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( ) -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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Out-cue: start-up Rivian Automotive]
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.
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.
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Congresswoman Ilhan Omar’s anti-semitic comments have cost her a seat on the House Foreign Affairs Committee. House Republicans voted to oust the Somali-born Muslim lawmaker after her past comments critical of Israel, and comparing the U.S. military terrorist groups like Hamas and the Taliban. It was also a response by the new Republican majority after Democrats booted some conservative Republicans from committees in the last Congress. The Minnesota Democrat has apologized for comments that she has said she later came to understand were anti-semitic.Listen Download
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Bernie Bennett SRN News U.S. House correspondentView More »
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.Listen Download
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Michael Harrington SRN News religion desk editorView More »
The Satanic Temple is getting into the abortion business
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