Amazon jacks up the price of Prime from $99 to $119
Amazon jacks up the price of Prime from $99 to $119
Business News Roundup, April 27
27 April, 2018, 10:09
Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages jumped to 4.58 percent from 4.47 percent last week.
Net income more than doubled to US$1.9bn (1Q 17: US$724mln) or US$3.27 per share, comfortably ahead of analysts' forecasts for earnings of US$1.27 per share.
In January, the service announced it was boosting its monthly subscription option for Prime from $10.99 to $12.99.
Amazon's shares soared over 6 percent in after-hours trading, following a substantial earnings beat and a forecast for current-quarter growth that would defy all expectations. Sales from Prime fees and other subscriptions grew 60 percent to $3.1 billion. The company reported that revenue jumped 43% from previous year, to $51 billion from $35.7 billion.
Amazon Prime, which has more than 100 million members worldwide, gives members free two-day shipping on a variety of products, as well as access to exclusive TV shows through the Prime Video app on Apple TV, movies, and music.
Amazon and Bezos still have to get through what may become one of their most challenging years yet, which is saying something for a company known for setting - and meeting - lofty goal. For the first time, Amazon's founder and CEO Jeff Bezos recently disclosed the company had more than 100 million Prime subscribers, globally. The same period from a year ago had $1.48 in EPS on $35.71 billion in revenue.
Amazon Web Services, the cloud platform, continued to bring in the bulk of the company's profits. On Thursday, it announced with the National Football League a renewed agreement for Amazon to exclusively stream Thursday night football games to Prime subscribers. That's why you're seeing this remarkable acceleration in AWS growth, now for two quarters in a row.
Amazon said it expects operating profit this quarter between $1.1 billion and $1.9 billion, up from $628 million a year earlier.
On Tuesday, a high court judge decided that the boy's parents could not take him overseas for further treatment. Italy has sent a military plane to Britain to transport Alfie to Rome if the courts allow it.
The reports suggested that the reason for her departure could be Bushra's son from a previous marriage overstaying at Bani Gala. It was agreed between Imran and Bushra that no family member of the latter shall be living at the former's residence for long.
The Warriors are also the defending champions this season and they bested the Pels in their regular season series 3 - 1. They still don't have much trust from oddsmakers as they come into tonight's road game as a major underdog.
I am grateful to the Board of Deputies, the Jewish Leadership Council and the Community Security Trust for a positive... Corbyn's words have changed, but it is action by which the Jewish community will judge him and the Labour Party".
Chad was on the list of countries targeted by Trump that was announced in September, but he removed it on April 10. But that argument runs up against repeated statements and tweets Trump made during his presidential campaign.
Just last week, we reported on the news that the Netherlands declared some loot boxes to be in violation of the Gambling Act . The regulator investigated ten video games that featured loot boxes and were available to Dutch players.
Create independent investigative and adjudicative body to address and resolve complex and serious cases involving NCAA violations. Rice called the crisis in college basketball "first and foremost a problem of failed accountability and lax responsibility".
Nelson would likely be an immediate replacement for Justin Pugh and would suit Gettleman's focus on building from the trenches. I don't think I could have described the scene any better myself, but since we are debating I refuse to remain silent.
Potential No. 1 overall pick Josh Allen has apologised for offensive tweets that were uncovered on the eve of the 2018 NFL Draft. The former Wyoming quarterback acknowledged the tweets to ESPN's Stephen A.
She added that the reporters at White House briefings often had a "tone" that was "completely unnecessary". Sanders then praised "a number of people in this room" that report freely and fairly "every single day".
He said: "From whichever angle you are witnessing what is happening in this country, one thing is agreeable that this country is sliding dangerously".
US hopeful Korea talks will achieve progress toward peace
North Korea's nuclear and missile tests previous year likely put it on the threshold of becoming a legitimate nuclear power. The two were handed flowers by a South Korean children, residents of a village situated in the demilitarised zone.
How Many Post-Credits Scenes Does Infinity War Have?
Imagine being on a roller-coaster for two-and-a-half hours that pauses for only the briefest of moments for you to gasp for air. These differences between some fans' feelings and mine don't change my opinion about what makes a movie good.
Meek Mill's Legal Troubles Date Back To 2007 — TIMELINE
After his release, Williams said in a statement that the five months he spent in prison "have been a nightmare". Peruto said Brinkley may not side with the prosecutor and Mill's lawyer, who are asking her to throw it out.
What the 1999 constitution says about 'impeaching' Buhari
Trouble started after Speaker Yakubu Dogara read the president's correspondence on the expenditure at yesterday's plenary. According to the president, the helicopters are meant to support the drive to improve the security of the nation.
Facebook Earnings Beat Expectations
It is spending to ensure users are not scared away by scandals. Facebook faces a specter of regulation at home and overseas . Facebook has over 20 crore users in the country.
Stocks wobble as bond yields set 4-year highs
Having flirted with the 3% level on Monday, the 10 year Treasury has broken through over the past 24 hours and now sits at 3.03%. Shire's board indicated that it would recommend that proposal to its shareholders, Takeda said in a statement.