Amazon’s Q2 Earnings Showcase Impressive Sales and Profit Surge, Fueling Stock Surge

Amazon (AMZN) has once again demonstrated its prowess in the global market as its second-quarter earnings report reveals a substantial surge in sales and profits. The e-commerce giant’s performance has not only exceeded expectations but has also sent its stock soaring in after-hours trading, adding to its remarkable year-to-date rise.

Spain Antitrust Watchdog Slaps Amazon and Apple with $218 Million Fine for Collusion and Anti-Competitive Practices

Amazon and Apple, two of the biggest names in the tech industry, have been slapped with hefty fines by Spain’s antitrust regulator. The fines, amounting to a total of €194.1 million ($218 million), were imposed due to allegations of colluding to stifle competition on the Amazon website in Spain. The regulatory body, known as CNMC, stated that the companies had signed contracts in 2018 that included anti-competitive clauses, ultimately impacting the online market for electronic devices in Spain.