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Rapper Macklemore has released a pro-Palestine protest song called "Hind's Hall." Elsewhere in the song, Macklemore takes aim at Biden and the feud between Drake and Kendrick Lamar. AdvertisementMacklemore has called for a cease-fire in Gaza and condemned continuing US aid to Israel in his new song, "Hind's Hall." The song has gone viral on social media with 37 million views on X, 1.7 million views on YouTube, and 2.9 million likes on Instagram. AdvertisementIn the opening bars of his new song, Macklemore praises college students across the US who are protesting Israel's war in Gaza.
Persons: Macklemore, Drake, Kendrick Lamar, , Hind Rajab, Joe Biden, Biden, freedom's, Gina Wetzler, Annie Lennox Organizations: Palestine, Columbia University, Biden, Service, Hamilton Hall, Protesters, YouTube, United Nations Relief, Works Agency for Palestine Refugees Locations: Gaza, Israel, Palestine, Hamilton Hall, Columbia, Seattle, Dua Lipa, East
There's good news for at least some of the student loan borrowers who missed the April 30 deadline to qualify for quicker debt forgiveness: They may still be eligible for other relief options. Borrowers with multiple student loans who requested a so-called loan consolidation by the end of April 30 — a move that combined their federal student loans into one new federal loan — are able to get their debt sooner than they would have otherwise. They earned credit toward all their loans based on the one they had been making payments on the longest. To qualify, borrowers just had to be enrolled in an income-driven repayment plan, which, after 10, 20 or 25 years, depending on the plan, leads to debt cancellation. If you missed that deadline, you may still be eligible for relief.
Persons: , Roth Organizations: Finance
As Republicans and Democrats booed her loudly Wednesday when she called a snap vote on the House floor to oust Speaker Mike Johnson, Representative Marjorie Taylor Greene, Republican of Georgia, paused briefly to narrate the drama to viewers back home. “This is the uniparty, for the American people watching,” Ms. Greene sneered, peering over her glasses at her colleagues like a disappointed schoolteacher. Ms. Greene went on to take her shot at Mr. Johnson and miss, an outcome that she knew was a certainty. The move buoyed Mr. Johnson, confirming his status as the leader of an unlikely bipartisan governing coalition in the House that Ms. Greene considers the ultimate enemy. And it isolated Ms. Greene on Capitol Hill, putting her back where she was when she arrived in Washington three years ago: a provocateur and subject of derision who appears to revel in causing huge headaches for her colleagues.
Persons: Mike Johnson, Marjorie Taylor Greene, Ms, Greene sneered, Greene, Johnson, revel Organizations: Democrats, Republican, Republicans, Capitol Locations: Georgia, Washington
The House of Representatives is one of Washington’s most raucous forums, a free-for-all of personalities with profiles to raise and points to score. But it turns out that the rough-and-tumble of steering a public school district — board sessions, P.T.A. meetings, battles over textbooks and discipline — may be sound preparation for the rough-and-tumble of testifying before the House. As public school leaders showed on Wednesday, mixing it up a bit can go far toward neutralizing a Congress with a craving for the spotlight. At earlier hearings, university presidents opted for strategies of conciliatory genuflection or drab, lawyerly answers.
Persons: ” David C, Banks, Organizations: Education, New Locations: America, New York City
Kimmie Gilbert couldn't seem to lose weight despite trying diets, exercise, and medication. Research suggests that gut microbiome composition might play a role in a person's weight. AdvertisementKimmie Gilbert has one pressing question: "What in the world are y'all eating that I'm not eating that causes y'all to lose weight and not me?" In 2019, health tech had a global market value of approximately $350 billion, according to McKinsey. A microbe called Prevotella, which is associated with weight loss, wasn't found at all in her gut.
