Jeff Bezos sold Amazon shares worth about $737 million in June
Bezos, who founded Amazon in 1994, sold 3.3 million shares for $736.7 million, after adopting a 10b5-1 trading plan in March, showed the filing, made after the market closed.
After the sale, Bezos will own about 905 million Amazon shares. He sold stock worth almost $5 billion last year.
Bezos married journalist Lauren Sanchez on Friday evening during a star-studded wedding extravaganza in Venice. He is ranked the fourth-richest person in the world with a net worth of $234.4 billion, according to Forbes.
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BBC News
39 minutes ago
- BBC News
Voting on Trump's 'big, beautiful' bill is still happening. Here's what to watch for
Donald Trump's massive tax and spending budget bill is returning to the US House of Representatives - as the clock ticks down to the president's 4 July deadline for lawmakers to present him with a final version that can be signed into law. The One Big Beautiful Bill Act narrowly cleared the Senate, or upper chamber of Congress, on Tuesday. Vice-President JD Vance cast a tie-breaking vote after more than 24 hours of debate and resistance from some Republican could prove equally tricky for Trump's allies to pass the bill through the House, where Speaker Mike Johnson hopes to hold a vote as early as Wednesday. The lower chamber approved an earlier version of the bill in May with a margin of just one vote, and this bill must now be reconciled with the Senate version. Both chambers are controlled by Trump's Republicans, but within the party several factions are fighting over key policies in the lengthy legislation. Sticking points include the question of how much the bill will add to the US national deficit, and how deeply it will cut healthcare and other social programmes. The immediate future of the bill, which is meant to fulfil Trump's campaign promise of making tax cuts from his first term into permanent cuts, is far from president wants the House to simply approve the Senate version, without making any changes. But that could be foiled by certain issues and rebel Republicans. Facing intense pressure, House must decide if Trump's bill is good enoughWhat's in Trump's 'big, beautiful' bill?Trump and Musk feud again over budget plans The lawmakers who could stall the bill The Congressional Budget Office (CBO) estimated that the version of the bill that was passed on Tuesday by the Senate could add $3.3tn (£2.4tn) to the US national deficit over the next 10 years. That compares with $2.8tn that could be added by the earlier version that was narrowly passed by the deficit means the difference between what the US government spends and the revenue it outraged the fiscal hawks in the conservative House Freedom Caucus, who have threatened to tank the bill. Many of them are echoing claims made by Elon Musk, Trump's former adviser and campaign donor, who has repeatedly lashed out at lawmakers for considering a bill that will ultimately add to US national debt. Shortly after the Senate passed the bill, Congressman Ralph Norman of South Carolina, a Freedom Caucus member, called the move "unconscionable". "What the Senate did, I'll vote against it here and I'll vote against it on the floor," he added. Norman's colleague from Texas, Chip Roy, was also quick to signal his frustration. "I think the odds are a hell of a lot lower than they were even 48 hours ago or 72 hours ago based on the deal-cutting that I just saw," Roy said in response to a question about meeting Trump's 4 July deadline. Freedom Caucus Chairman Andy Harris of Tennessee told Fox News that "a group of us are not going to vote to advance the bill until we iron out some of the deficit problems"."Mr Musk is right, we cannot sustain these deficits," Harris continued. "He understands finances, he understands debts and deficits, and we have to make further progress."On Tuesday, Conservative Congressman Andy Ogles went as far as to file an amendment that would completely replace the Senate version of the bill, which he called a "dud", with the original House-approved Ohio Republican Warren Davison posted on X: "Promising someone else will cut spending in the future does not cut spending." He added: "We will eventually arrive at the crash site, because it appears nothing will stop this runaway spending train. A fatal overdose of government." Beyond fiscal hawks, House Republican leadership will also have to contend with moderates in their party who represent more liberal-leaning states and key swing districts that helped the party rise to power in the November election. "I've been clear from the start that I will not support a final reconciliation bill that makes harmful cuts to Medicaid, puts critical funding at risk, or threatens the stability of healthcare providers," said Congressman David Valadao, who represents a swing district in California. This echoes the criticism of opposition Democrats. Other Republicans have signalled a willingness to compromise. Randy