GM earnings much better than expected as revenue climbs 11%
By Chris Isidore, CNN General Motors reported a much better-than-expected first quarter, and said it will do even better than it expected for…
Continue ReadingMoney
UPS flashes a warning sign about the US economy
By Chris Isidore, CNN UPS says the US economy is slowing down. America’s largest trucking company said Tuesday that revenue fell 6% in the…
Continue ReadingNetflix to invest $2.5 billion in South Korea as K-content continues to dominate
By Gawon Bae and Michelle Toh, CNN Netflix is doubling down on South Korea with plans to invest $2.5 billion over the next four years to produce more…
Continue ReadingWall Street Journal: Bud Light owner places two execs on leave after transgender influencer backlash
CNN By Krystal Hur, CNN Anheuser-Busch has placed two executives who managed Bud Light’s sponsorship of two Instagram posts from a transgender…
Continue ReadingNBCUniversal CEO Jeff Shell fired after allegations of sexual harassment were corroborated, Comcast says
By Elizabeth Stuart and Oliver Darcy, CNN Comcast said Monday it fired NBCUniversal CEO Jeff Shell after corroborating a female employee’s…
Continue ReadingHow coupons backfired on Bed Bath & Beyond
By Nathaniel Meyersohn, CNN For decades, blue and white paper coupons defined Bed Bath & Beyond’s brand, popping up everywhere from the…
Continue ReadingFirst Republic stocks drops nearly 50% after plunge in deposits
By Nicole Goodkind, CNN First Republic stock plunged by nearly 50% at the close of trading on Tuesday, hitting a new record low after the embattled…
Continue ReadingLayoffs loom in the US manufacturing sector as backlogs shrink
Bryan Mena, CNN US manufacturers have now mostly worked their way through their backlogged orders — and that means job cuts could be on the horizon…
Continue ReadingWall Street Journal: Bud Light owner places two execs on leave after transgender influencer backlash
By Krystal Hur, CNN Anheuser-Busch has placed two executives who managed Bud Light’s sponsorship of two Instagram posts from a transgender…
Continue ReadingTucker Carlson out at Fox News
CNN By Oliver Darcy and Marshall Cohen, CNN Fox News and Tucker Carlson, the right-wing extremist who used his prime time perch at the talk network…
Continue ReadingDon Lemon and CNN part ways
By David Goldman and Oliver Darcy, CNN CNN has parted ways with longtime host Don Lemon. The announcement Monday came without explanation and…
Continue ReadingTucker Carlson out at Fox News
By Oliver Darcy and Marshall Cohen, CNN Fox News and Tucker Carlson, the right-wing extremist who used his prime time perch at the talk network to…
Continue ReadingDisney begins largest wave of layoffs, targeting thousands at ESPN, Parks, and other divisions
By Jon Passantino Disney is laying off several thousand workers across the company this week in the second and largest wave of cuts as part of the…
Continue ReadingBed Bath & Beyond is closing hundreds of stores. But they won’t be empty for long
By Nathaniel Meyersohn, CNN Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing hundreds of…
Continue ReadingLow employee engagement? Managers can help turn it around with this one habit
By Jeanne Sahadi, CNN Employers who want a productive, engaged workforce could do more to train, develop and support those in their managerial ranks.…
Continue ReadingDemocratic senators want to ban stock trading in Congress
By Nicole Goodkind, CNN Business Last year, the S&P 500 fell 18%, but you wouldn’t know it from looking at the portfolios of US lawmakers.…
Continue ReadingDepositors pulled $75 billion from Credit Suisse as it veered toward collapse
By Hanna Ziady, CNN Credit Suisse bled customer deposits worth 67 billion Swiss francs ($75.2 billion) in the first three months of the year, and…
Continue ReadingExxonMobil, Chevron earnings down from record levels but top forecasts
CNN By Chris Isidore, CNN Despite falling gas prices, ExxonMobil and Chevron reported bumper profits last quarter. While they were lower than last…
Continue ReadingChina makes major push in its ambitious digital yuan project
By Laura He, CNN Public sector workers in an eastern Chinese city are set to be paid fully in digital yuan, as the country makes a significant push…
Continue ReadingNBCUniversal CEO stepping down over ‘inappropriate relationship’
By Ramishah Maruf and Oliver Darcy, CNN NBCUniversal CEO Jeff Shell is leaving the company after an outside investigation “into a complaint of…
Continue Reading