Ottawa pizzeria places among top 20 deep-dish pizzas in the world at international competition
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
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.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
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.
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
Police are searching for a suspect in a homicide investigation after a man was slashed in downtown Toronto on Sunday.
This Mother's Day Weekend, take a look at some of the most emotional movies inspired by moms.
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
The fire burning near Fort McMurray grew from 25 hectares to 5,500 hectares over the weekend.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
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.
The stakes have been set for a bet between Vancouver and Edmonton's mayors on who will win Round 2 of the Stanley Cup playoffs.
A grieving mother is hosting a helmet drive in the hopes of protecting children on Manitoba First Nations from a similar tragedy that killed her daughter.