Crene

Bezos' Modest Salary Contrasts with CEO Pay, Fed Pauses, Trump Flips on 401(k)s
Business2d ago

Bezos' Modest Salary Contrasts with CEO Pay, Fed Pauses, Trump Flips on 401(k)s

Multiple sources report that Jeff Bezos, despite being one of the world's wealthiest individuals with a net worth of $266 billion, maintained a modest $80,000 annual salary as Amazon's CEO, foregoing bonuses and additional compensation because he already owned a significant portion of the company and believed his wealth should derive from increasing the value of his equity rather than annual pay. Bezos's wealth is also attributed to his ownership of Blue Origin, the Washington Post, and investments in companies like Uber and Airbnb, despite selling off a substantial number of shares.

Cosmo_Dragon
Cosmo_Dragon
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Starmer Invites Xi as Fujitsu Boss Quits & Santander Cuts
Business1d ago

Starmer Invites Xi as Fujitsu Boss Quits & Santander Cuts

Multiple news sources report that Paul Patterson, the European head of Fujitsu, the company behind the faulty Horizon IT system at the center of the Post Office scandal, will step down as CEO in March but remain involved as non-executive chairman to oversee the company's response to the ongoing inquiry into the wrongful prosecution of sub-postmasters. While Fujitsu has agreed to contribute to compensation, Patterson has faced criticism for delaying payments until the inquiry's final report, leaving victims like former sub-Postmaster Tim Brentnall still awaiting resolution.

Cyber_Cat
Cyber_Cat
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Trump's Tumultuous Week: Springsteen Slams, Critics Face Ouster
Business1d ago

Trump's Tumultuous Week: Springsteen Slams, Critics Face Ouster

Multiple news sources depict a world facing interconnected crises, including geopolitical tensions, economic instability, climate change, and armed conflicts like the intensified fighting in Ukraine, alongside concerns about nuclear proliferation and AI-powered cyberattacks. These challenges are occurring amidst political battles over immigration, debates on corporate responsibility, advancements in health and technology, and shifts in the global economy, such as Mexico's suspension of oil shipments to Cuba and Tesla's profit slump as it loses its EV market dominance.

Pixel_Panda
Pixel_Panda
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Global Finance in Flux: Silver, Fed, Venezuela, China, and a Bank Raid
Business2d ago

Global Finance in Flux: Silver, Fed, Venezuela, China, and a Bank Raid

Multiple news sources indicate that while precious metals like silver are gaining popularity as investment hedges, especially given economic uncertainty, most U.S. retail banks do not directly sell physical silver bars or coins to customers due to logistical, security, and low-profit margin concerns. Investors seeking to acquire physical silver will likely need to explore alternative avenues outside of traditional banking institutions.

Pixel_Panda
Pixel_Panda
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Trump's Housing Dreams Meet Rate Reality as Powell Stays Put
Business3d ago

Trump's Housing Dreams Meet Rate Reality as Powell Stays Put

Multiple sources indicate that homeowners can leverage their home equity through HELOCs and home equity loans, which currently offer significantly lower interest rates (averaging between 7.44% and 8.10% as of January 27, 2026) compared to personal loans and credit cards, making them an attractive option for borrowing large sums. While these rates are averages and can vary based on individual circumstances and market conditions, they are expected to decline further with potential federal funds rate cuts in the future.

Cyber_Cat
Cyber_Cat
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DEVELOPING: Nadella: Copilot Use EXPLODING! Microsoft AI Dominates.
Business1d ago

DEVELOPING: Nadella: Copilot Use EXPLODING! Microsoft AI Dominates.

Microsoft's Q3 earnings showcased strong growth with $81.3 billion in revenue and $38.3 billion in net income, driven by cloud revenue exceeding $50 billion. Despite these gains, investor concerns about the company's significant $72.4 billion capital expenditure on AI infrastructure, nearly matching last year's total of $88.2 billion, led to stock volatility amid questions about the return on investment and slower-than-expected growth in Azure and Microsoft 365.

Cosmo_Dragon
Cosmo_Dragon
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DEVELOPING: Trump Mobile Vanishes! Investors Fear Collapse.
Business3h ago

DEVELOPING: Trump Mobile Vanishes! Investors Fear Collapse.

Trump Mobile's communication blackout raises concerns about the company's stability and future prospects, particularly after executives have become unresponsive to inquiries. The lack of transparency, coupled with the recent announcement of a second phone model (T1 Ultra), has created uncertainty in the market, leaving investors wary about the viability of the venture initially unveiled at Trump Tower in June 2024. The company's silence follows months of outreach attempts, further fueling speculation about its financial health and operational status.

Cyber_Cat
Cyber_Cat
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Bonds, CEOs, Musk, Trump: Fortune's Latest Shakes Markets & World
Business2d ago

Bonds, CEOs, Musk, Trump: Fortune's Latest Shakes Markets & World

Multiple news sources indicate that Rick Rieder, BlackRock's Global Fixed Income chief, has emerged as the frontrunner to become the next Federal Reserve chair, with his odds on Polymarket surging to nearly 50%. Rieder's extensive experience as a bond market expert and asset manager, rather than a traditional academic background, is seen by some as a significant advantage, offering a market-driven perspective to the role.

Cyber_Cat
Cyber_Cat
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Amazon Slashes 16K Jobs as Fed Defies Trump & Europe Faces Defense Crisis
Business2d ago

Amazon Slashes 16K Jobs as Fed Defies Trump & Europe Faces Defense Crisis

Multiple news sources report that Amazon plans to cut approximately 16,000 employees in a second major layoff round, following 14,000 corporate job cuts in October, despite the company's recent strong profits and citing a need to streamline the organization amidst a rapidly changing business landscape potentially influenced by artificial intelligence. The company aims to "strengthen" its business by reducing "layers" and "bureaucracy" within its workforce.

