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Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.

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Amazon CEO Andy Jassy looked to reassure investors on the company’s first-quarter earnings call on Thursday, saying he’s “optimistic” the retail giant could emerge from the current tariff environment stronger than before.

“Given our really broad selection, low pricing and speedy delivery, we have emerged from these uncertain eras with more relative market segment share than we started and better set up for the future,” Jassy said. “I’m optimistic this could happen again.”

Jassy pointed to the Covid pandemic as an example of how the company’s broad selection and low prices helped “customers find what they want,” despite persistent economic uncertainty. Amazon was a big beneficiary of the coronavirus crisis, as many shoppers shunned physical stores and turned to the online retailer for both essential and non-essential goods. The company’s profit soared, along with its stock price.

The comments followed Amazon’s first-quarter earnings report, where the company beat expectations, but its operating income forecast for the current period came in light.

The company projected operating profit of $13 billion to $17.5 billion, compared with consensus estimates of $17.8 billion, according to LSEG. Amazon called out “tariff and trade policies” as one of several factors that could impact its guidance.

Amazon CFO Brian Olsavsky said there continues to be uncertainty around President Donald Trump’s sweeping tariffs, which caused the company to issue a wider guidance range.

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“We generally have a wide range, but just the general uncertainty that we’re seeing and uncertainty of consumer demand and everything else is causing us to increase the range a bit,” Olsavsky said. “So we’ll see. We feel it’s an informed view of Q2 right now.”

Amazon and some third-party sellers “have pulled forward a number of items” in anticipation of the tariffs and to keep prices low, Jassy said.

As much as 70% of goods on Amazon come from China, meaning they’re exposed to higher import costs. Jassy said that while some sellers may have to pass those higher costs on to customers, not all of them will choose to raise prices.

“We have a lot of sellers in lots of different countries and not all of them are going to pursue the same tact,” Jassy said. “So I think when you’ve got larger diversity like we have, we have a better chance of some of those sellers deciding that they’re going to capture share and they’re not going to pass all or any of those tariffs on to customers.”

Jassy said the company is “heads down” and “pretty maniacally focused on” keeping prices low for consumers, though he acknowledged the outcome of the tariffs is hard to predict.

“It’s hard to tell what’s going to happen with tariffs right now,” he told investors. “It’s hard to tell where they’re going to settle and when they’re going to settle.”

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Apple shares pop 5% ahead of Trump-Cook investment announcement at White House

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Apple shares pop 5% ahead of Trump-Cook investment announcement at White House

Apple CEO Tim Cook speaks during the Apple Worldwide Developers Conference (WWDC) on June 09, 2025 in Cupertino, California.

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Apple shares popped 5% Wednesday, ahead of an Oval Office event touting an update to the company’s stated plans to spend and invest in the U.S.

CEO Tim Cook will join President Donald Trump for the announcement set for 4:30 p.m. ET.

Apple will up its previous commitment, made in February, from $500 billion to $600 billion over the next four years, a White House official told CNBC.

It will also announce a new manufacturing program called the American Manufacturing Program, the official said.

Cook has had a mixed relationship with Trump over the past year. While Trump has praised the Apple CEO in the past, in recent months he has said he has a “problem” with the executive and has pushed for Apple to assemble its iPhones in the U.S., not China or India.

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Apple faces over $1 billion in increased costs this quarter because of Trump’s tariffs on imports —primarily related to China — and Cook reminded investors last week that “the vast majority” of its products would be subject to pending new tariffs under a Section 232 investigation.

“We obviously try to optimize our supply chain, and ultimately we will do more in the United States,” Cook said.

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Match Group pops 10% as dating company shows early signs of a turnaround

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Match Group pops 10% as dating company shows early signs of a turnaround

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Match Group shares popped more than 10% on Wednesday after the online dating company issued upbeat guidance and said new products are showing promise as it attempts to turnaround its business.

The Dallas-based company said it expected revenues between $910 million and $920 million in the current quarter, beating a $890 million estimate from analysts polled by FactSet.

“We are operating like a company that is just getting started, and we believe the best chapters of the category and company are still ahead,” said CEO Spencer Rascoff during an earnings call Tuesday. “We are moving with urgency, we are obsessed with the product and we are building for the long term.”

Over the last year, Match and the broader online dating industry have grappled with slowing user engagement. The company has added more tools and features to its apps, including Tinder and Hinge, to lure back customers, especially Gen Z.

Match has also been the target of activists investors such as Starboard Value, which has pushed the company to innovate, cut costs and improve profitability or consider going private.

In an effort to revamp its business, Match appointed Zillow co-founder Rascoff as its new CEO in February. Under his direction, the company has implemented new artificial intelligence-powered tools and slashed roles.

Match also added new features such as AI-powered discovery to many of its services and a double date feature on Tinder. Rascoff on Tuesday said that 90% or customers using this feature are under age 30.

The company will also target the younger market with features geared toward college students and is planning to reinvest $50 million into new product development, Rascoff said.

In 2026 and 2027, Rascoff said he expects AI innovation and international growth to expand its Hinge platform’s leadership as Tinder becomes a “low-pressure, serendipitous experience designed for Gen Z.” Hinge, he said, is also on track to deliver quarterly year-over-year growth in 2025.

“Across the board, we believe the category will enter a new era, with renewed trust, strong demand and long-term growth potential,” he said.

Match posted in-line earnings of 49 cents per share. Revenues reached $864, topping the $854 million expected by analysts.

WATCH: Is Gen Z done with dating apps? Grindr CEO on generational trends

Is Gen Z done with dating apps? Grindr CEO on generational trends

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OpenAI is giving ChatGPT to the government for $1

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OpenAI is giving ChatGPT to the government for

OpenAI CEO Sam Altman speaks during the US Federal Reserve Board of Governors’ “Integrated Review of the Capital Framework for Large Banks Conference” at the Federal Reserve in Washington, DC, on July 22, 2025.

Mandel Ngan | AFP | Getty Images

OpenAI on Wednesday announced it will offer its ChatGPT Enterprise product to U.S. federal agencies for $1 through the next year, making its technology available to the federal executive branch workforce at “essentially no cost.”

The company has been working to deepen its ties to lawmakers and regulators in recent months, and it will open its first office in Washington, D.C., early next year.

OpenAI said participating agencies will get access to its frontier models through ChatGPT Enterprise, and it will also offer access to features like Advanced Voice Mode for an additional 60-day period.

The company has partnered with the U.S. General Services Administration to launch the initiative.

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“Helping government work better – making services faster, easier, and more reliable—is a key way to bring the benefits of AI to everyone,” OpenAI said in a blog post.  

In June, OpenAI launched a new offering called OpenAI for Government and said it was awarded a contract of up to $200 million by the U.S. Department of Defense.

The company is currently engaging in talks with investors about a potential stock sale at a valuation of roughly $500 billion, as CNBC previously reported.

OpenAI announced a $40 billion funding round in March at a $300 billion valuation, by far the largest amount ever raised by a private tech company.

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