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US News Amazon: disappointing forecasts for one of the big winners of the pandemic

08:25  30 october  2020
08:25  30 october  2020 Source:   pressfrom.com

Amazon opens nursery school

 Amazon opens nursery school © AFP The founder of Amazon has contributed 2 billion euros to his charitable fund dedicated to education. The first school funded by billionaire Jeff Bezos opened Monday, October 19 in the United States. The project, which aims to be charitable, is puzzling. Jeff Bezos is definitely full of surprises. After founded Amazon , which made him the richest man on planet , the entrepreneur now wants to make class in the United States.

Since the start of the virus outbreak in the United States eight months ago, consumers have turned increasingly to Amazon for delivery of groceries Amazon has continued to reap the rewards of a society increasingly dependent on ecommerce — a trend further fueled by the COVID-19 pandemic .

Amazon is the undisputed leader of this industry in America and, according to Bloomberg data, accounted for 39% of the U.S. online market Even without Covid-19, which was classified as a global pandemic by the World Health Organization on Wednesday, Amazon was doing a commendable job

Amazon : des prévisions décevantes pour l'un des grands gagnants de la pandémie © Amazon Amazon: disappointing forecasts for one of the big winners of the pandemic The e-commerce giant continued to profit from the related restrictions to the Covid-19 crisis, even if its forecasts disappoint.

Amazon took full advantage in the third quarter of the surge in online commerce and teleworking since the start of the Covid-19 pandemic, but its forecasts somewhat disappointed Wall Street, which made the group one of the big winners of the containment measures. For the current quarter, which includes the big “Prime Day” sales operation which exceptionally took place in October this year, and the holiday season, the group expects an operating profit of between 1 billion and 4.5 billion. Analysts were expecting $ 5.8 billion, according to Factset. The share was down 1.1% in electronic exchanges following the close of the New York Stock Exchange.

A new simulator is supposed to predict how many corona cases there will be in all federal states - and how difficult they will be

 A new simulator is supposed to predict how many corona cases there will be in all federal states - and how difficult they will be The number of infections with the coronavirus in Germany has been increasing for a few weeks. Several areas already exceed the risk value. How will it go on? How many cases do we have to expect by the end of the year? A research team from Saarbrücken has now developed an online simulator , which is supposed to predict exactly that. On the basis of various data, the researchers developed a mathematical model that can be used to create detailed forecasts for each federal state.

Are Aldi and Amazon the key? These are the unexpected winners of the grocery wars. The results topped estimates from Wall Street analysts. They do not include Amazon 's Prime Day event, which took place October 13-14 this year after being postponed over the summer because of the pandemic .

Altria, like many of the so-called ‘sin stocks,’ is one of the market’s dividend champions, with a long history of reliable, high-yielding payments. Yes, shares in Zoom Video have soared during the coronavirus crisis. But post- pandemic , what's the outlook for Zoom stock as Wall Street looks ahead?

>> To read also - Wave of hiring at Amazon for the holidays

The group of Jeff Bezos, first world fortune according to the magazine Forbes, however made a lot of money in the third quarter, its net profit having tripled to $ 6.3 billion. Adjusted per share and excluding exceptional items, the benchmark for North American investors, its profit amounted to 12.37 dollars, well above the 7.4 dollars expected by analysts.

The turnover of the e-commerce giant, which says it has created 400,000 jobs since the start of the year worldwide, soared 37% over the period to reach $ 96.1 billion , details a press release published Thursday, October 29. While containment measures have made Amazon even more popular and ubiquitous in the daily lives of millions of people, revenue from the sale of its items on the internet has increased by 38% while the sale of items from third-party companies. using its platform increased by 55%.

A new simulator is supposed to predict how many corona cases there will be in all federal states - and how difficult they will be

 A new simulator is supposed to predict how many corona cases there will be in all federal states - and how difficult they will be The number of infections with the coronavirus in Germany has been increasing for a few weeks. Several areas already exceed the risk value. How will it go on? How many cases do we have to expect by the end of the year? A research team from Saarbrücken has now developed an online simulator , which is supposed to predict exactly that. On the basis of various data, the researchers developed a mathematical model that can be used to create detailed forecasts for each federal state.

Amazon has continued to reap the rewards of a society increasingly dependent on ecommerce — a trend further fueled by the COVID-19 pandemic . REITs are required to return a certain percentage of profits directly to shareholders, and dividends are one of the surest means of compliance.

JULIE HYMAN: --which of the majors do you think has the highest likelihood of disappointing investors with But post- pandemic , what's the outlook for Zoom stock as Wall Street looks ahead? Is ZM stock a Altria, like many of the so-called ‘sin stocks,’ is one of the market’s dividend champions

>> To read also - The giant Amazon warehouse near Rouen on track

With the rise of teleworking, companies and individuals have also increased the use of "cloud" services (remote computing) such as the one offered by Amazon, AWS, whose turnover increased by 29%. "While it was clear that the pandemic-related move to e-commerce would keep Amazon's revenue high, the group surprised by easily surpassing an already high bar," commented Andrew Lipsman, analyst for eMarketer. Importantly in his eyes, Amazon has recorded "strong growth in the services provided to companies that sell products on its platform" as well as in its "high-margin advertising activities".

Jeff Bezos took advantage of the publication of these results to once again call on American companies to raise their minimum hourly wage to $ 15 in the United States, as millions more Americans fall into poverty. “Providing jobs with good pay and good health coverage, including entry-level employees and those on the front lines, is even more important in a time like the one we are going through,” he said.

Jeff Bezos cashes in again - and sells Amazon shares for $ 3 billion .
Jeff Bezos has sold another package of his Amazon shares valued at $ 3 billion. In 2020 alone, more than ten billion dollars flowed through share sales. © dpa Amazon boss Jeff Bezos has cashed in with shares again. In the corona crisis, Amazon is considered one of the big winners . The share price of the e-commerce group has grown by 70 percent since the beginning of the year. Market capitalization exceeds $ 1.6 trillion.

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