Amazon (NASDAQ: AMZN) officially announced on Tuesday its popular international sales event Prime Day will return in July this year, offering deals across more than 35 categories and including features like "socially trending items" and "creator favorites," alongside other Amazon-exclusive products. The e-commerce giant's announcement comes as Reuters reports some third-party sellers are pulling out of the sales event due to profit margin pressures from President Donald Trump's tariffs on Chinese imports, while others say they plan to reduce the amount of discounts offered. Amazon said small and medium-sized independent sellers account for more than 60% of sales on its platform and sold more than 200 million items during last year's Prime Day event. Outside of the U.S., the event will be held in Ireland for the first time and will return to other global markets including Australia, Canada, Germany, India, Japan and the United Kingdom.

As consumers come under pressure from rising prices and growing economic uncertainty, some Americans are turning to buy now, pay later (BNPL) loans for essentials like groceries, according to data from Lending Tree released Friday. In the survey of 2,000 U.S. consumers aged 18 to 79 conducted in early April, about half reported having used BNPL loans and of those respondents 25% said they have used loans to buy groceries -- up from 14% in 2024 and 21% in 2023. "Inflation is still a problem. Interest rates are still really high. There's a lot of uncertainty around tariffs and other economic issues, and it's all going to add up to a lot of people looking for ways to extend their budget however they can," said Matt Schulz, chief consumer finance analyst at Lending Tree, quoted by CNBC. "I don't know that there's a whole lot of reason to expect these numbers to get better in the near term."

Rising mortgage rates and widespread economic uncertainty have impacted the housing market in March, as sales of previously owned homes fell 5.9% from February to 4.02 million units on a seasonally adjusted annualized basis, the National Association to Realtors (NAR) reports Thursday. Sales were also 2.4% lower year-over-year. "Home buying and selling remained sluggish in March due to the affordability challenges associated with high mortgage rates," said Lawrence Yun, chief economist at NAR, in a statement. "Residential housing mobility, currently at historical lows, signals the troublesome possibility of less economic mobility for society." Supply also increased throughout March, totaling 1.33 million units for sale, increasing nearly 20% from 2024. Still, the median price for an existing home sold in March was an all-time monthly high of $403,700, but that amount only grew 2.7% from last March.

Netflix (NASDAQ: NFLX) co-CEO Ted Sarandos said at Semafor's 2025 World Economy Summit on Wednesday that he believes the streaming giant could achieve its long-term goal of $1 trillion market capitalization. "In the previous five years, we've doubled our revenue, we grew profits 10 times, and we grew our market cap three times. So there is a path to it, obviously, but it's all incredibly dependent on executing well," Sarandos said. "Just the parts that we do, there's $650 billion in consumer spending. We're 5% of that now. We are about 10% of total TV watching time in our most penetrated, most mature markes. So, there's enormous room to grow, just in the thing that we do." His comments seemingly confirm an earlier report from The Wall Street Journal this month that said Netflix executives believe the platform could top $1 trillion market cap and double its revenue by 2030.

Swiss pharmaceutical maker Roche (OTC: RHHBY) announced Tuesday it would invest $50 billion in the United States over the next five years to create new research and development sites and expand the manufacturing capabilities at its facilities in Indiana, Pennsylvania, Massachusetts and California. The investment will create more than 12,000 jobs, Roche said, including 1,000 within the company and 11,000 to support new U.S. manufacturing. Roche also plans to build a new AI research site in Massachusetts, with the facility acting as a homebase for the development of cardiovascular, renal and metabolism treatments. Moreover, the funding will also create a new 900,000 square foot manufacturing center to support the company's "expanding portfolio of nest generation weight loss medicines."

Amazon (NASDAQ: AMZN) has paused some data center lease commitments, analysts from Wells Fargo said Monday, joining other major tech companies that have reevaluated their near-term spending plans in response to growing economic uncertainty. "Over the weekend, we heard from several industry sources that AWS has paused a portion of its leasing discussions on the colocation side (particularly international ones)," Wells Fargo analysts wrote in a note, adding that "the positioning is similar to what we've heard recently from [Microsoft]," who recently halted some data center projects. Amazon Web Services (AWS) and Microsoft's (NASDAQ: MSFT) Azure are two leading global providers of cloud infrastructure, and have previously announced data center projects to meet the growing demands of generative artificial intelligence technologies.

California filed a federal lawsuit Wednesday against President Donald Trump's for his use of emergency powers to enact tariffs on most nations, becoming the first state challenge the White House's trade policies. The lawsuit target's Trump's use of the International Economic Emergency Powers Act, arguing that only Congress has the power to enact tariffs under federal law. California engaged in nearly $675 billion in two-way trade last year, according to the governor's office, with Mexico, Canada and China being its biggest trading partners. "As the fifth largest economy in the world, California understands global trade policy is not just a game," CA Attorney General Rob Bonta said in a release. "Californians are bracing for fallout from the impact of the President's choices -- from farmers in the Central Valley, to small businesses in Sacramento, and worried families at the kitchen table -- this game the President is playing has very real consequences ... across our state."

