Tag Archives: Jeff Bezos

Trump Seeks To Double Amazon’s USPS Costs

The Washington Post reports: President Trump has personally pushed U.S. Postmaster General Megan Brennan to double the rate the Postal Service charges Amazon.com and other firms to ship packages, according to three people familiar with their conversations, a dramatic move that probably would cost these companies billions of dollars. Brennan has so far resisted Trump’s demand, explaining in multiple conversations ...

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Number Of World’s Billionaires Soars To 2754

CNBC reports: There are now more billionaires in the world than ever before: 2,754. That’s according to The Wealth-X Billionaire Census 2018, which finds that “the billionaire population and their wealth soared to record levels in 2017.” The United States accounts for 25 percent of the global billionaire population, Wealth-X finds though it’s home to just over 4 percent of ...

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Search For New Amazon HQ Hinges On LGBT Rights

The Washington Post reports: When Amazon executives recently toured the Dallas-Fort Worth area, one of 20 finalists for a second company headquarters, local officials touted its growing workforce and low taxes as perfectly suited to accommodate 50,000 planned Amazon jobs. But the local team also brought an unexpected guest: the Rev. Neil G. Cazares-Thomas, pastor of a predominantly gay megachurch ...

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Trump Orders Overhaul Of USPS Business Model

Another obvious attack on Jeff Bezos: President Trump, who has assailed Amazon.com and falsely accused the online retail giant of cheating the U.S. Postal Service by taking advantage of bulk delivery rates, on Thursday night ordered a sweeping overhaul of the Postal Service’s business model. Trump issued an executive order forming an administration task force, to be chaired by Treasury ...

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Preet Bharara To Bezos: Buy Twitter And Delete Trump

Raw Story reports: Former U.S. Attorney Preet Bharara made what must have been a tempting suggestion to Amazon founder Jeff Bezos: Buy Twitter and shut down President Donald Trump’s account. Amazon lost $53 billion in market capital recently after Axios reported that the president wanted to “go after” the company. Trump has had a long-running beef with Bezos, who also ...

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REPORT: Trump Obsessed With “Fucking With” Bezos

Vanity Fair reports: For the first time in Donald Trump’s presidency, the West Wing soap opera appears to be in hiatus, with many of its starring characters (Gary Cohn, Hope Hicks) either permanently offstage or with much reduced roles (John Kelly, Jared Kushner). Currently, there’s one star—a situation Trump is obviously enjoying—and his new freedom is used to focus ever ...

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Stock Slumps After Trump Again Threatens Amazon

Reuters reports: Shares of Amazon.com Inc fell 3 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the U.S. postal system and promised unspecified changes. Trump on Thursday accused Amazon of not paying enough tax, making the postal system lose money and putting small retailers out of business. But ...

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Trump Continues Attack On Amazon & Washington Post

The Hill reports: President Trump on Saturday claimed that The Washington Post is a “lobbyist” for Amazon. Trump made the claim during a pair of tweets railing against Amazon. The Post is owned by Amazon CEO Jeff Bezos. However, The Post and Amazon are two separate entities. This isn’t the first time that Trump has accused The Post of lobbying ...

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Trump Falsely Claims Amazon Pays “Little Or No” Sales Tax (Amazon Now Pays In All States With Sales Tax)

The Wall Street Journal reports: President Donald Trump criticized Amazon.com Inc. on Thursday, saying the e-commerce giant was “putting many thousands of retailers out of business.” Shares of Amazon.com slid on Wednesday amid speculation that the White House wanted to curb the company’s growing dominance. In a briefing on Wednesday, White House press secretary Sarah Huckabee Sanders said that Mr. ...

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REPORT: Trump “Obsessed” With Punishing Amazon

Axios reports: Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a source said. “Obsessed.” What we’re hearing: Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out ...

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Amazon Partners On Non-Profit Health Care Company

The Washington Post reports: Amazon is diving into health care, teaming up with Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care “at a reasonable cost.” The business giants offered few details Tuesday and said that the project is in the early planning stage. “The ballooning ...

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Trump Demands US Post Office Raise Prices To Ship For Amazon In Order To Punish WaPo Owner Jeff Bezos

Reuters reports: U.S. President Donald Trump targeted online retailer Amazon on Friday in a call for the country’s postal service to raise prices of shipments in order to recoup costs. The U.S. Postal Service is an independent agency within the federal government and does not receive tax dollars for operating expenses, according to its website. The organization makes up a ...

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Gates, Bezos, Buffett: America’s Three Richest People Are As Wealthy As 50% Of US Households Combined

The Guardian reports:  The three richest people in the US – Bill Gates, Jeff Bezos and Warren Buffett – own as much wealth as the bottom half of the US population, or 160 million people. Analysis of the wealth of America’s richest people found that Gates, Bezos and Buffett were sitting on a combined $248.5bn (£190bn) fortune. The Institute for ...

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Amazon CEO Jeff Bezos Made $10 Billion Today

CNN Money reports: Amazon stock jumped 13.5% on Friday after the company turned in another incredible earnings report — more than a quarter-billion dollars in profit in three months. CEO Jeff Bezos owned nearly 80 million shares in Amazon as of August, according to the most recent available data from FactSet. He made more than $10 billion from the one-day ...

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Jeff Bezos Becomes World’s Richest Person

At least for today. Bloomberg reports: A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of $90.9 billion, versus ...

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Jeff Bezos On Brink Of Becoming World’s Richest Man

The Guardian reports: Just a few dollars more on the Amazon share price and the world will have a new richest man. Jeff Bezos, the company’s founder, is on the brink of overtaking Bill Gates to become the wealthiest person on the planet. Bezos, 53, has been having a very good year. His net worth has risen by almost $20bn ...

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Amazon To Purchase Whole Foods In $13.7B Deal

CNBC reports: Amazon said Friday it plans to acquire Whole Foods Market for $42 a share, in a deal valued at $13.7 billion. Whole Foods’ John Mackey will remain CEO of the grocery store chain after the deal closes, and the store will continue to operate under the Whole Foods brand. Amazon’s offer represents a 27 percent premium to Whole ...

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Employees Pressure Amazon CEO Jeff Bezos To Block All Advertising From “Hateful And Bigoted” Breitbart

Buzzfeed reports: Inside Amazon, tensions are mounting as employees push management to stop running ads for Amazon products on Breitbart News. On March 22, a group of Amazon employees took issue with the company’s ads on Breitbart in an email to CEO Jeff Bezos and SVP Jeff Blackburn. Entitled “Amazon Must Stop Advertising on Breitbart News,” the email included a ...

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Amazon CEO Jeff Bezos Channels Ellen Ripley [VIDEO]

Get away from her, Amazon! Via Gizmodo: What would you do if you were a billionaire? Elon Musk is trying to get to Mars. Peter Thiel wants to live forever. And Jeff Bezos, well, Amazon CEO Jeff Bezos apparently wants to rule the world in a gigantic robot. At least that’s the impression you might get from the photos and ...

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Jeff Bezos: Fire Donald Trump Into Outer Space

As he does nearly every day, Donald Trump has reacted to a negative news report by declaring that the source is biased and unprofitable. Yesterday he accused Washington Post owner Jeff Bezos of running a tax dodge to benefit Amazon, which Bezos founded. Bezos, conveniently enough, is also owner of the Blue Origin rocket.

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