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		<title>Stocks end November mixed despite a strong Thanksgiving week rally</title>
		<link>https://www.ourstoryinsight.com/stocks-end-november-mixed-despite-a-strong-thanksgiving-week-rally/</link>
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		<pubDate>Sat, 29 Nov 2025 01:31:52 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Mixed]]></category>
		<category><![CDATA[November]]></category>
		<category><![CDATA[rally]]></category>
		<category><![CDATA[stocks]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=11193</guid>

					<description><![CDATA[<p>A Thanksgiving week rally couldn&#8217;t put all three major indexes in the green for November. The S &#038; P 500 gained nearly 4% for the week, while the Dow Jones Industrial Average added more than 3% — a strong enough showing for each to eke out gains for the month. It extends their streak of [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/stocks-end-november-mixed-despite-a-strong-thanksgiving-week-rally/">Stocks end November mixed despite a strong Thanksgiving week rally</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p></p>
<p><span hidden="" aria-hidden="true" class="ArticleBody-extraData"><span hidden="" aria-hidden="true" class="ArticleBody-extraData"><span hidden="" aria-hidden="true" class="xyz-data">A Thanksgiving week rally couldn&#8217;t put all three major indexes in the green for November. The S &#038; P 500 gained nearly 4% for the week, while the Dow Jones Industrial Average added more than 3% — a strong enough showing for each to eke out gains for the month. It extends their streak of winning months to seven. And while the Nasdaq Composite ended the week higher by more than 4%, it wasn&#8217;t enough to overcome selling earlier in the month triggered by valuation concerns about the artificial intelligence trade. The tech-heavy Nasdaq fell roughly 2% in November, ending its seven-month winning streak. .SPX YTD mountain S &#038; P 500 (SPX) year-to-date performance There were a couple of bright spots in our portfolio during the holiday-shortened trading week. Apple shares notched three consecutive all-time highs this week, starting on Monday and ending on Wednesday. The stock has been buoyed by positive demand signs for Apple&#8217;s iPhone 17 series. Counterpoint Research data on Wednesday showed that Apple is on track to dethrone Samsung as the world&#8217;s top smartphone maker this year — an achievement the iPhone maker hasn&#8217;t seen in over a decade. Overall, Counterpoint analysts expect Apple to capture 19.4% of the global smartphone market in 2025, compared with Samsung&#8217;s expected 18.7%. The stock rose further on Friday, closing the week with a nearly 3% gain. Broadcom secured all-time record closes during every trading session this week. The stock&#8217;s been up as Wall Street starts to see the chipmaker as an ancillary play to Alphabet &#8216;s growing AI dominance. As Google began rolling out its latest AI model, investors see benefits for Broadcom as a co-designer of its specialized chips, called tensor processing units (TPUs). Media reports earlier in the week of Meta Platforms considering Google&#8217;s TPUs for its data centers in 2027 added fuel to Broadcom&#8217;s run. That&#8217;s because Alphabet&#8217;s AI expansion could drive more sales for Broadcom&#8217;s crucial networking and custom chips businesses, which was a key reason the Club started a position in the stock. Shares of Broadcom advanced more than 18% week to date. Fellow chipmaker Nvidia went the other way, with shares hitting a nearly three-month low on Tuesday as those same reports highlighted how some big tech companies are looking for alternatives to Nvidia&#8217;s chips. But Jim Cramer recommended staying the course , and called the stock dip a buying opportunity for new investors. After all, Nvidia still dominates the extremely lucrative AI chip market. &#8220;The demand is insatiable for Nvidia,&#8221; Jim said Tuesday. Shares fell 1% week to date. NVDA YTD mountain Nvidia (NVDA) year-to-date performance And while we didn&#8217;t see any earnings from the portfolio this past week, Dick&#8217;s Sporting Goods &#8216; quarterly report was great news for Club holding Nike . Jim called the retail stock a buy on Tuesday after Dick&#8217;s announced plans to close several Foot Locker locations during its third-quarter earnings call. &#8220;Nike is a buy off of Dick&#8217;s problems,&#8221; Jim said. Management&#8217;s remarks indicated that Nike&#8217;s relationship with the retail giant has been improving, a positive sign for Nike&#8217;s turnaround story. &#8220;They&#8217;re moving in the right direction,&#8221; Ed Stack, executive chairman of Dick&#8217;s Sporting Goods, told &#8220;Squawk on the Street,&#8221; after the company&#8217;s earnings were released. He cited a strong performance from Nike&#8217;s running line. &#8220;If you take a look at what they did with their running construct, what they did with Pegasus, what they did with Vomero, what they did with Structure, this running concept has done extremely well on the Dick&#8217;s side, and where it&#8217;s been put into Foot Locker stores, it&#8217;s done really well there too.