Morning Business Report: Amazon surpasses Walmart in revenue as Supreme Court strikes down Trump tariffs

Amazon has officially surpassed Walmart to become the largest global company by revenue, marking a significant shift in the business landscape.

(LILAMAX)- Amazon has officially surpassed Walmart to become the largest global company by revenue, marking a significant shift in the business landscape.

Over the past decade, Amazon’s revenue has grown at nearly ten times the pace of Walmart’s. While Walmart continues to dominate traditional retail, Amazon’s rapid expansion into cloud computing, entertainment, artificial intelligence and logistics has fueled its rise beyond e-commerce.

In other economic developments, the Supreme Court of the United States ruled against President Donald Trump’s tariffs, a decision that could provide relief to companies burdened by higher import costs and ease concerns about persistent inflation in the U.S. economy. Following the ruling, the European Union announced it would not accept any tariffs affected by the court’s decision.

Despite data showing economic growth slowed late last year, stocks closed higher Friday. Investors largely attributed the slowdown to the recent government shutdown, signaling continued confidence in broader market stability.

Airline stocks are also being closely watched after thousands of flights were canceled due to a powerful blizzard stretching from Delaware to Boston. The storm is expected to cost airlines significant revenue. Carriers waived change and cancellation fees ahead of the severe weather to assist affected travelers.

Meanwhile, new research highlights shifting drinking habits among younger generations. A study conducted by Talker Research on behalf of Josh Cellars found nearly half of Gen Z and millennials say their decision to drink alcohol often changes mid-evening depending on how the night unfolds. On average, respondents reported consuming about three alcoholic beverages and two non-alcoholic beverages per outing. The study also found 48 percent begin a typical night out with at least one decision in mind, including whether they plan to drink alcohol.

Together, the developments reflect ongoing changes across corporate leadership, trade policy, financial markets, weather-related disruptions and consumer behavior.