Money Archives

Kohl’s tried striking a deal with Amazon. It wasn’t enough

February 23, 2021 5:39 am CNN Newsource

When Michelle Gass took over as Kohl’s CEO in 2018, she tried getting creative to bring more shoppers into stores. The company had just struck…

Jay-Z sells half of his Champagne brand to owner of Dom Pérignon

February 23, 2021 3:39 am CNN Newsource

Jay-Z and luxury goods giant LVMH have a reason to break out the bubbly. LVMH, which owns Dom Pérignon and Moët & Chandon, has taken a 50%…

Insist or incentivize? Companies are deciding whether to make vaccines mandatory

February 23, 2021 3:15 am CNN Newsource

Companies are now being forced to answer a question that was until recently mostly hypothetical. Should they require their employees to get a…

HSBC is pushing even harder into Asia and wants to bring back its dividend

February 22, 2021 11:40 pm CNN Newsource

HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between…

MyPillow and CEO Mike Lindell hit with $1.3 billion lawsuit

February 22, 2021 6:12 pm CNN

Dominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing…

Airlines ground dozens of Boeing 777 planes after engine failure over Denver

February 22, 2021 4:36 pm CNN Newsource

Airlines in the United States, South Korea and Japan have grounded dozens of Boeing 777 aircraft after one of the jets suffered engine failure…

Chief of Cherokee Nation asks Jeep to stop using tribe’s name

February 22, 2021 2:53 pm CNN

The principal chief of the Cherokee Nation has asked Jeep to stop using the tribe’s name on its SUVs. The Jeep Grand Cherokee is the…

The 737 Max is no longer Boeing’s biggest problem, after yet another safety grounding

February 22, 2021 1:27 pm CNN

Late last year it seemed Boeing was finally on the verge of moving past some of the biggest challenges in its history. US regulators lifted the…

Momentum is building for a stock-trading tax — and Wall Street is furious

February 22, 2021 12:10 pm CNN Newsource

Uncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the…

This bitcoin bank’s stock has jumped nearly 1,300% in just over a year

February 22, 2021 11:08 am CNN

The boom in bitcoin prices is giving a huge lift to a California bank that accepts cryptocurrency deposits and doles out bitcoin-backed loans. Shares…

Janet Yellen on what a successful economic recovery looks like

February 22, 2021 10:34 am CNN Newsource

The US economy is still at the mercy of the pandemic. But for policy makers to help the recovery along, we must first get the virus under control,…

The Texas deep freeze could force this energy company out of business

February 22, 2021 9:51 am CNN Newsource

Electricity and gas provider Just Energy warned that the financial impact of the Texas winter storms could force it out of business. Just Energy said…

Biden is president, but Trump’s election lies are still being amplified by his media allies

February 22, 2021 9:18 am CNN

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. USA Today and Suffolk…

Black women executives making history in the c-suite offer career advice to those following in their footsteps

February 22, 2021 9:16 am CNN Newsource

Kamala Harris isn’t the only Black woman making history in 2021. The January 20 swearing-in of the nation’s first woman, Black and…

Bill Gates: Tradeoffs in Texas led to deaths

February 22, 2021 9:14 am CNN

In an interview with CNN’s Anderson Cooper, Bill Gates said deaths during Texas’ winter freeze were preventable, caused by the…

Rio Tinto blew up a sacred site in Australia. The CEO left but still got a huge payout

February 22, 2021 7:56 am CNN Newsource

Rio Tinto’s former CEO got a huge payout last year despite being forced to resign over the company’s destruction of a sacred Indigenous…

Dominion sues MyPillow and its CEO Mike Lindell for $1.3 billion

February 22, 2021 7:46 am CNN

Dominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing…

Disney+ warns viewers that ‘The Muppet Show’ includes offensive content

February 22, 2021 7:39 am CNN Newsource

Disney+ is warning viewers that some episodes of “The Muppet Show” feature “negative depictions” and “mistreatment of…

Taco Bell joins the chicken wars with a new taco

February 22, 2021 5:15 am CNN Newsource

Everyone seems to love fried chicken sandwiches. But how about a fried chicken sandwich on a taco? Taco Bell is making that dream come true with its…

Publix joins a growing list of grocers offering incentives for workers to get vaccinated

February 21, 2021 2:25 pm CNN Newsource

Publix joined a growing list of US grocers and retailers offering incentives to workers who get the Covid-19 vaccine. The popular Southern…