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Dan Ives, Wedbush, reacts the tech sell-off following the latest round of tariff negotiations.
Trump's new tariffs could hurt Amazon and Meta due to their reliance on Chinese advertisers. Advertisers are expected to take refuge in performance advertising and TV sports.
Trump's tariffs brought the stock market to its knees on Thursday. The introduction of profit-sapping importation fees drove the S&P 500 (^GSPC -4.84%) to close almost 5% lower.
As a whole, Magnificent Seven stocks were on pace to drop more than $800 billion in market cap. That reflects how tech stocks have led the broader market amid Thursday's steep sell-off.
Amazon projects Rufus to indirectly contribute over $700 million in operating profits this year. Rufus' product recommendations increase consumer spending on Amazon's marketplace.
CNBC's Deirdre Bosa joins 'Money Movers' to discuss how tariffs are impacting the tech sector.
The United Launch Alliance rocket is set to help Amazon take a step toward a satellite internet service that would likely compete with Starlink.
Caroline Woods turns to the new developments on Amazon's (AMZN) TikTok bid. She notes the Mag 7 company's offer to buy the social media giant as the latest in a string of bids for partial U.S. ownership.
Amazon stock and other e-commerce players slid Thursday morning amid a market rout on President Trump's tariff plan. The post Amazon Stock Slides On Trump Tariff Plan.
Yesterday, President Donald Trump announced a slew of tariffs on nearly every country in the world—over 180 of them, notes CNBC. The tariffs Trump announced are higher than most economists and business leaders feared.