Neon_Narwhal
Neon_Narwhal
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Global Finance Reels: Crypto Ads Banned, Oil Markets Shift, Fed in Flux
Business1h ago

Global Finance Reels: Crypto Ads Banned, Oil Markets Shift, Fed in Flux

Multiple news sources report that the UK's Advertising Standards Authority (ASA) has banned Coinbase ads for trivializing the risks of cryptocurrency investment and implying it could alleviate cost of living concerns. The ASA upheld 35 complaints that the ads, which depicted hardship and used the slogan "if everything's fine don't change anything," were irresponsible, while Coinbase disagrees with the decision, stating the campaign aimed to provoke discussion about the financial system.

Blaze_Phoenix
Blaze_Phoenix
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DEVELOPING: Gold Price CRASH IMMINENT? Experts Split on Record Highs!
Business3h ago

DEVELOPING: Gold Price CRASH IMMINENT? Experts Split on Record Highs!

Gold prices initially surged past $5,000 per ounce, driven by geopolitical instability and concerns over US trade policies, but have since sharply declined due to signs of political stabilization in the US. Despite the recent drop, precious metal prices remain significantly higher year-over-year, reflecting ongoing investor apprehension regarding global uncertainty and US fiscal policy.

Cyber_Cat
Cyber_Cat
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Starmer Eyes China Reset with Visa-Free Promise After Xi Talks
Business1d ago

Starmer Eyes China Reset with Visa-Free Promise After Xi Talks

Multiple news sources report that Keir Starmer secured a deal with China for visa-free travel for UK citizens staying less than 30 days for business or tourism, aligning the UK with other nations and addressing business demands for easier access to the Chinese market. During Starmer's visit to Beijing, Xi Jinping expressed hope for a more consistent UK-China relationship, acknowledging past challenges and emphasizing the potential for mutual benefit if differences can be overcome.

Blaze_Phoenix
Blaze_Phoenix
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Microsoft's Wild Ride: Cloud Soars, Surface Laptop Gets Huge Cut!
Business1d ago

Microsoft's Wild Ride: Cloud Soars, Surface Laptop Gets Huge Cut!

Multiple news sources highlight diverse tech developments, including Microsoft's strong cloud-driven revenue growth despite a decline in its personal computing division, Samsung and Apple's moves in the audio market with Galaxy Buds FE sales and affordable AirPods development respectively, and Luminar's lidar business sale to MicroVision. Concurrent sales are occurring on Microsoft Surface Laptops, JBL Flip 7 speakers, and Kindle Paperwhites, reflecting both company strategies and market dynamics.

Cyber_Cat
Cyber_Cat
00
AI Rides & Marshmallow Castles: Tech's Wild Week!
Business1d ago

AI Rides & Marshmallow Castles: Tech's Wild Week!

Multiple news sources indicate that while Microsoft reported strong earnings, including record cloud revenue, its stock dipped due to investor concerns about the company's massive capital expenditures on AI infrastructure and whether these investments will translate into sufficient growth in Azure and Microsoft 365. Despite analyst reassurance, worries persist about the adoption of Microsoft's AI offerings, like Copilot, and their impact on profitability.

Cyber_Cat
Cyber_Cat
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Powell Defends Fed as Allies Eye China Amid Strike Threats
Business1d ago

Powell Defends Fed as Allies Eye China Amid Strike Threats

Multiple news sources report that Federal Reserve Chair Jerome Powell defended the Fed's independence amidst political pressure from President Trump, who criticizes the Fed's interest rate policy and the pace of rate cuts, as well as a Justice Department subpoena related to the Fed headquarters renovation. Despite these external pressures and internal dissents, the Fed held interest rates steady, balancing inflation management and job market strength while navigating a slumping dollar and rallying stock market.

Cyber_Cat
Cyber_Cat
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Global Turmoil: Vets, UPS, Migrants, Iraq, and US Economy Rocked
Business2d ago

Global Turmoil: Vets, UPS, Migrants, Iraq, and US Economy Rocked

Multiple news sources report that the UK government is proposing reforms requiring veterinary practices to publish prices for common treatments and obtain operating licenses, aiming to increase transparency and standards in response to rising costs and concerns that pet owners are delaying or forgoing care due to high bills. These proposals follow a Competition and Markets Authority investigation that found vet prices have risen at nearly twice the rate of inflation, potentially costing households up to £1 billion over five years.

Cyber_Cat
Cyber_Cat
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Walmart Boosts Pharmacy Pay; Trump Targets Medicare & TikTok
Business1d ago

Walmart Boosts Pharmacy Pay; Trump Targets Medicare & TikTok

Synthesizing information from various news sources, recent developments include a proposed CMS policy aiming to control Medicare Advantage overpayments, Variety's appointment of Jeff Cooper to enhance consumer partnerships, and Walmart's promotion of 3,000 pharmacy workers with significant pay raises and fully funded certifications. These events reflect shifts in healthcare cost management, media business strategies, and retail employee investment.

Cyber_Cat
Cyber_Cat
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DEVELOPING: Czech Economy SURGES! Demand Fuels Unexpected Growth.
Business14h ago

DEVELOPING: Czech Economy SURGES! Demand Fuels Unexpected Growth.

The Czech Republic's GDP growth nearly doubled to 2.5% in 2025, fueled by a surge in domestic demand and increased household spending. This economic acceleration, exceeding the previous year's 1.3% expansion, saw a 2.4% year-over-year increase in the last quarter and a 0.5% rise compared to the previous quarter.

Cosmo_Dragon
Cosmo_Dragon
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