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Bloomberg Daybreak: Asia Edition
Amazon's Big Beat, Binance's Zhao Receives Sentence
May 1, 2024
Arun Sundaram discusses Amazon's earnings report, Benny-Morrison talks about Binance's founder receiving a prison sentence, and Bill Adams previews the FOMC meeting. They cover Amazon's financial performance, Binance's legal issues, and the current economic challenges and AI integration.
20:17
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Quick takeaways
- Amazon's improved operating margins demonstrate efficiency measures driving stock growth and increased free cash flow.
- Changpeng Zhao's reduced prison sentence emphasizes the importance of regulatory compliance in the crypto industry.
Deep dives
Amazon AWS Growth and Margins
Amazon's standout quarter highlighted a 17% growth in its AWS line, outperforming Microsoft and Google. The company's operating margins showed a remarkable increase reaching 38%, the highest in its history. This improvement in operating margins, driven by efficiency measures, propelled Amazon's stock, generating about $70 billion in free cash flow despite increased capital expenditures.
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Discover
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