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Jeff Bezos said he will focus his energy on new products and early initiatives

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Chief executive of Amazon Jeff Bezos is stepping down to become executive chair and is set to transition to his new role in the third quarter of the year.

In a 2 February press release, the online retail behemoth said that Bezos will hand the reins over to Andy Jassy, the CEO of the company’s cloud computing services.

Jeff Bezos steps down as Amazon CEO to take on executive chair role

Bérengère Sim

Amazon

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The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

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Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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