The world’s richest person is getting richer, even in a pandemic, and perhaps because of it. With consumers stuck at home, they’re relying on Jeff Bezos’s Amazon.com more than ever. The retailer’s stock climbed 5.3 per cent to a record Tuesday, lifting the founder’s net worth to $138.5 billion.
The pandemic has brought the global economy to a near standstill and pushed almost 17 million Americans onto the unemployment rolls in the span of three weeks.
JPMorgan Chase & Co and Wells Fargo & Co signaled on Tuesday that loan losses fuelled by the unprecedented job cuts — many of