&#8221; Nike stock jumped nearly 3% week to date. NKE YTD mountain Nike (NKE) year-to-date peformance Trades Finally, we executed two trades during the shortened holiday trading week. On Monday, the Club bought more Palo Alto Networks shares on the cybersecurity company&#8217;s overblown post-earnings decline. We saw the weakness as an opportunity, given that Palo Alto delivered a beat-and-raise third quarter that topped estimates for every single key metric. The Nov. 19 report showed that momentum in Palo Alto&#8217;s &#8220;platformization&#8221; strategy of bundling its products and services remains promising. Deals from Palo Alto make us even more bullish on the stock. The company announced plans to buy cloud management and monitoring company Chronosphere for $3.35 billion. Management&#8217;s acquisition of identity-security leader CyberArk was approved by shareholders on Nov. 13 and is expected to close in the third quarter of fiscal year 2026. &#8220;Palo Alto Networks is setting itself apart in the AI era by adding two platforms just as their respective markets hit key inflection points,&#8221; Jeff Marks, the Investing Club&#8217;s director of portfolio analysis, wrote in a trade alert. We added to our Procter &#038; Gamble position on Tuesday, our second purchase of the consumer goods giant since starting a position on Nov. 18. The thesis: Shares will benefit from any rotation out of Big Tech and into more economically resilient companies. Basically, if AI spending lets up or the U.S. economy slows down, defensive stocks like P &#038; G should shine. (See here for a full list of the stocks in Jim Cramer&#8217;s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust&#8217;s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.</span></span></span><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/stocks-end-november-mixed-despite-a-strong-thanksgiving-week-rally/">Stocks end November mixed despite a strong Thanksgiving week rally</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>How &#8216;woke&#8217; NBA executives got mixed up with the Mob in an epic gambling scandal</title>
		<link>https://www.ourstoryinsight.com/how-woke-nba-executives-got-mixed-up-with-the-mob-in-an-epic-gambling-scandal/</link>
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		<pubDate>Sun, 02 Nov 2025 04:30:29 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[epic]]></category>
		<category><![CDATA[executives]]></category>
		<category><![CDATA[gambling]]></category>
		<category><![CDATA[Mixed]]></category>
		<category><![CDATA[Mob]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=10485</guid>

					<description><![CDATA[<p>Among the few certainties in life aside from death and taxes is the inevitability that when there’s gambling there will always be the Mob. Don’t take my word for it: Just ask NBA commissioner Adam Silver, (and maybe soon NFL chief Roger Goodell) who might have a starring role in the next Scorsese Mafia epic [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/how-woke-nba-executives-got-mixed-up-with-the-mob-in-an-epic-gambling-scandal/">How &#8216;woke&#8217; NBA executives got mixed up with the Mob in an epic gambling scandal</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Among the few certainties in life aside from death and taxes is the inevitability that when there’s gambling there will always be the Mob. Don’t take my word for it: Just ask NBA commissioner Adam Silver, (and maybe soon NFL chief Roger Goodell) who might have a starring role in the next Scorsese Mafia epic all because they decided to embrace one of the world’s oldest and most dangerous vices.</p>
<p>Indeed, a duo of federal indictments filed last week will make Scorsese’s job a lot easier. Basketball star Terry Rozier and Hall of Famer–turned-coach Chauncey Billups were caught up in high-roller card games rigged with x-ray tables, hidden cameras, and loaded decks. Celebrities used as bait. Information passed to a “quarterback,” a mob-connected player who never lost. And when the high-rollers couldn’t pay, the threats came. Violence, blackmail, and worse.</p>
