A charismatic founder with near-obsessive conviction, a business that bleeds money, and a stock price based on a wildly optimistic valuation. In 1997, Jeff Bezos took Amazon public at a price of $18 per share at a $438 million valuation.…
The world’s most-envied retirement plan has another high-profile booster: President Donald Trump. Riding high off public enthusiasm for the Trump Accounts for children, Trump last week renewed his focus on their parents and grandparents. And he said he’s looking to Australia’s private pensions,…
The US Justice Department launched a grand jury investigation into allegations that the head of the United Auto Workers pressured another high-ranking union official to secure benefits for his fiancée and her sister, according to internal communications within the labor…
Sen. Lindsey Graham, one of President Donald Trump’s closest allies in Congress who traveled the globe to advocate for a more aggressive U.S. foreign policy, has died after a “brief and sudden illness.” He was 71. His office’s statement posted on social…
U.S. stock futures dipped late Sunday while oil prices rose, but didn’t spike, as investors kept their cool after a weekend packed with new fighting in the Persian Gulf. Futures tied to the Dow Jones industrial average fell 100 points,…
Sen. Mitch McConnell on Sunday revealed for the first time that a fall led to his hospitalization, breaking the silence about his condition after weeks of mounting speculation about the Kentucky Republican’s health. McConnell, 84, said in a statement that he has undergone a…
The Walt Disney Company’s live action “Moana” may be the No. 1 movie at the domestic box office, but it did not make a big splash in its first weekend in theaters. The movie, which cost a reported $250 million to produce,…
An energy crisis is already ravaging Russia’s economy, and a banking crisis may soon erupt as a mountain of debt weighs on consumers and businesses. According to a European intelligence report seen by Reuters, the Kremlin has relied on banks…
Trinidad and Tobago has signed agreements paving the way for U.S. companies to begin groundwork for installing large data centers in the Caribbean nation, sparking concerns about potential energy consumption and environmental impacts. The memorandums of understanding with the Florida-headquartered Hummingbird AI…
The battle for the Strait of Hormuz is heating up as the U.S. and Iran exchange bigger and bigger blows to control the critical energy chokepoint. The past week has seen three rounds of strikes by the U.S. military, which…