Morning Business Report: Amazon refunds, Universal’s epic launch, and summer BBQ trends
Amazon is sending out unexpected refunds and apologies to customers after an internal review uncovered “unresolved” reimbursement issues dating as far back as 2018, according to Bloomberg.
(LILAMAX)- Amazon is sending out unexpected refunds and apologies to customers after an internal review uncovered “unresolved” reimbursement issues dating as far back as 2018, according to Bloomberg. The total scope and cost of the payouts remain unclear, but some customers have reported receiving refunds for returns made over five years ago. Amazon CFO Brian Olsavsky confirmed a $1.1 billion financial impact in the first quarter tied to “historical customer returns.” The revelation comes amid an ongoing lawsuit regarding refund policies for merchandise returned at Amazon kiosks.
Universal is aiming to shake up Orlando’s theme park landscape with the grand opening of its $7 billion Epic Universe. The highly anticipated park, which features new attractions based on major franchises like “Harry Potter,” opens this week. Analysts say the park could threaten Disney’s long-held supremacy in the area. Universal’s original Wizarding World boosted park attendance by 36% following its 2010 debut—setting high expectations for this latest expansion.
U.S. stocks pulled back slightly, ending a recent streak of gains. Still, all three major indexes remain above their April 2 levels—the day former President Trump announced his import tax policy. Investors continue to monitor the impact of trade policy on market performance.
Hartsfield-Jackson Atlanta International Airport has once again earned the title of the world’s busiest airport, a distinction it has held for 25 consecutive years. In 2024, it served 108 million passengers. Dubai International Airport came in second, handling 92 million passengers, thanks to its prime location connecting Europe, Asia, and the Middle East.
A new survey by Talker Research on behalf of SpartanNash reveals that two-thirds of Americans consider summer grilling season their favorite time of year. The average person plans to attend five barbecues and host four this summer. Interestingly, over a quarter of respondents admit they look forward to summer BBQs all year long—regardless of the season.
