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The 5 Top Buys for May: Strong Signals at Critical Support Levels
MarketBeat· 2025-04-30 12:02
The five top buys for May have two things in common: leadership positions in technology and strong signals at critical support levels. These stocks corrected in late Q1 and early Q2 but have regained traction at critical levels and are firing solid entry signals for investors. These signals include increased volume, stochastic crossovers, MACD swings, and bullish activity aligning with long-term trends. The takeaway is that Magnificent Seven stocks like NVIDIA NASDAQ: NVDA, Amazon NASDAQ: AMZN, and Microsof ...
Amazon takes first step toward satellite internet service to rival Elon Musk's Starlink
New York Post· 2025-04-30 11:21
Amazon launched its first batch of satellites into orbit on Monday in the company’s first step toward rivaling Elon Musk’s Starlink satellite constellation.Amazon’s Project Kuiper sent 27 satellites up in a United Launch Alliance (ULA) Atlas V rocket from Cape Canaveral Space Force Station in Florida. The first batch of satellites will form the beginning of a mega constellation that will provide high-speed and affordable internet service to almost any location on Earth.Project Kuiper posted on X that the sa ...
Is AMZN stock in danger as Trump-Amazon tariff intensifies?
Finbold· 2025-04-30 11:17
Summary⚈ Amazon considered displaying tariffs on Amazon Haul, prompting backlash from Trump’s team.⚈ A phone call between Trump and Bezos reportedly resolved the brewing conflict.⚈ Despite tariff risks, analysts maintain a bullish $245.77 price target for Amazon stock.E-commerce and tech giant Amazon was considering adding a feature that would show buyers exactly how much the price they are paying is being increased by the White House’s tariff policies.The Trump administration was quick to respond — with pr ...
Amazon's first 27 internet satellites launch to space
TechCrunch· 2025-04-29 17:38
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. A United Launch Alliance (ULA) Atlas V rocket lifted off late Monday from the Cape Canaveral Space Force Station in Florida, delivering the satellites into orbit around the Earth. They are the first batch of what is expected to be a total of 3,226 Kuiper satellites in the network. Even that ...
Wall Street Lunch: White House Scolds Amazon
Seeking Alpha· 2025-04-29 17:35
lucky-photographer Listen below or on the go on Apple Podcasts and Spotify Press secretary calls notion of Amazon listing tariff costs ‘hostile and political.’ AMZN denies the plan. (0:15) Trade deficit balloons in March, could lead to GDP drop. (1:46) Consumer confidence almost at recession level. (2:56) This is an abridged transcript of the podcast. Companies looking to break out the cost of tariffs for their customers could face the ire of the White House. Amazon was forced to deny something it h ...
Amazon: No Plans to List Trade War-Related Surcharges
PYMNTS.com· 2025-04-29 17:22
Amazon says it has no plans to display import-related charges on its website following White House protests.“The team that runs our ultra low cost Amazon Haul store considered the idea of listing import charges on certain products,” Amazon spokesperson Tim Doyle said in a statement provided to PYMNTS Tuesday (April 29). “This was never approved and is not going to happen.”Amazon had considered adding a line item to goods sold on Haul — the $20 or less discount store it launched last year — in response to Pr ...
Amazon says it won't display tariff costs. It still exploded into a political issue.
Business Insider· 2025-04-29 17:16
Amazon says it never planned to display how much tariffs are contributing to the price of goods on its main website, despite Punchbowl News reporting earlier on Tuesday that the e-commerce giant planned to do so. But the company's denial didn't come quickly enough to prevent powerful political figures from trying to capitalize on the report.White House Press Secretary Karoline Leavitt called the reported move a "hostile and political act," arguing that Amazon should have displayed cost increases caused by ...
Amazon squashed reports that it'll display tariff costs after the White House called it a 'hostile' act
Business Insider· 2025-04-29 15:53
Core Viewpoint - Amazon's plan to disclose the impact of tariffs on product pricing has drawn criticism from the White House, leading to a decline in its stock price [1][2]. Group 1: Amazon's Actions - Amazon intends to break out the cost of tariffs for each product sold, which has been labeled a "hostile and political act" by the White House [1]. - An Amazon spokesperson clarified that the idea of listing import charges was considered but never approved, indicating that it will not be implemented [2]. Group 2: Market Reactions - Following the news, Amazon shares experienced a decline of approximately 0.8% as of 11:40 a.m. ET [2]. - Retailers and major consumer brands have indicated that they will need to increase prices for consumers to offset the costs associated with tariffs imposed by the Trump administration [2]. Group 3: Tariff Context - Although Trump paused plans to impose additional tariffs on goods from various markets, tariffs on imports from China remain in effect, impacting consumer goods in the U.S. [3]. - A former adviser to Trump suggested that consumers could expect to see higher prices in stores by the end of May due to these tariffs [3].
Amazon Prime Day Is Coming Back in July, With Tariffs Looming Large
CNET· 2025-04-29 15:43
Amazon Prime Day will return in July. Amazon on Tuesday announced the 2025 edition of the summer shopping event, which typically brings some of its best Amazon deals of the year.The mega retailer isn't yet announcing specific dates, according to Amazon spokesperson Alicia Hopkins, who responded via email to questions about the timing. The two-day sales event, which is exclusively for Prime members, took place last year July 16-17. Looming price hikes due to tariffs could impact how much savings shoppers can ...
Amazon takes on Musk's Starlink with launch of first internet satellites
The Guardian· 2025-04-29 15:19
The first 27 satellites for Amazon’s Kuiper broadband internet constellation were launched into space from Florida on Monday, kicking off the long-delayed deployment of an internet from space network that will rival SpaceX’s Starlink.The satellites are the first of 3,236 that Amazon plans to send into low-Earth orbit for Project Kuiper, a $10bn effort announced in 2019 to beam broadband internet globally for consumers, businesses and governments – customers that SpaceX has courted for years with its powerfu ...