Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Selipsky after he exits the company on June 3, Amazon said. In a memo to employees, Selipsky said he was leaving AWS after […]Read More
Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ — offered at a deep discount, Comcast chief Brian Roberts said. Dubbed StreamSaver, the bundle will be available to all Comcast broadband, TV and mobile customers, Roberts said, speaking Tuesday at MoffettNathanson’s 2024 Media, Internet and […]Read More
When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades. The 4% withdrawal rule calls for retirees to withdraw that portion from their investment portfolio in the first year of retirement. In each subsequent year, the amount of those withdrawals is adjusted for inflation. Financial planner […]Read More
The Dow Jones Industrial Average slipped on Monday, snapping an eight-day winning streak, as traders grappled with rising inflation expectations ahead of key reports due later in the week. The 30-stock Dow fell 81.33 points, or 0.21%, to close at 39,431.51. The S&P 500 inched lower by 0.02%, ending at 5,221.42. The Nasdaq Composite added 0.29%, closing at 16,388.24. A New York […]Read More
Inflation “was at 9 percent when I came in and it’s now down around 3 percent.” — President Biden, in an interview with Yahoo Finance, May 14 Inflation continues to be an albatross for President Biden as he seeks reelection. After decades of stable prices — inflation of about 2 percent a year — the […]Read More
Some of former president Donald Trump’s co-defendants in a Georgia election interference case are receiving legal funding from a charity started to help people charged in efforts to overturn the 2020 election results, according to people familiar with the group. The legal fund beneficiaries include John Eastman, a lawyer who advised the Trump campaign on […]Read More
Rep. Don Bacon (R-Neb.) defeated a challenger from the right flank of his party in his attempt to win reelection in Nebraska’s 2nd District without the support of the state and local chapters of the Republican Party. Bacon will now face Democrat Tony Vargas, whom he defeated in the 2022 election by just under three […]Read More
Republican Rep. Carol Miller won her party’s primary in West Virginia’s 1st Congressional District, defeating Derrick Evans, a former state lawmaker who served three months in prison after pleading guilty to a felony for participating in the Jan. 6, 2021, attack on the U.S. Capitol. The three-term congresswoman is a staunch supporter of former president […]Read More
The Biden administration informally notified congressional committees Tuesday that it planned to move forward with more than $1 billion in weapons deals for Israel, said U.S. officials familiar with the matter, a major transfer of lethal aid that comes a week after the White House paused a single shipment of bombs because of concerns that […]Read More
West Virginia Gov. Jim Justice (R) is projected to win the Republican primary for Senate in the state, according to the Associated Press. Justice defeated a crowded field of contenders to clinch the GOP nomination and is also heavily favored to win the general election in the deep-red state. This post appeared first on The […]Read More
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