Persons: Kimmie Gilbert couldn't, Gilbert, , Kimmie Gilbert, y'all, Eran Segal, Annie Gupta, Goodman, Rob Knight, Jack Gilbert, wasn't, Gupta, Prevotella, Segal Organizations: Service, Netflix, McKinsey, BMI, Weizmann Institute of Science, UCLA, Luskin, UC San Diego Locations: New Orleans
Washington CNN —The House voted swiftly Wednesday evening to kill Republican Rep. Marjorie Taylor Greene’s effort to oust Speaker Mike Johnson from his leadership post. Johnson spoke briefly with reporters following the vote, calling Greene’s campaign against him “misguided” and thanking colleagues for a “show of confidence” in his leadership. The House on Wednesday voted to table – or kill – Greene’s push to remove Johnson by a tally of 359 to 43. Eleven Republicans voted against tabling. House Republicans were completely caught off guard by Greene’s decision to trigger her motion, multiple Republican sources told CNN.
Persons: Marjorie Taylor, Mike Johnson, , Johnson, , , “ I’ve, ” Greene, Kevin McCarthy, Greene, Johnson –, Thomas Massie, Kentucky –, Austin Scott of, CNN’s Haley Talbot Organizations: Washington CNN, Republican, Louisiana Republican, GOP, tabling, House Democratic, Republicans, CNN Locations: Louisiana, Austin Scott of Georgia
US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images'I plan on dying with student loan debt'"I think this is a great idea. I am 52 years old with a lot of student loan debt from years ago. I plan on dying with student loan debt. "As an African American millennial from River Rouge, MI, I believe it is crucial to support and approve student loan debt relief proposals.
Persons: Joe Biden, Andrew Caballero, Reynolds, Biden, they'll, Nobody Organizations: Madison Area Technical College, AFP, Getty Locations: Madison , Wisconsin, River Rouge , MI
Morsa Images | Digitalvision | Getty ImagesIt may soon be more expensive to borrow federal student loans. The government sets interest rates on its education loans once a year. This year, that Treasury yield has been on the rise while the Federal Reserve keeps interest rates high until inflation comes down. watch nowAs a result, federal student loan rates may increase by about 1% in the 2024-2025 academic year, according to an estimate by higher education expert Mark Kantrowitz. All federal education loans issued on or after July 1, 2024, will be subject to the new rates.
Persons: Mark Kantrowitz, Kantrowitz Organizations: Treasury, Federal Reserve
Across the US, pro-Palestinian protesters have been occupying lawns and buildings on campuses, and many are requesting that their universities divest from Israel. Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.
Persons: Macklemore, Joe Biden, ” Macklemore, Donald Trump, Columbia’s Hamilton, Hind Rajab, Hind, who’ve, , He’s, Biden, Jon Batiste, Selena Gomez, Annie Lennox, , Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Seattle concertgoers, Seth Rogen Organizations: CNN, Columbia University, Biden, University of California, University of Arizona, Dua Lipa, Scottish, United Nations Relief, Works Agency for Palestine Refugees, Hamas, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, Getty, The George Washington University, Israel, AFP, Police, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Seattle, Trump Locations: Gaza, Israel, University of California Los Angeles, Palestine, Dua, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, AFP, The City College of New York, Columbia, Columbia's, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Washington
Shopify shares plunge 18% on weak guidance
  + stars: | 2024-05-08 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +1 min
The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany. Shopify reported first-quarter earnings and sales on Wednesday that were ahead of Wall Street expectations, but it gave a downbeat forecast for the current quarter. Shopify said it expects second-quarter revenue to grow at a high-teens percentage rate year-over-year, a slowdown from the previous period. The company has posted year-over-year revenue growth in the low-to-mid twenties for the past six quarters. Second-quarter revenue would grow in the "low-to-mid-twenties" year-over-year when adjusting for the divestiture of the logistics business, Shopify said.
