Amazon (AMZN) says it never planned to display the cost associated with tariffs, as claimed in a recent report, after the White House called the move "a hostile and political act." CFRA Research senior equity research analyst Arun Sundaram joins Market Domination with Julie Hyman and Josh Lipton to discuss the impact of tariffs on Amazon, ahead of the company's first quarter results after the closing bell on Thursday.
The White House press secretary, Karoline Leavitt, attacked the retail giant over a report that suggested Amazon would highlight tariff-related price increases. Amazon said it was “not going to happen.
The first 27 satellites in Amazon's effort to create a space-based internet network have finally made it to orbit, paving the way for the company to attempt to compete with Elon Musk's well-established Starlink service.
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Internet Retail Industry | Consumer Cyclical Sector | Mr. Jeffrey P. Bezos CEO | XMUN Exchange | US0231351067 ISIN |
US Country | 1,551,000 Employees | - Last Dividend | 6 Jun 2022 Last Split | 15 May 1997 IPO Date |
Amazon.com, Inc. is a multinational conglomerate that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It was founded in 1994 and has its headquarters in Seattle, Washington. Amazon has established itself as a leader in the online retail world, providing an extensive range of consumer products, advertising solutions, and subscription services. The company operates on a global scale, with key market segments in North America and International territories, along with its Amazon Web Services (AWS) sector, which offers advanced cloud computing solutions. Amazon's mission encompasses the retail sale of consumer products and services through online and physical outlets, manufacturing of electronic devices, content production, and provision of a platform for sellers, content creators, and developers.