Consumer spending, streaming propel Amazon to second straight quarter of more than $100B in revenue

Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter......»»

The S&P 500 hit a record high for the seventh straight session on Friday, its longest in over two years, as investor sentiment improved on progress in U.S.-China trade relations and strength in domestic consumer spending......»»

Although J.P. Morgan Chase & Co. beat total revenue expectations for an 11th-straight quarter, consumer and community banking .....»»

U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve's 2 percent target for a fourth straight month......»»

U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve's 2 percent target for a fourth straight month......»»

U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve's 2 percent target for a fourth straight month......»»

American Express Co. (NYSE: AXP) on Thursday posted financial results for its third quarter that surpassed estimates for both revenue and earnings. The New York-based company cited increased consumer spending in noting the results, which were relea.....»»

Amazon reported quarterly earnings today, beating sales and revenue projections. AMZN shares rose 3% after hours from AWS' AI-fueled growth. Spencer Platt/Getty ImagesAmazon reported first-quarter ea.....»»

Weaker Growth And Higher Inflation... Why Consensus Was Wrong Authored by Daniel Lacalle, The weak GDP figure for the first quarter came with a double negative. Poor consumer spending and .....»»

During Alphabet Inc.'s first quarter earnings, CEO Sundar Pichai projected that the company's YouTube and Cloud divisions would collectively reach a $100 billion revenue milestone by 2024. read more.....»»

Learn what Amazon is spending for new hires as it takes on Netflix, Disney+, and others in streaming. Maya Erskine and Donald Glover in "Mr. and Mrs. Smith."David Lee/Prime VideoAmazon is spending big .....»»

Shares of NortonLifeLock Inc. shot up 9.5% toward an 8-month high in afternoon trading Tuesday, enough to pace the S&P 500's gainers, after the consumer cyber safety company reported record fourth-quarter profit and revenue that beat expecta.....»»

Shares of ViacomCBS Inc. surged 2.9% in premarket trading Thursday, after the media and entertainment company reported first-quarter profit and revenue that rose above expectations, boosted by a 65% jump in streaming revenue. Net i.....»»

Amazon reported first-quarter profit of $8.1 billion, compared to $2.5 billion the year before. Revenue jumped 44% to $108.5 billion, and Amazon said revenue will remain at that level in the second quarter, in part b.....»»

The company reported net sales that were up 44% year over year. Amazon Web Services, its cloud business, also saw significant growth......»»

Increased sales of sneakers, luxury watches and trading cards helped propel a 42% increase in revenue year over year......»»

Consumer products giant beats earnings and revenue estimatesRelated Stocks: PG,.....»»

GLEN ALLEN, Va., March 16, 2021 /PRNewswire/ -- Highlights from Continuing Operations - Q4 2020 Compared to Q4 2019 Revenue increased 14.4% to $234.0 million, driven by continued strong consumer demand in the US and Canadian consumer markets as well .....»»

Shares of fuboTV Inc. were down 3% in extended trading Tuesday after the live-sports streaming service reported spikes in quarterly revenue and subscribers. The company said fourth-quarter revenue nearly doubled.....»»

An increase in the minimum wage would increase consumer spending—and business revenue- by billions of dollars......»»