A Black woman will be the world’s top trade official for the first time
The path has been cleared for Nigeria’s Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade…
Continue ReadingThe path has been cleared for Nigeria’s Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade…
Continue ReadingThousands of Amazon warehouse workers at an Alabama facility will be able to cast their votes on whether to unionize by mail-in ballots beginning…
Continue ReadingLuckin Coffee, once hailed as China’s homegrown rival to Starbucks, has filed for bankruptcy in the United States less than a year after the…
Continue ReadingMarty Walsh may not seem like the person to overhaul the gig economy. He spent years advocating for construction workers and less time on the…
Continue ReadingEnjoying more free time while working from home? Maybe not. New research conducted during the pandemic shows that home-working employees in the…
Continue ReadingReddit favorite GameStop isn’t looking so hot this week and some of the stock’s biggest backers are freaking out. After selling off…
Continue ReadingPeloton’s rapid ascent to becoming a must-have home fitness accessory has caused major delivery delays that are angering new customers. The…
Continue ReadingA semiconductor shortage is battering the global auto industry at a crucial moment, and the pressure shows no sign of easing soon. What’s…
Continue ReadingJim Nantz has called many Super Bowls (six, to be exact), but none can compare to this Sunday’s big game. For starters, Super Bowl LV will mark…
Continue ReadingAmerica’s jobs recovery has lost steam: Even though 49,000 jobs were added in January, the nation is still down nearly 10 million jobs since…
Continue ReadingKuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic…
Continue ReadingThe first jobs report of the Joe Biden presidency was less than okay — but Wall Street cheered anyway. Stocks rose Friday morning, extending…
Continue ReadingIt took less than six months for Instagram’s Snapchat clone to catch up to its rival’s audience size and be credited with stunting…
Continue ReadingRobinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue ReadingRobinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue ReadingRobinhood lifted trading limits on GameStop, AMC and other Reddit favorites Friday, easing restrictions that engulfed the free trading app in…
Continue ReadingThe jobs recovery has hit a roadblock: The US jobless rate hasn’t improved since the fall and economists don’t have high hopes that this…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “This is the…
Continue ReadingJapanese companies bet on Myanmar years ago as the Southeast Asian country emerged from decades of military rule. But this week’s coup has…
Continue ReadingUK regulators have pulled the broadcasting license for China Global Television Network, or CGTN. Media regulator Ofcom said Thursday that it had…
Continue ReadingVale has agreed to pay nearly $7 billion in compensation after a dam collapsed at one of its mines in Brazil two years ago, killing 270 people and…
Continue ReadingKuaishou’s stock more than doubled in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus…
Continue ReadingMcKinsey & Company, one of the world’s largest consulting firms, will pay nearly $600 million in multiple settlements over its work…
Continue ReadingThe Kansas City Chiefs or Tampa Bay Buccaneers? We don’t know who will win Super Bowl LV. But the big sports betting and fantasy firms are…
Continue ReadingFord reported surprisingly good financial results at the end of a tough year, and said it was increasing its commitment to vehicles of the future…
Continue ReadingTwo Google engineers have resigned from the tech giant, citing the departure late last year of prominent Black artificial intelligence researcher…
Continue ReadingOne of the indelible images from the January 6 invasion of the US Capitol is of Jacob Chansley dressed in horns, a bearskin headdress, red, white and…
Continue ReadingIn January 2020, members of Congress held a hearing to discuss the importance of digital literacy and closing the digital divide, or who has access…
Continue ReadingIn his 2014 annual letter to shareholders, Amazon CEO Jeff Bezos wrote that a “dreamy business offering” comprises at least four…
Continue ReadingCitadel Securities is under the microscope over its relationship with Robinhood. But the high-frequency trading firm is not laying low. On the same…
Continue ReadingIf President Trump tunes into Fox News this weekend, he may see something unexpected: a point-by-point fact-check to wild election fraud claims made…
Continue ReadingA voting technology company swept up in baseless conspiracy theories about the 2020 election filed a monster $2.7 billion lawsuit on Thursday against…
