Amazon and Apple are now worth more than the economies of countries such as Turkey and Switzerland.
Amazon.com Inc on Tuesday briefly joined Apple Inc to become the second $1 trillion (777.79 billion pounds) publicly listed USA company after its stock price more than doubled in a year as it grew rapidly in retail and cloud computing. In the second quarter, AWS booked $6.1 billion in sales (up 49%), and generated an operating income of $1.64 billion (up 79%).
Amazon founder Jeff Bezos is the world's richest man, worth over $150 billion. It has held above that level since October 27, 2017.
The milestone is another sign of Amazon's swift rise from an online bookseller to a behemoth that sells toilet paper, TVs and just about anything.
And while Amazon and Apple are now alongside one another in the $1 trillion category, look for Google parent company Alphabet and Microsoft to reach the monumental mark in the near future.
Amazon now trades up 74.0 per cent for the year to date.
Analysts expect Apple's revenue to jump 14.9 percent in its fiscal year ending in September, according to Thomson Reuters data, a hefty rise but still far short of Amazon's expected revenue growth of 32 percent for 2018.
John McCain’s memorial service in Washington D.C.
Friends, family and former presidents gathered Saturday at Washington National Cathedral to honor the life of the late Sen. McCain's family asked before his death that Trump, who the senator had long feuded with, not attend his funeral services.
In October 2017, the excise duty on petrol was reduced by Rs 2 per litre, the first such reduction by the current BJP government. This came at a time when India's crude oil imports from Iran had increased by 52 percent in June 2018.
Juventus manager Massimiliano Allegri has backed Cristiano Ronaldo to break his scoring duck for the club after the global break. We, the coaches make sure our defences are well prepared and no team will gift you anything. "Absolutely top.
Croatia worldwide midfielder Luka Modric won both the midfielder of the year and overall best player awards. Liverpool have a stiffer task. face Paris Saint-Germain for the first time in over 20 years.
In the women's draw, Madison Keys eased into the quarter-finals with a 6-1, 6-3 victory over Slovakia's Dominika Cibulkova. The last Japanese woman to reach the final eight in a Grand Slam had been Shinobu Asagoe at the 2004 U.S.
The suspension is part of a broader pullback in military aid for Pakistan announced by the Trump administration in January. This, along with other moneys withheld from Pakitan in the past, brings the total cut over the past year to $800 million.
The Chicago Bears are expected to pull off a whopper of a trade the likes of which the team hasn't seen in about a decade. For months Khalil Mack has been silent as he holds out in hopes the Oakland Raiders give him a massive new contract.
Television footage showed high waves crashing into breakers and flying debris in areas where the storm made landfall. Typhoon Jebi made landfall in the west of the country, bringing heavy rain and winds of up to 216km/h (135 mph).
The test drive with Andy Wallace took place at the Ehra-Lessien facility in Germany, where the real Chiron was first tested . Even the car's curvaceous seats are also realistically recreated, through a series of panel, beam, and tile elements.
Trump would probably argue that he's saying no indictments should be handed down this close to an election, regardless of party. The latest presidential criticism of Mr Sessions with just over two months to go before the midterm elections.
Alisson joined Liverpool from Roma for a then world-record fee for a goalkeeper of £66.8million in July. But it's still early in the season, we are not 100 percent stable to do the right things constantly.
Donaldson has played in just 36 games this year, as the third baseman is dealing with a nagging hamstring injury. The 32-year-old Donaldson was the league's top player in 2015, when he batted.297 with 41 homers and 123 RBIs.
Former Arizona Senator Jon Kyl to replace John McCain
McCain's opposition to repealing Obamacare was just one of many problematic moments for the Republican Party. McCain was a prisoner of war during the Vietnam War and spent more than five years as a POW in Hanoi.
China is not Africa’s new colonial power - Ramaphosa
China has become a major investment partner for South Africa in stimulating economic and social transformation and development. Debt from China's interest-free loans, due by the end of 2018, would be written off for some poor African states, Mr Xi said.
US cuts funding for UN Palestinian refugee agency
More than 700,000 Palestinians were forced from their land in the events leading to the establishment of the state of Israel. Earlier this year, the administration cut UNRWA's scheduled payment of $130 million to just $65 million.