Credit Suisse CEO Tidjane Thiam resigns after spying scandal
Credit Suisse CEO Tidjane Thiam has resigned after acknowledging that two spying scandals last year had “disturbed” the Swiss bank. The…
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Ford shakes up management after giving a dreadful outlook
Ford announced Friday it will replace the president of its auto unit, three days after it announced a disappointing earnings outlook and financial…
Continue Reading The US economy added 225,000 jobs in January, beating expectations
The US economy added 225,000 jobs in January, as the surprisingly strong pace of hiring continues. Meanwhile, the unemployment rate edged slightly…
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Deal to have hedge fund billionaire Cohen buy the Mets falls apart
Hedge fund billionaire Steve Cohen won’t be buying the Mets, dashing the hopes of fans who thought they would get a new owner with deep pockets…
Continue Reading Canada Goose warns that the coronavirus will hurt its sales
Canada Goose, maker of high end parkas, warned Friday that its 2020 sales and earnings would be hurt by the coronavirus outbreak in China. Shares of…
Continue Reading How a beloved organic grocery chain collapsed
In 2016, a homegrown grocery chain hit the big time. Kroger, America’s largest supermarket chain, took a majority stake in Lucky’s…
Continue Reading Google’s got ‘something exciting’ coming for Samsung’s Galaxy S20 launch event
Samsung’s Galaxy S20 and Galaxy Z Flip phone are widely expected to launch next week, and anticipation has been building for months about the…
Continue Reading Netflix is finally letting you stop previews from automatically playing. Here’s how to do it
So you’re browsing Netflix, looking for a show or movie to watch. You hover over a title for a second too long, and with its blaring music,…
Continue Reading Spotify, Apple Music and Amazon Music could soon hike prices. This company is betting on it
Streaming music services are relatively cheap. But they’ll eventually hike their prices, one of the world’s biggest record labels says.…
Continue Reading Stocks could get another boost from the US jobs machine
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. How strong…
Continue Reading Turmoil in the cannabis business has claimed another CEO
Another cannabis giant is shedding jobs, expenses and its CEO amid industry headwinds. Aurora Cannabis, a Canadian cannabis company that invested…
Continue Reading Going on a cruise? Here’s how the coronavirus will change your trip
Royal Caribbean normally encourages cruise-goers to drop off their luggage, hop on the ship and run off to enjoy their vacations. That’s all…
Continue Reading Wynn is losing up to $2.6 million a day as Macao casinos close over the coronavirus outbreak
Wynn Resorts is losing millions of dollars per day as casinos in Macao remain closed over the deadly coronavirus outbreak. CEO Matt Maddox disclosed…
Continue Reading The global car industry is bracing for a huge shock from China
For decades, China was the promised land for American, European and Japanese carmakers. Now, the coronavirus outbreak threatens to prolong a slump in…
Continue Reading Toyota won’t reopen China plants for at least another week as coronavirus shows little sign of slowing down
Japanese carmaker Toyota is keeping its China plants closed for at least another week as the coronavirus outbreak continues to spread. The…
Continue Reading Uber CEO says ‘era of growth at all costs is over’ after losing $8.5 billion last year
Uber practically wrote the playbook for raising and burning through billions of dollars in venture capital in search of rapid growth around the…
Continue Reading SoftBank’s big bets have backfired. Now it’s under scrutiny from a legendary activist investor
SoftBank is under pressure from a legendary activist investor after a series of bets on money-losing startups backfired on the Japanese tech giant.…
Continue Reading ViacomCBS is set to unveil a new streaming service
ViacomCBS, the recently merged media company, will unveil a new streaming strategy when it reports its fourth quarter earnings on February 20, a…
Continue Reading The race for space-based broadband: OneWeb launches 34 more internet satellites
A rocket blazed into space Thursday afternoon carrying 34 OneWeb satellites. It’s the latest sign that 2020 will be a year in which new devices…
Continue Reading US clears the way for this self-driving vehicle with no steering wheel or pedals
The federal government has cleared the way for a Silicon Valley startup to deploy thousands of its self-driving delivery vehicles on US streets.…
Continue Reading Southwest is giving its employees 6 weeks of extra pay
Southwest Airlines had a particularly rough 2019, but it still managed to turn a profit. As part of an annual tradition, Southwest is sharing that…
Continue Reading Amazon, Nike and American Airlines join nearly 150 companies opposing Tennessee’s anti-LGBTQ bills in a letter to lawmakers
Amazon, Nike, American Airlines and dozens of other companies have taken a stand for LGBTQ rights in Tennessee. They are among the nearly 150…
Continue Reading SpaceX considering spin-off and IPO for Starlink internet business
SpaceX’s Starlink internet business could one day be spun off into a separate company and taken public, giving mainstream investors a chance to…
Continue Reading Things keep getting worse for WWE
The news keeps getting worse for the sports entertainment company World Wrestling Entertainment. Shares of WWE fell 9% Thursday morning after the…
Continue Reading Casper stock jumps in Wall Street debut
Expectations for mattress maker Casper were quite low. It appears the stock couldn’t go anywhere but up. Shares Casper rose more than 20% once…
Continue Reading TikTok accidentally verified a fake Kendall Jenner account
Kendall Jenner made waves on social media this week after she joined TikTok, the buzzy short-form video platform. There was just one problem: it…
Continue Reading Disney apologizes to school that was charged $250 for showing ‘The Lion King’
Disney CEO Bob Iger has apologized to a California elementary school after it was charged $250 for showing the studio’s 2019 remake of…
Continue Reading Gayle King criticizes employer CBS for sharing ‘salacious’ clip of Lisa Leslie defending Kobe Bryant
Gayle King has criticized her employer CBS for sharing a “salacious” and “out of context” clip of her questioning basketball…
Continue Reading Same-sex couples will make history in Friday’s jobs report
When the government releases its monthly jobs report on Friday, a history-making methodology change will be lurking in the footnotes. For the first…
Continue Reading BuzzFeed News is ready for life without Ben Smith
Shortly after Ben Smith announced that he was resigning as editor in chief of BuzzFeed News to join the New York Times, staffers at the New York City…
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