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.
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Steve Cohen’s Point72 and Ken Griffin’s Citadel lead 2024 hedge fund rebound
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%.
Ozempic could be linked to a common cause of sudden blindness, study says
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...
Hollywood enters a frugal new era
As austerity hits Tinseltown, rivalries are giving way to alliances
A doomed EV startup is trying to sell leftover SUVs for 80% off
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...
News Corp’s OpenAI deal puts publisher on ‘cutting edge of digital age,’ CEO Robert Thomson says
“Having a role in fashioning the future is definitely preferable to being a prisoner of the past,” News Corp CEO Robert Thomson said.
Mark Zuckerberg boasts Threads breaks 175M active monthly users ahead of 1-year anniversary
Meta Platforms' newest social media offering, Threads, has over 175 million monthly active users, Mark Zuckerberg revealed, two days ahead of its first anniversary.
What stores are open and closed this July 4th?
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...
Amazon mysteriously pulls its gift cards from NY retailers: report
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 will pay women and disabled workers $14 million to settle discrimination claims
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...
Potential Tesla buyers are going elsewhere thanks to Elon Musk’s ‘Erratic, Impulsive’ Behavior: Study
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
Netflix stock is still a buy, strategist says
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...
Paramount soars as Skydance reaches new deal to buy controlling stake from Redstone
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.
People are shooting down Walmart delivery drones
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
Over 20,000 Tesco staff to split £30m from share schemes
The supermarket says most staff in line to receive a share of the windfall work on the shop floor.
United Airlines will use AI to text you about the weather
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 is hot. But 4 companies in the S&P 500 are on an even hotter streak
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...
Rising gas prices could impact Americans' Fourth of July plans
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...
Labor market continues to cool as applications for unemployment benefits rise
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 had to cut breakfast hours in Australia because of an egg shortage
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...
Biden approved a big offshore wind project that Trump wants to veto
The Biden administration this week approved a major offshore wind project that former president Donald Trump said he’d veto if elected. Read more...
Ex-Post Office chair denies hiding key Horizon report
Tim Parker says he did not share a report with the Post Office board following advice from lawyers.
Alaska Airlines flight attendants will now get paid for helping you board the plane
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
Tesla bull Cathie Wood's ARK just sold $15 million worth of the stock
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...
Jeff Bezos is selling $5 billion worth of Amazon stock — his fourth sale this year
After selling off about 50 million shares of Amazon stock in February, Jeff Bezos said he plans to sell millions more. Read more...
Disney CEO Bob Iger, wife to buy controlling stake in LA women’s soccer team Angel City FC for $50M
Bay and Iger will replace Reddit co-founder Alexis Ohanian as the controlling shareholder of Angel City FC.
Apple just got an OpenAI board seat. That's probably bad for Microsoft
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,
More than half of young workers take a 'quiet vacation' for Fourth of July
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...
