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Evercore ISI Senior Managing Director Mark Mahaney explains why he is bullish on AI and examines Amazon and Google stocks on 'Varney & Co.' Amazon will impose new fees later this month on third-party sellers as rising oil prices tied to the ongoing war with Iran ripple through the U.S. economy, a shift that could ultimately push costs onto consumers. The company said it will begin charging a 3.5% \"fuel and logistics-related surcharge\" on sellers who use its fulfillment services starting April 17 in the U.S. and Canada, citing higher transportation and shipping expenses. The move follows a sharp rise in oil prices, which are increasing costs across global supply chains. West Texas Intermediate crude topped $111 on Friday, while global Brent crude was around $109 per barrel, as investors assessed how long the conflict could disrupt shipments through the Strait of Hormuz – a critical global oil chokepoint. A worker near packages in an Amazon delivery vehicle in San Francisco, California, on Monday, Feb. 2, 2026. (David Paul Morris/Bloomberg via Getty Images) Amazon told FOX Business that the surcharge is designed to offset \"elevated costs in fuel and logistics.\" The company noted it had absorbed those increases until now but is aligning with a broader industry shift toward passing through higher expenses. Shipping providers including UPS, FedEx and the U.S. Postal Service have also implemented or announced fuel surcharges in recent weeks, signaling mounting strain across logistics networks as fuel prices climb. Amazon shares are up 17.5% over the past year and are down 9.1% year to date.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…