Categories Business

Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

May 8, 2025

Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday. Bezos,

Categories Business

Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

May 8, 2025

Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as

Categories Business

Temu halts shipping direct from China as de minimis tariff loophole is cut off

May 8, 2025

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent