Amazon May Not Have To Pay Any Federal Income Taxes This Year

Amazon, the tech behemoth, nearly doubled its profits to $11.2 billion in 2018 from $5.6 billion the previous year and, once again, is unlikely to pay any federal income taxes. How could a company with record U.S. profits for the year avoid paying taxes? The answer is a combination of existing tax rules that have … Read more Amazon May Not Have To Pay Any Federal Income Taxes This Year

Amazon’s profit more than doubled on a big jump in sales

The e-commerce company delivered its best quarterly profit ($3.56 billion) to date, beating analysts’ expectations. Its bottom line received a boost from its cloud-computing unit and advertising business, despite sluggish growth in its core online-retail business. Amazon is growing slower and earning more. Shares rose in premarket trading, propelling Amazon’s market value closer to $1 … Read more Amazon’s profit more than doubled on a big jump in sales

Microsoft Touches $1 Trillion Value

Apple got there first, then Amazon, and on Thursday, Microsoft became the third American company to reach a market valuation of $1 trillion. It was a brief achievement (Microsoft was valued at about $990 billion by the end of the day), but it underscores the remarkable recovery in technology stocks since their precipitous decline late … Read more Microsoft Touches $1 Trillion Value