Finance Foggle

Key Takeaways Bezos sold $737M in Amazon stock  in late June, his first major sale of 2025 3.3 million shares  were sold under a prearranged 10b5-1 trading plan adopted in March He retains  ~905 million Amazon shares  post-sale, maintaining his position as largest shareholder The sale coincided with his  Venice wedding to Lauren Sanchez Bezos can sell  up to 25 million shares  through May 2026 under this trading plan Breaking Down Jeff Bezos' $737 Million Amazon Stock Sale So Jeff Bezos just sold a bunch of Amazon shares, right? Like $737 million worth. That’s not exactly pocket change even for the world’s fourth-richest person. According to regulatory filings, this happened in late June - he offloaded 3.3 million shares . That brings his total ownership down to about 905 million shares, which still leaves him as Amazon’s biggest single shareholder by a long shot . This wasn’t some spur-of-the-moment decision though. Bezos actually set this up back in ...

Key Takeaways Mauricio Umansky’s PLS.com refiled an antitrust lawsuit against NAR, challenging its Clear Cooperation Policy (CCP) . The CCP mandates listings be added to NAR-affiliated MLS within one business day, crippling private “pocket listing” platforms like PLS.com . Umansky argues the policy eliminates consumer choice for sellers seeking privacy and suppresses market innovation . NAR defends the CCP, claiming it ensures transparency while allowing “office exclusive” listings . The outcome could reshape digital property marketing amid parallel lawsuits (Compass vs. Zillow) and DOJ scrutiny . The Lawsuit: Why a Celebrity Broker Is Taking on NAR Mauricio Umansky isn’t just any real estate agent. As founder of  The Agency  and star of  Buying Beverly Hills , he built PLS.com in 2019 as a private network for off-market “pocket listings.” Think luxury homes in L.A. marketed discreetly to elite buyers—no public ads, no MLS footprints. By 2019, it had 20,000 users . Then c...

  Key Takeaways Sam Altman criticizes Meta's talent poaching  as "distasteful" and warns it causes "deep cultural problems" at Meta, framing OpenAI staff as "missionaries" versus Meta's "mercenaries" . Meta reportedly offered $100M+ compensation packages  to lure OpenAI researchers, though Altman claims none of OpenAI's "best people" accepted these offers . Meta's CTO Andrew Bosworth calls Altman "dishonest" , stating the $100M figure applied only to select senior leadership roles, not widespread offers . Several OpenAI researchers joined Meta recently , including Lucas Beyer and Trapit Bansal, though they publicly denied receiving $100M bonuses . Altman argues OpenAI's mission-driven culture  and focus on AGI development outpaces Meta's financial incentives for talent retention . The Leaked Memo: Altman’s “Missionaries vs Mercenaries” Salvo So Sam Altman, OpenAI’s CEO, he sends this internal Slack mess...

  Lululemon Sues Costco Over Dupes: Lawsuit Details on Imitation Apparel Key Takeaways Lululemon sued Costco  in federal court (June 27, 2025) for selling alleged "dupes" of its patented Scuba hoodies, Define jackets, and ABC pants under brands like  Kirkland Signature ,  Danskin , and  Spyder  . Massive price gaps  exist: Lululemon’s $118 Scuba hoodie vs. Costco’s $8 Danskin version; $128 ABC pants vs. $10 Kirkland pants . Lululemon claims  Costco’s designs are “confusingly similar,” causing customer confusion and infringing design patents and trade dress . Costco partially removed items after a  November 2024 cease-and-desist letter  but resumed selling similar products, prompting the lawsuit . Lululemon seeks lost profits , a permanent sales ban on the items, and removal of related marketing . The Core of Lululemon’s Lawsuit Against Costco So yeah, Lululemon basically took Costco to court over this. Filed the thing June 27th in Califo...

  Key Takeaways The Senate passed Trump’s megabill 51-50, with Vice President Vance breaking the tie after Republicans Collins, Tillis, and Paul defected over Medicaid cuts and deficit concerns . Tax changes:  Permanent extension of 2017 TCJA rates ($4 trillion cost), temporary deductions for tips ($25K cap), overtime ($12.5K cap), and car loan interest ($10K cap), plus a 5-year SALT deduction boost to $40K . Healthcare cuts:  $900B in Medicaid savings from work requirements and reduced provider taxes, projected to leave 11.8 million uninsured by 2034. Rural hospitals face closure risks despite a $50B temporary fund . Energy shifts:  Immediate end to EV tax credits, phaseout of wind/solar incentives by 2027, and new fossil fuel supports like classifying coal as a “critical mineral.” Analysts predict 10% higher electricity bills and 50% less new grid capacity . The bill faces House hurdles due to Freedom Caucus opposition to deficit spending ($3.3 trillion over 10 yea...

  Key Takeaways Low wages drive disengagement : Young Ford workers earned just $17/hour, forcing many to work dual shifts at Amazon and Ford, surviving on 3-4 hours of sleep . Farley’s historic response : CEO Jim Farley converted temp workers to full-time roles with higher pay and benefits, mirroring Henry Ford’s 1914 wage hike to $5/day (double the average) . Systemic industry challenges : U.S. manufacturing jobs pay $25/hour (~$51,890/year) versus the national average of $66,600, deterring Gen Z despite 3.8 million job openings by 2033 . Global pressures : Ford faces competition from China’s EVs, which dominate 70% of the global market with superior tech and lower costs , while tariffs aim to rebalance U.S. manufacturing . Why Young Workers Rejected Ford Older employees bluntly warned CEO Jim Farley: “ None of the young people want to work here .” The reason?  $17/hour wages . This pay forced younger staff into exhausting dual shifts—clocking 8 hours at Amazon, then 7 hours ...

Key Takeaways Cape Coral's housing market is the worst in the U.S.  due to crashing prices, soaring inventory, and weak buyer demand. Prices dropped 7.3%-11.2% YoY  as of mid-2025, with accelerating monthly declines signaling deepening trouble. Inventory exploded to 14,580+ homes —a 12+ month supply—creating extreme buyer leverage and rampant price cuts. Insurance costs and migration collapse  are primary drivers, with premiums surging and new residents plummeting 86% since 2022. Recovery is unlikely before 2027 ; forecasts show sluggish stabilization only after 2026 amid persistent headwinds. Why Cape Coral Earned America’s Worst Housing Market Title Cape Coral’s housing collapse wasn’t sudden. It brewed for years before finally imploding in early 2023. The city’s canals and relative affordability drew intense demand during the pandemic, pushing prices 70.43% above sustainable levels by August 2022 . But this artificial boom hid vulnerabilities—like building in a hurrica...