Monthly Archives: July 2022

Meet Doug Herrington, Amazon’s new retail CEO

It’s Friday, folks. Jordan Parker Erb here, reporting to you from New York. This week, insiders gave us a glimpse into the leadership style of Amazon’s mild-mannered, Allbirds-wearing new retail boss, Doug Herrington. Before we get started: Do you know someone who’s shaping the marketing tech industry? Nominate them for Insider’s fourth annual list of martech…

Trump left Truth Social board not long before it got hit with an SEC subpoena, filing shows

Former US President Donald Trump. Mandel Ngan/AFP via Getty Images A filing shows Donald Trump was removed as a director from Truth Social’s board on June 8. It happened three weeks before Truth Social’s parent company was issued with a federal subpoena. Truth Social in a statement denied that Trump left the board, despite the…

Commodity prices are slumping. Here’s why it could mean inflation is on the way down.

It’s Friday, readers. Phil Rosen here, reporting from New York. Gloom pervades global markets this morning, following the death of former Japanese prime minister Shinzo Abe, who was shot while giving a speech in the city of Nara. In today’s newsletter, we are also covering the indicators that suggest soaring prices are coming back down…

Warren Buffett’s Berkshire Hathaway buys another $700 million of Occidental Petroleum stock — and now commands a $11 billion stake in the energy giant

Warren Buffett. Thomson Reuters Warren Buffett’s Berkshire Hathaway plowed another $700 million into Occidental Petroleum this week. Buffett’s company now commands a 18.4% stake valued at nearly $11 billion. Berkshire has invested more than $9 billion in the energy stock since the beginning of March. Warren Buffett’s Berkshire Hathaway piped about $700 million into Occidental Petroleum…

A Russian billionaire said he only found out he was sanctioned when he read it in the news while on vacation, days before his 50th birthday

Andrey Melnichenko told Weltwoche that he didn’t know Putin “at all” and had never me him alone. Mikhail Svetlov/Getty Images, Getty Images Andrey Melnichenko said he only found out the EU had sanctioned him when he read it in the news. The industrialist told Weltwoche that he was only sanctioned because he’s Russian and rich….

I’m an airport security officer. We can’t just ‘speed up’ preventing terrorism, no matter how angry passengers get.

Passengers have been facing long lines at Düsseldorf Airport. INA FASSBENDER/AFP via Getty Images Passengers have been facing long waits for security at airports around the world. An airport security officer at Düsseldorf Airport told Insider what workers were facing. He said the security service provider wasn’t hiring enough staff despite the shortages. This is…

Shinzo Abe assassination shocks Japan, which had one of the world’s lowest rates of gun crime

Former Japanese Prime Minister Shinzo Abe. Photo by Tomohiro Ohsumi/Getty Images Japan’s former prime minister was shot dead on Friday. The assassination has shocked Japan, which has strict gun laws that make it hard to procure firearms. One expert told CNN that Japanese people can’t imagine a US gun culture and “This is a speechless…

Shinzo Abe was only confirmed as speaker one day before event where he was killed, deepening questions around assassination

Shinzo Abe, seen in the center standing on a platform, at the event in Nara, Japan, where he was shot dead on July 8, 2022. Twitter @makichanman37 via Reuters The former Japanese prime minister Shinzo Abe was shot dead at a campaign speech on Friday.  Abe’s visit to the city of Nara was only confirmed…