Shares of the company fell 5 percent to $1,635 after the bell. Amazon's "other" businesses, which is mostly online advertising, funnily enough, amounted to $3.4bn, up 95 per cent. Amazon Web Services - Amazon's cloud hosting platform that powers a significant chunk of the public internet - generated $7.430 billion Dollars (roughly $9.75 billion CAD) in Q4 2018.
As for what to expect of the Model Y , Tesla has only released a few shadowy teaser images that show its basic shape, but Musk said that it will share about 75 percent of its parts with the Model 3 sedan. This month Tesla also started building a Gigafactory in Shanghai. This will reduce the costs of producing the Model Y, says Musk - further working towards the EV maker's goal to produce EVs at an affordable price.
The self-proclaimed Democrat-socialist unseated a well established Democrat in a shocking primary upset previous year. Newly elected Rep. Alexandria Ocasio-Cortez (D-N.Y.) tried to claim this week that her infamous suggestion in 2018 that Israelis are occupying Palestine was "doctored".
Asked what would prompt another rate hike, Powell said: "I would want to see a need for further rate increases, and for me, a big part of that would be inflation". After nine increases since the end of 2015, its target for the federal funds rate - the basis for the cost of credit card borrowing and auto loans - stood at 2.25 percent to 2.5 percent, compared with 0.5 percent three years ago.
USA and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy. "Those are separate issues", Treasury Secretary Steve Mnuchin told U.S. media ahead of the talks. However, China can make some meaningful progress immediately to break the ice, he wrote in a report.
Niti Aayog vice chairman Rajiv Kumar , who mounted the government's defence on the jobs numbers on Friday, seemed to suggest that the numbers have to be approved by the Cabinet. And critics say the government's claims of economic success have sounded increasingly hollow. The survey is the first solid assessment of the country's employment status since November 2016, when Modi jolted the nation with demonetisation , the report stated.