Amazon’s Profit Is Up 38% on Strong Performance
After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead. Source link
A Top Trump Official Had to Sell His Stock. He May Have Saved Millions.
Frank Bisignano, who holds top jobs at the Social Security Administration and the I.R.S., sold his stake in Fiserv before the company’s stock cratered this week. Source link
Puck Acquires Air Mail, a Newsletter Merger for the Well-Heeled Inbox
Graydon Carter, the legendary Vanity Fair editor who founded Air Mail, is leaving the company. Source link
Apple’s iPhones Fuel Record Sales and Profit
The company’s revenue rose to above $100 billion in the quarter for the first time, and profit soared 86 percent. Source link
In China Truce on Tariffs and Rare Earths, National Security Controls Are Bargaining Chip
Some analysts say Beijing won a major victory in its trade talks: Getting the U.S. to withdraw a national security measure that previously was not under discussion. Source link
A Month Without Data Muddles the Economic Picture
Tariffs and uncertainty were already making the economy hard to read. The loss of government data during the shutdown has made the situation much worse. Source link
Trump Rule Could Ban Some Public Servants From Student Loan Forgiveness
A new rule could disqualify certain employers from the Public Service Loan Forgiveness program that are deemed to be engaged in “illegal activities.” Source link
Judge Skeptical Over Trump Administration Decision to Suspend Food Stamps
The arguments at times appeared to frustrate the judge, who promised to rule soon on a suit filed by roughly two dozen states seeking to ensure people don’t go hungry as a result of a budgetary dispute. Source link
Magnetic waves may explain the sun’s super-hot atmosphere, new study finds | Technology News
A recent study has uncovered new insights into a long-standing mystery: why the Sun’s outer atmosphere, or corona, is so much hotter than its surface. While the Sun’s surface temperature, the photosphere, hovers around 10,000°F (5,500°C), the corona reaches a scorching 2 million°F (1.1 million°C). Led by solar physicist Richard Morton from Northumbria University, the … Read more
Soybean Farmers Find Relief in U.S. Trade Truce With China
President Trump said China would end its boycott and resume buying millions of tons of American soybeans. Source link