Business

Brian Chesky had some air mattresses, but not much more, in 2008 when the presidential election triggered an idea for his then-fledgling startup, Airbnb. To draw attention to their site, Chesky and his co-founders started selling politically themed cereals. There were Obama-os, “the breakfast of change,” and Captain McCains, “a maverick in every bite,” as

Goya’s board of directors had enough of CEO Robert Unanue’s public comments in support of former President Donald Trump and his unfounded claims of voter fraud. On Friday, it voted to muzzle him. The board of the privately held Latino food company voted to censure Unanue, following his most recent controversial remarks that questioned the

Tesla CEO Elon Musk is the richest person on the planet, but he’s apparently still happy to shop on handmade craft site Etsy. And in a sign of just how much influence Musk has on social media, shares of Etsy soared nearly 10% in premarket trading Tuesday just because he said he’s a fan. “I

Mike Lindell, the CEO of MyPillow, was banned from Twitter Monday night, according to a Twitter spokesperson. Twitter made its decision based on a new policy it enacted after the Capitol insurrection whereby people who repeatedly share election misinformation can be permanently banned. “The account you referenced has been permanently suspended due to repeated violations

Martha Stewart wants to help pet owners turn dog days into dog daze. The lifestyle guru is bringing a new line of CBD dog treats to the market. Stewart’s CBD for Pet line includes soft-baked chews and oil drops in three different formulas, including wellness, calm and mobility, with flavors such as chicken and cranberry,

Cici’s, a restaurant chain best known for its pizza buffets, has filed for bankruptcy. In a court filing late Monday, Cici’s blamed its Chapter 11 filing on the “unpredictable and unprecedented scale” of the pandemic, which decimated its bottom line and customer demand because it relies heavily on its dining rooms. The Texas-based company has

The European Union is calling out vaccine makers AstraZeneca and Pfizer over delivery delays that could slow its recovery from the pandemic. Officials are even threatening to restrict exports and take legal action as anger mounts. AstraZeneca will not be able to deliver as many doses of its vaccine as promised, according to EU officials,

If you thought Fox News would dial down the highly charged rhetoric after Donald Trump left office, you’d be mistaken. It is not slowing down when it comes to bashing President Joe Biden. The network, which has long attacked Democrats, has noticeably ramped up the war of words about Biden since Inauguration Day. “These channels

The meteoric rise in GameStop’s stock, as traders congregating on Reddit and Discord take on short sellers and hedge funds, is hard to look away from. It’s the closest thing Wall Street has to David vs. Goliath. What’s happening: Shares of GameStop, a legacy company whose stores are often located in struggling malls, have soared

Marty Baron, the editor who transformed the Washington Post into an international powerhouse and led the news organization to win 10 Pulitzer Prizes, is retiring next month. Baron, 66, said in an internal memo Tuesday morning that he feels “ready to move on.” His last day at the paper will be February 28. “From the

Target is the latest major retailer to stop selling Chaokoh coconut milk following accusations that its manufacturer uses monkey labor. In a statement Monday, PETA said the retailer dropped the product because an investigation conducted by the nonprofit organization found that the Thailand-based Theppadungporn Coconut Co. has been “exploiting monkeys and lying about it.” Target

Billionaires are minting money during the pandemic, even as millions of Americans join the ranks of the poor. US billionaires have collectively become $1.1 trillion — nearly 40% — richer since mid-March, according to a report published Tuesday by progressive groups Institute for Policy Studies and Americans for Tax Fairness. In other words, not only

The European Union is calling out vaccine makers AstraZeneca and Pfizer over delivery delays that could slow its recovery from the pandemic. Officials are even threatening to take legal action and introduce export controls on doses produced in the bloc as anger mounts. AstraZeneca will not be able to deliver as many doses of its

Leon Black will step down as CEO of Apollo Global Management, the investment firm said, as it also announced that an internal investigation into Black’s ties to Jeffrey Epstein found no wrongdoing. Black will retire by the end of July and will be succeeded by Marc Rowan, a co-founder of the private equity firm, as

GameStop is expected to lose money this year and next year. Sales growth is sluggish as fewer gamers need to go to stores — or even shop online — when they can download new titles directly from their consoles, PCs, phones or tablets. So why are shares of the video game retailer up more than

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. Today in business news: GameStop’ shares are soaring, Budweiser is skipping the Super Bowl and Coke with Coffee is just the chaos we need right now. Let’s get into it. GAMESTOP

Lawmakers confirmed Janet Yellen as Treasury secretary on Monday, making her the first woman in American history to hold the position. As head of the Treasury, she’ll be tasked with shepherding President Joe Biden’s $1.9 trillion American Rescue Plan through Congress and overseeing its execution. The plan includes $1,400 stimulus checks, expanded unemployment benefits, and

It was a volatile day on Wall Street, where stocks suddenly tumbled mid-morning before bouncing back. Investors have a lot on their minds: President Joe Biden’s stimulus plan is facing criticism from lawmakers concerned about the deficit, a deluge of corporate earnings is on tap and drug maker Merck pulled its Covid-19 vaccine plans. Meanwhile,