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Amazon's gloomy earnings forecast overshadows better-than-expected results

cnbc.com Annie Palmer 2025-12-12 10:57:49

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. Amazon shares slid more than 3% in extended trading on Thursday after the company reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $1.68 vs. $1.33 estimated $1.68 vs. $1.33 estimated Revenue: $167.7 billion vs. $162.09 billion esti

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US Court nullifies FTC requirement for click-to-cancel

news.ycombinator.com Unknown 2026-01-26 16:42:39

A federal appeals court today struck down a "click-to-cancel" rule that would have required companies to make cancelling services as easy as signing up. The Federal Trade Commission rule was scheduled to take effect on July 14 but was vacated by the US Court of Appeals for the 8th Circuit. A three-judge panel ruled unanimously that the Biden-era FTC, then led by Chair Lina Khan, failed to follow the full rulemaking process required under US law. "While we certainly do not endorse the use of unf

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Court nullifies “click-to-cancel” rule that required easy methods of cancellation

arstechnica.com Unknown 2026-01-27 10:06:42

A federal appeals court today struck down a "click-to-cancel" rule that would have required companies to make cancelling services as easy as signing up. The Federal Trade Commission rule was scheduled to take effect on July 14 but was vacated by the US Court of Appeals for the 8th Circuit. A three-judge panel ruled unanimously that the Biden-era FTC, then led by Chair Lina Khan, failed to follow the full rulemaking process required under US law. "While we certainly do not endorse the use of unf

Topics: 100 estimated ftc rule said
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Nearly 12 million people would lose health insurance under Senate GOP bill

arstechnica.com Unknown 2026-02-13 15:37:24

The Senate Republicans' version of President Trump's tax bill would slash federal spending on health provisions—Medicare, Medicaid, and the Affordable Care Act—by $1.1 trillion by 2034. And in that time, an estimated 11.8 million people would lose their health insurance. That’s according to an analysis released over the weekend by the Congressional Budget Office. The massive piece of legislation is likely to change as senators are currently running a "vote-a-rama" for rapid-fire amendment propo

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