<p>In a separate indictment, players were involved in passing confidential information about injuries, etc., so insiders could win lucrative “prop bets,” a popular sports gambling innovation where you wage on how many yards a running back makes in a game, or how many free throws are completed by LeBron.</p>
<p> <span class="credit">Jack Forbes / NY Post Design</span></p>
<p>These so-called “victims” lost tens of thousands, sometimes millions, through these scams, the Feds say. But the real damage runs much deeper. The leagues’ unholy marriage to gambling—and by extension, to organized crime—exposes how the moral rot that has infected every level of American sport because some of the most woke executives in America saw green instead of danger when they went there.</p>
<p>Sport gambling’s scope is indeed staggering. Globally, it’s a $100 billion business–and growing. It used to be confined to back alleys, bookie shops and of course in Vegas. The leagues forbade their players from engaging; Pete Rose famously denied a Hall of Fame entry because he went there.</p>
<h2 class="inline-module__heading subsection-heading subsection-heading--single-line ">
			More From							<span class="subsection-heading__sub">Charles Gasparino</span><br />
					</h2>
<p>That all changed in 2018, when the Supreme Court ruled that states could legalize, and now it’s ubiquitous. Sports books advertise before and after games. Sponsored content commingled with analysts touting betting lines. Stadiums proudly display the logos of the various sports book companies so fans can wager bets on their i-Phones while they’re swigging a beer or enjoying a hot dog.</p>
<p>Even players can indulge as long as they don’t bet on their games. The leagues believe it’s a healthy outlet for their aggressive personalities.</p>
<p>Silver, Goodell and the rest moralize about “equity” all day long, but their social conscience stops at the cash register. And that register keeps ringing thanks to their lucrative alliances with gambling operators, advertising partners, and the fan engagement numbers that follow.</p>
<h2 class="wp-block-heading">Follow The Post’s latest on the gambling scandal rocking the NBA:</h2>
<p>Sounds like a lot of fun until you understand the downside. Players are restricted from betting on their own games, but that doesn’t stop them because it’s so easy to evade; leagues test for steroids, not where players are placing their bets.</p>
<p>Then there’s the Mob. I grew up in a gambling family. My father and grandfather were near degenerates. They gambled on everything, football, horse races and more. Fortunately, my family didn’t go without food or heating during my dad’s gambling binges, but I know of people who did.</p>
<p>Portland Trailblazers head coach Chauncey Billups leaving a federal court on Oct. 23.  <span class="credit">AP</span></p>
<p>Financing it all: Organized crime, which knows more about the business of gambling than any sports book or league official because it’s specialized in this stuff for decades.</p>
<p>Which brings me back to Silver and Goodell and the idiocy behind their embrace of this abhorrent lifestyle. I’m not saying the Five Families are regularly consulting with the leagues, or have infiltrated the sports book companies, but the Mob knows its clientele.</p>
<p>Neighborhood guys like my pops, high rollers who don’t want to follow Vegas rules, and also sports figures. The reason sports figures make such enticing targets is pretty simple: The same addictive personality that fuels their drive on the gridiron or basketball court carries over to their recreational activities like gambling.</p>
<p>NBA Commissioner Adam Silver.  <span class="credit">AP</span></p>
<p>Normalize gambling, as has been done, and it’s no surprise here that NBAers found themselves in the middle of those sprawling federal indictments last week. Members of the Cosa Nostra and so-called “betfluencers” supplied the so-called “faces” or professional athletes who allegedly took part in the rigged card games and the money-good “prop bets” based on inside information on injuries etc.</p>
<p>Yet they were just “Shocked! Shocked!” to find that gambling is going on under their collective nose.</p>
<p>There are, of course, no bigger social justice warriors in America than the people who run professional sports. The NFL, NBA, and MLB have spent the past decade competing to out-woke one another, funding DEI bureaucracies, cutting checks to Black Lives Matter. They’ve even imposed gender quotas in hiring, requiring teams to interview women for coaching positions.</p>
<p>They pose as enlightened visionaries reshaping American culture for the better. The dirty secret is that those same do-gooders have been feeding one of the most destructive habits in American life, and unwittingly, organized crime.</p>
