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"While company reported 2Q results ahead of guidance on higher take-rate, weaker 3Q guidance and removal of FY GMS outlook suggest no near-term visibility," the analyst wrote. Etsy stock is 20% lower on the year but has increased 16% since July 8. Positively, AmEx did see slightly better [small or midsize enterprise] spend in Q2'24," wrote analyst Donald Fandetti. Bank of America lifted its price target to $563 from $555, while Citi increased its target to $580 from $555. Its price target of $220, up from $175, implies upside of 23% from Wednesday's close.

Persons: Morgan Stanley, Robinson, Brian, Ossenback, — Lisa Kailai Han, Oppenheimer, Jason Helfstein, Etsy's, Etsy, Helfstein, he's, Lisa Kailai Han, Wells, David Lantz, Lantz, Carvana, Raymond James, Brian Vaccaro, Vaccaro, AmEx, Donald Fandetti, Fandetti, Goldman Sachs, Ross Sandler, Andrew Percoco, Fred Imbert Organizations: CNBC, GE, JPMorgan, Carvana, TAM, Management, American Express, America Express, Meta, Wall Street, Goldman, Citi, Barclays, Bank of America, Google, GE Vernova, General Electric Locations: C.H, Etsy, Wingstop, Wells Fargo, Q2'24, 2H24, Wednesday's

☆ Live updates: Amazon to report quarterly earnings today after market close
▼ + stars: | 2024-08-01 | by ( Joe Ciolli | Matthew Fox | ) www.businessinsider.com time to read: +1 min

Amazon reports second-quarter earnings after the closing bell on Thursday. Investors expect solid growth in both Amazon's AWS cloud unit and its massive retail operation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmazon will report second-quarter earnings on Thursday after the closing bell. Amazon's stock was up 23% year-to-date through Wednesday's close, outpacing the the S&P 500 's 16% gain.

Persons: — Organizations: Service

☆ I'm 30 years old and only make enough money to cover the essentials. I rely on my parents to pay for fun things.
▼ + stars: | 2024-08-01 | by ( Zach Moser | ) www.businessinsider.com time to read: +4 min

As much as I may enjoy them, I don't need them the same way I need to pay rent and buy groceries. Related storiesIt's not rent or utilities or the many things I'm fortunate enough to be at least able to afford. The author — pictured with his mom and sisters — relies on his parents financially for fun things. I don't buy a lot of groceries, mostly rice, cheese, and occasionally eggs. But when my parents are here, I'm ordering the Weissbeer that's new on the draft list for a limited time only.

Persons: Miller, —, It's, it's, I'm, they've Organizations: Service, Gatorade, CVS Locations: Wawa, It's

☆ With Strife at Home, Security Concerns Grow for Israeli Olympians in Paris
▼ + stars: | 2024-08-01 | by ( Talya Minsberg | Johnatan Reiss | ) www.nytimes.com time to read: +1 min

Israeli athletes who had already been moving around the Paris Games with a security apparatus befitting a head of state can expect heightened protection after the recent assassinations of Hezbollah and Hamas leaders caused security officials to fear for the athletes’ safety. On Saturday, a rocket from Lebanon hit a soccer field in Majdal Shams, an Arab Druse village in the Israeli-controlled Golan Heights. Israel blamed the deadly rocket attack on Hezbollah, which denied responsibility. On Tuesday, an Israeli airstrike killed a Hezbollah commander near Beirut, the Lebanese capital, in retaliation. Before traveling to Paris, Israeli athletes reported receiving anonymous emails that threatened, “we intend to repeat the events of Munich 1972.”

Persons: Israel, Ismail Haniyeh, “, ” Shmulik, ” Organizations: Paris Games Locations: Lebanon, Majdal Shams, Arab, Golan, Israel, Beirut, Iran, Munich, Gaza, Paris

☆ Palestinian homes were destroyed ‘for revenge,’ says Israeli soldier who served in Gaza
▼ + stars: | 2024-08-01 | by ( Ami Kaufman | Bianna Golodryga | ) edition.cnn.com time to read: +12 min

At least 1,200 people were killed, and more than 250 others abducted in the assault, according to Israeli authorities. Israeli military action in the strip has killed nearly 40,000 Palestinians and injured over 90,000, according to Gaza’s Ministry of Health. A view of destruction in Khan Younis, in southern Gaza, on December 17, 2023, after weeks of Israeli bombardment. Mahmud Hams/AFP/Getty Images/File‘We don’t care enough’ about Palestinian livesThe war in Gaza has caused widespread material destruction to homes, infrastructure, hospitals and schools. “We’ve seen a lot of destruction that was not necessarily related to military reasons.

