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South American summit seeks roadmap to save Amazon

Video Credit: FRANCE 24 English - Duration: 02:12s - Published
South American summit seeks roadmap to save AmazonSouth American summit seeks roadmap to save Amazon

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Jeff Bezos Sells $4 Billion of Amazon Stock [Video]

Jeff Bezos Sells $4 Billion of Amazon Stock

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 [Video]

Economists Optimistic After Stocks Hit New Record

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
Amazon Prime Video Ads Are Here [Video]

Amazon Prime Video Ads Are Here

Amazon Prime , Video Ads Are Here. As of Jan. 29, Amazon Prime subscribers are being forced to pay another $3 per month if they'd like to watch content without ads, Gizmodo reports. The new monthly fee is in addition to the $139 a year Prime subscribers already pay. . The new monthly fee is in addition to the $139 a year Prime subscribers already pay. . According to Gizmodo, ads on Prime Video signify "the end of an era in streaming.". The implementation of the new structure means that the five biggest U.S. streaming services each have ads now. The last few years have seen Netflix, Disney+, Paramount+ and Max introduce ads as well. . Gizmodo reports that streamers can really only keep growing by raising subscription prices and introducing ads, so that's what they're doing. . Apple TV+ is one of the last major services that doesn't have ads, Gizmodo reports. As streaming becomes more costly and filled with advertisements, studios are investing less in additional content. . In 2023, Netflix produced 130 fewer shows compared to 2022, according to 'Bloomberg.'. Industry analysts report that competitors are taking a similar approach

Credit: Wibbitz Top Stories    Duration: 01:30Published

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Amazon summit agrees conservation roadmap but lacks concrete commitments [Video]

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Speaking at a meeting of eight South American countries in Belem, Brazil's Foreign Minister, Mauro Vieira, says "there has been an agreement...an understanding on the issue of deforestation" after the..

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Credit: Oneindia     Duration: 03:00Published