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Andrea Hunter, president of the United Steelworkers Detroit local, wrote in an Aug 1 letter informing members of the layoffs, "If current market conditions continue, more layoffs unfortunately will be announced."

And, while some were unhappy with the selection of products for sale, or how fast they sold out, Amazon easily cleared out masses of unsold inventory. In the final tally, Amazon said it sold more units on Prime Day than its biggest Black Friday sale ever, as customers ordered a whopping 34.4 million items at a clip of 398 per second.?Prime Day won’t be a part of tomorrow’s?results since it fell outside the quarter.

And before?that,?Lurie was likely better known for being the go-between for AT&T and Apple leading up to the historic launch of the original iPhone.

Analysts from China Merchants Securities wrote in a note that sales of baijiu during the Spring Festival holiday, which is the peak season for this product, were as per expectations.

Analysts said that the Chinese smartphone market is expected to see a reshuffle as smartphone consumption slows down with almost all Chinese people owning at least one mobile phone.