Business

An American journalist working in Myanmar was detained by local authorities Monday, his family and his news organization told CNN. Danny Fenster, 37, was stopped at the Yangon airport as he tried to board a flight out of the country, his brother Bryan Fenster said. Fenster, a US citizen originally from Detroit, Michigan, works for

More than 100 employees at the Associated Press have signed an open letter calling for more information about the recent firing of 22-year-old journalist Emily Wilder. Wilder’s ouster, and the newswire’s lack of candor about its cause, has caused a rare uproar inside the storied news organization. Monday’s open letter said the lack of communication

One year ago today, the world watched George Floyd’s life slowly slip away under the knee of a Minneapolis police officer. The outpouring of rage and empathy that followed shook the foundations of Corporate America in unprecedented ways, but experts say it’s far too early to say whether the business world’s pledged commitments to lasting

Walmart has apologized to people who received emails containing the n-word in an earlier message from the retailer. On Monday, Walmart said someone outside the company created fake accounts on its site using the email addresses of the individuals in question. That prompted an auto-generated email from the company that contained the racial slur. Walmart

A German e-commerce startup wants to disrupt the New York City grocery market with deliveries to customers’ apartments in 10 minutes or less. Gorillas, founded last year in Berlin and now available in more than 25 European cities, will begin deliveries in a handful of Brooklyn neighborhoods this month. Brooklyn will be Gorillas’ first location

For decades, ExxonMobil has deployed Big Tobacco-like propaganda to downplay the gravity of the climate crisis, shift blame onto consumers and protect its own interests, according to a Harvard University study published Thursday. The peer-reviewed study found that Exxon publicly equates demand for energy to an indefinite need for fossil fuels, casting the company as

It’s been 365 days since George Floyd was murdered by a police officer on a Minneapolis street. Many of the city’s residents and small business owners that serve them are still reeling from the fallout. Local business leaders say rising crime and a divided state government have obstructed their city’s ongoing recovery from both the

HSBC CEO Noel Quinn isn’t buying into the bitcoin craze. The chief executive told Reuters in an interview this week that his bank has no plans to launch a cryptocurrency trading desk, and “given the volatility, we are not into bitcoin as an asset class.” HSBC confirmed Quinn’s remarks to CNN Business but declined to

Bitcoin and other cryptocurrencies plunged earlier this month after Elon Musk said Tesla would stop accepting bitcoin as payment for its vehicles because of the huge amount of energy needed to mine bitcoin. But Musk might be having a slight change of heart. The Tesla and SpaceX CEO tweeted late Monday that he spoke with

Central banks were the superheroes of the early phase of the pandemic, taking dramatic steps to save the economy and financial markets from ruin. Now, as the recovery kicks into gear, they’ve become a major risk for investors. What’s happening: The latest reading of the Back-to-Normal Index from CNN Business shows that the US economy’s

A British clothing retailer has come under fire for trademarking the name of the west African Yoruba people several years ago, igniting a debate online about whether trademarking names of ethnic groups amounts to cultural appropriation. Timbuktu, an outdoor clothing brand based in northern England, filed to trademark the word “Yoruba” in 2015, records from

Dozens of people took to Twitter on Monday to say they received emails with a racial slur from a Walmart account after someone created fake accounts with their addresses on the company’s site. An auto-generated “Welcome to Walmart” email, which was sent to the accounts after they were signed up for a Walmart shopping account,