Amazon quarterly profit slips as costs climb

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San Francisco (AFP) – Amazon on Thursday reported its profit in the recently ended quarter slipped to $3.2 billion as the pandemic, hiring and product shortages drove up costs. The e-commerce colossus said its sales climbed to $110.8 billion, but its profit was about half of its net income from the same quarter last year. Global supply chain bottlenecks and a chip shortage have started to weigh on big companies even as a US spike in coronavirus cases driven by the Delta variant would normally have pushed demand from e-retailers like Amazon. “We’ve always said that when confronted with the choi…

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Texas Gov. Greg Abbott Signs GOP Voting Restriction Bill

Published by On Tuesday, Gov. Greg Abbott (R-Texas) signed an election bill that adds more voting restrictions on the state’s citizens, three months after the Democrats spent months trying to block the bill from becoming law. “One thing that all Texans can agree, and that is that we must have trust and confidence in

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Industry Unbound: Friendly Academics And Performing Accountability

Published by ValueWalk Excerpted from Industry Unbound: The Inside Story of Privacy, Data, and Corporate Power by Ari Ezra Waldman. Q3 2021 hedge fund letters, conferences and more Industry Unbound: Friendly AcademicsThe information industry also launders its arguments through seemingly independent academic research. The best example of this is in the field of AI and

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Duke Comes Up Short Against Georgia Tech, 31-27

Published by SportsCarolina Monthly Courtesy DURHAM – A late score by Georgia Tech with under a minute remaining separated the Yellow Jackets from Duke, 31-27, Saturday afternoon at Brooks Field at Wallace Wade Stadium. Duke held a 27-24 lead late in the fourth quarter, but a six-play, 88-yard drive by Georgia Tech found the

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The Most Expensive US Zip Code Is a “Billionaire Favorite”

Published by InsideHook By Kirk Miller Got a spare $7.5 million? Then you might be able to live in the most expensive U.S. zip code, according to a new report by PropertyShark. For the fifth year in a row, Atherton, CA’s 94027 landed atop the real estate site’s list, boasting (and emphasis on “boasting”) a

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