Persons: Shopify Organizations: Shopify Commerce, Shopify Commerce Germany GmbH Locations: Shopify Commerce Germany, Berlin, Germany
NYPD officers in riot gear enter Columbia University's encampment as they evict a building that had been barricaded by pro-Palestinian student protesters in Los Angeles, United States on April 30, 2024. Shay Horse | Nurphoto | Getty ImagesStudents can lose housing and morePro-Palestine protesters locked arms after several demonstrators knocked fences down and opened the Massachusetts Institute of Technology (MIT) encampment back to student protesters during the demonstration. Rallies and protest camps persist at the Massachusetts Institute of Technology (MIT) campus as student demonstrators demand divestment from Israeli military ties. Federal loan bills could come earlierSuspended or expelled students may also get their federal student loan bills sooner than they expected, Kantrowitz said. If a suspension ends and a student returns to college before the six months, their grace period should reset, Kantrowitz said.
Persons: Shay Horse, Sally Kornbluth, Vincent Ricci, Martin Stolar, Kantrowitz, Ellen Granberg Organizations: Palestinian, Getty, Palestine, Massachusetts Institute of Technology, MIT, CNBC, George Washington University, American Civil Liberties Union of Indiana, Indiana University, U.S . Department of Education Locations: Los Angeles, United States, Kresge, New York, Gaza
Fg Trade | E+ | Getty ImagesThe popular Public Service Loan Forgiveness program began a partial processing pause on May 1, which will likely run through July, the U.S. Department of Education recently said. The temporary suspension comes as the Biden administration overhauls the once-troubled federal student loan program. Why the pause is happeningWhat borrowers can expect during the transitionThe Education Department will not review PSLF form submissions for roughly a two-month period, it says. Meanwhile, from May 1 through July, it says, "borrowers will not be able to see their PSLF payment counts on MOHELA's website." "During the transition, PSLF forgiveness will be suspended," said higher education expert Mark Kantrowitz.
Persons: Biden, Mark Kantrowitz Organizations: Public, U.S . Department of Education, Education Department
J. David Ake | Getty ImagesIf your current federal student loan servicer is Mohela, or the Missouri Higher Education Loan Authority, the U.S. Department of Education said it will soon transfer some student loan borrowers to different servicers. Change impacts Mohela borrowersThe Education Department began transferring a portion of Mohela's borrowers this week to different companies, it said in an April 29 blog post. "A different servicer will begin managing these loans and assisting these borrowers," the department said. The Education Department contracts with different companies to service its federal student loans, including Mohela, Nelnet and EdFinancial. Why the transfer is happeningWhat borrowers should do amid transitionBorrowers who are being transferred to a different servicer should receive alerts from Mohela and their new servicer, the Education Dept.
Persons: David Ake, servicer, Mark Kantrowitz Organizations: US Department of Education, Missouri Higher Education Loan Authority, U.S . Department of Education, Education Department, The Education Locations: Washington ,, Missouri, Mohela
The bill, called the Warehouse Worker Protection Act, is the first attempt to police warehouse quotas at the federal level, after similar laws have passed in states including California, New York, Washington and Minnesota. The legislation would require employers to be more transparent about workplace quotas and potential disciplinary consequences, and provide workers with at least two business days' notice of any changes to quotas or workplace surveillance. Wendy Taylor, a packer at an Amazon warehouse in Missouri, said during Markey's press conference on Thursday that she and others are "fighting for quota transparency." Taylor blamed Amazon's "inhumane work rates" for the injury, and added, "Amazon workers provide same-day shipping, but we can't even get the same-day care we deserve." WATCH: Amazon's worker safety hazards come under fire from regulators and the DOJ
Persons: Democratic Sen, Ed Markey, Markey, It's, Wendy Taylor, packer, Taylor, Amazon's Organizations: Democratic, Amazon, Health, Education, Labor, Pensions, Occupational Safety, Health Administration, OSHA, U.S, Attorney's, U.S . Department of Justice, DOJ Locations: California , New York, Washington, Minnesota, U.S, Missouri
A bipartisan push in Congress to enact a law cracking down on antisemitic speech on college campuses has prompted a backlash from far-right lawmakers and activists, who argue it could outlaw Christian biblical teachings. The House passed the legislation, called the Antisemitism Awareness Act, overwhelmingly on Wednesday, and Senate leaders in both parties were working behind the scenes on Thursday to determine whether it would have enough backing to come to a vote in that chamber. House Republicans rolled the bill out this week as part of their efforts to condemn the pro-Palestinian protests that have surged at university campuses across the country, and to put a political squeeze on Democrats, who they have accused of tolerating antisemitism to please their liberal base. But in trying to use the issue as a political cudgel against the left, Republicans also called attention to a rift on the right. members said they firmly believe that Jews killed Jesus Christ, and argued that the bill — which includes such claims in its definition of antisemitism — would outlaw parts of the Bible.
