Robinhood’s CEO is not licensed by a powerful Wall Street regulator
Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
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Meal kits and buckets of bubble tea: How KFC’s owner is pivoting in China
Snail 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 just posted its first profit in years
Deutsche 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 ReadingReasons for cautious optimism amid Covid-19 crisis: ‘The news about the future’ is really promising
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The prevailing news…
Continue ReadingNetflix is doubling down on Asia with K-dramas and mobile-only deals. But China remains elusive
Netflix 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 will pay $573 million in settlement over its work with opioid companies
McKinsey & 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 had a record-setting year in 2020
The 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 ReadingTrump’s private bankers left Deutsche Bank over New York real estate deal
The private bankers responsible for lending to President Donald Trump and Jared Kushner resigned from Deutsche Bank last year following allegations…
Continue ReadingJeff Zucker announces he will stay on at CNN through the end of the year
A question consumed CNN employees recently: Was the company’s president, Jeff Zucker, going to leave after the presidential inauguration?…
Continue ReadingAfter a tough end to 2020, the US economy is quietly improving
As vaccinations pick up speed and Covid-19 cases fall from their recent peak, economic data out of the United States looks increasingly promising.…
Continue ReadingKen Frazier, one of the only Black Fortune 500 CEOs, is retiring
Merck 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’s CEO is not licensed by Wall Street’s powerful self-regulator
Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
Continue ReadingTrump’s private bankers left Deutsche Bank over a real estate deal
The private bankers responsible for lending to President Donald Trump and Jared Kushner resigned from Deutsche Bank last year following allegations…
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Gov. Brown outlines progress, goals of timber-conservation negotiations
Gov. Kate Brown kicked off the first in a series of negotiation sessions this month as part of a groundbreaking agreement between forestry…
Continue ReadingGun sales in January set a new record after Capitol Hill insurrection
The Capitol Hill insurrection and the inauguration of a Democratic president who campaigned on strengthening gun control measures helped the firearms…
Continue ReadingPeeps will be back for Easter after a 9-month hiatus
After a pandemic break, Peeps are back in production for Easter. Candy maker Just Born Quality Confections announced Wednesday that the sugary treats…
Continue ReadingThese cities want to give grocery store workers hazard pay
Large 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 ReadingElon Musk admits Tesla has quality problems
Critics 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 ReadingAmerica’s inequality problem isn’t new. The pandemic is just emphasizing it
The pandemic is shining a spotlight on America’s inequality problem, but the nation’s economic playing field was far from level long…
Continue ReadingThere are no Black execs at the top of Britain’s biggest companies
The 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,…
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