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Some of the biggest U.S. technology companies reported mixed quarterly earnings on Thursday, a day after their CEOs were grilled by lawmakers over their market power and alleged monopolistic practices.The staggering economic fallout caused by the coronavirus pandemic was reflected in reports from Amazon, Apple, Facebook and Google s corporate parent, Alphabet. Amazon p stanley cup osted blowout results, with revenue for the quarter soaring 40% to $88.9 billion as Americans turned online for everything from household goods to entertainment. Grocery sales tripled from last year, and Prime members watched twice as many videos as they did one year ago, Chief Financial Officer Brian Olsavsky said on an earnings call. Amazon s profits ro stanley cup ughly doubled to $5.2 billion. The company, which has now over 1 million employees, also plans to expand its facilities, which are projected to grow 50% this year, Olsavsky said. Big Fi stanley cup ve tech companies expand amid economic crisis 06:44 This phenomenal set of results from Amazon underlines how much shopping habits shifted during the pandemic period both in the U.S. and around the world, Neil Saunders, an analyst at GlobalData Retail, said in a note. Given Amazon s extensive offer and its solid presence in many markets, it was Gokf House approves bill to permanently bar oil drilling off Atlantic and Pacific coasts
President Trump announced Friday he has agreed to fund and reopen the gov crocs ernment for three weeks, teeing up an end to the longest shutdown in American history. The government officially reopened Friday night when Mr. Trump signed the bill passed by Congress.But hundreds of thousands of federal employees going without pay won t be paid immediately. There s a process for that.So, here s what comes next. How the process to reope adidas campus n government will goThe president has agreed to sign a three-week continuing resolution, meaning, legislation that funds the shuttered federal departments at current levels through Feb. 15.Senate Minority Leader Chuck Schumer, speaking on the Senate floor, said the longest shutdown will end today. We expect the continuing resolution to clear the House and be signed by the president today, Schumer said.And the Senate passed legislation shortly thereafter. The House is expected to do the same. It s unclear exactly when the president will sign the legislation, although he is expected to sign it before air max the day is out.If that all happens as planned, thousands of federal workers would return Monday, if not sooner. Less clear is how long it would take for things like museums to reopen. When federal workers will get paidThe short answer to how long it will take for federal workers to get paid is ... it s not entirely clear yet.The president said federal workers will get back pay quickly or as soon as p