Here's a look ahead at what will be making headlines Friday, July 28th.Read More »
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
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.
Amazon.com (AMZN) will hire thousands of new full-time employees on-the-spot to fill 50,000 available fulfillment network positions during its first "Amazon Jobs Day" on August 2, the company said in a statement. The retail giant will open 10 fulfillment centers for tours and information sessions and wants to hire qualified candidates who apply on-site that day. The plan is for new hires to walk in for an interview and walk out with a job offer. Watch: Why Your Dream Job Might Not Be Advertised Online The full-time jobs offer benefits starting the day employees are hired, company stock options and the chance to go back to school through the company's Career Choice program. Amazon will also hire