Persons: Jesus Christ Organizations: Republicans
“Anti-Israel protests on college campuses threaten Jewish students,” says the ad, which was shared first with CNN. While supporters of the legislation say it will help combat antisemitism on college campuses, opponents argue it overreaches and threatens to chill free speech. Some Democrats see the new investigative effort into college campuses and Johnson’s recent visit to Columbia University as a divisive political ploy. “Clearly it’s a very high priority for him,” GOP Rep. Frank Lucas of Oklahoma, the chairman of the House Science Committee, told CNN. House GOP Conference Chairwoman Elise Stefanik, who sits on the Education panel, is also expected to play a prominent role in the effort.
Persons: Mike Johnson, Johnson, speakership, ” Johnson, , , Marjorie Taylor Greene, Donald Trump, Nick Fuentes, Pramila Jayapal, Joe Biden, James Comer, Lisa McClain, Biden, “ I’ve, Frank Lucas of Oklahoma, Virginia Foxx, Elise Stefanik, Jim Jordan, Comer, ” Comer, ” CNN’s Haley Talbot Organizations: CNN, Republican, House Democratic, GOP, Louisiana Republican, Columbia University, Democrats, White, Department, Education, International Holocaust, Alliance, Columbia, Michigan, House Education, Workforce Committee, House Science, North Carolina, Yale University, University of California, University of Michigan, House GOP, New York Republican, Science, Republicans, George Washington University, Kentucky Republican Locations: Louisiana, Israel, Marjorie Taylor Greene of Georgia, Lago, Washington, Columbia, University of California Los Angeles, , Ohio
A general view of the atmosphere during The Art Institute of Atlanta commencement ceremony at Riverside EpiCenter on June 17, 2022 in Austell, Georgia. The Biden administration on Wednesday announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the once giant chain of for-profit schools. The relief will go to borrowers who enrolled at any of the dozens of Art Institute campuses across the country between Jan. 1, 2004 and Oct. 16, 2017. "We must continue to protect borrowers from predatory institutions — and work toward a higher education system that is affordable to students and taxpayers," Cardona added. said The Art Institutes falsified average salaries among graduates, among other abuses.
Persons: Biden, Education Miguel Cardona, Cardona, Serena Williams Organizations: Art Institute, Atlanta, Wednesday, The Art Institutes, U.S . Department of Education, Education Management Corporation, Art Institutes, Education, Finance, Treasury Department, Art Locations: Riverside, Austell , Georgia, Iowa , Massachusetts, Pennsylvania
Former Speaker Kevin McCarthy, who elevated Ms. Greene and turned her into one of his top allies during his abbreviated time in the top post, never criticized her publicly. But privately, he called Mr. Johnson and offered to intervene with her on his behalf, according to people knowledgeable about the exchange. Ms. Greene could not be controlled — even if her campaign against the speaker has left her isolated within her party. Mr. Jeffries, she said, had embraced Mr. Johnson with “a warm hug and a big, wet, sloppy kiss,” making them the joint leaders of what she refers to disdainfully as the “uniparty.”She did so knowing that her effort to depose Mr. Johnson was all but certain to fail. But Ms. Greene has never abided by the conventional rules of politics, where a loss on the House floor is considered a major defeat.
