UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and...Asia Politicsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
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Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
Even with this week's weakness, Amazon.com stock has been outperforming the retailers whose businesses it's challenging, and on the eve of its earnings, it would be fair to assume Amazon will have a fairly volatile trading day after it reports.
Amazon has a history, in the last 10 years, of beating earnings-per-share estimates just slightly more than it misses, but the stock is very volatile after earnings days, averaging a 9.5 percent move either way, according to Bespoke. The company has reported revenue beats at a greater rate of 66.8 percent, versus the 56.4 percent beats on earnings per share.
The company reports after Thursday's closing bell, and is expected to have a loss of 15 cents per share on revenue of $19.34 billion, according to Thomson Reuters. That revenue would be 23 percent higher than the $15.70 billion in last year's second quarter. The company had a loss of 2 cents per share in that quarter a year ago.