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Amazon stock tanks after weak earnings, massive fine

Amazon shares tanked after the company warned it expects sales growth to slow as the pandemic wanes, while at the same time it got slapped with a record fine from the European Union.  The Seattle-based e-commerce giant’s stock dropped more than 7.5 percent to 3,327.59 at Friday’s close after it logged a weaker-than-expected performance during […]

Apple stock falls over chip shortage despite strong earnings

Apple knocked investors’ expectations out of the park with a strong second quarter earnings report Tuesday evening — but the company’s stock fell sharply on Wednesday morning as the company warned that supply constraints will hurt future sales. Apple shares were trading down about 2.8 percent shortly at as low as $142.71 shortly after market […]