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Business

Amazon profit trounces estimates, sales forecast muted

Amazon.com Inc on Thursday trounced first-quarter profit estimates on soaring demand for its cloud and advertising services, but a weak forecast renewed concern that the company would spend away part of its windfall on larger investments this year.

Business Video

Facebook users care less about privacy than regulators

Facebook Inc is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter.

S&P 500 nudges lower as industrials drag

The S&P 500 closed just barely lower on Thursday, as a dive in industrial stocks and concerns about slowing global growth eclipsed gains in Facebook and Microsoft.

T-Mobile profit jumps, beats estimates; subscriber additions cited

T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street's estimates, the company said on Thursday, citing competitively priced wireless plans that enabled it to substantially boost the number of net new phone subscribers who pay a monthly bill.

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