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 ...

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 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 ...

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 ...

Amazon’s (AMZN) first-quarter 2025 results, scheduled to be released on May 1, are likely to reflect gains from its strengthening cloud service offerings.Amazon Web Services (“AWS”) remains the crown jewel in Amazon's portfolio, with the Zacks Consensus Estimate projecting AWS sales of $29.31 billion for first-quarter 2025, indicating robust 17.1% year-over-year growth. See the Zacks Earnings Calendar to stay ahead of market-making news.This performance continues to solidify AWS' position as the market lead ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Core Viewpoint - The White House criticized Amazon for planning to display the price increases due to tariffs, which negatively impacted Amazon's stock price [1][2]. Group 1: Amazon's Tariff Display Plan - Amazon, which relies on China for over 50% of its third-party sellers, intends to show consumers how much of a product's cost is attributed to tariffs [1]. - The White House labeled Amazon's action as a "hostile and political act," indicating a direct discussion between the White House Press Secretary and President Trump regarding this matter [2]. Group 2: Stock Market Reaction - Following the White House's comments, Amazon's stock fell by 2%, which was a more significant decline compared to the S&P 500's less than 0.5% drop [2]. Group 3: Upcoming Earnings Report - Amazon is set to report its earnings for the first quarter of 2025, with the company having generated $638 billion in revenue last year, making it the second-highest company by sales globally, just behind Walmart [5].

Group 1 - Amazon is set to bring back its annual sales event, Prime Day, in July, but consumer demand may be affected by potential tariff increases [1][3] - The White House criticized Amazon's decision to display tariff costs as a "hostile and political act," urging Americans to buy domestic products [2] - Some Amazon sellers are reportedly withdrawing from Prime Day or reducing discounted merchandise due to tariff pressures [3] Group 2 - Prime Day typically boosts sales during a slower time of the year, with small and medium-sized businesses accounting for over 60% of sales on Amazon's platform [4] - Last year, Prime Day saw over 200 million items sold, marking the highest sales for any Prime Day event to date [4] - This year's Prime Day will feature deals across more than 35 categories, including electronics, kitchen, beauty, and apparel, with a focus on "socially trending items" [5] Group 3 - Prime Day will be held in Ireland for the first time and will return to various global markets, including the U.S., U.K., and several other countries [6] - Amazon has launched a new luxury goods selection curated by Saks, featuring top brands such as Dolce & Gabbana and Stella McCartney [7]

Core Insights - Amazon is seeking significant supplier discounts to mitigate the impact of U.S. tariffs, specifically requesting low double-digit price reductions from various merchants [1][2] - The company is facing potential operating profit reductions between $5 billion and $10 billion this year due to the 145% tariffs on goods imported from China [2] - Amazon has shifted its sourcing strategy by canceling direct imports from China and opting for suppliers with American stock to adapt to the tariff environment [3][4] Supplier Relations - Amazon's aggressive stance towards suppliers is influenced by its dominant market position, leading brands to feel dependent on the platform [2] - The company is collaborating with a diverse range of selling partners to help them adjust to the evolving market conditions while keeping prices low for consumers [4] Competitive Landscape - Research indicates that many consumers are increasingly engaging with both Amazon and Walmart, with nearly 25% of American adults holding memberships for both retailers, a significant increase from 2021 [5] - The traditional perceptions of Walmart and Amazon are evolving, as consumers seek value across both platforms, often shopping simultaneously [6]

Core Viewpoint - Mark Cuban predicts that tariffs imposed by the Trump administration will negatively impact Amazon, particularly due to the significant percentage of products sold by Chinese resellers on the platform [2][3][4]. Group 1: Tariff Impact on Amazon - Cuban highlights that Chinese resellers account for approximately $150 billion of Amazon's U.S. marketplace sales, which could be severely affected by the 145% tariffs on Chinese imports [3][4]. - The tariffs could lead to a decrease in sales from Chinese resellers, potentially impacting Amazon's revenue from fees charged to these sellers [6][7]. Group 2: Potential Mitigating Factors - Consumers may shift their purchases to resellers in other countries with lower tariff rates, which could mitigate the financial impact on Amazon [5]. - Amazon's competitive pricing strategy, including its Amazon Haul storefront, may attract cost-conscious consumers, offsetting some losses from Chinese resellers [6]. Group 3: Future Considerations - Cuban notes that the negative impact of tariffs on Amazon is contingent on whether these tariffs remain in place, as there are indications from the Trump administration that tariffs may be reduced in the future [7][9]. - Investors are advised to consider a long-term investment strategy in Amazon, as the company is likely to take measures to minimize the impact of tariffs on its operations [8][9].