Continue ReadingSmartmatic filed a $2.7 billion lawsuit on Thursday against Fox News, some of the network’s star hosts, including Lou Dobbs, Maria Bartiromo…
Continue ReadingVirtually all of the world’s major automakers are shifting to an all-electric future — and that’s as much about the bottom line as it…
Continue ReadingCryptocurrency dogecoin has an important fan — Elon Musk, who has 45 million followers on Twitter and more money than any other person on the…
Continue ReadingRobinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
Continue ReadingWhen you post photos of yourself or friends and family online, you may not imagine they could be used to develop facial-recognition systems that can…
Continue ReadingSnail noodles, marinated steaks and huge vats of bubble tea are helping China’s biggest fast food giant get through the coronavirus crisis. Yum…
Continue ReadingDeutsche Bank has made an annual net profit for the first time since 2014 thanks to a bumper year in a business it has scaled back. Germany’s…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The prevailing news…
Continue ReadingNetflix has amassed some 200 million subscribers and cemented its status as the king of streaming video. Now it’s looking to run up the score…
Continue ReadingMcKinsey & Company, one of the world’s largest consulting firms, will pay $573 million in a multistate settlement for its work with opioid…
Continue ReadingThe New York Times’ goal of attracting 10 million subscribers by 2025 is very much within reach thanks in part to readers who have flocked to…
Continue ReadingThe private bankers responsible for lending to President Donald Trump and Jared Kushner resigned from Deutsche Bank last year following allegations…
Continue ReadingAnother 779,000 Americans filed for first-time unemployment benefits on a seasonally adjusted basis in the last week of January, the Labor Department…
Continue ReadingA question consumed CNN employees recently: Was the company’s president, Jeff Zucker, going to leave after the presidential inauguration?…
Continue ReadingAs vaccinations pick up speed and Covid-19 cases fall from their recent peak, economic data out of the United States looks increasingly promising.…
Continue ReadingIn 1997, the year Amazon became a publicly traded company, CEO Jeff Bezos promised investors they would be in for a journey. Amazon would not chase…
Continue ReadingAmazon founder Jeff Bezos will transition from CEO to executive chair and pass the reins to Andy Jassy, a 24-year Amazon veteran, later this year,…
Continue ReadingParler CEO John Matze has been terminated by the board of the embattled social media company, according to Parler investor and right-wing commentator…
Continue ReadingMerck CEO Kenneth Frazier, who is currently one of the few Black CEOs of a Fortune 500 company, is retiring in June, ending a nearly 30-year run with…
Continue ReadingRobinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
Continue ReadingIn 1997, the year Amazon became a publicly traded company, CEO Jeff Bezos promised investors they would be in for a journey. Amazon would not chase…
Continue ReadingRobinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
Continue ReadingThe private bankers responsible for lending to President Donald Trump and Jared Kushner resigned from Deutsche Bank last year following allegations…
Continue ReadingThe Capitol Hill insurrection and the inauguration of a Democratic president who campaigned on strengthening gun control measures helped the firearms…
Continue ReadingThe recent battle between short-sellers and Reddit’s WallStreetBets crowd over the stocks of a handful of distressed companies has erupted into…
Continue ReadingRobinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue ReadingAfter a pandemic break, Peeps are back in production for Easter. Candy maker Just Born Quality Confections announced Wednesday that the sugary treats…
Continue ReadingNewsmax anchor Bob Sellers repeatedly tried to cut off MyPillow CEO Mike Lindell in an interview Tuesday after the Trump-supporting executive spread…
Continue ReadingLarge grocery chains stopped giving their workers hazard pay for showing up to the job last year. Now, some cities on the West Coast are starting to…
Continue Reading“Jeff is not leaving.” That is what Amazon chief financial officer Brian Olsavsky told analysts on the company’s earnings call…
Continue Reading“Jeff is not leaving.” That is what Amazon chief financial officer Brian Olsavsky told analysts on the company’s earnings call…
Continue ReadingAshley Vanderbilt says her four-year-old daughter Emmerson knew “something was wrong with her mom.” “I wasn’t one hundred…
Continue ReadingFord revealed a redesigned version of its F-150 Raptor high-performance pickup truck Wednesday with a more squared-edged looks and a wider…
Continue ReadingCritics have slammed Tesla for Model 3 quality issues for years. And now CEO Elon Musk is admitting even his harshest critic was right. In early 2018…
