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The capitalization of Amazon.com on Tuesday briefly reached $1 trillion, Reuters reports. For the year, company's shares rose more than 2 times - by 74.5%. On Tuesday, the Amazon stock price reached 2 thousand 50.5 dollars, but at the closing, it amounted to 2 thousand 39 dollars 51 cents. The agency writes that at such rates of growth of shares, the market value of Amazon will exceed Apple, which capitalization on August 2 was more than $1 trillion. It is noted that it took 38 years for Apple to reach 1 trillion dollars, whereas Amazon - only 21 years. According to analysts, Amazon's profit growth in 2018 will be 32%, Apple - 14.9%.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
The U.S. Federal Reserve’s holdings of bonds and other securities fell on its fourth consecutive week, dropping below $7 trillion, while one key emergency liquidity measure slid to zero. The market took this as a sign that financial ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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