Persons: Yuval Green, Green, –, I’m, ” Green, …, ’ Green, Khan Younis, ”, “, Khan Younis …, We’re, Mahmud Hams, “ We’ve, Ahmad Hasaballah, ” “, ‘ I’m, Israel’s, Menahem Kahana, I’ve, Organizations: CNN, Israel Defense Forces, Hamas, Gaza’s Ministry of Health, United Nations, West Bank, Getty, IDF, ” CNN, Military, Investigation Locations: Gaza, Israel, Israeli, Khan, AFP, “, Rafah, Palestine

☆ Track Keeps Banning Drug Cheats. It Worries That Other Sports Are Not.
▼ + stars: | 2024-08-01 | by ( Tariq Panja | ) www.nytimes.com time to read: 1 min

The announcements of track and field’s latest doping case or multiyear suspension arrived on an almost weekly basis this spring. The most immediate consequence, according to the official charged with pursuing doping violations in the sport, has been to create the impression that track has a serious doping problem, one perhaps much bigger than that of other sports in the Paris Olympics. The reality, he said, is that catching athletes who break the rules is the point. “I would be much more concerned to be a fan of other sports that don’t have any doping cases,” said Brett Clothier, the Australian lawyer who leads the Athletics Integrity Unit, the body charged with catching track’s doping cheats. “Having no cases doesn’t mean no doping.”

Persons: “, ”, Brett Clothier Organizations: Paris Olympics, Athletics Integrity Unit Locations: Paris

☆ Eaton shares get dragged down in the market selloff despite a nice beat and raise
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

ETN YTD mountain Eaton YTD Shares of Eaton, which specializes in electrical components and power management systems, opened lower after a 6% gain in Wednesday's broader market rally. Data center energy demand drove record sales in Eaton's Electrical Americas and Electrical Global. Record sales were also recorded in Aerospace. Quarterly commentary While cash flow results were short of expectations, both operating cash flow (up 11% to $946 million) and free cash flow (up 10% to $759 million) represented second-quarter records. Operating cash flow is expected at $4.2 billion to $4.4 billion, and free cash flow is expected at $3.6 billion versus estimates of $4.4 billion operating cash flow and $3.56 billion free cash flow.

Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Management, Revenue, LSEG, Electrical, Aerospace, Electrical Global, Hannifin, DuPont, Honeywell, DD, CNBC, Eaton Corporation, NYSE Locations: Eaton, North America

☆ Biden weighs more US defenses for Israel as the region prepares for Iranian retaliation
▼ + stars: | 2024-08-01 | by ( Oren Liebermann | ) edition.cnn.com time to read: +4 min

CNN —President Joe Biden is weighing more US defenses in the Middle East as the US prepares for an Iranian retaliation against Israel that officials say could include an attack on American forces. The statement did not detail what new deployments would occur ahead of an anticipated Iranian attack in response to the assassination of Hamas leader Ismail Haniyeh in Tehran. The officials said an Iranian response could occur in the coming days. Israel Defense Forces spokesman Rear Adm. Daniel Hagari said that “international partners” have bolstered their forces in the region, though he did not specify which countries. The US is expecting the anticipated Iranian attack may be similar to the barrage of ballistic missiles and drones launched against Israel on April 13, officials said.

