Jeff Bezos to sell $5B worth of Amazon shares as stock hits all-time high
The notice came as Amazon shares closed at $200, the highest since the company's listing in the late 1990s.
The notice came as Amazon shares closed at $200, the highest since the company's listing in the late 1990s.
Citadel, the firm founded by billionaire Ken Griffin, saw its flagship Wellington fund rise 8.1% by the end of June while Millennium rose 6.9%.
Novo Nordisk’s blockbuster diabetes and weight loss drugs Ozempic and Wegovy may have a potential link with an eye condition that causes vision loss, according to a new study published Wednesday in JAMA Ophthalmology Read more...
As austerity hits Tinseltown, rivalries are giving way to alliances
The struggling California electric vehicle startup Fisker is asking the court overseeing its bankruptcy case for permission to sell its remaining EVs for about $14,000 — a nearly 80% discount off the original price of its flagship models. Read more...
“Having a role in fashioning the future is definitely preferable to being a prisoner of the past,” News Corp CEO Robert Thomson said.
Meta Platforms' newest social media offering, Threads, has over 175 million monthly active users, Mark Zuckerberg revealed, two days ahead of its first anniversary.
Independence Day, commonly known as the Fourth of July, is celebrated widely to commemorate the passage of the Declaration of Independence, in which 13 colonies formally declared separation from Great Britain . Read more...
The e-commerce giant has allegedly pulled its gift cards from Wegmans, CVS, Walgreens, Tops, Dollar Tree and Dollar General locations across the state.
Microsoft reached a $14.4 million settlement with California’s Civil Rights Department to resolve claims that it discriminated and retaliated against women and disabled workers when they took protective leave. Read more...
Tesla is having a heck of a time right now. The rollout of its flagship Cybertruck has been fraught with issues, sales of its entire lineup are stagnating and investors are getting worried that big boss Elon Musk is distracted by his other ventures, such as SpaceX and his
Shelby McFaddin, an investment analyst at Motley Fool Asset Management, spoke with Quartz for the latest installment of our “Smart Investing” video series. Read more...
Shares of Paramount Global jumped 6.5% on Wednesday after reports said Shari Redstone's National Amusements had reached a preliminary deal to sell its controlling interest in the storied media company to David Ellison's Skydance Media.
Walmart recently partnered with drone delivery startup Wing to offer packages shipped same-day by air. There is a laundry list of hurdles to overcome in order for this to be a reality , from regulatory approval, technological integration, and simply making it cost-effective to
The supermarket says most staff in line to receive a share of the windfall work on the shop floor.
United Airlines has figured out a new use for artificial intelligence, and that’s talking about the weather. The airline announced Wednesday that it will start using generative AI to text passengers links to live radar maps during flight delays, 75% of which are caused by the
Nvidia has undoubtedly been one of the biggest winners of the artificial intelligence boom, delivering record earnings and a soaring stock performance so far this year. Read more...
Sixty million Americans are expected to travel by car this Fourth of July weekend – but rising gas prices could put a damper on Independence Day travel plans. Read more...
First-time applications for unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual cooling in the labor market.
McDonald’s in Australia has an egg shortage — and it’s scaling back the hours it will serve breakfast as it aims to work around a bird flu outbreak that has inundated the nation’s poultry supply. Read more...
The Biden administration this week approved a major offshore wind project that former president Donald Trump said he’d veto if elected. Read more...
Tim Parker says he did not share a report with the Post Office board following advice from lawyers.
Flight attendants for Alaska Airlines are getting a big pay bump. The union representing them, the Association of Flight Attendants, just revealed the details of a tentative agreement struck with the company in June after nearly two years of negotiations. Its members will get
As Tesla’s stock is surging, Ark Invest, led by Cathie Wood, has made significant adjustments to its portfolio by selling off a substantial number of Tesla shares. Read more...
After selling off about 50 million shares of Amazon stock in February, Jeff Bezos said he plans to sell millions more. Read more...
Bay and Iger will replace Reddit co-founder Alexis Ohanian as the controlling shareholder of Angel City FC.
While Microsoft was worrying about Google’s AI dominance , it should have been worried about Apple. Apple may have been quiet on AI while its rivals brought innovation after innovation to the budding market for generative artificial intelligence, but in typical Apple fashion,
Only 10% of American workers say that their offices are closed for the entire week of Independence Day – but apparently that hasn’t stopped more than half of Gen Z-ers and Millennials from “quiet vacationing” in the first week of July. Read more...