Nasdaq notches five-week streak: Longest since November 2021

Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its worst year since 2008, the … Read more

Jeff Bezos awards 40 grants worth $123 million to fight homelessness

Jeff Bezos is making his first donations since the Amazon founder pledged last week to give away most of his net worth, estimated at $116 billion. On Tuesday, the Bezos Day One Fund announced $123 million in grants to 40 organizations across the U.S. The Fund said it hoped the donations would “help families move … Read more

William Shatner’s Blue Origin space trip filled him with ‘dread’

Billionaire Jeff Bezos’s Blue Origin charges top dollar for trips to space, but some customers may feel “overwhelming sadness” on the journey. That’s how William Shatner describes feeling on his trip out of Earth’s atmosphere last year, which he took thanks to an invitation from the Amazon founder. The Star Trek alum describes the experience … Read more

With Ambuja Cement and ACC under his fold, Gautam Adani inches close to becoming world’s richest man

Gautam Adani, the man on a mission and promoter of the Adani Group, is poised to become the world’s richest with the addition of two new listed entities — Ambuja Cementand ACC — under his fold. Thanks to the relentless rally in the Indian equity market, Adani is already ranked number two, just behind Tesla’s … Read more

Bezos Loses Title of World’s Second Richest Man to Indian Billionaire

It was to be expected.  Jeff Bezos has lost the title of second richest man in the world behind Elon Musk, electric-vehicle leader Tesla’s  (TSLA)  chief executive.  The founder and executive chairman of tech and online-retail giant Amazon  (AMZN)   dropped to No. 3, on Sept. 16 at around 10:38 a.m in New York, according … Read more

Andy Jassy just wrapped up a rocky first year after as Amazon CEO

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Andy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. Celebrates is probably not the operative word. Jassy, a 25-year Amazon veteran, succeeded Jeff Bezos on … Read more

Amazon’s Bezos criticizes Biden admin, says inflation hurts the poor

Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images Amazon founder Jeff Bezos tweeted on Sunday that inflation is most hurtful to the least affluent in the … Read more

Jeff Bezos suggests Elon Musk Twitter takeover may give China leverage

Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas. Joe Raedle | Getty Images Amazon’s billionaire co-founder Jeff Bezos has weighed in on Elon Musk’s deal to buy … Read more