NEW YORK (AP) — Amazon posted higher first-quarter profit and sales, underscoring the online behemoth’s hold on shoppers looking for low prices in an uncertain…
— Amazon posted higher first-quarter profit and sales, underscoring the online behemoth’s hold on shoppers looking for low prices in an uncertain economy.
The Seattle-based company also reported strong sales growth for its prominent cloud computing arm Amazon Web Services, it said after the market closed Thursday.
However, uncertainty about President Donald Trump’s tariffs clouded Amazon’s outlook.
Trump’s erratic trade policies — including 145% tariffs on China — have paralyzed businesses and threaten to raise prices and hurt consumers.
