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Amazon’s Jeff Bezos spars with Biden on Twitter about inflation

  Bloomberg Amazon.com Inc founder Jeff Bezos accused President Joe Biden of “misdirection” on Twitter in response to the US leader’s tweet saying inflation could be tamed by making wealthy corporations “pay their fair share.” The exchange began with Biden’s tweet: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” Amazon, which paid ...

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Ford Motor offloads more Rivian Automotive stock

  Bloomberg Ford Motor sold more shares of Rivian Automotive Inc, offloading more than $400 million worth of stock in the electric car maker since the end of a lockup this week. The US automotive giant sold 7 million shares of Rivian stock at $26.88 each on Friday, according to a filing, cutting its stake in the company to nearly ...

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UK backs away from plan to build 300,000 new homes

  Bloomberg Michael Gove, the UK minister responsible for Boris Johnson’s flagship policy to boost disadvantaged regions, appeared to abandon a key aim of the project: to build 300,000 homes a year. Speaking to the BBC, Gove said the government will “do everything we can” to increase house building, but added “it’s no kind of success simply to hit target ...

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