Parler sues Amazon in response to being deplatformed
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Parler sues Amazon in response to being deplatformed
Parler sued Amazon in response to cutting off its services, alleging an antitrust violation, breach of contract and interference with the company’s business relationships with users.
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
In a stunning turn of events, Tesla CEO Elon Musk has been dethroned as the world's richest person, with Amazon founder Jeff Bezos reclaiming the top spot. Join us as we delve into this dramatic shift in the billionaire rankings.
#ElonMusk #WorldsRichestPerson #JeffBezos #BloombergReport #BloombaergBillionaireIndex #ElonMuskvsJeffBezos #FinancialNews
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Jeff Bezos Sells $4 Billion , of Amazon Stock.
Earlier this month, Amazon
revealed that Bezos would be offloading
50 million shares by Jan. 31, 2025.
Earlier this month, Amazon
revealed that Bezos would be offloading
50 million shares by Jan. 31, 2025.
According to regulatory filings,
since Feb. 9, Bezos sold 24 million shares
over the course of four trading days.
The last time he sold stocks was
in 2021, Yahoo Finance reports. .
Bezos, one of the world's richest men, didn't
provide a reason for the timing of his recent sale. .
But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .
But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .
In 2022, Washington instituted
a 7% capital gains tax.
Bezos' decision to move to Florida will likely save
him $288 million so far, Yahoo Finance reports. .
"Because Bezos has only ever bought a single
share of Amazon," it's likely that he's had the stock, since the formation of the company, "and therefore
virtually all of their value would be considered
capital gains," according to 'Bloomberg.'.
According to Washington officials, capital gains tax brought in $855 million last year.
Over half of that amount
came from only 10 people. .
In March 2023, billionaire Ken Fisher said he would move from Washington to Texas.
Credit: Wibbitz Top Stories Duration: 01:31Published
Economists Optimistic, After Stocks Hit, New Record.
NPR reports that the S&P 500 has risen
above 5,000 for the first time in history.
The broad-based U.S. index of the most-known companies around the globe opened over the
historic milestone at the opening bell on February 9. .
Investors are feeling
optimistic that we have
sidestepped a recession, Sam Stovall, chief investment strategist
at the financial research firm CFRA, via NPR.
According to the latest economic data, the Federal
Reserve appears poised to pull off its goal of achieving
a so-called "soft landing" for the U.S. economy. .
The potential good news comes after a year-long
rate-hiking campaign by the Fed to combat high
inflation amid widespread fears of a recession.
So far, the S&P 500 is up over 5%
in 2024, coming off of a strong 2023,
which saw the index gain 24%.
NPR reports that a select group of stocks,
referred to as "The Magnificent Seven,"
accounted for most of the market's broader gains.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
It's a couple growth sectors,
and that's it. What's leading
the market is still more
growth-y, tech-y stocks, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR.
If you look at the history,
my guess is we spend some
time above 5,000, probably
spend some time below 5,000, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR.
And I think we
can actually move
well beyond 5,000, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published