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We’re reiterating our rating on Amazon as shares fall in the after hours

We’re reiterating our rating on Amazon as shares fall in the after hours

Amazon on Thursday delivered better-than-expected results on both the top and bottom lines for the second quarter. But a small revenue beat from Amazon Web Services and mixed third-quarter guidance weren’t enough to impress investors, knocking the stock down after hours. Revenue increased 13% year over year to $167.7 billion, beating expectations for $162.09 billion,…

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Indian state refiners pause Russian oil purchases, Reuters reports

Indian state refiners pause Russian oil purchases, Reuters reports

Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned countries not to purchase oil from Moscow, industry sources said. India, the world’s third-largest oil importer, is the biggest buyer of seaborne Russian crude, a vital revenue earner for Russia as it wages war in Ukraine for a fourth year. The country’s state refiners – Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical…

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Apple’s killer quarter buys more time for the company to deliver clarity on AI

Apple’s killer quarter buys more time for the company to deliver clarity on AI

Apple delivered a solid June quarter Thursday evening, and the stock moved higher. However, the lack of any real artificial intelligence strategy updates tempered investor enthusiasm. The stock remains an AI “show me” story — and in a market currently being powered by the AI trade, that’s all anyone really cares about. Revenue in Apple’s…

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How global CEOs are shifting gears

How global CEOs are shifting gears

Trade tensions are rising, forcing top executives to rewrite the rulebook on how their companies operate, where they invest and what customers buy. In interviews with CNBC this earnings season, CEOs across industries — from aluminum and aerospace to chocolate, banking, telecoms, and energy — sent a clear message: tariffs are no longer just a political…

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Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods

Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods

U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that confirmed “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%….

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