Ken 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…
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Robinhood’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 Reading Trump’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 Reading Gun 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 Reading Peeps 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 Reading These 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 Reading Elon 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 Reading America’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 Reading There 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,…
Continue Reading Wall Street is keeping very close tabs on WallStreetBets. Here’s how
Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop — before it’s too late.…
Continue Reading How Amazon can keep thriving even without Jeff Bezos
Jeff Bezos is stepping down as CEO of Amazon, but investors aren’t too worried about the company’s next steps. What’s happening:…
Continue Reading ‘We are lost:’ Fox News suffers ratings slump while staffers fret about post-Trump future
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “We are…
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‘It’s time to act’: Bend bakery begins ‘Twice More’ campaign to aid struggling restaurants
Bend’s Sparrow Bakery is calling on the community to keep a struggling industry alive.…
Continue Reading A surprise announcement in Amazon’s blockbuster earnings
Editor’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 Reading Read Jeff Bezos’s letter to Amazon employees
Amazon’s founder Jeff Bezos is stepping down later this year as CEO. He sent the following email announcing the transition to Amazon employees…
Continue Reading Dow surges as stocks recover from GameStop mania
Wall 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 Reading Pfizer expects to rake in sales of $15 billion from its Covid-19 vaccine this year
Pfizer expects to earn approximately $15 billion in revenue from its Covid-19 vaccine this year, the company said Tuesday. Its fourth-quarter…
Continue Reading Tesla recalls 135,000 cars after pushing back against regulators
Tesla 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…
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