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Photo: David Ryder/Getty Images.

Amazon reported its earnings Thursday with updates on its devotion toward advertising and "sales related to our other service offerings," which made nearly $2.5 billion in net sales in just the third quarter of 2018, The Atlantic reports.

Why it matters: Amazon has streamlined its ads to work on nearly every platform so advertisers can purchase ads in a bundle of Alexa, Kindle, Amazon.com banners and on television. Amazon's ad business has more than doubled from Q3 of 2017, when it made $1.12 billion. Brands have since upped their ad spending on Amazon by 250%.

Go deeper

Updated 33 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 49 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.