Amazon CEO Jeff Bezos. Photo: Jason Redmond / AFP / Getty Images

Amazon's quarterly profit has topped $1 billion for the first time: "TECH ROARS: APPLE BEST QTR IN HISTORY OF BIZ," Drudge writes.

The big picture: "Three of the biggest tech companies reported record quarterly financial results ... as they extended their dominance over swaths of the global economy," The Wall Street Journal writes in its lead story:

  • "Apple’s revenue rose 13% to $88.29 billion, fueled by its move to increase smartphone prices ... The company, whose profits topped $20 billion for the first time, is also increasingly benefiting from its services business, including App Store sales and music and payments services."
  • "Google parent Alphabet recorded its 32nd consecutive quarter of revenue growth of 20% or more, continuing a dominant run as it handles more than 90% of internet searches and owns the world’s most influential video site."
  • "Amazon — long known for prioritizing growth over earnings — delivered a profit exceeding $1 billion for the first time as its revenue jumped 38% to $60.5 billion."

The debates ahead, per The Journal:

  • "As the tech giants expand their clout across a widening band of commerce, they have increasingly drawn scrutiny from lawmakers and consumers over a range of issues, from their dominance of certain markets, to how they use their vast troves of consumer data, to the impact their products have on society."
  • "The extraordinary runup in their share prices has helped fuel popular awareness of the companies’ power."

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

CEO confidence skyrockets on expectations of layoffs and wage cuts

U.S. consumers remain uncertain about the economic environment but CEOs are feeling incredibly confident, the latest survey from the Conference Board shows.

Why it matters: Confidence among chief executives jumped 19 points from its last reading in July, rising above the 50-point threshold that reflects more positive than negative responses for the first time since 2018.

Louisville officer: "Breonna Taylor would be alive" if we had served no-knock warrant

Breonna Taylor memorial in Louisville. Photo: Brandon Bell/Getty Images

Sgt. Jonathan Mattingly, the Louisville officer who led the botched police raid that caused the death of Breonna Taylor, said the No. 1 thing he wishes he had done differently is either served a "no-knock" warrant or given five to 10 seconds before entering the apartment: "Breonna Taylor would be alive, 100 percent."

Driving the news: Mattingly, who spoke to ABC News and Louisville's Courier Journal for his public interview, was shot in the leg in the initial moments of the March 13 raid. Mattingly did not face any charges after Kentucky Attorney General Daniel Cameron said he and another officer were "justified" in returning fire to protect themselves against Taylor's boyfriend.