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Amazon Earnings Preview: Can E-Commerce Giant Sustain Growth in Uncertain Economic Landscape?
Amazon Rules Out Displaying Import Charges After White House Criticism
After "breaking up" with Amazon, UPS cut 20,000 jobs and suspended its full-year forecast amid economic uncertainty.
UPS currently has about 0.49 million employees and plans to cut 4% of its total workforce due to parting ways with its largest customer, Amazon. This layoff aims at network restructuring and efficiency improvement. Although UPS's first-quarter performance exceeded expectations, it has not updated its full-year outlook due to economic uncertainty, and a decline in transportation volume and revenue is expected in the second quarter.
Coming Up Live: Amazon Q1 2025 earnings conference call
Trump's tariff iron fist has impacted the advertising sector! Snap (SNAP.US) saw a 59% increase in subscription users but refused to provide revenue expectations.
Snap's revenue in the first quarter exceeded the average expectations of Analysts, but due to "unfavorable factors" in the macro economy impacting its advertising business, the company declined to release revenue forecast data for the period.
Amazon Could Actually Benefit From Trump's Tariffs, Analyst Says