Recapping the day's news and newsmakers through the lens of CNBC.
Some business truisms never go away, like the one about giving away the razor so you can sell the blades. In the newest high-tech twist on that, Amazon says its upcoming Kindle Fire HDX tablet will sell at a loss, even though the price will jump 25 percent to $379 to cover new features like Mayday, a one-button link to tech support. Kindles, of course, are designed to steer users to Amazon's main business, selling content like books and movies. Few CEOs can hold a candle to Amazon's Jeff Bezos when it comes to increasing stock value by "giving the house away." Watch and learn ... on your Kindle Fire.
"We think we're better aligned with our customers if we make money when people use our devices, not when they buy them."—Amazon CEO Jeff Bezos