October 1, 2023

Amazon shares hit record high as profit tops $2 billion for first time

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From Newsmax Shares of Amazon.com Inc. rose 4 percent to hit an all-time high after the online retailing giant’s quarterly profit topped $2 billion for the first time, powered by its best operating margin in 13 years. Wall Street analysts cheered the broad-based strength in the results and overlooked the retailer’s decision to tap the […]