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“#Amazon, JPMorgan, Berkshire shutter Haven health venture” A health care venture conceived by Amazon, Berkshire Hathaway and JPMorgan to attack soaring costs is dissolving. Haven, which was formed in 2018 by the three US corporate giants, will cease operations by the end of February, a company spokeswoman said Monday. She gave no reason for the…
“#These billionaires’ wealth ballooned by a record total in 2020” The past 12 months have been brutal for many Americans, with tens of millions losing their jobs due to the coronavirus pandemic. But for a handful of billionaires, 2020 has been nothing short of a bonanza. The 10 richest men in the world have added…
“#Jeff Bezos’ Washington Post on a hiring spree” The Jeff Bezos era has been very good to the Washington Post. The money-losing newspaper that the Amazon founder bought for $250 million in 2013 not only remains profitable but continues to grow with plans to add 44 journalism jobs in 2021, pushing the total newsroom staff…
“#MacKenzie Scott’s donations have shamed the boys of tech” MacKenzie Scott has done it again. Having already donated $1.7 billion to charity by this past July — and announcing that she’s no longer using the last name of her ex-husband, Jeff Bezos — she declared that she has donated another $4.2 billion to 384 organizations in…
“#Politicians press Jeff Bezos to raise wages, pay more taxes” Jeff Bezos has been put on notice by 400 politicians worldwide who are demanding that Amazon clean up its act as a global corporate citizen. In a letter to Amazon’s 56-year-old chief executive — the world’s richest man with a net worth of $185 billion…
“#Elon Musk still lags Bill Gates in philanthropy” Elon Musk may only be the world’s second-richest man, but he arguably holds the title for world’s cheapest. The Tesla chief has given away a paltry portion of his $128 billion fortune compared to more philanthropic billionaires like Microsoft co-founder Bill Gates. Musk, 49, has donated roughly…
“#Jeff Bezos sells another $3 billion in Amazon stock” Jeff Bezos sold another $3 billion worth of Amazon stock this week as his e-commerce empire’s share price continued to soar. The tech tycoon dumped 1 million Amazon shares over seven trades on Monday and Tuesday in his third batch of stock sales so far this…
“#Don’t trust banking behemoths’ 2020 election predictions” With Joe Biden up in the polls, pre-election positions should be easy. Load up the truck on shares of any company that can benefit from his embrace of the Green New Deal, like solar-panel companies. Sell Treasuries because Biden’s spending plan looks like President Trump’s — only on…
“#Microsoft joins with Elon Musk’s SpaceX to expand cloud-computing platform” Microsoft is partnering with billionaire entrepreneur Elon Musk-led SpaceX and others as it expands its cloud-computing platform into space, the software giant said Tuesday. The partnership would allow Microsoft to connect its Azure cloud computing platform to SpaceX’s network of low-Earth orbiting satellites, offering the…
“#Amazon unveils supermarket palm reader to lower checkout times” Amazon is getting into palm-reading — but it wants to sell you groceries rather than tell your fortune. The e-commerce colossus on Thursday officially announced a new checkout-counter device that will allow shoppers to pay for groceries at retail stores using the palms of their hands…