According to filings Wednesday with the Securities and Exchange Commission, Bezos sold nearly 740,000 shares on Monday and Tuesday for about $2.48 billion. The stock sales were prearranged through a 10b5-1 trading plan, according to the filings. Read More...
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This week in Bidenomics: Shortages bite
Nobody saw this coming a year ago, when coronavirus shutdowns caused an abrupt recession: A shortage of workers and goods is now holding back the economy.Economists expected employers to create around 1 million new jobs in April, and the unemployment rate to drop. But they added just 266,000 jobs, and the unemployment rate rose. A big part of the explanation: widespread shortages—including workers—that have cut into production.
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