(WFSB) – Right here is the Morning Enterprise Report for April 29.
Model gross sales
Verizon is considering promoting Yahoo and AOL.
It’s contemplating promoting its media division.
Verizon media might fetch as a lot as $5 billion, mentioned the folks, who requested to not be recognized as a result of the matter isn’t public. The corporate is speaking to apollo world administration inc. A few deal.
Amazon inventory cut up
There are stories that amazon will announce a inventory cut up when it stories earnings later Thursday.
The shares are buying and selling round $3,500 and a cut up would make them extra inexpensive and improve Jeff Bezos’s web price.
Amazon will increase wages by between 50 cents and $3 an hour for greater than half 1,000,000 of its U.S. workers.
The pay raises will begin to take impact within the subsequent few weeks.
Amazon employs 8,500 folks in Connecticut finally depend.
Rates of interest
The Federal Reserve left rates of interest close to zero and reiterated that rising inflation was solely momentary.
Fed Chairman Jerome Powell mentioned the restoration is “uneven and much from full.”
The Fed could also be pressured to behave quickly as costs are rising on every part from gasoline to meals.
Inventory market replace
U.S. shares closed within the crimson Wednesday, following a quite quiet buying and selling session.