Amazon signed a long-term data-center power deal, yet higher interest rates and record fuel raise costs for shipping and shoppers, which cancel each other out.
Higher interest rates and record fuel raise Amazon’s cost of running delivery and could slow consumer spending. At the same time, Amazon arranged long-term backup power purchases for its data centers, which supports its cloud resilience. Those positive and negative facts are roughly balanced in the story, so I read this as neither a clear positive nor negative for Amazon today.
General Motors fell about 4% this week, showing auto makers faced downward price pressure amid rising fuel and rates.
Ford logged a losing week and its stock fell about 5%, reflecting pressure on automakers from higher fuel and rates.
J.B. Hunt warned third-quarter profit would fall 5% to 10% because of added driver costs and higher fuel.
Schneider National fell alongside other carriers as fuel pushed trucking costs higher.
Old Dominion Freight Line fell with peers as diesel records raised operating costs for carriers.
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