Persons: Joe Biden, Benjamin Netanyahu Thursday, Biden, Ismail Haniyeh, Theodore Roosevelt, “ We’re, Benjamin Netanyahu, ” Biden, Joint Base Andrews, Haniyah, ”, Daniel Hagari, Israel’s, Jordan, Hassan Nasrallah, Israel, Haniyeh Organizations: CNN, Israeli, Pentagon, US Central Command, Navy, USS, Marine, Joint Base, Islamic Revolutionary Guard Corps, Israel Defense Forces, Defense, Israel Locations: Israel, Tehran, Gulf of Oman, Aden, Lebanon, Iraq, Syria, Iranian, Jordan, Iran, Beirut, East

☆ Amazon’s advertising business grew 20% in the second quarter
▼ + stars: | 2024-08-01 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Amazon's online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts' estimates. Amazon disclosed the latest quarterly financial results of its online advertising unit on Thursday when it reported its second-quarter earnings. The company's online advertising unit is still small relative to its core online retail business, but it is quickly growing and changing the digital advertising industry, in which Meta and Alphabet still dominate. On Wednesday, however, Meta reported second-quarter earnings that beat expectations and indicated that the company has rehabilitated its advertising technology. Indeed, Meta said second-quarter overall sales, the bulk of which comprises advertising, increased 22% year over year to $39.07 billion.

Persons: Meta Organizations: Amazon, Apple

☆ DoorDash shares pop 13% on second-quarter revenue beat
▼ + stars: | 2024-08-01 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background. Shares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results that beat analysts' expectations for revenue. It narrowed its net loss to $157 million, or a loss of 38 cents per share, from $170 million, or a loss of 44 cents per share, during the same period last year. The delivery service company said it received 635 million total orders in the quarter, up 19% year over year. For its third quarter, DoorDash said it expects to report Marketplace GOV between $19.4 billion and $19.8 billion.

Persons: DoorDash Locations: San Francisco

☆ OpenAI has been on a UK hiring spree and poached a key DeepMind researcher
▼ + stars: | 2024-08-01 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Read previewOpenAI announced last June it would open a corporate office in London, marking the AI firm's first international expansion. When OpenAI announced its London expansion, it placed its first non-US office on the doorstep of Google's DeepMind, one of its biggest rivals in artificial intelligence. An analysis of LinkedIn data reveals that OpenAI has been on a UK hiring spree in recent months and has even poached a key player from DeepMind. AdvertisementLast year, Google combined its DeepMind unit with its core AI group to form the rebranded Google DeepMind. In April, OpenAI backer Microsoft announced it would also open a separate AI hub in London, upping the ante in the war for AI talent.

Persons: —, OpenAI, Google's, Thibault Sottiaux, Sottiaux, It's, OpenAI's Organizations: Service, DeepMind, Business, Meta, Google, Microsoft Locations: London, OpenAI, Dublin

Learn moreThe LG G4 is one of the most stunning premium displays I've tested. Judged against other 2024 models, the LG G4 is easily one of the best TVs you can buy for top-notch image quality. But the G4 is technically the best OLED TV LG has ever made. LG 65-inch G4 OLED 4K TV The G4 is one of the most impressive OLED TVs we've tested, but its benefits over last year's more affordable G3 are subtle. Steven Cohen/Business InsiderThe LG G4 delivers high-end image quality that's a clear step above cheaper TVs.

Persons: It's, HLG, Steven Cohen, I'm, you'll, steadying, it's, webOS Organizations: Business, LG, Amazon, Walmart, Dolby, HLG Smart, Sony, Samsung, Google, Disney, Luna

☆ Apple's earnings beat puts it on sure footing ahead of next month's AI iPhone launch
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

However, the expected AI-driven boom in new iPhone sales does represent a clear positive catalyst on the near-term horizon. Products iPhone sales were down slightly in the quarter. Services All-time revenue record, with an all-time record set in developed markets and a June quarter record set in emerging markets. Services are expected to grow at a double-digit rate similar to the rate seen in Apple's fiscal 2024 first quarter. A person poses holding the original iPhone and the new iPhone 15 outside the Fifth Avenue Apple Store in New York City ahead of the launch of Apple’s new iPhone 15, Sept. 22, 2023.

