Recode Daily - Amazon and Google made Wall Street really, really happy - Jul 29, 2016

Amazon recorded its fifth consecutive quarterly profit, and its third straight record-setting profit. Amazon Web Services, the company's cloud computing division, is basically minting money at this point: The unit accounted for 56 percent of Amazon's operating income, and it grew 58 percent in the last quarter. [Jason Del Rey | Recode] Google parent company Alphabet also had a good quarter, beating Wall Street expectations on the growth of its non-advertising business, which grew 33 percent. Like Amazon, a lot of that money is coming from its cloud services division. [Mark Bergen | Recode] Hillary Clinton is officially the Democratic nominee. She gave a long speech last night that included lines meant to win over everyone from Bernie Sanders supporters to disaffected Republican voters. The election is in 101 days, and her first debate against Donald Trump is in 60. [Patrick Healy and Amy Chozick | The New York Times] Yahoo is officially part of Verizon, and Marissa Mayer won't be there too much longer. On the new episode of Too Embarrassed to Ask, Lauren Goode talks with Kara Swisher about Yahoo's long decline, and what the next stage of its life will look like. [Eric Johnson | Recode] Apple has hired Dan Dodge, the guy who used to run Blackberry's automotive software division, to join its own car effort, Project Titan. Cupertino is also reportedly changing its strategy, focusing more on self-driving software and less on building its own electric car. [Mark Gurman and Alex Webb | Bloomberg] Microsoft Surprise! Microsoft found 2,850 more jobs to cut as it continues its retreat from the phone business. By Ina Fried The company has now shed nearly all of the Nokia mobile phone business that it acquired in April 2014. Apple Apple is finally opening up a store in Brooklyn — and it looks just like you imagine it would By Noah Kulwin It's Apple's first retail location in the borough of 2.6 million people. Recode Decode Full transcript: 'Hamilton' lead producer Jeffrey Seller on Recode Decode By Kara Swisher The hit Broadway musical is not coming to virtual reality any time soon. Google Google Fiber plans to use cheap wireless tech to beat the cable guys By Mark Bergen CFO Ruth Porat gives the unit a shout-out. Commerce Uber confirms its partnership with Amazon's India rival, Snapdeal By Jason Del Rey Uber wants to be everywhere, which increasingly means being in other apps. Google Self-driving cars, Fiber and Alphabet's other non-Google moonshots lost $859 million this past quarter By Mark Bergen and Noah Kulwin Both revenue and losses increased a bit. In which Werner Herzog learns about Pokémon Go The Verge's Emily Yoshida talked with director and famed curmudgeon Werner Herzog about film school, Pokémon Go and a bunch of other stuff. It's a hysterical interview. Observe: "When two persons in search of a pokémon clash at the corner of Sunset and San Vicente is there violence? Is there murder?"              News Podcasts Events You are receiving this email because you subscribed to Recode Daily. If you would like to unsubscribe, click here. Mailing Address: Vox Media, 1201 Connecticut Ave. NW, Washington, DC 20036 Copyright © 2016 Vox Media, Inc.

 

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