Amazon and Google made Wall Street really, really happy | Recode Daily: July 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]