Continue ReadingThe pandemic is shining a spotlight on America’s inequality problem, but the nation’s economic playing field was far from level long…
Continue ReadingThe number of Black executives at the very top of the biggest companies on the London Stock Exchange has fallen to zero. There are no Black CEOs,…
Continue ReadingAs China sharpens its antitrust crackdown on the country’s massive tech companies, two of the industry’s biggest players are taking the…
Continue ReadingHedge funds, investment bankers and other institutional investors are desperate to find the next GameStop — before it’s too late.…
Continue ReadingThe Federal Aviation Administration said it will oversee an investigation into a crash landing of a SpaceX prototype rocket on Tuesday. The…
Continue ReadingJeff Bezos is stepping down as CEO of Amazon, but investors aren’t too worried about the company’s next steps. What’s happening:…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “We are…
Continue ReadingNo matter what happens next to shares of GameStop and AMC or the price of silver, average Joes and Janes are now an undeniable force to be reckoned…
Continue ReadingKia Motors’ stock just had its best day in more than two decades after news media in South Korea reported that it was closing in on a major…
Continue ReadingEditor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Continue ReadingAmazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of India’s biggest retailers. A court…
Continue ReadingAmazon’s founder Jeff Bezos is stepping down later this year as CEO. He sent the following email announcing the transition to Amazon employees…
Continue ReadingGoogle is providing a deeper look into the financials of its cloud business, and it doesn’t look great. Google Cloud posted an operating loss…
Continue ReadingSome iPhone users will soon be able to unlock their smartphones without needing to remove their face masks in public. There’s just one catch:…
Continue ReadingStarship SN9, SpaceX’s early prototype for a rocket the company hopes will carry the first humans to Mars, launched a high-altitude test flight…
Continue ReadingAmazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company…
Continue ReadingAstra, a US-based rocket startup aiming to build cheap rockets to haul satellites to space, announced Tuesday that it’s going public via a…
Continue ReadingWall Street surged for a second day in a row as GameStop mania appears to be calming down. Reddit’s favorite stock fell 60% Tuesday, adding to…
Continue ReadingGoogle will stop making video games, less than two years after launching its highly publicized Stadia gaming platform. The company is shutting down…
Continue ReadingBoston Dynamics is teaching its robot dog Spot new tricks. On Tuesday the company announced three new products for Spot — Spot Arm, Spot Enterprise…
Continue ReadingPfizer expects to earn approximately $15 billion in revenue from its Covid-19 vaccine this year, the company said Tuesday. Its fourth-quarter…
Continue ReadingTesla is recalling 135,000 Tesla Model S sedans and Model X SUVs because their large center touchscreens can fail. Tesla had previously objected to a…
Continue ReadingUber’s future used to be self-driving cars. Now it’s delivering alcohol. On Tuesday, the company announced that it is acquiring alcohol…
Continue ReadingNintendo keeps having one blowout quarter after another. But analysts say it’s going to need new games and hardware to keep that momentum…
Continue ReadingAlibaba reported a big quarter for its e-commerce business. But China’s most famous tech firm faced nervous investors on Tuesday as a…
Continue ReadingUPS is celebrating Black History Month with a special design on Express delivery packages, part of a campaign to support Black-owned small…
Continue ReadingFacebook said Monday that it is testing a new pop-up alert for iPhone and iPad users that stresses the benefits of its apps collecting personal data.…
Continue ReadingThe number of employed Americans won’t return to its pre-pandemic level until 2024, but the broad economy is expected to fully recover by the…
Continue ReadingExxonMobil lost $22.4 billion in 2020, its first annual loss since the 1999 merger that created the nation’s largest oil company. It’s…
Continue ReadingGoogle has reached a multimillion-dollar settlement with the US Labor Department over allegations of pay and hiring discrimination, the agency said…
Continue ReadingIt’s no secret that GameStop mania has put Wall Street on edge. What’s happening: The Dow and S&P 500 just logged their worst weeks…
Continue ReadingInvesting for the first time can be downright intimidating. It can bring up a whole host of nerve racking questions: Is it too risky? Is now the…
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