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Bloomberg reports that Blue Apron is cutting 1,270 positions from its New Jersey facility, about a month after its IPO. Bloomberg notes that the company had 5,202 employees at the end of March.

Bloomberg Intelligence estimated earlier that China's gas storage will rise to 4.1 percent of demand in 2020.

Blue light illuminates the night sky after a transformer explosion at Queens borough in New York, US, on Dec 27, 2018. [Photo/IC]

Both Bezos and Gates live in the tony Seattle area neighborhood of Medina, Washington. Bloomberg notes that Gates would have had a net worth of 0 billion, if he’d held onto money that he’s given away to his philanthropic arm, the Bill & Melinda Gates Foundation.? Gates is now the second richest person in the world, with a net worth of billion.

Both experts emphasized that getting out of "absolute poverty" does not equal a well-off life, and warned of the risk of raising the current poverty line, as it will sharply increase the number of have-nots, which could dilute the relief effort and jeopardize the interests of the poorest of the poor.