'A beautiful soul': Funeral held for baby boy killed in wrong-way crash on Highway 401
A funeral was held on Wednesday for a three-month-old boy who died after being involved in a wrong-way crash on Highway 401 in Whitby last week.
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.
A funeral was held on Wednesday for a three-month-old boy who died after being involved in a wrong-way crash on Highway 401 in Whitby last week.
There has been a "sophisticated" cybersecurity breach detected on B.C. government networks, Premier David Eby confirmed Wednesday evening.
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
U.S. President Joe Biden said for the first time Wednesday he would halt shipments of American weapons to Israel, which he acknowledged have been used to kill civilians in Gaza, if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah.
Rookie goalie Arturs Silovs will start in net for the Canucks as Vancouver kicks off a second-round series against the Edmonton Oilers Wednesday night.
One of the Indian nationals accused of murdering British Columbia Sikh activist Hardeep Singh Nijjar says in a social media video that he received a Canadian study permit with the help of an Indian immigration consultancy.
Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal.
Quebec Premier Francois Legault is defending his comments about a new history museum after he was accused by a prominent First Nations group of trying to erase their history.
Independent U.S. presidential candidate Robert F. Kennedy Jr. had a parasite in his brain more than a decade ago, but has fully recovered, his campaign said, after the New York Times reported about the ailment.
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.
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
A P.E.I. lighthouse and a New Brunswick river are being honoured in a Canada Post series.
An Ontario man says he paid more than $7,700 for a luxury villa he found on a popular travel website -- but the listing was fake.
Whether passionate about Poirot or hungry for Holmes, Winnipeg mystery obsessives have had a local haunt for over 30 years in which to search out their latest page-turners.
Eighty-two-year-old Susan Neufeldt and 90-year-old Ulrich Richter are no spring chickens, but their love blossomed over the weekend with their wedding at Pine View Manor just outside of Rosthern.
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A mother goose and her goslings caused a bit of a traffic jam on a busy stretch of the Trans-Canada Highway near Vancouver Saturday.