Table of Contents

• Amazon

• Starbucks

Top Stories Today

Amazon

President Donald Trump personally called Amazon founder Jeff Bezos to object to reports that the company planned to show U.S. tariff costs on product listings. Shortly after the call and a critical press briefing, Amazon backtracked, saying the idea had not been approved and would not move forward. The initial plan drew backlash from the White House, which labeled it a “political act.” Amazon’s stock dipped briefly before recovering. The episode highlights tensions between Trump’s administration and Amazon amid rising tariff-related costs and shifting political alliances, even as Bezos has recently expressed support for the president’s second term.

Starbucks

Starbucks reported disappointing quarterly results on Tuesday, with both revenue and earnings falling short of expectations and global same-store sales declining for the fifth straight period. The company’s net income was cut in half year-over-year, while operating margins also narrowed due to higher labor costs and investments tied to its “Back to Starbucks” turnaround plan. CEO Brian Niccol said early progress is visible in-store, though not yet reflected in financials. The coffee chain paused some automation efforts and shifted focus toward enhancing staffing and service speed. External pressures such as President Trump’s new tariffs and fluctuating coffee prices are expected to impact costs further. Starbucks shares fell 6% in extended trading.

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