#financials

#financials

According to Amazon CEO Andy Jassy, this week's 14,000 layoffs were not caused by a focus on AI or to cut costs. Instead, the massive layoffs are intended to kickstart a cultural change within the company. Amazon reported quarterly revenue of $180.2 billion, a 13% increase year-on-year. Profits amounted to $21 billion. Nevertheless, the company is taking a $1.8 billion charge for severance payments this quarter.

It was truly a summer to remember in 2025 as meme-stock traders took a shine to GPRO stock. After touching $0.50 in April, the GoPro share price catapulted to $2 and even hit $2.50 recently. On a technical level, the bullish argument makes perfect sense. If GPRO stock quintupled from $0.50 to $2.50, why couldn't it double from here to $5?

Daniel James has a unique claim to fame in the recent history of Manchester United. He is the only player who has joined the club since Sir Alex Ferguson retired as manager in 2013 and left for a higher transfer fee than it cost to sign him in the first place. James, signed from Swansea for £15 million in 2019, was moved on to Leeds for £25 million two years later.

The NBA has set the salary cap for the coming season at $154.647 million, a 10% increase from the previous season's cap.