• Amazon CEO Jeff Bezos’s Net Worth Tops Pre-Divorce Height: Bloomberg Index

    Amazon CEO Jeff Bezos's Net Worth Tops Pre-Divorce Height: Bloomberg IndexAmazon Inc. (NASDAQ: AMZN) Chief Executive Officer Jeff Bezos's net worth hit an all-time high on Wednesday, topping the pre-divorce levels, according to the Bloomberg Billionaires Index.The e-commerce company's founder is now worth $171.6 billion after Amazon shares closed nearly 4.4% higher at $2,878.80 in the day.Bezos's previous record was a net worth of $167.7 billion — reached in September, 2018, according to Bloomberg.The 56-year old's wife MacKenzie Bezos had received about 19.7 million Amazon shares as part of their divorce settlement in July last year.Mackenzie Bezos's shares are worth about $56.9 billion on Wednesday, making her the second richest woman and the twelfth richest person overall on the Bloomberg index.Amazon's stock has seen a massive surge this year, adding $56.7 billion to Bezos's net worth so far, as the novel coronavirus (COVID-19) pandemic increased the demand for some of its core services, including the e-commerce segment, cloud computing business, and streaming video on demand service Prime Video.Price Action Amazon stock closed at $2,878.70, 4.35% higher, on Wednesday and was trading 0.43% higher at $2,891.22 in the pre-markets at press time.Image: WikimediaSee more from Benzinga * Facebook, Amazon, Apple, Google CEOs Agree To Jointly Testify Before Congress In Antitrust Case * Netflix Commits 0M To 'Support Black Communities' In US * Here's How Much Investing ,000 In Bitcoin 5 Years Ago Would Be Worth Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Activision Clears Flat Base

    Activision Clears Flat BaseAn outside day for Activision put its mild breakout into a higher gear. It’s still in buy range.

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  • Acorns launches new feature to invest for a child from birth

    Acorns launches new feature to invest for a child from birthAcorns CEO Noah Kerner joins Yahoo Finance’s On The Move panel to explain why its important to invest in apps.

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  • U.S. unemployment rate fell to 11.1% in June

    U.S. unemployment rate fell to 11.1% in JuneYahoo Finance’s Jess Smith breaks down the numbers for the June Jobs report.

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  • BioHiTech Global, Inc. (NASDAQ:BHTG) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

    BioHiTech Global, Inc. (NASDAQ:BHTG) Consensus Forecasts Have Become A Little Darker Since Its Latest ReportShareholders will be ecstatic, with their stake up 39% over the past week following BioHiTech Global, Inc.'s…

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  • Lam Research Jumps With Chips

    Lam Research Jumps With ChipsLam Research jumped Tuesday, momentarily moving past a 325.22 cup-with-handle buy point. Probably already actionable from downward-sloping trend line. Blue Dot Special – stocks with RS at new high that haven’t broken out.

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  • Analysts Have Just Cut Their Capstone Turbine Corporation (NASDAQ:CPST) Revenue Estimates By 14%

    Analysts Have Just Cut Their Capstone Turbine Corporation (NASDAQ:CPST) Revenue Estimates By 14%The latest analyst coverage could presage a bad day for Capstone Turbine Corporation (NASDAQ:CPST), with the analysts…

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  • American Airlines warns of 25% drop in international capacity in 2021 summer

    American Airlines warns of 25% drop in international capacity in 2021 summerThe company will also discontinue several international routes that were once popular leisure destinations but are now expected to see decreased demand. “In an effort to match low demand resulting from the coronavirus outbreak, the airline will realign its network with the goal of improving long-term profitability,” the company said in a statement.

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  • Exxon signals second quarterly loss in a row on production, refining hit

    Exxon signals second quarterly loss in a row on production, refining hitRivals Royal Dutch Shell and BP Plc have disclosed massive spending cuts and writedowns due to the price drop. The company’s oil and gas operations will swing to a loss compared with the first quarter because of lower prices that reduce operating profit between $2.5 billion and $3.1 billion, the company said in a filing designed to give investors a snapshot of its operations. Its refining unit will suffer losses estimated to be between $800 million and $1.l billion, larger than its first quarter loss, it said.

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