Amazon's Profitable Cost-Cutting Initiatives

Amazon's CEO, Andy Jassy, successfully implements cost-cutting measures, leading to a significant earnings beat, with an anticipated profit of 65 cents per share. The company's core business of selling goods in North America shows a substantial turnaround, while its cloud business, AWS, experiences slower growth but remains optimistic about future growth. Amazon's shares surge nearly 7% in after-hours trading, reflecting the positive financial performance.