Amazon (AMZN) posted first-quarter 2018 earnings on Thursday afternoon that surpassed Wall Street expectations.
For a man worth $127 billion, that tiny fraction amounts to $1 billion a year, which he gets by liquidating Amazon stock, Bezos said at an Axel Springer awards event in Berlin, Germany, hosted by Business Insider's U.S. editor-in-chief, Alyson Shontell. Amazon had already been on a breakneck pace this year, with its shares climbing almost 30 percent to $1,511 a share since the start of 2018.
Subscription services, which include Amazon's popular Prime offering, generated revenue of $US3.1 billion, up 56 per cent from a year earlier.
Amazon CEO Jeff Bezos revealed in a shareholder letter last week that there are now more than 100 million subscribers for Prime, a $99 annual membership program that offers shipping perks and video streaming.
AWS pulled in $5.4 billion in sales during the quarter, a 49 percent-year-over-year increase. It's the second straight quarter of accelerating growth for the profitable unit.
"AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down", said Bezos.
Amazon's success has made Bezos the world's richest individual, and the company has been a frequent target of President Donald Trump, who has argued that the tech giant gets a sweetheart deal from the US Postal service, a claim which is disputed by many analysts. Analyst consensus estimated operating income of $1.13 billion of operating income and sales of $52.3 billion. The company is forecasting operating income of $1.1 billion to $1.9 billion on revenue of $51 billion to $54 billion.
Amazon has been broadening its business by moving into new sectors, notably with the acquisition of the Whole Foods grocery chain.
Sectors posting the biggest losses included technology (2 percent), materials (2.69 percent) and industrial (2.82 percent) stocks. In Asia, share markets were trading lower on Wednesday in morning session, following an overnight drop in USA stocks.
Romney also failed to win a majority at the Utah GOP convention, coming in with 49 percent of delegates' support to Rep. The two men have shown signs of making peace, and Romney has accepted Trump's endorsement for Senate.
In July, on the eve of the Democratic National Convention, Wikileaks published 20,000 internal emails stolen by the hackers. This is the second time in recent history that the DNC has sued a Republican president.
Despite being 36 years old, Ibrahimovic is still far and away Sweden's best player and most important guy in attack. After some back and forth speculation, Zlatan Ibrahimovic will miss the 2018 World Cup with Sweden after all.
The US Treasury and South Korean Ministry of Strategy and Finance are finalising the currency terms, they said. North Korea state media rarely carries any negative news about the tightly controlled state or its leadership.
Both coaches expressed their admiration for Antetokounmpo's effort on the play after the game. "They had a lot to do with that". And in the end, the long reach of Antetokounmpo emerged from a pack of Celtics to tip in the winning shot.
At the " Bharat Ki Baat , Sabke Saath" event in London , PM Modi said that "rape is rape" and shouldn't be politicized. The journalist said that she was intimidated by the protesters when she approached them with her question.
China was informed late Sunday of the accident and its embassy in Pyongyang dispatched personnel to the scene, the ministry said. Chinese state media footage showed the blue tour bus completely flipped over, with part of its body broken.
Over the weekend, demonstrators pushed for the Philadelphia Starbucks' employee to be fired for calling the police. Starbucks regional vice president Camille Hymes attempted to talk to the protesters, but was shouted down.
To be more specific, the update disabled touch functionality on iPhone 8s that were fixed using third-party displays. Coming to the Security Update 2018-001 does its part to fix the vulnerability in macOS High Sierra 10.13.4.
Dallas Police Chief Renee Hall said late Tuesday evening that all three victims are out of surgery in a Dallas hospital. The report states that two police officers were critically injured and a civilian was also shot and injured.
Flyers' Couturier could play must-win Game 5
If their response following their first loss of the series is any indication, they should come out firing on all cylinders. For Pittsburgh , Matt Murray was excellent in three of the four wins but not-so-good in game six and game two.
Capitals advance with win over Blue Jackets in Game 6
Grubauer was shaky in the first couple of games - looking particularly awful in Game 2 - and so the Caps made a change. After falling behind 1-0 early in Game 5 on a shorthanded goal, Washington responded quickly with a Backstrom goal.
Trade disputes, debt burden threaten global growth
The WTO projects global merchandise trade will expand by 4.4 percent this year, after increasing by 4.7 percent in 2017. But German central bank chief Jens Weidmann said the G20 officials all agreed trade must benefit all countries.
Survivors of Syria gas attack saved evidence for inspectors
The committee has been negotiating a deal to spare the city a military assault by the Syrian army and its allies who encircle it. Russian ministry spokeswoman Maria Zakharova said the delays to the OPCW team were "unacceptable", in a statement Saturday.