Markets

Fox Business Briefs 5/2

TikTok fined $600 million by EU regulator; Apple and Amazon report upbeat earnings, Airbnb sees possible travel slowdown; More shoppers are using Instacart; Nike releases "Dirty Air Force 1.”

Jeff Bezos to sell nearly $5B of Amazon stock

Billionaire Jeff Bezos adopted a trading plan to offload up to 25 million Amazon shares in the coming months, according to a new Securities and Exchange Commission filing.

This is a wake-up call for China: Market expert

Former Gartman Letter editor Dennis Gartman and The Lonski Group President and founder John Lonski on Apple earnings, gold dropping to a two-week low on easing trade tensions and expectations ahead of the April jobs report data.

Trump closes tariff loophole on cheap online goods from China

President Donald Trump has closed a tariff loophole that allowed Chinese e-commerce giants like Shein and Temu to sell low-cost goods in the U.S. without paying duties — a move that is expected to drive up prices for American consumers.