Bezos sells Amazon shares worth $3.1 bln

Bezos Sells $3.1 Billion In Amazon Stock

Amazon CEO Jeff Bezos sold more than $3.1 billion worth of his company's stock between Monday and Tuesday. Business Insider reports the two-day selling spree surpassed the $2.8 billion worth of Amazon shares he sold through all of 2019. Bezos' latest sales also bring his 2020 total windfall to roughly $7.2 billion. Bezos still holds about 54 million shares, worth about $173 billion as of Wednesday's close.

Amazon's 2020 Second Quarter Was Its Biggest Ever

Amazon's Q2 2020 was its biggest online sales quarter ever due to the coronavirus pandemic. Amazon racked up $45.8 billion in global online store net sales in the second quarter of 2020. Amazon exceeded the $45.7 billion it brought in during the forth-quarter of 2019. Business Insider reports that Its Prime subscription thrived in the second quarter, building Amazon's base of loyal customers.

U.S. lawmakers accuse Big Tech of crushing rivals

Google and Facebook took particularly sharp jabs for alleged abuse of their market power from Democrats and Republicans on Wednesday in a much-anticipated congressional hearing that put four of America's most prominent tech CEOs in the hot seat. This report produced by Chris Dignam.

Big tech CEOs testify on companies' practices

Facebook's Mark Zuckerberg, Amazon's Jeff Bezos, Sundar Pichai of Google andTim Cook of Apple are testifying on their companies' practices before Congressin a year-long investigation into market dominance in the industry.

Investing beyond stay-at-home stocks

John Hancock Global Thematic Opportunities Fund's Gert Van Der Geer identifies long-term themes that haven't played out in the market yet. He tells Reuters' Fred Katayama medical technology companies such as Boston Scientific and Edwards will bounce back once people undergo elective surgeries that they put off amid the lockdown.

Teladoc buys Livongo in $18.5 billion deal

Teladoc Health has agreed to buy chronic care provider Livongo Health in a deal valuing the company at $18.5 billion that bets on a boom in online care and consultations spurred by the coronavirus crisis. Fred Katayama reports.

Stocks rise, Disney surges after hours

Wall Street ended higher after a choppy session on Tuesday, but they were capped by declines in AIG and Microsoft. As Fred Katayama reports, Disney shares shot higher after its adjusted profit handily beat expectations.