Persons: Apple, iPhones, Tim Cook, we're, Luca Maestri, AirPods, Maestri, Cook, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, Apple Intelligence, . Research, MacBook Air, iPad, Apple Watch, Services, CNBC, Getty Locations: Greater China, China, Spain, Poland, Mexico, Indonesia, Philippines, New York City

☆ Sonya Massey’s mom called 911 to report her daughter was having a mental breakdown the day before she was killed
▼ + stars: | 2024-08-01 | by ( Emma Tucker | ) edition.cnn.com time to read: +9 min

Please.” It’s unclear whether the deputies who responded the next day knew about her mental health concern. On July 5, Massey and her mother, Donna Massey, called 911 at different times, according to Sangamon County records. In a news conference, Massey’s family and their attorney Ben Crump said she had mental health challenges. You can go get it but that’s a headshot.”Officers trained to recognize mental health crisesLaw enforcement experts tell CNN officers are trained in recognizing whether they are dealing with someone who might be experiencing a mental health crisis. The officers could have asked more questions to determine Massey’s mental state and asked whether she’s receiving social services before using deadly force, experts said.

Persons: Sonya Massey, Sean Grayson, Jack Campbell, Massey, Donna Massey, “, Ben Crump, ” Crump, ” Massey, Breonna Taylor, Atatiana Jefferson, Crump, Massey’s, –, Sonya Massey –, she’s, Vincent Alban, everybody’s, ”, Grayson, Jesus, ” Grayson, I’m, he’s, Steven Snodgrass, Grayson “, Dave Campbell, ” Grayson’s, ” CNN’s Eric Levenson, Bill Kirkos, Raja Razek, Sarah Dewberry, Brad Parks Organizations: CNN, New Mount Pilgrim Missionary Baptist Church, Reuters, ”, John’s, Massey, Authorities, Illinois State Police, International Association of Chiefs, Police, Virden Police, Auburn Police Department, Sangamon County Sheriff’s Office Locations: Illinois, Springfield, Sangamon County, Springfield Monday, Chicago , Illinois, St, Macoupin, Logan

☆ How Satya Nadella created a 'learn-it-all' culture at Microsoft to help it become a $3 trillion powerhouse
▼ + stars: | 2024-07-31 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Read previewWhen Satya Nadella took over as CEO of Microsoft in 2014, he was on a mission to transform the company's culture. A decade later, it's clear that Nadella followed his own counsel as he seeks to establish Microsoft as a dominant force in AI. So, by 2016, Microsoft ditched its mobile business and sold the Nokia phone line to follow Nadella's new vision for the company. This cemented Nadella's vision to build up its open-source software offering, solidifying Nadella's vision to boost Microsoft's open-source software offerings. CFO Amy Hood said on Tuesday that Microsoft's AI bets will be monetized "over 15 years and beyond."

Persons: —, Satya Nadella, Nadella, Steve Ballmer, Ballmer, Kevin Scott, Bill Gates, OpenAI, Bing, Nadella isn't, Mustafa Suleyman, Suleyman, Carol Dweck's, Amy Hood Organizations: Service, Microsoft, Business, Nokia, Work Conference Locations: reenergize, OpenAI, ChatGPT

“We were never asked what we’d seen or where we were from Secret Service. “Before this incident, I would have thought Secret Service is, like bulletproof. The Beaver County officials were part of a multi-jurisdictional team assisting the Secret Service for Trump’s July 13 rally. The Secret Service has not responded to questions for comment from CNN. A federal law enforcement official familiar with the matter said the Secret Service was and has been in touch with the lead for the Butler Emergency Services Unit, which oversaw the Beaver County local law enforcement officers and others that day.

Persons: Robert Rowe, Donald Trump’s, Thomas Matthew Crooks, Nate, Patrick Young, Rowe, ” Young, “, we’d, Crooks, you’re, Young, Trump, Butler, ” Rowe, they’d, ”, Greg Nicol, Bible, Nicol Organizations: CNN, Emergency Services Unit, Service, Secret, Secret Service, Trump’s, Trump, Butler Emergency Services Unit, Beaver Locations: Pennsylvania, Beaver County, Beaver, Butler , Pennsylvania, Butler

☆ DuPont's recovery gains speed with another catalyst for the stock still looming
▼ + stars: | 2024-07-31 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

DuPont's water and protection segment may have seen a year-over-year decline in sales, but what matters most is that revenue was up 8% sequentially. Notably, DuPont's Water Solutions and Tyvek medical packaging businesses in China — an economy that's lately been a thorn in the side of so many companies — helped drive the quarter-over-quarter expansion. While there's been speculation that DuPont's water business is attracting interest from peers, management said the company has not had conversations about an outright sale. The range for operating EBITDA was raised to $3.06 billion to $3.11 billion, up from $2.9 billion to $3.05 billion previously. DuPont's third-quarter guidance of roughly $3.2 billion in sales, $815 million in operating EBITDA and adjusted EPS of $1.03 essentially matched expectations.

