Amazon.com Inc (NASDAQ:AMZN) shares fell 1.5% after the company's intention to lay out the costs of tariffs to customer on its website was labelled a "hostile piolical act" by the White House. President Trump's press secretary Karoline Leavitt called Amazon hostile based on reports that products on sale on the website will next to the price how tariffs affect the total cost.
The White House took aim at Amazon on Tuesday after the e-commerce giant reportedly prepared to directly display to consumers the price increases associated with President Donald Trump's tariffs, sending shares of the Jeff Bezos-founded retailer downward.
Amazon is bringing back its annual sales event, Prime Day, in July, the e-commerce giant said on Tuesday.
Amazon is reportedly looking for steep supplier discounts to offset the cost of U.S. tariffs. As the Financial Times (FT) reported Tuesday (April 29), the tech giant has asked for low double-digit price decreases from merchants in a range of categories, from homeware to consumer electronics.
Saks Fifth Avenue is launching a storefront on Amazon.com where it will sell high-end, designer products from Dolce&Gabana and Balmain in the e-commerce giant's latest foray into selling luxury goods, the companies said on Tuesday.
The e-commerce and technology giant Amazon (NASDAQ: AMZN) has been hard pressed by the 2025 tariffs, and AMZN stock has lost 20% of its value since the trade war started in earnest in early February.
Amazon needs to build up a credible contender to Starlink, the satellite-internet provider owned by Elon Musk's SpaceX.
I like Amazon (AMZN -0.59%). I'm a shareholder of the e-commerce and cloud services giant.
Amazon's first batch of production satellites launch toward low-Earth orbit, marking the biggest step to date in the company's effort to establish a business broadcasting internet connectivity from space. These craft are the first in a planned 3,236-satellite constellation that Amazon intends to use to sell internet connectivity to consumers as well as corporate and government clients.
Amazon (NASDAQ: AMZN) is a frontrunner to acquire TikTok's U.S.
Amazon.com Inc (NASDAQ:AMZN) is among the "Magnificent Seven" names hitting the earnings confessional this week, with first-quarter results due out after the close on Thursday, May 1.
Amazon.com Inc (NASDAQ:AMZN) will report its first quarter earnings on Thursday, May 1, and Bank of America analysts expect strong results and upbeat commentary from management, but warned uncertainty about tariffs and macroeconomic pressures could weigh on the company's second-quarter guidance. The bank's analysts forecast Q1 sales of $155.5 billion and earnings before interest and taxes (EBIT) of $17.8 billion, slightly above the Street's estimates.