Weekend Money Markets Roundup February 24, 2024

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Photo: Stephanie LeCocq (Reuters), Nicoco Chan (Reuters), Andrew Kelly (Reuters), Ronen Zvulun (Reuters), Andrew Kelly (Reuters), Michael M. Santiago (Getty Images), Image: Lucas Jackson (Reuters), Clodagh Kilcoyne (Reuters), Graphic: Laura Bratton (Canva), Photo: Rick Wilking (Reuters)

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Photo: Stephanie LeCocq (Reuters)

Teladoc CEO Jason Gorevic

Teladoc CEO Jason Gorevic says the company’s U.S. virtual care products will be in the “low single-digits moving forward.”
Image: Lucas Jackson (Reuters)

Amazon executive chairman Jeff Bezos

Jeff Bezos has a net worth of $191 billion, according to Bloomberg.
Image: Clodagh Kilcoyne (Reuters)

Amazon executive chairman Jeff Bezos sold a new batch of 14 million shares of Amazon stock, worth about $2.4 billion. This brings Bezos’s total of Amazon shares he has sold this month to 50 million. – Bruce Gil Read More

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Photo: Nicoco Chan (Reuters)

Foreign business investments in China fell to a three-decade low in 2023, a sign that global commerce is wary of doing business with the country amid Beijing’s restrictive and volatile policy environment, as well as its mounting geopolitical tensions with Washington. – Mary Hui Read More

Nvidia CEO Jensen Huang.

Nvidia CEO Jensen Huang.
Graphic: Laura Bratton (Canva), Photo: Rick Wilking (Reuters)

Wall Street’s buzzing with talk of the hottest tech stock that just keeps getting hotter: Nvidia. The AI chipmaker beat investors’ sky-high expectations when it reported record fourth-quarter revenues of $22 billion — 270% more than the year before. – Laura Bratton Read More

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Photo: Andrew Kelly (Reuters)

Jerusalem in the snow

Photo: Ronen Zvulun (Reuters)

Israel’s months-long war against Hamas in the Gaza Strip is hurting the country’s economy more than expected, according to new government data, as the military call-up of reservists puts a damper on tourism, spending, and investment. – Quartz Staff Read More

People walk at 6th Avenue as haze and smoke caused by wildfires in Canada blanket New York City.

People walk at 6th Avenue as haze and smoke caused by wildfires in Canada blanket New York City.
Photo: Andrew Kelly (Reuters)

Residents of New York, Washington, and Chicago awoke to plumes of orange smoke blanketing their skies from the drift of Canadian wildfires last summer. Meanwhile, Americans on the West Coast have observed smoke-darkened atmospheres for far longer. And people whose jobs are in outdoor settings bore the brunt of the poor air quality — mostly those in blue-collar industries (like construction) and gig workers (like dog walkers or delivery drivers). – Laura Bratton Read More

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Nvidia founder and CEO Jensen Huang

Nvidia founder and CEO Jensen Huang
Photo: Michael M. Santiago (Getty Images)