press conference that bipartisan congressional leaders are nearing an agreement on emergency funding.

Coronavirus updates: Japan closes schools and Saudi Arabia bans holy site visits

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus is now affecting every continent but Antarctica and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. As Denmark and Estonia reported their first cases Thursday, Scott Morrison, prime minister of Australia — which has 23 confirmed infections — told a news conference, "The risk of a global pandemic is very much upon us."

Go deeperArrowUpdated 2 hours ago - Health