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Amazon faces a class action lawsuit accusing the company of retaining unlawful tariff costs instead of refunding consumers who paid higher prices.
Investing.com -- Amazon.com Inc (NASDAQ:AMZN) has been hit with a proposed class-action lawsuit by consumers seeking refunds for inflated product costs passed down from tariffs that the U.S. Supreme Court later ruled were unlawfully imposed by President Donald Trump, according to a Reuters report.
By Nate Raymond May 15 (Reuters) - Amazon.com Inc was sued on Friday by consumers seeking refunds for costs passed on to them in the form of higher prices as a result of tariffs the U.S.
Markets don’t move in a straight line — and neither do the people running the country. Q1 2026 was a quarter defined by tariff headlines, rate uncertainty, and a broad S&P 500 pullback that rattled retail and institutional investors alike. Most people were paralyzed. Some panicked. And at least one person — or rather, one ... President Trump’s Stock Broker Was the Busiest Person in America in Q1
For years, Federal Reserve minutes were among Wall Street's most market-moving events. But in today's AI-driven rally, one earnings report may now rival macro data releases in influence: Nvidia Corp (NASDAQ:NVDA). The Santa Clara, California-based chip giant, whose earnings are due next week, is worth roughly $5.3 trillion and recently surpassed the entire S&P 500 healthcare sector in market value, according to Barron's. Essentially, Nvidia is proving to be more than just another mega-cap tech s
FEATURE Amazon com was disrupting things again on Tuesday. The online retail giant announced 30-minute rapid deliveries on “thousands of groceries and essentials.” The service is now in Atlanta, Dallas–Fort Worth, Philadelphia, and Seattle, “with rapid expansion underway in dozens more U.
Bank of America has added FedEx (NYSE:FDX) to its “US 1 List,” a collection of its best investment ideas. The move, announced May 11, is a high-conviction symbolic signal even without a fresh price target attached. For long-term investors, the inclusion reframes FedEx stock as one of Wall Street’s preferred industrial transformation plays heading into ... BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List
American families are expected to spend up to $38 billion on Mother's Day this year, according to the National Retail Federation (NRF), $3.2 billion of which will go toward buying flowers. UrbanStems CEO Meenakshi Lala discusses broader consumer spending trends, especially for these sentimental holidays, while Americans navigate the K-shaped economy.
For logistic companies, or for logistics investors, it is time to stay calm and carry on. Monday, Amazon com sent a shock wave through the market by announcing Amazon Supply Chain Services, or ASCS, essentially opening up to outside customers the logistics network it built to support its retail business.
Former Federal Deposit Insurance Corporation (FDIC) chair Sheila Bair comes on Market Domination to talk about her latest book, "How Not to Lose a Million Dollars," and outline her best advice for teens starting their financial journey and the pitfalls to avoid when building your personal wealth.
On Sunday, former White House AI and crypto czar David Sacks said artificial intelligence is rapidly becoming one of the most powerful drivers of the U.S. economy as Morgan Stanley raised its forecast for hyperscaler AI infrastructure spending. Morgan Stanley Projects Massive AI Capex Boom From Big Tech Morgan Stanley now expects Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., Microsoft Corp. and Oracle Corp. to collectively spend about $805 billion in capital expenditures in 2026, up from
American Eagle Outfitters and Lands’ End are among the first adopters as Amazon opens its logistics network to all businesses and intensifies competition with FedEx, UPS and DHL.
