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“Others are now getting better at nibbling away at its dominance,” he said, citing Walmart (WMT.N), Target TFT.N and Macy’s (M.N). PROFITS AND THIRD-PARTY GOODS. Despite slower sales growth, Amazon has steadily become more profitable. Third-quarter net income rose to $2.88 billion, or $5.75 per share, from $256 million, or 52 cents per share, a year earlier. Up to 53 percent of goods sold on Amazon now come from third-party merchants, the company said on Thursday, marking a steady shift away from traditional retail where Amazon is the seller of a product.

That means the company is collecting less revenue but taking in a lucrative cut of others’ sales - all the more profitable when merchants pay Amazon to handle their shipping, Seller services grew 31 percent to $10.4 billion in the third quarter, “They’re indifferent if they sell us their own merchandise or third-party merchandise, so they shouldn’t be punished for the latter,” said Michael Pachter, an analyst at Wedbush Securities, More sellers are looking to Amazon to market their products, too - another highly profitable business, Amazon appeals to advertisers because individuals generally are using the site to shop, unlike users browsing Alphabet Inc’s (GOOGL.O) Google, divided two tone square cufflinks the ads sales leader, to find general information or rival Facebook Inc (FB.O) to see updates from their friends..

Amazon said revenue from the category and some other items grew 122 percent to $2.5 billion in the third quarter. Analysts were expecting $2.4 billion, according to Refinitiv data. Olsavsky, the CFO, also said the company is operating more efficiently, hiring less than in the past and adding less warehousing space. “We’ve really been able to cut back in a number of key areas,” Olsavsky told reporters, citing cost improvements for cloud unit Amazon Web Services as well. The world’s No.1 cloud business by revenue saw sales up 45.7 percent to $6.68 billion, narrowly edging past estimates of $6.67 billion.

HOUSTON (Reuters) - Oil prices rose 1 percent on Thursday, following the U.S, stock market higher a day after Wall Street’s biggest drop since 2011 and as Saudi Arabia’s energy minister signaled major producers may have to intervene in crude markets to support prices, Brent crude futures LCOc1 rose 72 cents to settle at $76.89 per barrel as U.S, equities rose amid strong corporate earnings, The global benchmark has lost almost divided two tone square cufflinks $10 a barrel since hitting a high of $86.74 on Oct, 3, U.S, crude CLc1 settled at $67.33, up 51 cents..

“We dropped precipitously on the idea global demand is going to slow,” said Gene McGillian, vice president of market research at Tradition Energy. “Now that equity prices are stabilizing, those fears are fading.”. The Dow Jones Industrial Average .DJI rose 1.6 percent and the benchmark S&P 500 stock index .SPX jumped 1.8 percent as companies such as software maker Microsoft Corp (MSFT.O), automaker Ford Motor Co (F.N) and social media company Twitter Inc (TWTR.N) reported strong third-quarter earnings, allaying some fears that slowing growth would hit oil demand. [.N].

“The stock market coming back is definitely cheering people who want to focus on the demand divided two tone square cufflinks side,” said Phil Flynn, an oil market analyst at Price Futures Group in Chicago, “It’s erasing fears that demand will fall off the map.”, Also lifting prices were comments by Saudi Arabia Energy Minister Khalid Al-Falih, who said there could be a need for intervention to reduce oil stockpiles after increases in recent months, Saudi Arabia’s OPEC governor said on Thursday the oil market could face oversupply in the fourth quarter..

“The market in the fourth quarter could be shifting towards an oversupply situation as evidenced by rising inventories over the past few weeks,” Adeeb Al-Aama told Reuters. Financial markets have been hit hard by a range of worries, including the U.S.-China trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy. “It’s too early to call this a rebound that can be sustainable,” said Tony Headrick, energy market analyst at commodity brokerage CHS Hedging LLC. “International demand and trade concerns are what the market is grabbing onto here.”.

(Reuters) - Google parent Alphabet Inc (GOOGL.O) on Thursday missed analysts’ quarterly revenue estimates for the first time in at least two years and reported continuing erosion of its operating margin, sending shares down almost 7 percent after hours, The tech company’s third-quarter results fanned investor concern that big investments in new businesses, increasing regulatory scrutiny and emerging competition are producing slow and unpredictable returns, Alphabet disclosed, for example, that passengers of divided two tone square cufflinks its self-driving Waymo minivans are now paying for rides, but the offering remains limited to the Phoenix, Arizona region and Waymo’s finances are not broken out..

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