Highlight of the Week
Jeff Bezos to step aside as Amazon CEO
- Amazon founder Jeff Bezos will shift to executive chairman and hand over CEO role to Andy Jassy, who has run the cloud computing business.
- Jassy’s promotion underscores the importance of web services to Amazon’s future.
Rate Curves
Rapid Report:
Coronavirus Updates (as of Wednesday morning)
-COVID-19 has registered 104 million cases and 2,265,000 deaths worldwide. There are over 76 million recovered cases.
-The US has accounted for over 27 million cases and has surpassed 457,884 deaths. The US has registered over 16.7 million recovered cases.
-Georgia has 893,000 cases and 14,024 deaths.
Robinhood raises $1 billion of fresh funding from existing investors
-Online broker Robinhood has been strained by high volumes of trading this week and has been criticized by customers, celebrities, and politicians for curbing the purchase of some hot stocks.
-The latest round of funding comes at a crucial time for Robinhood, which is preparing for a high-profile initial public-offering this year. However, recent developments raise questions about the company pushing forward with IPO plans.
6 more weeks of winter
The nation’s foremost marmot weather expert Punxsutawney Phil saw his shadow on Tuesday morning, marking 106 / 135 years predicting six more weeks of winter.
