Category Archives: CNN – Business

Here are all the wildest allegations from the former Nikola chairman indictment
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Here are all the wildest allegations from the former Nikola chairman indictment

A truck with the doors duct-taped on. Ford pickups masquerading as something else. The head of a company running to google whether or not the thing he had just promised inventors was even physically possible. These are some of the wildest allegations from charging documents filed this morning against Trevor Milton, the founder and former…MORE

How Nestlé, Keurig and Mattel are coping with inflation
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How Nestlé, Keurig and Mattel are coping with inflation

As the global economic recovery from the pandemic gathers steam, big businesses are grappling with a formidable problem: What to do about rising prices? What’s happening: On earnings calls across time zones, corporate executives are lamenting the impact of inflation, pointing to higher costs for parts and materials, transportation and labor. Nestlé CFO François-Xavier Roger:…MORE

Europe’s economy posts 13% growth as recovery accelerates
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Europe’s economy posts 13% growth as recovery accelerates

European economies posted stronger than expected growth in the second quarter, with consumer and business confidence booming as Covid-19 restrictions were eased. GDP across the European Union rose by 13.2% compared with the same period last year, and by 1.9% compared with the previous quarter, according to a preliminary estimate published Friday by the EU…MORE

Fox says MyPillow CEO Mike Lindell has decided to ‘pause’ his pillow ads amid election crusade
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Fox says MyPillow CEO Mike Lindell has decided to ‘pause’ his pillow ads amid election crusade

Mike Lindell’s pillows have been propping up Fox News for years. But now the relationship is on “pause.” Here’s the context for the Thursday evening announcement: Lindell, the CEO of MyPillow, has had beef with Fox for months. He brought it up with The Atlantic’s Anne Applebaum when she interviewed him for a profile titled…MORE

Microsoft CEO warns ‘people will vote with their feet’ when it comes to return-to-work policies
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Microsoft CEO warns ‘people will vote with their feet’ when it comes to return-to-work policies

Major tech companies are rethinking their return-to-work policies as the spread of the Delta variant prompts a surge in Covid-19 cases across the country. This week, Google, Facebook and other companies took a firm stance on vaccine mandates, requiring all US employees to be vaccinated before returning to the office. But one tech giant, Microsoft,…MORE

Melinda French Gates and MacKenzie Scott team up to give $40 million to support women
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Melinda French Gates and MacKenzie Scott team up to give $40 million to support women

In a powerful philanthropic pairing, Melinda French Gates and MacKenzie Scott have teamed up to direct $40 million to advancing the power and influence of American women over the next decade. The donation is being awarded to winners of the Equality Can’t Wait Challenge, a competition hosted by French Gates’ investment firm Pivotal Ventures, with…MORE

Scarlett Johansson is suing Disney over ‘Black Widow’ Disney+ release
Courtesy Marvel Studios

Scarlett Johansson is suing Disney over ‘Black Widow’ Disney+ release

One of Marvel’s biggest stars is suing Disney. Actress Scarlett Johansson filed a lawsuit in Los Angeles Superior Court on Thursday that alleges Disney breached her contract by releasing the highly anticipated superhero film “Black Widow” on its streaming service, Disney+. The film was released simultaneously on the service and in theaters, which the suit…MORE

Goldman Sachs draws a line in the sand on employee vaccination
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Goldman Sachs draws a line in the sand on employee vaccination

All eyes are on Wall Street as the Covid-19 Delta variant continues to spread and Corporate America starts rolling out vaccination policies. And although there’s talk of banks requiring employees to show proof of vaccination, Goldman Sachs has drawn its line in the sand. The investment bank is barring employees from using their ID cards…MORE

Robinhood stumbles in Wall Street debut
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Robinhood stumbles in Wall Street debut

Wall Street didn’t exactly roll out the red carpet to welcome Robinhood after its highly anticipated debut. The fast-growing trading company finished Thursday at $34.82, down 8% from its initial public offering price. Robinhood failed to score the first-day pop that new companies covet. And that’s despite Robinhood pricing its IPO at $38, the low…MORE

Many ‘apes’ on Reddit are sitting out the Robinhood IPO
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Many ‘apes’ on Reddit are sitting out the Robinhood IPO

Robinhood’s initial public offering is arguably the most eagerly awaited of the year. But according to commentary on Reddit, it’s one of the least popular for some traders. There appear to be a lot of angry individual investors — the so-called apes of Reddit — who want nothing to do with the company or the…MORE

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