Persons: FactSet, EBITDA, DuPont's, Jim Cramer, —, It's, Ed Breen, Breen, DuPont, there's, Jim Cramer's, Jim, Jim Graham Organizations: DuPont, PPG Industries, Club, Devices, Solutions, Federal Reserve, Wall, Electronics, Semi Tech, CNBC, Bloomberg, Getty Locations: China, Asia Pacific

☆ Iran Has Accused Israel of Assassinations on Its Soil Before
▼ + stars: | 2024-07-31 | by ( Qasim Nauman | ) www.nytimes.com time to read: +3 min

Hamas and Iran on Wednesday accused Israel of assassinating Ismail Haniyeh, one of the Palestinian militant group’s most senior figures, in Tehran. Iran and Israel have fought a covert war for years, blaming each other for sabotage, abductions and targeted killings across the region. Tehran has also accused Israel of past assassinations inside Iran. Mr. Fakhrizadeh was one of Israeli intelligence’s top targets for years, and Iran angrily accused Israel of killing him. He wasn’t the first scientist linked to the nuclear program to be attacked on Iranian soil.

Persons: Israel, Ismail Haniyeh, Mr, Haniyeh, Mohsen Fakhrizadeh, Fakhrizadeh, Sayad, Khodayee, Qassim Suleimani, Ayoub, Kamran Aghamolaei Organizations: Revolutionary Guards, Islamic Revolutionary Guards Corps, Quds Force Locations: Iran, Tehran, Israel, U.S, United States, Iraq

☆ Boeing names new CEO after losses more than triple
▼ + stars: | 2024-07-31 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Boeing announced Robert “Kelly” Ortberg, the former CEO of supplier Rockwell Collins, will be its new CEO, effective August 8, replacing retiring Boeing CEO Dave Calhoun, who has been under fire for the company’s problems. Serious problems to solveOrtberg will have his hands full fixing the problems at Boeing, which has not posted a profitable year since 2019. It recently agreed to plead guilty to charges that its employees defrauded the Federal Aviation Administration during the original certification process for the 737 Max. The company has come under renewed scrutiny since a 737 Max plane’s door plug blew off shortly after takeoff in January. But that will keep the losses building at Boeing as it can’t make money at its current level of production.

Persons: Robert “ Kelly ” Ortberg, Rockwell Collins, Dave Calhoun, Ortberg, I’m, ”, ” Ortberg, Dennis Muilenburg, “ Kelly, Steven Mollenkopf, ” Rockwell Collins, Max Organizations: New, New York CNN, Boeing, Texas Instruments, United Technologies, Collins Aerospace, Federal Aviation Administration, FAA, Air Force Locations: New York

☆ Meta shows aggressive spending on AI is already paying off in big earnings beat
▼ + stars: | 2024-07-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run. Both trends were cited as the main drivers behind Meta's revenue outperformance in the quarter. Zuckerberg added that AI is opening the door to new experiences and opportunities, especially with Meta AI, which is powered by the company's large language model that is often referred to as Llama. Zuckerberg said he believes Meta AI will be the most used AI assistant in the world by year end. Management now sees capex in the range of $37 billion to $40 billion, up from its prior range of $35 billion to $40 billion.

Persons: China's ByteDance, — Zuckerberg, Zuckerberg, we'll, Ray, Jim Cramer's, Jim Cramer, Jim, Mark Zuckerberg Organizations: Revenue, LSEG, China's, Meta, Investment, Facebook, Realty Labs, VR, Management, CNBC, Press, AFP, Getty Locations: United States, U.S, Tokyo

☆ Meta’s Reality Labs posts $4.5 billion loss in second quarter
▼ + stars: | 2024-07-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. As part of the company's second-quarter earnings report on Wednesday, Meta's Reality Labs unit, which houses augmented and virtual reality technologies, recorded an operating loss of $4.48 billion. In September, Meta debuted the Quest 3 VR headset, which has a starting price of $499. Zuckerberg has pointed to advances in artificial intelligence and related large language models as improving the capabilities of smart glasses. Meta's second generation of smart glasses went on sale in October with a starting price of $299.