Fine, from Florida, told the BBC he had frustrations with the Senate version of the bill, but that he would vote it through the House because "we can't let the perfect be the enemy of the good". The key policies dividing Republicans Representatives from poorer districts are worried about the Senate version of the bill harming their constituents, which could also hurt them at the polls in 2026. According to the Hill, six Republicans planning to vote down the bill due to concerns about cuts to key provisions, including cuts to medical of the critical Republicans have attacked the Senate's more aggressive cuts to Medicaid, the healthcare programme relied upon by millions of low-income Americans. House Republicans had wrestled over how much to cut Medicaid and food subsidies in the initial version their chamber passed. They needed the bill to reduce spending, in order to offset lost revenue from the tax cuts contained in the Senate made steeper cuts to both areas in the version passed on Tuesday. Changes to Medicaid and the Affordable Care Act (better known as Obamacare) in the Senate's bill would see roughly 12 million Americans lose health insurance by 2034, according to a CBO report published on the version originally passed by the House, a smaller number of 11 million Americans would have had their coverage stripped, according to the CBO. Discussing the Medicaid issue with former Trump adviser and conservative podcaster Steve Bannon, Georgia Congresswoman Marjorie Taylor Greene was asked whether the House might simply "rubber stamp" the Senate right-wing House member and Trump loyalist responded that there was not enough support to get the bill through the House, using strong language to suggest the situation was a mess."I think it's far from over," she said. "It's really a dire situation. We're on a time clock that's really been set on us, so we have a lot of pressure."The bill also deals with the question of how much taxpayers can deduct from the amount they pay in federal taxes, based on how much they pay in state and local taxes (Salt). This, too, has become a controversial is currently a $10,000 cap, which expires this year. Both the Senate and House have approved increasing this to $40,000. But in the Senate-approved version, the cap would return to $10,000 after five years. This change could pose a problem for some House Republicans.
The Guardian
40 minutes ago
- The Guardian
Google undercounts its carbon emissions, report finds
In 2021, Google set a lofty goal of achieving net-zero carbon emissions by 2030. Yet in the years since then, the company has moved in the opposite direction as it invests in energy-intensive artificial intelligence. In its latest sustainability report, Google said its carbon emissions had increased 51% between 2019 and 2024. New research aims to debunk even that enormous figure and provide context to Google's sustainability reports, painting a bleaker picture. A report authored by non-profit advocacy group Kairos Fellowship found that, between 2019 and 2024, Google's carbon emissions actually went up by 65%. What's more, between 2010, the first year there is publicly available data on Google's emissions, and 2024, Google's total greenhouse gas emissions increased 1,515%, Kairos found. The largest year-over-year jump in that window was also the most recent, 2023 to 2024, when Google saw a 26% increase in emissions just between 2023 and 2024, according to the report. 'Google's own data makes it clear: the corporation is contributing to the acceleration of climate catastrophe, and the metrics that matter – how many emissions they emit, how much water they use, and how fast these trends are accelerating – are headed in the wrong direction for us and the planet,' said Nicole Sugerman, a campaign manager at Kairos Fellowship. The authors say that they found the vast majority of the numbers they used to determine how much energy Google is using and how much its carbon emissions are increasing in the appendices of Google's own sustainability reports. Many of those numbers were not highlighted in the main body of Google's reports, they say. Google did not immediately respond to a request for comment on the figures. The authors behind the report, titled Google's Eco-Failures, attribute the discrepancy between the numbers they calculated and the numbers Google highlights in its sustainability reports to various factors, including that the firm uses a different metric for calculating how much its emissions have increased. While Google uses market-based emissions, the researchers used location-based emissions. Location-based emissions is the average energy the company consumes from local power grids, while market-based emissions include energy the company has purchased to offset its total emissions. '[Location-based emissions] represents a company's 'real' grid emissions,' said Franz Ressel, the lead researcher and report co-author. 