Perhaps Jeff Bezos, just 57 and with plenty of things on his plate, is getting out when the getting is good.
The GameStop surge is often cast as a triumph of amateurs over professionals. Which it was, to a degree. But it also was a trade that pitted professionals against other professionals.
Democrats may be forced to scale back their ambitions for a $1.9 trillion coronavirus relief package as one key senator, West Virginia's Joe Manchin, has said he won't support trying to stretch the rules governing the budget process.
Apple Inc. is close to a deal to make its autonomous electric-vehicle with Kia-Hyundai, CNBC reported late Wednesday.
IAC/InteractiveCorp. once again saw strong momentum for its Vimeo unit, though growth at home-improvement platform ANGI Homeservices Inc. slowed as the pandemic impacted demand for indoor projects.
Oil futures climb on Wednesday to score another finish at the highest in a year, finding support from expectations that U.S. economic stimulus measures will boost energy demand and a modest weekly decline in U.S. crude inventories.
Over long periods, analysts' upgrades help drive stock prices higher.
EBay Inc. shares rose nearly 10% in after-hours trading Wednesday after the online marketplace provider's results beat expectations as revenue rose along with gross merchandise volume during the quarter that included the holidays.
