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By MICHELLE CHAPMAN

General Motors posted strong financial results for its first quarter Tuesday, but says it will reassess its expectations for 2025 due to auto tariffs.

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The automaker is pushing back its conference call to discuss its guidance and quarterly results until Thursday, so that it can assess potential tariff changes.

GM said that its initial full-year financial forecast doesn’t contemplate the potential impact of tariffs. In January the company announced that it anticipated 2025 adjusted earnings in a range of $11 to $12 per share. read more

By WYATTE GRANTHAM-PHILIPS and JOSH BOAK

NEW YORK (AP) — Amazon says it’s not planning to list added tariff costs next to product prices on its site — despite speculation spanning from a report that claimed the e-commerce giant would soon show new import charges, as well as fiery comments from President Donald Trump’s White House denouncing such a move.

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The Trump administration’s reaction appeared to be based on a misinterpretation of internal plans being considered by Amazon, rather than a final decision made by the company. read more

By MICHELLE CHAPMAN, AP Business Writer

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles.

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The package delivery company said Tuesday that it anticipates making the job cuts this year. It anticipates closing 73 leased and owned buildings by the end of June. UPS said that it is still reviewing its network and may identify more buildings to be shuttered.

“The actions we are taking to reconfigure our network and reduce cost across our business could not be timelier,” CEO Carol Tomé said in a statement on Tuesday. “The macro environment may be uncertain, but with our actions, we will emerge as an even stronger, more nimble UPS.” read more

By DAMIAN J. TROISE, AP Business Writer

NEW YORK (AP) — Executives at some of the world’s biggest companies are faced with the tricky task of explaining how President Donald Trump’s tariffs are impacting their business as they discuss the latest financial results. Some are making their best estimate based on what they know at the moment; others are pulling their outlooks altogether.

The only certainty is that they’ll use a variation of the phrase “uncertain times” at least once as they speak with analysts.

Trump has imposed tariffs against key U.S. trading partners, while also postponing other tariffs to give companies a chance to negotiate. The process has left business and consumers uncertain amid a constantly shifting landscape. Over the last few months, tariffs have been announced and in some cases withdrawn within days.

Here’s what some of those companies are saying:

Kraft Heinz

Kraft Heinz is cutting its earnings forecast for the year, citing a volatile environment.

The maker of food staples, including its namesake ketchup and boxed macaroni & cheese, is under pressure along with other food companies as inflation continues squeezing consumers. Tariffs could force companies to raise prices on consumer staples and food products, further fueling inflation. read more

In a surprise move, Jack in the Box announced this week it would be closing as many as 200 of its restaurant locations, in addition to possibly unloading Del Taco, a chain it purchased only three years ago.

The latest initiative by the San Diego-based fast-food chain will allow it to focus more exclusively on the Jack in the Box brand, while shuttering underperforming restaurants and raising cash to eventually pay down $300 million in debt, the company’s new CEO, Lance Tucker, said.

The closing of dozens of locations, none of which have been announced yet, will be done in phases with the first 80 to 120 to be shuttered by the end of this year. The company is calling its new strategy, “JACK on Track.”

“We expect closing these restaurants will strengthen the overall long-term economics of our franchisees, free up dollars for reinvestment, and allow the system to focus on maximizing performance of our stronger restaurants,” Tucker said during a Wednesday conference call with analysts and investors. “In short, we anticipate this program will better position Jack in the Box for more reliable, consistent, positive unit growth in the future.” read more