breaks

Amazon C.E.O. Andy Jassy Breaks From the Bezos Way

Amazon C.E.O. Andy Jassy Breaks From the Bezos Way

When Jeff Bezos was chief executive of Amazon, he took an arms-length stance toward the company’s affairs in Washington. He rarely lobbied lawmakers. He testified only once before Congress, under the threat of subpoena. Andy Jassy, Mr. Bezos’ successor, is trying a different approach. Since becoming Amazon’s chief executive last July, Mr. Jassy, 54, has …

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Average Manhattan rent breaks $5,000 for the first time in history

Average Manhattan rent breaks $5,000 for the first time in history

The average rental price in Manhattan has topped $5,000 for the first time in Big Apple history, according to a jaw-dropping June market report compiled by Douglas Elliman and Miller Samuel. Specifically, the study tallied an average Manhattan rent of $5,058 per month, which alone would set a city tenant back nearly $61,000 a year. …

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A day after Powell's assurances about the economy, markets are worried that 'the Fed breaks something'

A day after Powell’s assurances about the economy, markets are worried that ‘the Fed breaks something’

Federal Reserve Chairman Jerome Powell‘s insistence that the central bank is not deliberately trying to cause a recession and that the economy is on solid footing is exactly what someone in his position would be expected to say. The trouble is, the Fed’s likely to get a recession anyway as data shows the economy is …

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