cnbc_topnews

Amazon on deck to report earnings after the bell with cloud, capex in focus

📰 source: cnbc_topnews · 💼 business

amazon reports second-quarter earnings on thursday after the bell. analysts expect eps of $1.82 on revenue of $196.47 billion, with aws at $40.54 billion and advertising at $19.43 billion. investors are focused on capex, which hit $44.2 billion in q1, up 77% from a year ago, and is expected to rise to $49.3 billion in q2. alphabet's capex hike spooked markets last week, while microsoft's strong results boosted its stock. meta's light forecast sent shares down. morgan stanley sees amazon capex reaching $218 billion this year and rising through 2028. aws revenue likely grew 31% year over year, faster than q1's 28%. prime day, moved to june, drove $26.4 billion in online spending, up 9.3% year over year, though amazon didn't disclose figures. keybanc data showed prime week spending rose 41.7%, slower than last year's 50.5%. amazon also trimmed head count in customer service and ai units.

why it matters: earnings will test whether cloud growth and ai spending justify amazon's massive capex, as investors watch for guidance changes.

source: cnbc_topnews
sentiment: +0.30 · impact: 0.80

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects