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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…
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.
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