Why Amazon is suddenly swimming in profit

In the fourth quarter of 2015, Amazon.com Inc. posted a profit of $482 million, more than double its previous highest-earning quarter. In the two quarters since, profits continued to rise, to $513 million in the first quarter and $857 million in the second quarter. In the first six months of 2016, the company‚Äôs combined profit … Continue reading Why Amazon is suddenly swimming in profit