Amazon beats Q4 revenue estimates, but profits slump

( ) -q-21- UNDATED (Correspondent Jeremy House) “start-up Rivian Automotive.”

Amazon has reported worse-than-expected profits, but its revenue beat expectations boosted by sales in its cloud-computing unit AWS.

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TAG: Correspondent Jeremy House reporting. Shares in Amazon.com Inc. fell 4% in after-hours trading. The earnings report closes a rough 2022 for Amazon. The company’s stock lost nearly half of its value last year amid a broader sell-off of tech shares tied to rising inflation, interest rates and concerns about the wider economy.

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VERBATIM: Amazon said it earned $300 million, or 3 cents per share, in the October-December quarter. Industry analysts were expecting the Seattle-based company to earn 17 cents a share. It said its profits were dented by a $2.3 billion write-down of the value of its stock investment in electric vehicle start-up Rivian Automotive.

U.S. military downs Chinese balloon over Carolina coast

The U-S military shot down a suspected Chinese spy balloon off the coast of South Carolina. On President Biden’s orders, an F-22 fighter jet fired a missile at the balloon, puncturing it while it was about 6 nautical miles off the coast near Myrtle Beach, South Carolina. The president said he wanted the balloon downed on Wednesday, but was advised to wait until it was over water. The suspected spy balloon traveled over military sites across North America, adding to tensions between the U-S and China.

Dem Congressman Urges Compromise With GOP On Police Reform

Former President Trump Kicks Off Campaign Events

The former President is kicking off his 2024 campaign with two stops along the East Coast. More from Correspondent Bernie Bennett.

Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.

Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.

Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.

Bernie Bennett reporting.

The Satanic Temple is getting into the abortion business

The Satanic Temple is getting into the abortion business

VERBATIM: The organization says it is opening a telehealth abortion clinic in New Mexico. The Satanists call abortion one of their “rituals” and argue that it should be protected under the First Amendment guarantee of religious freedom. The New Mexico facility will actually be called the “Satanic Abortion Clinic” and will provide abortion pills through the mail for women who seek them. The Satanic Temple says it will also provide funding for women to travel to abortion-friendly states. Michael Harrington, SRN News.

AM SPORTSCAST 2-3

AM SPORTSCAST 2-3