<body><p>STORY: From Amazon's FedEx challenge to robotic bag handlers at airports... this is Tech Weekly.</p><p>:: Tech Weekly</p><p>Amazon.com has moved into the business of UPS and FedEx with its so-called "Amazon Supply Chain Services".</p><p>The firm has given other businesses access to its supply chain network that has powered the e-commerce giant’s operation for decades.</p><p>The move could make it a key logistics player and intensify competition on pricing and speed.</p><p>It has already signed up Procter & Gamble, 3M and American Eagle Outfitters. </p><p>///</p><p>A Chinese robotics startup is seeking a $6 billion valuation in its next financing round.</p><p>Linkerbot is the global market leader in highly dexterous robotics hands for humanoids.</p><p>The firm said it focuses on the skills of top artisans, which its CEO calls 'dexterous craft'. </p><p>The hands can already turn screws fast, pick up soft items, thread a needle, and do precise factory work.</p><p>///</p><p>Japanese baggage handlers are due to be joined by robotic colleagues at Tokyo's Haneda Airport.</p><p>It's part of a two-year trial of the technology by Japan Airlines.</p><p>The humanoid robots aim to contribute to tasks like baggage handling and cleaning aircraft cabins.</p><p>Japan Airlines said in a statement about the initiative the aero sector faces the duel challenges of an aging and shrinking workforce, and a higher workload.</p><p>/// </p><p>Scientists from Project CETI have built an underwater robot to listen in to sperm whale conversations.</p><p>The creatures click to communicate in bursts of sound that can travel huge distances.</p><p>David Gruber is project CEO and explained how the robot worked.</p><p>"So it essentially is like a fully autonomous vehicle, kind of like a Waymo car, that's making decisions and being able to stay, even though it moves quite slowly, stay with whales for long periods of time. It allows us to get these longer term data sets." </p><p>The system could potentially show how the whales react to human-made noise and activity and how it affects them.</p><p>///</p><p>And a humanoid robot called Sophia performed with a live orchestra in AI-themed concert in Hong Kong</p><p>"Even though I don't experience emotions the same way humans do, I want to simulate that connection as authentically as I can."</p><p>Sophia was first unveiled by the Hong Kong-based Hanson Robotics ten years ago and she's even sung on "The Tonight Show Starring Jimmy Fallon".</p><p>But this was the first time Sophia had appeared with a live orchestra.</p><p>She performed three songs overall.</p></body>
Big tech spending on artificial intelligence is set to soar past $1 trillion next year as companies race to secure their place in the queue of the world’s hottest technology. The upshot of all that spending, however, is a likely boost to inflation prospects, which are already rising from oil and energy prices tied to the U.S. war with Iran and the on again, off again nature of tariffs put in place by President Donald Trump. “There is a regime shift underway in technology goods inflation,” said Stifel research analyst Thomas Carroll, who notes that 2026 “marks the first time in 65 years that tech goods prices are rising faster than wages.”
Shares of FedEx (NYSE:FDX) are down 9% to roughly $359 in midday trading Monday, while United Parcel Service (NYSE:UPS) stock is down 10% to about $97. The trigger: Amazon (NASDAQ:AMZN) has officially launched Supply Chain Services as a direct enterprise offering. Amazon stock is up 1% to $271 on the news, building on a 27% ... FedEx Slides 9%, UPS Sinks 10% as Amazon Supply Chain Services Goes Live: How Real Is the Threat?
<body><p>STORY: Amazon.com is elbowing its way into the business of UPS and FedEx.</p><p>The company is giving other businesses access to its supply chain network that has powered the e-commerce giant’s operation for decades.</p><p>Its so-called "Amazon Supply Chain Services" will allow companies across industries such as retail, healthcare and manufacturing to use Amazon’s freight network spanning ocean, road, rail and air to move, store and deliver everything from raw materials to final products.</p><p>Amazon’s stock rose as much as almost 3% Monday morning while UPS fell as much as 10% and FedEx dropped more than 9%.</p><p>With a fleet of more than 100 cargo planes, behind only FedEx and UPS, along with a vast network of warehouses and sorting hubs, Amazon's move could make it a key logistics player and intensify competition on pricing and speed.</p><p>One analyst told Reuters quote, “For UPS and FedEx, this is not immediate disruption, but it is a structural warning shot, especially in e-commerce-heavy lanes where Amazon already has density, data and delivery-speed advantages."</p><p>Amazon will allow businesses to take advantage of its speedy two-to-five-day delivery timelines, as well as warehousing and inventory forecasting capabilities.</p><p>It has already signed up Procter & Gamble, 3M and American Eagle Outfitters. </p></body>
Palantir Technologies (PLTR) is up over 5x in the last two years. It built its foundation on government contracts - defense, intelligence, and federal agencies - and that business is still growing fast. But the new growth vector is enterprise. Companies are moving from AI pilots to production deployment, and Palantir's AIP platform is becoming the infrastructure layer for that shift - autonomous workflows, real decisions, and running at scale.
Procter & Gamble, 3M, Lands' End, and American Eagle Outfitters are among the first companies to sign up
NVIDIA (NASDAQ:NVDA) is the stock dominating every retirement account discussion, every cable hit, and every chart on Twitter, and the multi-year run is precisely why. The more important signal sits elsewhere. Semiconductor revenue is cyclical. Always has been. The Bureau of Economic Analysis already shows the math: manufacturing’s share of GDP fell from 9.7% in ... While NVDA Dominates Headlines, Here’s Where the Real AI Economics Are Hiding
The new service, called Amazon Supply Chain Services, pits the e-commerce giant directly against UPS and FedEx.
Amazon.com said on Monday it was rolling out "Amazon Supply Chain Services", opening up its logistics network for other businesses to use. The company said businesses of all types and sizes can now move, store and deliver everything from raw materials to final products using Amazon's own supply-chain network.
