Jan 26, 2018

Wynn stock sinks on sexual assault allegations

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Uber to pay $4.4 million to settle sexual harassment charges

Photo: Alastair Pike/AFP via Getty Images

Uber has agreed to pay $4.4 million into a fund for victims of sexual harassment and establish a system to identify managers who fail to respond to reports as part of a settlement with the Equal Employment Opportunity Commission.

Why it matters: The EEOC opened an investigation into Uber following a string of reports in 2017 from employees about sexual harassment and discrimination at the ride-hailing company. Since then, Uber has replaced CEO Travis Kalanick with Expedia's Dara Khosrowshahi, who has vowed to rectify the company's culture.

Keep ReadingArrowDec 18, 2019

AMD's hot 2020 start could lead to another S&P record

Data: Investing.com; Chart: Axios Visuals

AMD was the best-performing stock on the S&P 500 in both 2018 and 2019, and it got off to a hot start in 2020, rising 7.1% on Thursday to touch a fresh all-time high.

The state of play: The stock rose nearly 80% in 2018, despite falling 40% during that year's disastrous fourth quarter, and it gained 148% in 2019, according to MarketWatch. The company's previous record high stock price was set June 21, 2000.

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The world's 500 richest people saw their collective net worth grow by 25% in 2019

Priscilla Chan and Mark Zuckerberg. Photo: Ian Tuttle/Getty Images for Breakthrough Prize

The world's 500 richest people added $1.2 trillion to their collective net worth in 2019, boosting their holdings by 25% to $5.9 trillion, according to Bloomberg.

Why it matters: Income inequality has become a key issue for politicians around the globe, highlighted by the fact that the wealthiest 0.1% of Americans now hold a larger share of wealth at any point since 1929 — the start of the Great Depression.

Go deeperArrowDec 27, 2019