Persons: Porte de Versailles, StreetAccount, Mark, Meta, Ray, Ban, Zuckerberg, Francesco Milleri Organizations: Viva Technology, Parc, Labs, Reality Labs, Apple, CNBC, Meta Locations: Paris, France, China

☆ Japan orders ‘drastic reforms’ for Toyota after fresh certification violations
▼ + stars: | 2024-07-31 | by ( ) edition.cnn.com time to read: +2 min

Tokyo Reuters —The Japanese government ordered Toyota Motor on Wednesday to make “drastic reforms” after discovering new violations in the automaker’s vehicle certification procedures. In a so-called corrective order, the Transport Ministry said on-site inspections had uncovered widespread, intentional misconduct and irregularities in seven additional models that had not been previously disclosed. Toyota and four other vehicle makers admitted in June they had submitted either flawed or manipulated data when applying for certification of vehicles. Toyota said it was planning to resume production of these models from the beginning of September after the Transport Ministry confirmed they met compliance requirements. The ministry said six of the seven additional Toyota models with irregularities were also certified in other countries, and it had alerted overseas authorities about the issues.

Persons: Noah, Voxy Organizations: Tokyo Reuters, Toyota Motor, Transport Ministry, Toyota, Corolla Fielder, Corolla, Lexus, Daihatsu, Lexus LM Locations: Tokyo

☆ Microsoft says OpenAI is now a competitor in AI and search
▼ + stars: | 2024-07-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. In the filing, Microsoft identified OpenAI, the creator of the ChatGPT chatbot, as a competitor in AI offerings and in search and news advertising. Microsoft CEO Satya Nadella reportedly wasn't briefed before OpenAI's board pushed out CEO Sam Altman in November. Suleyman, who had co-founded and led startup Inflection AI, was named CEO of a new unit called Microsoft AI, and several Inflection employees joined him. WATCH: OpenAI announces a search engine called SearchGPT

Persons: Satya Nadella, Sam Altman, OpenAI, It's, it's, wasn't, Altman, Nadella, Mustafa Suleyman, Suleyman, Sam Organizations: Microsoft, Apple, Google, Meta, OpenAI, Bing, CNBC, New York Times Locations: San Francisco, OpenAI

☆ Carvana beats Wall Street's second-quarter expectations, guides toward record year
▼ + stars: | 2024-07-31 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Shares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall Street's expectations for the second quarter and disclosed expectations for record adjusted earnings of at least $1 billion for 2024. The company's previous guidance for the year included a "sequential increase in adjusted EBITDA" for the second half of the year, but did not supply a dollar amount. If Carvana meets its 2024 earnings target, it would mark the company's third annual EDBITDA profit, including 2023's record of $339 million. Adjusted EBITDA was $355 million and adjusted EBITDA margin was 10.4%, both company records. The second-quarter results continue a massive turnaround for Carvana following Wall Street fears of bankruptcy for the company in early 2022.

Persons: Carvana, Ernie Garcia, Mark Jenkins Locations: Daly City , California

☆ 'Gaining share': Here's what Wall Street expects from Amazon's 2nd-quarter earnings
▼ + stars: | 2024-07-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

Wall Street expects the retail giant to report adjusted earnings per share of $1.47 in the quarter and revenue of $148.78 billion, according to data from Bloomberg. Here's what Wall Street expects from Amazon's upcoming second-quarter earnings report. While the US consumer is showing signs of softening, the bank expects Amazon's retail unit to be a beneficiary from the current economic environment. "AWS sales, in constant currency, may meet consensus' high-teens view," Bloomberg Intelligence said. AdvertisementThe analysts also said Amazon's advertising revenue could continue to grow at a "20%-plus pace as Amazon takes market share."

Persons: —, Wall, Goldman Sachs, Amazon's, Rufus Organizations: Service, Bloomberg, Business, Bank of America, of America, 1Q, " Bank of America, Citi, Amazon, 2Q, JPMorgan, Bloomberg Intelligence Locations: America, North America

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