Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth 
Paramount Skydance Clears Regulatory Hurdles for Warner Bros. Discovery Deal 
Trump Pauses 50% Canada Tariffs for Three Days as U.S. Trade Deal Takes Shape 
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside 
Foreign U.S. Treasury Holdings Fall as Japan, UK and China Cut Positions 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
Asian Currencies Rise as Dollar Hovers Near Multi-Month Lows 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts 
UK Wage Growth Holds at 3.5% as Unemployment Rises 
Add as a preferred source on Google
Amazon posted $113.1 billion in revenue during the three months ended June 30, falling short of the $115.2 billion analysts had expected.
While figures for the second quarter, the final with Jeff Bezos as CEO, is a 27 percent increase from the same period last year, it was a slowdown from the 40 percent sales growth.
Prime Day, which fell during the second quarter this year, was expected to have lifted Amazon's revenue to the analysts' forecast level.
Amazon also forecasts net sales will increase between 10 percent and 16 percent from the prior year, which would be a notable slowdown from the 37 percent sales growth it reported in the third quarter of 2020.
Despite the sales miss, profits surpassed expectations at $7.8 billion, due partly to the performance of CEO Andy Jassy's Amazon Web Services, which posted over $4 billion in profit for the quarter.
Jassy, the longtime head of Amazon's cloud computing division, replaced Bezos as CEO in July.
Preserving Amazon's growth rate could be a challenge after the demand for its products and services soared during the pandemic.
