On this episode of Stock Movers:
- Amazon (AMZN) shares fall after the White House Press Secretary Karoline Leavitt said that the e-commerce company’s reported decision to display the impact of tariffs on pricing was a “hostile” act. The comments from Leavitt came after Punchbowl News reported that the e-commerce giant would “soon” begin displaying the cost of US tariffs on individual products next to the total listed price.
- Spotify (SPOT) shares tumble after the streaming company reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter Spotify said the figure was weighed down by more than €76 million in social charges, which it has defined as payroll taxes associated with employee salaries and benefits. 
- UPS (UPS) shares drop after the company said it expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.com. UPS said the reduction in its operational workforce — a group that includes delivery drivers and package handlers — is part of a network overhaul in response to expected “lower volumes from our largest customer.”

On this episode of Stock Movers: - Amazon (AMZN) shares fall after the White House Press Secretary Karoline Leavitt said that the e-commerce company&rsquo;s reported decision to display the impact of tariffs on pricing was a &ldquo;hostile&rdquo; act. The comments from Leavitt came after Punchbowl News reported that the e-commerce giant would &ldquo;soon&rdquo; begin displaying the cost of US tariffs on individual products next to the total listed price. - Spotify (SPOT) shares tumble after the streaming company reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter Spotify said the figure was weighed down by more than &euro;76 million in social charges, which it has defined as payroll taxes associated with employee salaries and benefits. - UPS (UPS) shares drop after the company said it expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.com. UPS said the reduction in its operational workforce &mdash; a group that includes delivery drivers and package handlers &mdash; is part of a network overhaul in response to expected &ldquo;lower volumes from our largest customer.&rdquo;

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Stock Movers

Amazon Drops, Spotify Tumbles, UPS Falls in Pullback from Amazon

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