What do they Know we don’t? 🤔
High-profile CEOs, Founders, and Heirs are Selling Stock by the Bucketload
• Jeff Bezos sold Amazon shares worth $8.5 billion in multiple transactions this month.
• Jamie Dimon, CEO and chairman of JPMorgan Chase, sold $150 million in stock last week, his first cashing out since taking the top job at the bank 18 years ago.
• Leon Black, co-founder and former CEO of Apollo Global Management, shed $172.8 million in stock—also a first-ever stock sale.
• Mark Zuckerberg unloaded about 1.4 million shares of Meta stock worth roughly $638 million.. He sold nearly $600 million in the three months leading up to February and his proceeds from combined sales during the past four months have reached $1.2 billion.
• The Walton family, heirs to Walmart’s founder, sold $1.5 billion in Walmart stock this month.
https://finance.yahoo.com/news/great-cashout-jeff-bezos-leon-013410626.html
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619