All the companies in Jeff Bezos’s empire, in one (large) chart

Jeff Bezos is now the richest person in the world. And he’s got a massive empire to go with that title. His empire encompasses not just e-commerce, but also news organizations, robotics companies and coupon sites. Oh, and ever heard of Google, Airbnb or Uber? Bezos is an investor in those companies, too. On Thursday, Bezos’s net worth hit $90.7 billion, propelling him past Bill Gates to become the richest person in the world, according to the billionaire rankings done by Forbes and Bloomberg. On his way to that title, Bezos has made a number of investments and acquisitions. Here is a snapshot of his empire, as compiled by Visual Capitalist: Bezos has made the acquisitions through a variety of

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  Look Out, Bezos: Mark Zuckerberg Is Now the World's Fifth Richest Person

  Fortune
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  Jeff Bezos' brief stint as world's richest human ends with Amazon's second-quarter whiff

  TechCrunch

Boeing: Capitulation Time Again

Yesterday, Boeing (BA) posted its biggest gain since October 2008, pushing it to a new all-time high. Boeing's shares were upgraded by RBC, Credit Suisse, BofA Merrill Lynch, and Goldman Sachs. This was based on our analysis of Boeing historical results that showed it generates its best margins when revenue is weighted towards planes that have been in production for many years, and margins have typically come under pressure when it introduces new models, as we expected with the 737 MAX and, eventually, 777X. While nearly all of the ramp on the MAX is yet to come, Boeing’s smooth transition to the MAX so far shows that this is nothing like the prior derivative programs (737 Classic to 737NG and 747-400 to 747-8) that drove significant operating issues for Boeing in the past.

Airbus Slashes Superjumbo Output, Says A320 Fix Unreliable

Airbus SE said it will almost halve production of its slow-selling A380 superjumbo, casting further doubt over the program’s future, while warning that engine glitches are still weighing on deliveries of the single-aisle A320 that’s due to become its largest-volume model. The A380 build rate will be reduced to eight jets a year in 2019, down from 15 this year and 28 in 2016, Airbus said Wednesday. “Even if we should get another order before the end of the year that will not change the needle on our rate decision, except if we would get an unexpectedly high order, Chief Executive Officer Tom Enders told reporters. As the A380 struggles for survival, Airbus faces a host of issues with other models that it’s relying on for future earnings.

• Pratt engine issue delays Airbus plane deliveries to Indian carriers

  Reuters
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  Pratt & Whitney in hot seat as Airbus profits fall

  Reuters