Disney heiress: Our tax structure is upside down
Abigail Disney, the granddaughter of Roy Disney, explains how the tax system enables rich people to avoid paying income taxes. She tells CNN’s…
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Abigail Disney: Executives would rather be shot than fly first class
By Moira Ritter, CNN Business Abigail Disney has a lot to criticize about American billionaires — especially when they inherit a pile of cash…
Continue Reading McDonald’s finally announces when its new loyalty program will launch
By Jordan Valinsky, CNN Business McDonald’s will launch its first-ever nationwide loyalty program July 8. It’s aimed at expanding…
Continue Reading Steven Spielberg’s production company signs a deal with Netflix
By Frank Pallotta, CNN Business Steven Spielberg is partnering with Netflix. Getting Hollywood’s premiere director represents a major coup for…
Continue Reading Steven Spielberg is partnering with Netflix
Steven Spielberg’s production company Amblin Partners signed a deal with Netflix to produce multiple new feature films per year. CNN’s Frank Pallotta…
Continue Reading Government spending ‘fatigue’ is a risk worth watching
By Julia Horowitz, CNN Business As the global recovery takes hold, governments around the world will be increasingly tempted to stop throwing so much…
Continue Reading A free Peloton membership could be your newest work benefit
By Jordan Valinsky, CNN Business Paid time off, retirement benefits and … a Peloton membership? That could be your newest work perk as the…
Continue Reading EU antitrust officials are investigating Google’s vast ads business
By Mark Thompson, CNN Business The European Union has launched an antitrust investigation into Google’s vast advertising business, claiming…
Continue Reading Bumble just gave its entire staff the week off to recharge
By Michelle Toh, CNN Business Bumble is giving its entire team a break. The dating app has shut down its offices around the world this week “as…
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Federal Covid jobless benefits end for Texans this week
EL PASO, Texas — Gov. Greg Abbott has opted Texans out of all additional federal unemployment aid as of the end of this week. In May,…
Continue Reading Bitcoin plunges below $30,000 as China ramps up the pressure on cryptos
By Laura He, CNN Business Bitcoin tanked again on Tuesday and fell below $30,000 for the first time since late January as China escalated its…
Continue Reading New York City’s slow-motion primary election will force the press to show some patience
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Advocacy group accuses Smithfield Foods of falsely warning of meat shortages
By Danielle Wiener-Bronner, CNN Business Smithfield Foods, one of the country’s top meat processors, has been sued by a consumer advocacy…
Continue Reading St. Croix refinery that rained oil on neighborhoods is shutting down indefinitely
By Alexis Benveniste and Fredreka Schouten, CNN The Limetree Bay oil refinery in St. Croix said it would close indefinitely, citing “severe…
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Spectrum expansion to create 929 new jobs in east El Paso
EL PASO, Texas — A big telecommunications company plans to more than double its El Paso workforce with two projects in east El Paso, formally…
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Borderland virtual job fair seeks to match people in ‘ability friendly’ work environment
EL PASO, Texas — Hiring people, not labels – that’s the theme of a virtual job fair this Wednesday. Workforce Solutions Borderplex is hosting the…
Continue Reading Advocacy group accuses Smithfield Foods of falsely warning of meat shortages
Smithfield Foods, one of the country’s top meat processors, has been sued by a consumer advocacy group, which alleges that Smithfield misled…
Continue Reading St. Croix refinery that rained oil on neighborhoods is shutting down indefinitely
The Limetree Bay oil refinery in St. Croix said it would close indefinitely, citing “severe financial constraints” a month after the…
Continue Reading Dow notches best day since March as Wall Street rebounds
US stocks soared Monday, making up lost ground after a multi-day losing streak last week. The Dow closed 1.8%, or nearly 590 points, higher. The…
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Stocks surge, Dow closes up 586 points
NEW YORK, NY — U.S. stocks rallied Monday and clawed back most of their sharp loss from last week. The Dow surged to close up 586.57 points or…
Continue Reading NYC mayor says Amazon Prime Day is ‘perfect day not to shop Amazon’
New York City Mayor Bill De Blasio addressed business economic recovery efforts for small businesses around the city by first acknowledging that…
Continue Reading Dow surges more than 500 points as Wall Street rebounds
US stocks are rallying Monday, making up lost ground after a multi-day losing streak. The Dow surged more than 550 points, or 1.7%, in the early…
Continue Reading American investors are trying to buy a UK supermarket. Here’s why
Britain’s fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a…
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Steven Spielberg’s production company signs a deal with Netflix
Steven Spielberg is partnering with Netflix. Getting Hollywood’s premiere director represents a major coup for the streaming service. Amblin…
Continue Reading Lordstown executives sold millions of dollars in stock before problems became public
Lordstown Motors, the embattled electric truck startup, is facing more scrutiny after several of its top executives sold off millions in dollars of…
Continue Reading What on earth is a SPAC?
What do Jay-Z, A-Rod, Ciara, Serena Williams, Shaq, hedge fund billionaire Bill Ackman, former house speaker Paul Ryan, and Richard Branson all have…
Continue Reading Bill Ackman’s SPAC buys 10% of the music giant behind Kanye West
Vivendi has agreed to sell 10% of Universal Music to a so-called blank check company backed by hedge fund billionaire Bill Ackman for about $4…
Continue Reading Here are the companies rushing workers back to the office — and the ones that aren’t
It’s been 15 long months since millions of workers left their offices and set up makeshift desks at home. But as Covid-19 cases decline and…
Continue Reading First Solar CEO: Getting rid of Trump tariffs would pose challenges
China’s solar industry monopoly took a hit earlier this month when a new Ohio-based solar panel factory was announced. First Solar, the only…
Continue Reading First Solar CEO: We’re not dependent on the Chinese supply chain
First Solar is building a factory in Ohio, creating the biggest plant for making solar panels outside of China. CEO Mark Widmar talks to CNN’s Julia…
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