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Jeff Bezos Selling Billions In Amazon Stock Amid Focus On Politics, Space Travel
Billionaire Jeff Bezos is planning to unload millions of Amazon shares, which could be worth about $5 billion.
Bezos will sell up to 25 million Amazon shares, according to a filing with the Securities and Exchange Commission on Friday, May 2. The sales are expected to be completed by Friday, May 29, 2026.
The shares could be worth up to $5 billion, depending on their value when sold. The tech giant's stock opened at $191.90 per share on May 2, down about 21% from its record high in early February.
Bezos, who serves as Amazon's executive chair, founded the company a…
Job Growth Beats Forecasts Despite Stalling Labor Market, Shrinking GDP Under Trump
Job growth moderately beat expectations in April, but was slightly down from the month before, as recession worries loom due to President Donald Trump's trade agenda.
The US economy added 177,000 jobs in April, according to Bureau of Labor Statistics data released on Friday, May 2. The national unemployment rate held steady at 4.2%, despite initial unemployment claims jumping to 241,000 for the week ending Monday, April 26.
The job gains were higher than the 133,000 forecasted by the Dow Jones, CNBC reported. April's numbers declined from March's total of 185,000, which …
Unemployment Claims Surge, GDP Shrinks As Recession Fears Rise Under Trump
Unemployment claims unexpectedly rose as the US economy shrank amid President Donald Trump's sweeping tariffs, further escalating concerns of a coming recession.
Initial unemployment claims jumped to 241,000 for the week ending Monday, April 26, according to Department of Labor data released on Thursday, May 1. That's the largest weekly number since February and 18,000 more than the prior week.
The surge pushed the four-week moving average to 226,000 first unemployment claims. The 241,000 claims were also well above the Dow Jones estimate of 225,000, CNBC reported.
Continued…
Greenwich Hedge Fund Owner Admits To Stealing $3.4M From Investors: DOJ
A Connecticut businessman who ran a hedge fund based in Greenwich has admitted to stealing millions from investors in a years-long scam.
Justin C. Murphy, 50, of Stamford, pleaded guilty in federal court to wire fraud and money laundering, the US Attorney for Connecticut said. He faces up to 30 years in prison.
Prosecutors say he misled clients, faked financial statements, and used their money to fund his lifestyle, including investing in a relative’s startup.
Murphy owned and operated Mara Investment Group, also known by similar names, claiming it was a hedge fund that used a smart,…
