An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York Brendan McDermid/Reuters Amazon stock surged 11% on Friday after investors cheered its second-quarter earnings results and a better-than-expected third-quarter sales outlook.The e-commerce giant posted strong annual revenue growth of 33% in its AWS cloud segment.“Despite…
Monthly Archives: July 2022
Footage shared by the Ukrainian Defense Ministry thanking the US for its donation of HIMARS. Ukraine Ministry of Defense Ukraine’s fight against Russia now involves HIMARS, a long-range weapons system from the US. Ukraine says used it to kill a Russian general and destroyed 50 ammunition depots. A military expert told Insider HIMARS is the…
The Federal Reserve building. Getty Images Voyager Digital was ordered by the Federal Reserve and the FDIC to stop saying it or its customers were FDIC insured. Regulators are demanding Voyager remove any statements on the website, app, and social media implying otherwise. It’s another blow of the crypto brokerage, which filed for bankruptcy earlier…
If the bill is passed Tesla buyers could be eligible for the benefit. Contributor/VCG/Getty Images Buyers of Tesla and other EVs could be eligible for federal tax breaks under a new Senate deal. The bill lifts a tax break cap that excludes EVs made by firms which sell more than 200,000 cars per year. Previously…
In Uganda, 1 kilogram of cold-pressed East African shea butter can cost $12. When it’s exported, it costs more than four times that price. Also known as nilotica, the shea trees producing these nuts are found only in East Africa. When you hear “shea butter,” you probably think of the West African kind. But in…
China’s currency has fallen sharply this week. Future Publishing/Getty Images Chinese investors are parking excess liquidity in safe areas of the financial system, Bloomberg reported. Instead of letting yuan flow to the real economy, the money is ending up in bank bonds and corporate debt. Chinese funds are also heading for the US dollar, helped…
Workers add the huge roof tarpaulins on the wooden structure at a beer tent on July 8 2022, in Munich. Photo by Peter Kneffel/picture alliance via Getty Images A German politician said she may suggest that Munich cancel Oktoberfest this year. The famed festival — which draws millions — is set to return after a…
This year’s Booker Prize longlist includes four new authors, as well as the oldest and youngest people to ever be nominated. Anna Kim/Insider When you buy through our links, Insider may earn an affiliate commission. Learn more. The Booker Longlist (13 forerunners for the prestigious book award) was announced on July 25, 2022. The 2022…
Samsung vowed to make foldable phones mainstream last year, and so far, more and more people have been embracing the form factor. In fact, the tech giant previously said that more people switched brands for the Galaxy Flip 3 than for its flagship devices. The company is set to unveil its next foldable phones in…
YouTube has introduced a new tool that makes it easier for creators to turn regular videos into Shorts, it announced in a community update. If you have any of your own videos loaded up, you’ll see a new tool under “Create” called “Edit into a Short” right inside the main app. It lets you select…