<p>True, no NFL players have been named, but my sources say it’s only a matter of time for all of the reasons I cited earlier.</p>
<p>Yes, only the willfully ignorant would be shocked by any of this, which is why I got a good laugh from the reactions of Silver or Goodell. Both men are among the highest paid executives in corporate America, Silver earns $10 million a year. Goodell six times that much.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/how-woke-nba-executives-got-mixed-up-with-the-mob-in-an-epic-gambling-scandal/">How &#8216;woke&#8217; NBA executives got mixed up with the Mob in an epic gambling scandal</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>International inbound travel to U.S. shows mixed recovery</title>
		<link>https://www.ourstoryinsight.com/international-inbound-travel-to-u-s-shows-mixed-recovery/</link>
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		<pubDate>Sat, 19 Jul 2025 09:36:26 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[inbound]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[Mixed]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=8287</guid>

					<description><![CDATA[<p>A passenger passes a giant American flag as they make their way to and from their gates during the Memorial Day weekend getaway at John Wayne Airport Orange County in John Wayne Airport, Santa Ana, CA on Thursday, May 26, 2022. Allen J. Schaben &#124; Los Angeles Times &#124; Getty Images Canadian travel dropped sharply [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/international-inbound-travel-to-u-s-shows-mixed-recovery/">International inbound travel to U.S. shows mixed recovery</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<p>A passenger passes a giant American flag as they make their way to and from their gates during the Memorial Day weekend getaway at John Wayne Airport Orange County in John Wayne Airport, Santa Ana, CA on Thursday, May 26, 2022. </p>
<p>Allen J. Schaben | Los Angeles Times | Getty Images</p>
<p>Canadian travel dropped sharply in the first half of 2025, according to numbers by U.S. Travel Association.</p>
<p>Visits from Canada dropped by nearly 19% over the same time period last year, dragging overall international visits lower by 3.4%.</p>
<p>That equates to a decline of $1.9 billion in travel spending. June was especially rough, with Canadian visitation down more than 26%, the association said. </p>
<p>The punch to the travel and tourism industry was mitigated by a noticeable increase in visitors from Mexico. The month of June and the first half of the year saw notable increases of 14.8% and 12.5%, respectively<strong>, </strong>according to the U.S. Travel Association. Those 940,000 visits from Mexican travelers equated to just shy of half a billion in travel spending. </p>
<p>&#8220;This initial look at first-half 2025 data shows that while travel continues to be a priority, broader economic concerns remain on consumers&#8217; minds. Amid a rapidly evolving global environment, international visits to the U.S. have been resilient across most markets—with the notable exception of Canada, our largest inbound source,&#8221; the U.S. Travel Association said in an email to CNBC.</p>
<p>Major travel companies <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Hilton<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Wyndham<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Travel and Leisure<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>, which have been closely watching the change in visitors, are all reporting earnings next week.</p>
<p>Las Vegas is also reporting a decline in international visitors from Mexico and Canada, which may show up in results for casinos like <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">Caesars<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">MGM<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">Boyd<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">Red Rock Resorts<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>.</p>
<p>The travel industry has been concerned about a big cut in President Donald Trump&#8217;s tax-and-spending law that slashes spending on marketing and promotion of U.S. destinations overseas, and increases fees for travel visas, which may be especially problematic ahead of the World Cup next year.</p>
<p>— CNBC&#8217;s Dawn Giel contributed to this report.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/international-inbound-travel-to-u-s-shows-mixed-recovery/">International inbound travel to U.S. shows mixed recovery</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Amazon’s Mixed Earnings Report Sends Share Prices Down</title>
		<link>https://www.ourstoryinsight.com/amazons-mixed-earnings-report-sends-share-prices-down/</link>