Nvidia (NASDAQ: NVDA) on Tuesday disclosed that the U.S. government now requires the chipmaker to have a licenses to export its H20 AI chips to China and a handful of other countries, according to a securities filing. Due to this change, Nvidia anticipates $5.5 billion in related charges in its fiscal first-quarter, which ends April 27 and the results of which are set to be delivered May 28. The H20 is an AI chip the company designed for China in compliance with export restrictions issued by the Biden administration in 2022; the chip is comparable to the H100 and H200 AI chips used in the U.S., but has slower interconnection speeds and bandwidth as it is based on a previous generation of AI architecture. The H20 chip generated about $12 billion to $15 billion in revenue in 2024.

A group of businesses represented by the Liberty Justice Center on Monday sued President Donald Trump to block new tariffs imposed on foreign imports. The lawsuit claims Trump's tariffs illegally usurped Congress' power to issue tariffs by using emergency powers to respond to trade deficits. The businesses claim the tariffs of at least 10% on imports are "devastating small businesses across the country," and that trade deficits do not "constitute an unusual and extraordinary threat," that would qualify classifying them an emergency. "This Court should declare the President's unprecedented power grab illegal, enjoin the operation of the executive actions that purport to impose these tariffs under the IEEPA [International Emergency Economic Powers Act] and reaffirm this country's core founding principle: there shall be no taxation without representation," the suit reads.

General Motors (NYSE: GM) is eliminating 500 jobs at its CAMI assembly plant in Ontario, Canada, the automaker announced Friday, as it cuts production of its all-electric BrightDrop delivery vans due to waning demand. The plant will reduce from two shifts to one shift and will then idle starting next month through October. The plant's battery pack assembly segment will also halt manufacturing the week of April 24 and April 28 to prepare for the shutdown. GM said the decision to wind down operations is not in response to President Donald Trump's tariffs, but is "directly related to responding to market demand and re-balancing inventory," according to a statement. GM expected BrightDrop to generate $1 billion in revenue in 2023, but that projection was likely not achieved -- GM declined to disclose its revenue -- as the automaker only sold about 2,000 vans in 2023 and 2024, according to sales reports.

A new study published by Microsoft Research (NASDAQ: MSFT) on Thursday found that leading artificial intelligence models from companies like OpenAI and Google-backed (NASDAQ: GOOGL) (NASDAQ: GOOG) Anthropic fail to debug common issues in programming tasks, signaling that computer models are still no match for human software developers. The study tested nine different generative AI models tasked with solving a set of 300 software debugging tasks from SWE-bench, a programming benchmark for real-world coding issues. According to the researchers, AI agents failed to complete more than half of the debugging task successfully, with Anthropic's Claude 3.7 Sonnet having the highest average success rate of 48.4%, followed by OpenAI's o1 with a rate of 30.2%. The researchers believe the models lack "sequential decision-making processes," in their current training data, compared to expert human developers.

JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon said Wednesday that he believes the U.S. economy is headed towards a recession as a result of President Donald Trump's tariffs and their impact on global markets. "Markets aren't always right, but sometimes they are right," Dimon said on Fox Business' "Mornings With Maria," show on Wednesday. "I think this time they are right because they're just pricing uncertainty [at] the macro level and uncertainty [at] the micro level, at the actual company level, and then how it affects consumer sentiment. It's hard to tell." Following the unveiling of Trump's "reciprocal" tariffs on trading partners on April 2, JPMorgan economists raised their global recession risk this year to 60% from its previous forecast of 40%, citing declining consumer and business confidence worldwide.

President Donald Trump on Tuesday signed several executive orders in effort to boost domestic coal production to support growing energy demands from artificial intelligence. "We will rapidly expedite leases for coal mining on federal lands and we'll streamline permitting, we will end the government bias against coal and we're going to unlock the sweeping authorities of the Defense Production Act to turbo charge coal mining in America," Trump said at a signing ceremony at the White House. Coal plants have closed across the United States in favor of other fuel sources due to their high carbon dioxide emissions. Coal stocks including Peabody Energy (NYSE: BTU), Core Natural Resources (NYSE: CNR) and Ramaco Resources (NASDAQ: METC) all rose on Tuesday on the news.

Apple's (NASDAQ: AAPL) iPhone 16 Pro Max could see a price hike of as much as $350 in the United States due to President Donald Trump's tariffs on key trading partners, UBS analyst Sundeep Gantori estimated on Monday. The high-end iPhone currently retails for $1,199, and the firm is forecasting a nearly 30% price increase for units manufactured in China. "Based on the checks we have done at a company level, there is a lot of uncertainty about how the increased cost sharing will be done with suppliers, the extent to which costs can be passed on to end-customers, and the duration of tariffs," Gantori wrote in a note. Apple is one of the most exposed companies to Trump's global trade war, as it manufactures most of its products in China and Southeast Asia. Shares of the tech giant have cratered nearly 20% over the past three trading sessions, effectively erasing about $640 million of its market capitalization.

President Donald Trump extended the deadline for ByteDance's TikTok ban by 75 days on Friday, stating that it will allow for more time to finalize a deal. "My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress," Trump wrote in a post on his social media platfrom Truth Social. "The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days." This is the second time TikTok's ban deadline has been extended, with the original sell date set by former President Joe Biden for Jan. 19 and the second deadline made for April 5. Bloomberg reports that U.S. investors for the sale include Oracle (NASDAQ: ORCL), Blackstone (NYSE: BX), and Andreessen Horowitz as of Wednesday. Other names include Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT).