Amazon caps big week of tech earnings, Bafin’s Binance probe
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 30 April 2021
⏱️ 12 minutes
🧾️ Download transcript
Summary
Amazon reported its second straight quarter of $100bn-plus sales, comfortably beating Wall Street’s targets, and the FT’s Elaine Moore looks at Apple’s results, which were boosted by iPhone sales. Also, the US government this summer will start sending monthly child allowances in an experimental effort to reduce child poverty. Plus, the FT’s markets editor explains how the big cryptocurrency exchange, Binance, landed itself in trouble with German regulators.
Amazon reaps rewards of pandemic shift online
https://www.ft.com/content/a2b05040-3164-46f3-8bd5-399e6214ea74
Apple: supercharged iPhone sales signpost $3tn valuation
https://www.ft.com/content/eee8bca7-e7fb-4506-a0e2-579fa707de81
US embarks on first national child allowance experiment
https://www.ft.com/content/cc2a0d8c-123e-4d36-b01a-55cd8a23a166
Regulators to examine crypto exchange Binance’s foray into equities
https://www.ft.com/content/cfbd084f-a118-4090-8301-2e45eceac304
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. Today is Friday, April 30th, and this is your FT News Briefing. |
| 0:09.0 | Amazon's first quarter earnings blew through expectations. Apple also hit new highs this week |
| 0:15.0 | and we'll look at the iPhones role in that. A big cryptocurrency exchange called the Binance |
| 0:20.0 | is in trouble with German regulators and we'll look at the Biden administration's experiment |
| 0:25.0 | with child allowance checks. |
| 0:27.0 | Researchers at Columbia University have said it will actually cut child property by about 50%. |
| 0:34.0 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:43.0 | Amazon said its first quarter profits more than tripled to $8.1 billion. |
| 0:49.0 | Driving earnings were deliveries, cloud services, and its advertising business, |
| 0:53.0 | which itself had revenues of nearly $7 billion. Almost half of Amazon's operating income |
| 0:59.0 | came from the company's cloud services division that received a boost from the shift to working from home. |
| 1:05.0 | Amazon shares rose nearly 3% and after hours trading on Thursday. |
| 1:15.0 | Apple also came out with Red Hot first quarter earnings this week. |
| 1:19.0 | The world's most valuable publicly listed company recorded double digit growth. |
| 1:24.0 | A lot of that came from iPhone sales, both in China and in the US. |
| 1:28.0 | Our Lex columnist Elaine Moore has some thoughts on this. |
| 1:31.0 | Elaine, let's start with the numbers. Pretty impressive, right? |
| 1:35.0 | Yeah, I don't even know if there are superlatives enough to describe it. |
| 1:38.0 | Sales are up 54% in this quarter compared to the same quarter last year. |
| 1:42.0 | And you think about the fact that Apple is the biggest company in US markets. |
| 1:47.0 | So this isn't some small start-up that's racing ahead and got a new product |
| 1:51.0 | and putting all of its money towards growth. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.