'Market-based emissions are a corporate-friendly metric that obscures a polluters' actual impact on the environment. It allows companies to pollute in one place, and try to 'offset' those emissions by purchasing energy contracts in another place.' The energy the tech giant has needed to purchase to power its data centers alone increased 820% since 2010, according to Kairos' research, a figure that is expected to expand in the future as Google rolls out more AI products. Between 2019 and 2024, emissions that came primarily from the purchase of electricity to power data centers jumped 121%, the report's authors said. 'In absolute terms, the increase was 6.8 TWh, or the equivalent of Google adding the entire state of Alaska's energy use in one year to their previous use,' said Sugerman. Based on Google's current trajectory, the Kairos report's authors say the company is unlikely to meet its own 2030 deadline without a significant push from the public. There are three categories of greenhouse gas emissions – called Scopes 1, 2 and 3 – and Google has only meaningfully decreased its Scope 1 emissions since 2019, according to the Kairos report. Scope 1 emissions, which include emissions just from Google's own facilities and vehicles, account for only 0.31% of the company's total emissions, according to the report. Scope 2 emissions are indirect emissions that come primarily from the electricity Google purchases to power its facilities, and scope 3 accounts for indirect emissions from all other sources such as suppliers, use of Google's consumer devices or employee business travel. 'It's not sustainable to keep building at the rate [Google is] building because they need to scale their compute within planetary limits,' said Sugerman. 'We do not have enough green energy to serve the needs of Google and certainly not the needs of Google and the rest of us.' As the company builds out resource-intensive data centers across the country, experts are also paying close attention to Google's water usage. According to the company's own sustainability report, Google's water withdrawal – how much water is taken from various sources – increased 27% between 2023 and 2024 to 11bn gallons of water. The amount is 'enough to supply the potable water needs for the 2.5 million people and 5,500 industrial users in Boston and its suburbs for 55 days', according to the Kairos report. Tech companies have faced both internal and public pressure to power their growing number of data centers with clean energy. Amazon employees recently put forth a package of shareholder proposals that asked the company to disclose its overall carbon emissions and targeted the climate impact of its data centers. The proposals were ultimately voted down. On Sunday, several organizations including Amazon Employees for Climate Justice, League of Conservation Voters, Public Citizen, and the Sierra Club, published an open letter in the San Francisco Chronicle and the Seattle Times calling on the CEOs of Google, Amazon and Microsoft to 'commit to no new gas and zero delayed coal plant retirements to power your data centers'. Sign up to TechScape A weekly dive in to how technology is shaping our lives after newsletter promotion 'In just the last two years alone, your companies have built data centers throughout the United States capable of consuming more electricity than four million American homes,' the letter reads. 'Within five years, your data centers alone will use more electricity than 22 million households, rivaling the consumption of multiple mid-size states.' In its own sustainability report, Google warns that the firm's 'future trajectories' may be impacted by the 'evolving landscape' of the tech industry. 'We're at an extraordinary inflection point, not just for our company specifically, but for the technology industry as a whole – driven by the rapid growth of AI,' the report reads. 'The combination of AI's potential for non-linear growth driven by its unprecedented pace of development and the uncertain scale of clean energy and infrastructure needed to meet this growth makes it harder to predict our future emissions and could impact our ability to reduce them.' The Kairos report accuses Google of relying 'heavily on speculative technologies, particularly nuclear power', to achieve its goal of net zero carbon emissions by 2030. 'Google's emphasis on nuclear energy as a clean energy 'solution' is particularly concerning, given the growing consensus among both scientists and business experts that their successful deployment on scale, if it is to ever occur, cannot be achieved in the near or mid-term future,' the report reads. The Kairos report alleges the way that Google presents some of its data is misleading. In the case of data center emissions, for example, Google says it has improved the energy efficiency of its data centers by 50% over 13 years. Citing energy efficiency numbers rather than sharing absolute ones obscures Google's total emissions, the authors argue. 'In fact, since 2010, the company's total energy consumption has increased 1,282%,' the report concluded.
