It’s so ironic, and also … let me find just the right word … so darn gratifying. A man who spent the whole week demeaning a woman, going on any platform that would have him to criticize her, turning tail and hiding when he got pushback for being sexist and loud and wrong. It served absolutely no purpose last week to highlight the outdated-yet-still-breathing brand of misogyny employed by Jeff Garcia, because it wasn’t new. Garcia wasn’t the first man to cry that a woman who never played… Source link
Read More »Don’t expect ‘old school’ inflation anytime soon: DoubleLine’s Jeff Sherman
The days of sub 2% inflation — as measured by the Consumer Price Index (CPI) — look over for quite some time, thinks DoubleLine’s co-chief investment officer Jeff Sherman. Sherman assigns the blame to the ongoing COVID-19 pandemic, and in part the extremely easy monetary policy employed by the Federal Reserve to gin up the economy throughout the health crisis. “I don’t think we are going back to the old school one and a half to 2% inflation because it’s permeated the psyche for a period… Source link
Read More »A mom told Jeff Bezos that Amazon was underpaying her $90 a month, sparking an internal probe that found the company was shortchanging some workers, a report says
Jeff Bezos, Amazon’s founder. Alex Wong/Getty Images An Amazon worker on leave emailed Jeff Bezos to say she’d been underpaid, The New York Times said. A subsequent investigation found that Amazon was systematically underpaying some workers on leave. A spokesperson told The Times that Amazon was still identifying underpaid workers. An email sent to Jeff Bezos from an Amazon worker who was on leave triggered an internal investigation that exposed flaws with the company’s payroll system, The New… Source link
Read More »Virgin Galactic’s Richard Branson takes suborbital space trip, stealing the spotlight from Jeff Bezos
Virgin Galactic’s SpaceShipTwo rocket plane, VSS Unity, fires up its hybrid rocket motor to head spaceward. (Virgin Galactic via YouTube) Virgin Galactic founder Richard Branson rode his company’s SpaceShipTwo rocket plane into the skies over New Mexico today and did something that no billionaire has done before. In the company of five crewmates, Branson became the first billionaire to take a rocket-powered ride on his own company’s spaceship, rising above the 50-mile mark that the… Source link
Read More »Amazon stock ready for blast-off before Jeff Bezos reaches space?
Amazon (AMZN) officially has a CEO not named Jeff Bezos as of Monday (it’s Andy Jassy), but a stock price that’s acting like it normally does: moving up and to the right. Shares of the tech beast have surged 14% to $3,642 in the past month in the lead-up to Jassy assuming the CEO mantle from the soon-to-be astronaut Bezos. As of Tuesday afternoon trading, Amazon’s ticker page was the most trafficked on the Yahoo Finance platform — beating out Didi (stock down 21% after a China crackdown… Source link
Read More »Jeff Bezos made Amazon a behemoth, but his legacy is complicated
On July 5, Jeff Bezos will officially step down as CEO of the company he founded in 1994. Amazon (AMZN) will continue to exist, of course: It’s one of the most highly valued publicly traded companies in the world with a market capitalization of $1.7 trillion. But Bezos’ decision to leave the post, nevertheless, marks a new era for the e-commerce giant. The richest person on Earth, Bezos kick started the e-commerce revolution, forcing rivals like Walmart (WMT) to jump into the arena or be… Source link
Read More »Jeff Bezos accused his girlfriend’s brother of hiding ownership of a $2.5 million property to avoid paying his legal fees, court filings show
Jeff Bezos said in a court filing that Michael Sanchez tried to avoid paying a defamation judgment. The filing accused Sanchez of transferring his California residence to a limited liability company. Thursday’s court filing marked the latest development in an ongoing legal battle. See more stories on Insider’s business page. Amazon CEO Jeff Bezos on Thursday said in a court filing that his girlfriend’s brother tried to avoid reimbursing his legal fees by hiding his ownership of a $2.5 million… Source link
Read More »More than 41,000 people have signed petitions to stop Jeff Bezos from returning to Earth after his trip to space next month
Jeff Bezos is set to launch aboard the New Shepard rocket on July 20. Mandel Ngan/AFP via Getty Images; Blue Origin Petitions to stop Jeff Bezos’ Earth re-entry collected more than 41,000 signatures between them. The one with the most signatures is entitled: “Do not allow Jeff Bezos to return to Earth.” Bezos will fly into space on July 20 for Blue Origin’s first human flight of New Shepard rocket. See more stories on Insider’s business page. More than 41,000 people have signed petitions calling… Source link
Read More »More than 41,000 people have signed petitions to stop Jeff Bezos from returning to Earth after his trip to space next month
Jeff Bezos is set to launch aboard the New Shepard rocket on July 20. Mandel Ngan/AFP via Getty Images; Blue Origin Petitions to stop Jeff Bezos’ Earth re-entry collected more than 41,000 signatures between them. The one with the most signatures is entitled: “Do not allow Jeff Bezos to return to Earth.” Bezos will fly into space on July 20 for Blue Origin’s first human flight of New Shepard rocket. See more stories on Insider’s business page. More than 41,000 people have signed petitions calling… Source link
Read More »Amazon founder Jeff Bezos named as secret owner of luxury $500m superyacht
Jeff and Lauren Sanchez (inset) and the Black Pearl (AFP via Getty Images and OceanCo) Jeff Bezos, the billionaire founder of Amazon, is finally set to join the gilded ranks of the haves and have-yachts. The world’s richest man has been named as the soon-to-be proud owner of one of the most expensive and extravagant superyachts ever built. At 127metres (420ft) the craft – known only by its project name Y721 – will be as long as the Great Pyramid at Giza is tall, and loaded with… Source link
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