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Tensions between the U.S. and Iran fuel dollar strength and oil price gains, while critical US economic data and private equity concerns pressure markets amid cautious consumer outlooks.
Scotiabank increased Amazon's price target to $300, highlighting strong profit growth prospects and cautious yet steady consumer demand under CEO Andy Jassy's leadership.
Amazon plans to hire 250,000 holiday workers, maintaining strong seasonal staffing despite softer job market and tariff concerns impacting retailers.