Persons: Kevin McCarthy, Greene, Johnson, Hakeem Jeffries, Jeffries, , , Mr Locations: New York
Amazon CEO Andy Jassy violated federal labor law in comments he made to media outlets about unionization efforts at the company, a National Labor Relations Board judge ruled Wednesday. NLRB Administrative Law Judge Brian Gee cited interviews Jassy gave in 2022 to CNBC's "Squawk Box," Bloomberg Television and at The New York Times' DealBook conference. At the DealBook conference, Jassy said that without a union the workplace isn't "bureaucratic, it's not slow." The NLRB filed the complaint against Amazon and Jassy in October 2022. But the Amazon chief's other remarks that employees would be less empowered and "better off" without a union violated labor law, "because they went beyond merely commenting on the employee-employer relationship."
Persons: Andy Jassy, Brian Gee, Jassy, Gee, Mary Kate Paradis, Paradis Organizations: National Labor Relations, NLRB, Bloomberg Television, The New York Times, CNBC, Bloomberg, Amazon Locations: Amazon's
A week after he broke with the majority of House Republicans and voted to send $60.8 billion in aid to Ukraine, Representative Max Miller took the stage at a performing arts center in his Ohio district bracing for backlash. Instead, Mr. Miller, a first-term congressman who spent four years in the White House as a top aide to former President Donald J. Trump, was greeted at a town hall-style meeting on Saturday in the city of Solon with a sustained round of applause. Several attendees stood to publicly thank him for his vote, and a line of locals queued up afterward to shake his hand. “Anything we can do to support the Ukrainian victory over the Russian invasion would be a positive thing for the world,” said Randy Manley, a retiree from Strongsville, Ohio, who said he planned to vote for Mr. Trump in November. More than 500 miles west, in Iowa City, Representative Mariannette Miller-Meeks, a vulnerable Republican who won her district by six points in 2020, had a similar experience.
Persons: Max Miller, Mr, Miller, Donald J, Trump, , Randy Manley, Mariannette Miller, Meeks Organizations: House Republicans, Mr, Republican Locations: Ukraine, Ohio, Solon, Strongsville , Ohio, Iowa City
urbazonSome student loan borrowers have until the end of Tuesday to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise. If these borrowers are enrolled in an income-driven repayment plan, it can mean that they're also on multiple different timelines to forgiveness. "This will ensure folks get the maximum number of months of credit towards student debt cancellation," Fox said. Usually, a student loan consolidation restarts a borrower's forgiveness timeline to zero, making it a terrible move for those working toward cancellation. You can apply for a Direct Consolidation Loan at StudentAid.gov or with your loan servicer.
Persons: Jane Fox, Fox, Mark Kantrowitz, Kantrowitz Organizations: Biden, Finance, Cash, Family, Parent, Perkins, CNBC
A House Republican said on Tuesday that he was drafting a resolution to formally rebuke Representative Ilhan Omar, Democrat of Minnesota, for recent comments in which she suggested that some Jewish students at Columbia University were “pro-genocide.”Representative Don Bacon, Republican of Nebraska, does not yet have a timeline for releasing his censure resolution against Ms. Omar, a spokeswoman said. But Mr. Bacon said the remark amounted to antisemitism from the congresswoman, a progressive firebrand and one of two Muslim women in the House, who has drawn criticism in the past for incendiary comments. “Folks can protest Israel, but don’t blame Jewish American students for Israel,” Mr. Bacon told Axios, which earlier reported his censure plans. “That is by definition antisemitism.”
Persons: Ilhan Omar, Don Bacon, Omar, Bacon, ” Mr, Axios, Organizations: Republican, Columbia University, , Israel Locations: Minnesota, Nebraska, Israel
Joseph Prezioso/AFP/Getty Images Pro-Palestinian protesters confront a Texas state trooper at the University of Texas in Austin on Monday, April 29. Brandon Bell/Getty Images Protesters link arms at Emerson College in Boston on April 24. Brian Snyder/Reuters House Speaker Mike Johnson speaks to the media on the campus of Columbia University after meeting with Jewish students on April 24. Alex Kent/AFP/Getty Images People watch from a window as New York University students set up a tent encampment on April 22. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.