Daily Record
an hour ago
- Daily Record
Our top picks of Amazon's early Prime Day deals to get shoppers ready for summer
While Amazon's Prime Day event doesn't start until next week, the retail giant has some early deals available for shoppers to snap up. For those looking to save some money on their summer essentials this year, Amazon is set to hold its highly anticipated Prime Day event next week. With a variety of products across the website getting discounts, bargains hunters will have a field day grabbing all their must-have deals. What's even better is that the retail giant has decided to make their popular sale a four-day event. From July 8 to July 11, shoppers will be able to get their hands on new pieces of tech, fashion, beauty, garden furniture, homeware essentials and so much more for decent prices in this mega sale. However, this extended sale comes with a catch. While shoppers have more days to shop, this doesn't mean that all of the items will remain on sale for the full event. Some shoppers may see prices change over the four days or some deals may end early, reports the Mirror. In addition, shoppers will need to be an Amazon Prime Member to take part in the sale. Members need to spend £8.99 a month for the subscription, but this comes with a variety of perks. Prime members can get next day delivery on thousands of selected items, along with access to Prime Video and Prime Music. For those who are unsure if they want to start up a membership, Amazon is offering a 30-day free trial that shoppers can cancel at any time. Amazon isn't the only place that shoppers can get great deals this summer. For those looking for offers on beauty, Lookfantastic and Boots have plenty of deals available, while Boden is also hosting a huge sale across their clothing range. Additionally, for those who enjoy gardening, Yimbly - which is a marketplace owned by the Daily Record's parent company - currently has plenty of garden furniture down to bargain prices. While there is less than a week until Amazon's Prime Day event, the retailer has already decided to treat shoppers by putting some of their summer essentials on an early Prime Day deal. We have collated our top picks from the sale to help shoppers grab some early bargains. Shark FlexBreeze TableMate Cordless Fan - was £149.99, now £99 Many shoppers have been raving about this desk fan to help tackle the summer heat, with some saying they are willing to ditch their Dyson alternatives. With up to 24 hours of cordless runtime, this fan has a cooling reach of up to 20m. While UV and rain resistant, so it can be used both indoors and outdoors, the fan comes with five speeds, a 180 degree side-to-side oscillation and a 55 degree tilt. Click here to buy the Shark FlexBreeze TableMate Cordless Fan. For those wanting to give their garden a bit of TLC this summer, a quality strimmer is the ideal device to finish up the job. Saving shoppers nearly £30, this strimmer comes with an upgraded 2000mAh lithium battery which can be used for up to an hour. Shoppers will also be given extra batteries so they won't need to suddenly stop half way through a job. The strimmer also comes with three different types of blades in a mixture of plastic and metal. To buy the SMILOVII 24V Cordless Strimmer, click HERE. Kouric Neck Fan - was £39.98, now £29.98 While many of us are delighted that the weather has taken a warmer turn, for those working in offices or constantly commuting, the heat can be a nightmare. To help combat this problem, a neck fan could be a reliable solution. Allowing workers to do their jobs without having to hold a device, this fan comes with three instant cooling modes. The white model is currently £10 off the retail price, but shoppers can also choose between seven other colours for the slightly higher price of £33.97. To buy the Kouric Neck Fans, click HERE. To avoid standing over a hot iron to get your clothes looking pristine, a handheld steamer can be a quick and easy alternative. With a 60 second heat up time and a 15g steam burst, shoppers will be able to remove wrinkles in an instant. With a 150ml water tank, shoppers can get over 10 minutes of use per tank that will kill 99.9 per cent of bacteria. To buy the Russell Hobbs Handheld Clothes Steamer, click HERE. Expandable Garden Hose Pipe - was £19.99, now £16.99 While not the most exciting item to shop for, an expandable hose is certainly a summer essential - especially for those who are wanting to keep their garden in tip top condition. Able to expand to 100ft in seconds, this hose is crafted with a double layer of 100 per cent latex core and is reinforced with 800D webbing. Boasting eight different spray modes, this hose will easily clean your house, car, floor, plants and garden. Click HERE to buy the Expandable Garden Hose Pipe. Apple AirTag - was £35, now £28 Apple AirTags are quickly becoming a must-have for frequent travellers so they can keep an eye on their luggage. As one of Amazon's best sellers, the tracker has been bought by over 5,000 people in the last month. Amazon has also reduced the price of multipacks. A pack of two is now £56 (RRP £70), a pack of three is down from £105 to £84, while a pack of four can now be bought for £92 instead of £119. To buy the Apple AirTag, click HERE. Jugeman Store Smart Watch - was £99.99, now £23.99 Amazon sells a vast variety of smart watches on its website, from high end brands such as Apple and Samsung to many budget models. For example, shoppers will save £76 on this budget-friendly smart watch. While equipped with Bluetooth to receive calls and texts, this 1.96-inch watch will also track your fitness, steps and sleep. This device also comes with up to seven days of battery life and 30 days of standby time. To buy the Jugeman Store Smart Watch, click HERE. Olay Super Serum - was £39.99, now £16.99 For those looking for a one-and-done skincare solution, this Olay Super Serum may be the answer. Developed to deliver five skin benefits, your skin will be glowing in time. This serum will provide a better texture, a more even tone, firmer skin, smoother lines and long-lasting hydration for less than half the usual price. Click HERE to buy Olay's Super Serum. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. 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