Wall Street Breakfast Amazon tops expectations, issues cautious outlook
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May 2, 2025 Amazon impresses with surprising earnings while expressing a cautious outlook, highlighting its AI potential and minimal tariff impact. American Airlines reveals a bold $4 billion expansion plan for Dallas Airport. Additionally, the World Health Organization prepares to endorse popular weight loss drugs like Zepbound and Wegovy, stirring discussions about health and wellness in the market. It's a blend of technology, travel, and health shaping the current economic landscape.
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Amazon's Strong Quarter, Cautious Forecast
- Amazon's earnings beat expectations with a 9% sales rise and $17.1 billion net income.
- However, cautious Q2 guidance signals concerns about tariff impacts and profitability.
Tariff Impact on Amazon Prices
- Tariffs have led to increased buying in some categories on Amazon.
- Most sellers have not raised prices yet but could if tariff battles continue.
American Airlines Terminal Expansion
- American Airlines plans a $4 billion expansion at Dallas-Fort Worth Airport.
- The project doubles gates at Terminal F, using the terminal exclusively by the airline.