Despite strong holiday sales, some retailers' stocks are on the decline. Rising wages at companies like Amazon play a role, and are hitting companies where it hurts --- their profits. WSJ's Ken Brown explains. Photo composite: Heather Seidel/WSJAmazon.com Inc. recorded its third straight record profit, but uncertainty in India and other worrisome trends threaten to undermine the retailer’s growth. For the all-important holiday quarter, Amazon reported its profit topped $3 billion for the first time, jumping 63% from a year earlier.

Source: Wall Street Journal January 31, 2019 21:15 UTC