World News: The Daily Money: Bezos steps down (whoa)

ALL THE MONEY NEWS YOU NEED TO KNOW

Wednesday, February 3

Good morning, Daily Money subscribers, it's Money reporter Nathan Bomey back with you.

When I saw the news flash across my phone, I'll admit I was initially shocked. Yes, it's true: Jeff Bezos is stepping down as CEO of Amazon.

No, he's not being pushed out. He'll become executive chair and will pivot more of his time to focusing on his outside ventures, including his space company, Blue Origin.

When news like that breaks, it's all hands on deck at USA TODAY. Although we're all still working in a virtual newsroom, it was just like the old days when many of us were in the same place. We scrambled to get the news published quickly and divided responsibilities to each report a part of the story. Journalism never stops.

Speaking of which, here's an important topic: Getting a job has been tough for many during the pandemic, but it's especially hard for ex-offenders.

Meanwhile, more first-time homebuyers are getting a helping hand with their downpayments.

Hey, did you hold onto that GameStop stock? The boom times might be over.

Finally, are you looking for date ideas for Valentine's Day? Lowe's has you covered.

More news below.

--Nathan Bomey, Money reporter