Persons: Joe Biden’s, Donald Trump, Alex Kent, Biden, Andrew Bates, , Chuck Schumer, , Hind Rajab, Mike Johnson, ” Johnson, Trump, Benjamin Netanyahu’s, Mike Lawler, Israel –, Jared Moskowitz, Vermont Sen, Bernie Sanders, ” Moskowitz, Sanders, “ Bernie, Alexandria Ocasio, Cortez, “ Sen, Sanders ’, ” Ocasio, tikkun, , Ocasio, Joseph Prezioso, Suzanne Cordeiro, Cliff Owen, Qian Weizhong, David Dee Delgado, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Caitlin Ochs, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Kena Betancur, Josh Gottheimer, Dan Goldman, Richard Nixon, Netanyahu’s, Elizabeth Warren of, Bernie, , Warren, , Netanyahu, Israel, ” Sanders –, Sanders –, Democratic Sen, Chris Murphy of, who’s, ” Murphy, Elise Stefanik, ” Stefanik, CNN’s Donald Judd, Kevin Liptak, Annie Grayer Organizations: CNN, Israel Democrats, Capitol, Columbia University, Hamilton Hall, Getty, New York Democrat, College Democrats, America, Columbia, Republicans, Democrats, GOP, Jewish Democrats, Israeli, GOP Rep, Democratic, Florida, New York Rep, Hamilton, Columbia Students, Justice, Brown University, University of Texas, George Washington University, AP, University of California, UCLA, Getty Images, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Reuters, Austin, University, Emerson College, Swarthmore College, Bloomberg, Getty Images Police, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, New York Police Department, Occupy, Hamas, Democratic Party, Biden, White, International Court of Justice, Sunday, Fox News, New York, Republican Locations: Gaza, New York City, Columbia, Palestinian, , Gaza City, Palestine, New York, Vermont, Alexandria, Israel, Cortez, Providence , Rhode Island, AFP, Texas, Austin, Washington ,, Los Angeles, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, New Jersey, Washington, Elizabeth Warren of Massachusetts, “ State, Chris Murphy of Connecticut
For most of its 27 years as a public company, Amazon investors have been asked to sacrifice profit for growth. In its first-quarter earnings report on Tuesday, Amazon's operating margin reached double digits for the first time on record. Operating income more than tripled in the quarter to $15.3 billion, while net income also jumped more than 200% to $10.4 billion. Almost two-thirds of operating income for all of Amazon came from AWS, which is now generating over $100 billion in annualized revenue. Operating income will be $10 billion to $14 billion, up from $7.7 billion a year earlier.
Persons: Andy Jassy, Andy, Andy Jassy's, Tom Forte, CNBC's, Brian Olsavsky, Olsavsky, That's, Jassy, he's Organizations: Amazon, Seattle, Maxim Group, Revenue, Amazon Web Services, AWS, Technology, Microsoft, Google Locations: Seattle
Products are seen at an Amazon fulfillment center where they are being sorted and shipped out as same-day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center in Tampa, Florida, on Nov. 27, 2023. The company has said it wants to make same- and next-day delivery the standard, and it plans to double the number of same-day delivery facilities in the U.S. within the next few years. Amazon has already stood up more than 55 same-day delivery sites in the U.S., primarily clustered around major metro areas. Same-day sites also condense the fulfillment process, typically spread across multiple Amazon facilities under one roof. Amazon has bolstered investment in fast shipping as traditional retail rivals Walmart and Target have stepped up their delivery game.
Persons: Andy Jassy Organizations: U.S, Amazon, Amazon's, RBC Capital, Walmart, Target Locations: Tampa , Florida, U.S
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