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		<pubDate>Fri, 02 May 2025 05:45:33 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=6775</guid>

					<description><![CDATA[<p>As much as Amazon may have wanted to dodge the spotlight in President Trump’s trade war, there was no avoiding it for America’s largest online retailer. First, the e-commerce company was entangled in the fleeting spat Tuesday with the White House over a faulty report that Amazon was going to show shoppers the costs of [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/amazons-mixed-earnings-report-sends-share-prices-down/">Amazon’s Mixed Earnings Report Sends Share Prices Down</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p class="css-at9mc1 evys1bk0">As much as Amazon may have wanted to dodge the spotlight in President Trump’s trade war, there was no avoiding it for America’s largest online retailer.</p>
<p class="css-at9mc1 evys1bk0">First, the e-commerce company was entangled in the fleeting spat Tuesday with the White House over a faulty report that Amazon was going to show shoppers the costs of tariffs.</p>
<p class="css-at9mc1 evys1bk0">Two days later, the economic reality arrived when Amazon reported among the slowest growth ever in its North American retail business.</p>
<p class="css-at9mc1 evys1bk0">The region, Amazon’s largest, contributed to first-quarter financial results that showed the slowest overall sales growth since the depths of the pandemic, the company reported Thursday. Sales from January through March rose to $155.7 billion, 9 percent more than the same period a year earlier. Profit was $17.1 billion, up 64 percent.</p>
<p class="css-at9mc1 evys1bk0">For the current quarter, which ends in June, Amazon told investors to expect sales of $159 billion to $164 billion, and for operating profits to shrink to as low as $13 billion. Amazon added “tariff and trade policies” to the list of factors it says can make its forecasts uncertain. </p>
<p class="css-at9mc1 evys1bk0">The results were mixed compared with Wall Street’s expectations. Amazon’s stock price was down more than 3 percent in aftermarket trading following the earnings release.</p>
<p class="css-at9mc1 evys1bk0">“Obviously, none of us know exactly where tariffs will settle or when,” Andy Jassy, the chief executive of Amazon, said on a call with investors. He said the company is “pretty maniacally focused” on keeping prices down, by purchasing extra inventory in advance of tariffs and will be helping sellers on Amazon’s marketplace do the same.</p>
<p class="css-at9mc1 evys1bk0">Investors have been trying to untangle how President Trump’s on-again-off-again tariffs would affect Amazon customers. Some speculated that consumers may have accelerated purchases in March and April ahead of more tariffs kicking in, boosting spending in an otherwise uncertain environment.</p>
<p class="css-at9mc1 evys1bk0">Mr. Jassy said Amazon customers have done some “heightened buying” of certain types of products, although he did not specify which ones.</p>
<p class="css-at9mc1 evys1bk0">Many different components drive revenue in Amazon’s retail business. The online sales of products it offers directly to customers grew 5 percent to $57.4 billion, and the services it provides to sellers who list products on its site grew 6 percent to $36.5 billion.</p>
<p class="css-at9mc1 evys1bk0">Advertising, which investors view as a promising and profitable business, grew 18 percent to $13.9 billion.</p>
<p class="css-at9mc1 evys1bk0">Investors have long focused on Amazon’s cloud computing business, which generates most of the company’s profit. Mr. Jassy, who ran the cloud business before his promotion to chief executive, has been building up the company’s artificial intelligence offerings. The cloud business grew 17 percent, to $29.3 billion, in the first quarter.</p>
<p class="css-at9mc1 evys1bk0">Mr. Jassy said Amazon could have sold more cloud services if it had more capacity at its data centers, the remote buildings filled with computers that power the modern internet and A.I. He added that he expects the constraints to ease in the coming months. The company has been racing to build more infrastructure, and the release on Thursday showed Amazon spent more than $24 billion on capital expenses in the first three months of the year, about $2 billion less than the previous quarter. In February, Amazon said it was planning to spend about $100 billion on capital expenditures in 2025.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/amazons-mixed-earnings-report-sends-share-prices-down/">Amazon’s Mixed Earnings Report Sends Share Prices Down</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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