Heavy expenses weigh on Q2 earnings
Amazon.com Inc. (NASDAQ: AMZN), the world’s largest online retailer, missed analyst expectations for the second straight quarter after it posted wider-than-expected losses of $126 million in Q2, more than double of what was predicted. The loss in Q2 was the biggest since Q3 of 2012, when Amazon posted a $274-million loss.
Euro falls to eight-month low against USD
The EUR fell to its eight-month low against the US dollar on Friday, July 25, 2014, over the divergence in monetary policy between the European Central Bank (ECB) and other central banks.