Jeff Bezos has led Amazon, the company he founded, for 25 years, but announced he will step down as CEO later this year. Amazon is as important to American and global business as any other company and Jeff Bezos has as much or more to do with that than anyone. He will remain executive chairman, but his departure as CEO and subsequent hand-off to Andy Jassy, head of Amazon Web Services, is an important milestone for Amazon.
We have seen airlines make many changes, mostly negative, in order to bring down costs on the lowest level airfare. JetBlue is continuing to lower costs by eliminating ticket-change fees, but are also taking away the ability for holders of their cheapest tickets to use the overhead storage bins.
Nearly three-quarters of women with investible assets of $100,000 or more say the pandemic has negatively impacted their ability to retire, but as that is happening, more women are turning to financial professionals for advice, according to a Nationwide survey.
GameStop has been a big focus of the financial networks and publications recently. Some clients may wonder how their portfolios were impacted by the sudden rise and fall and subsequent volatility in GameStop. This paper outlines how one of our main investment partners, Dimensional Funds, handled GameStop in their funds.