Amazon Shares Plunge as Cloud Growth Slows and Q1 Revenue Forecast Misses

Amazon Shares Plunge as Cloud Growth Slows and Q1 Revenue Forecast Misses

Amazon.com (AMZN, Financial) shares plunged sharply in extended trading on Thursday following weaker-than-expected growth in its cloud computing division and a disappointing Q1 revenue forecast. The stock fell up to 5% in after-hours tradingerasing nearly $90 billion in market valuebefore settling at a 4.2% drop. CFO Brian Olsavsky said capital expenditures for 2025 will remain…

Read More
Driving Growth in China’s Auto Market

Driving Growth in China’s Auto Market

https://www.tipranks.com/news/company-announcements/suncar-technology-group-driving-growth-in-chinas-auto-market SunCar Technology Group (SDA) has released an update. SunCar Technology Group, a leading digital platform for B2B auto services and eInsurance in China, reported robust financial growth with a 28% revenue increase in the last twelve months ending June 2024. With strong ties to major corporations like Tesla and Bank of China, SunCar leverages…

Read More