Amazon.com Inc
Apple drops 5% after notching best day since 1998
Apple shares declined 5% Thursday, giving back some of Wednesday’s gains that pushed the iPhone maker to its best day since January 1998. The technology giant, down 15% so far this month and nearly 25% since the start of 2025, surged more than 15% Wednesday after President Donald Trump announced a 90-day pause on some […]
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Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers
Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump’s sweeping tariffs, but that its vast network of third-party sellers may “pass that cost on” to consumers. “I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play […]
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Amazon CEO Andy Jassy says AI costs will come down over time even as company invests ‘aggressively’
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around AI, along with a more competitive chip market, will eventually bring down costs around the technology. Dear Shareholders: 2024 was a strong year for Amazon. Our total revenue grew 11% year-over-year (“YoY”) from $575B to $638B. By […]
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Amazon delays first Kuiper internet satellite launch due to bad weather
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon’s Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States. Paul Hennessey | Anadolu Agency | Getty Images Amazon delayed the launch of […]
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Amazon Kuiper launches first satellites to take on SpaceX’s Starlink, capitalize on anti-Musk fervor
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | Reuters In a social media post last month, […]
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Apple bounces 3% after worst losing streak since 2000
CEO of Apple Tim Cook speaks at an event in 2022. Jerod Harris | Getty Images Entertainment | Getty Images Apple shares rallied more than 3% Tuesday after the iPhone maker posted its worst four-day losing stretch since 2000. The rise came amid a broader rally in technology stocks and on the heels of a […]
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Businesses face a sobering reality: Under Trump’s tariff plan, reducing reliance on China won’t be easy
Aerial view of a container cargo ship at a port terminal in Thailand Mr.cole_photographer | Moment | Getty Images Many companies had been steadily reducing their reliance on China as a manufacturing hub since President Donald Trump’s first term, hoping to blunt the impact of punitive levies from the United States. Then his latest “reciprocal” […]
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Dow rebounds 900 points on rising hopes for tariff deals: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 8, 2025. Brendan Mcdermid | Reuters Stocks surged Tuesday in a slight reprieve from the tariff market turmoil, on rising hopes the U.S. would reach trade deals to lower the duties over time. The Dow Jones Industrial […]
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Tech, semiconductor stocks bounce on tariff optimism, Nvidia jumps 7%
Technology stocks bounced Tuesday after three rocky trading sessions, spurred by rising optimism that President Donald Trump could potentially negotiate tariff deals with world leaders. Nvidia led the Magnificent Seven group’s gains, rallying about 7%. Meta Platforms, Amazon and Tesla jumped at least 4% each, while Apple, Microsoft and Alphabet rose about 3%. The sector […]
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CNBC Daily Open: Trump rejects offers to tear down tariffs, threatens more on China
U.S. President Donald Trump speaks during a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., April 7, 2025. Kevin Mohatt | Reuters The meaning of the word “reciprocity” is being strained by the Trump administration. Not only did the White House use a […]
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