Amazon Disregarded Internal Warnings on Injuries, Senate Investigation Claims
A staff report by the Senate labor committee, led by Bernie Sanders, uncovered evidence of internal concern about high injury rates at the e-commerce giant.
A staff report by the Senate labor committee, led by Bernie Sanders, uncovered evidence of internal concern about high injury rates at the e-commerce giant.
The company, which dominates the market for chips used to build artificial intelligence, expects another big jump in the current quarter.
The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.
Sales for the iPhone maker were up 6 percent to to $94.93 billion. But a $14.4 billion tax bill cut profits that would have topped expectations.
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.
The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.
The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.
The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.
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