BIDEN EXPLAINED TO XI HIS CORE CONCERNS ABOUT CHINA'S ECONOMIC PRACTICES BUT DID NOT DISCUSS ANY POTENTIAL LIFTING OF U.S. TARIFFS ON CHINESE PRODUCTS - SENIOR U.S. OFFICIAL— zerohedge (@zerohedge) July 28, 2022
Amazon posts $2 billion loss for the second straight quarter as shoppers return to stores rather than online retail and Apple profits fall 11% as it grappled with supply constraints and shutdowns in China
Amazon on Thursday announced a $2 billion loss, as consumers abandoned online shopping to return to their high street stores
Apple saw its profits drop by 11 percent as they continued to confront supply chain problems caused by the pandemic
Amazon’s sales for the second quarter were expected to be $119.1 billion, but the actual figure was $121.2bn
Apple’s sales for the quarter were predicted to be $82.8 billion, and $1.16 a share; on Thursday they announced $83.0 billion in sales, and $1.20 per share