According to filings Wednesday with the Securities and Exchange Commission, Bezos sold nearly 740,000 shares on Monday and Tuesday for about $2.48 billion. The stock sales were pre-arranged through a 10b5-1 trading plan, according to the filings.
Uber Technologies Inc.’s business continued to recover in the first quarter as COVID-19 restrictions eased, and the sale of its self-driving unit helped produce the smallest quarterly loss in its history as a public company.
The contrasting lines of questioning illustrated what antitrust experts claim is the case’s core legal issue: How Judge Yvonne Gonzalez Rogers, who is presiding over the trial, defines the relevant market — which is essential in proving whether a monopoly exists in a market.
Boston Fed President Eric Rosengren said Wednesday that higher U.S. inflation over the next few months should be temporary — just as the shortage of toilet paper last year
Cathie Wood’s ARK Innovation exchange-traded fund is significantly oversold and due for a bounce, but if it doesn’t come the popular fund risks suffering a “waterfall” decline, says one chart watcher.
PayPal Holdings Inc. saw a record amount of volume flow through its platform in the first quarter as the e-commerce wave continued even amid the gradual reopening of the in-person economy.
Booking Holdings Inc. continued to struggle with the decline of the travel industry in the first three months of 2021, as revenue was cut in half from a year ago.
Costco Wholesale Corp. said late Wednesday its April sales rose 34% to $15.21 billion, with online sales slowing down from the early months of pandemic-fueled stockpiling.
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 154 million on Wednesday, and the World Health Organization said cases had remained at their highest levels since the start of the outbreak for a second straight week.
The Biden administration is blocking a Trump-era regulation that would have made it easier to classify gig workers and others as independent contractors, a policy that had been sought by companies such as food-delivery and ride-sharing services.