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 ...

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 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 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 ...

A report saying Amazon would list how much tariffs contribute to an item's price drew criticism from Donald Trump's White House on Tuesday and sent shares down. "This is a hostile and political act by Amazon," White House press secretary Karoline Leavitt said at a press conference before US markets opened on Tuesday.The e-commerce giant plans to start breaking out the cost of tariffs for each product it sells, Punchbowl News reported early Tuesday. An Amazon spokesman, however, told Business Insider that ...

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 ...

"Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?" Leavitt asked during a press briefing. Amazon's online marketplace has seen prices rise across the board since Trump announced sweeping tariffs at the start of April, particularly on China, where many products listed on Amazon.com ship from. In response, the company has pressured its third-party sellers to shoulder the burden of the extra import costs rather than pass them on to customers. Amazon did ...

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 ...