Air quality advisories issued in 5 provinces, 1 territory
Air quality advisories are in effect across Western Canada as smoky conditions plague some areas, according to the latest forecasts. Here's where.
Amazon's final quarter with Jeff Bezos as CEO proved to be a disappointment for Wall Street.
The e-commerce giant on Wednesday posted US$113.1 billion in revenue during the three months ended June 30, an increase of 27% from the same period in the prior year but falling short of the $115.2 billion analysts had expected. It also marks a slowdown from the 40% sales growth Amazon posted during the second quarter of 2020, despite the fact that Prime Day fell during the June quarter this year.
Amazon is also forecasting weaker sales growth in the upcoming quarter. The company predicts net sales will increase between 10% and 16% from the prior year. That would mark a notable slowdown compared to the 37% sales growth it reported in the third quarter of 2020.
Amazon shares fell more than 7% in after-hours trading following the earnings report, effectively shaving off more than $100 billion from the company's market value.
Bezos stepped down as CEO earlier this month and became executive chair. Andy Jassy, the longtime head of Amazon's cloud computing division, replaced him as CEO.
Despite the sales miss, profits beat expectations at $7.8 billion, thanks in part to the performance of Jassy's AWS, which posted more than $4 billion in profit for the quarter.
But the mixed results highlight the challenge Jassy now faces in the top spot to maintain Amazon's remarkable sales and profit growth that turned it into one of the world's most valuable businesses. Preserving the company's growth rate could be especially tricky after demand for its products and services exploded during the COVID-19 pandemic as customers and businesses leaned on Amazon's services.
Amazon's guidance highlighted multiple risks to the company, including the possibility that consumers would cut back on spending if the economy takes a hit as COVID-19 surges again. It also noted the risk of "actions taken by governments" in response to the pandemic.
Amazon is a target, along with fellow big tech giants, of a slate of new antitrust bills proposed last month by House lawmakers that could make it easier for regulators to disrupt or break up Amazon's many different business units.
Air quality advisories are in effect across Western Canada as smoky conditions plague some areas, according to the latest forecasts. Here's where.
After receiving a DNA kit one Christmas from his son-in-law, Hugh McCormick soon discovered that he had six unknown siblings, with whom he shared the same birth parents.
Four years on, the controversy over whether airlines owed refunds to passengers after cancelling hundreds of thousands of flights during the pandemic continues to simmer, aggravated by a sluggish, opaque complaints process.
Many foods fall under the category of ultraprocessed foods, depending on their exact ingredients. This type of food has been studied a lot lately, and the results aren’t great.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
A new study projecting declining rates of cancer cases and deaths in Canada demonstrates the success of prevention and early detection programs, but also highlights areas where more work is needed to save and prolong lives, researchers say.
The star prosecution witness in Donald Trump's hush money trial is set to take the stand Monday with testimony that could help shape the outcome of the first criminal case against an American president.
Millions of Indians across 96 constituencies began casting their ballots on Monday as the country's gigantic, six-week-long election edges past its halfway mark. Prime Minister Narendra Modi is seeking a third straight term with an eye on winning a supermajority in Parliament.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
English, history, entertainment, math and geography: high school trivia teams could be quizzed on any of it when they compete at the Reach for the Top Nationals in Ottawa in June.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.