Amazon posts $75bn first-quarter revenues but expects to spend $4bn in Covid-19 costs

Earnings in first three months equivalent to $33m an hourCompany says it will spend on PPE, cleaning and higher wagesAmazon emerged as one of the big winners of the coronavirus pandemic on Thursday, announcing it had revenues of $75.4bn in the first three months of the year – over $33m an hour. Related: Coronavirus US live: intelligence report concludes Covid-19 was not 'manmade or genetically modified'Continue reading...