CEO of cannabis retailer MedMen steps down
The CEO of MedMen Enterprises will not see the struggling cannabis retailer through its restructuring. Adam Bierman, who co-founded the California…
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Lyft had an edge on the hot e-bike market. Then things went wrong
In its mission to end car ownership by offering a range of alternatives, Lyft has become one of the leading ridesharing and bikesharing companies in…
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Goldman Sachs warns that the coronavirus could slow the US economy
The fast-spreading coronavirus could slow first quarter growth of the United States economy, according to a new report from Goldman Sachs. Analysts…
Continue Reading Britain seeks closer economic ties with Africa following Brexit
Britain is leaving the European Union on Friday, starting the clock on an 11-month transition period during which the country will try to sign as…
Continue Reading Tesla just proved all its haters wrong. Here’s how
Less than a year ago, Tesla was strapped for cash. In May 2019, the electric carmaker was selling debt and additional shares of stock to raise $2.7…
Continue Reading There’s a new kind of Coke on shelves. You’ll be forgiven if you missed it
A new kind of Coke quietly hit US store shelves earlier this month. Four varieties, including Coke Energy, Coke Energy Zero Sugar, Coke Energy Cherry…
Continue Reading Aston Martin has been bailed out by Formula 1 billionaire
Aston Martin has been rescued from collapse by a £500 million ($656 million) bailout led by a Formula 1 billionaire. The ailing carmaker said in a…
Continue Reading The coronavirus could cost China’s economy $60 billion this quarter. Beijing will have to act fast to avert a bigger hit
China may have to cut taxes, boost spending and slash interest rates to prevent the coronavirus outbreak wreaking havoc on an already fragile…
Continue Reading The club of $1 trillion companies is about to gain a fifth member
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. And then…
Continue Reading Asian markets close the week with losses amid coronavirus fears
Hong Kong stocks plunged nearly 6% this week as the the spread of the coronavirus took its toll on markets. The Hang Seng Index closed Friday 0.5%…
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Only casino sports book in southern New Mexico expects to see hefty Super Bowl wagering
MESCALERO, New Mexico — Billions of dollars are spent every year on sports betting. Historically, a big part of that money has been gambled…
Continue Reading American Airlines pilots sue to halt US-China flights amid coronavirus epidemic
The Allied Pilots Association, a union representing 15,000 American Airlines pilots, has sued the company to halt the carrier’s U.S.-China…
Continue Reading IBM CEO Ginni Rometty to retire in April
IBM CEO Ginni Rometty, who has led the tech giant since 2012, will step down in April. Rometty will be succeeded by Arvind Krishna, who is currently…
Continue Reading Gaming’s biggest names are ditching Twitch for $10 million contracts
When Jeremy Wang started streaming on Twitch in 2016, he was an unknown twenty-something with a few coding internships under his belt. Almost no one…
Continue Reading Jaguar Land Rover’s CEO to retire. His successor will face many challenges
Wanted: a chief executive with cast-iron resolve to navigate falling sales, political uncertainty, an economic slowdown and changing consumer tastes.…
Continue Reading Amazon stock soars on huge earnings beat, Prime membership record
Amazon blew Wall Street’s expectations out of the water when it reported earnings for the holiday quarter, sending the company’s stock up…
Continue Reading Washington Post’s top editor sends memo to staff after backlash over handling of reporter’s Kobe Bryant tweets
The Washington Post’s top editor sent a memo to staffers addressing the newspaper’s social media policy on Thursday, days after the brief…
Continue Reading Democratic senators take to Fox News airwaves to score points for Trump’s impeachment
Democratic Sen. Bob Casey had a question about his Republican counterparts on Thursday: “What are they afraid of?” “Put people…
Continue Reading The 2020 box office is off to a strong start but it could have a rough year ahead
The North American box office has seen a strong start so far in 2020 thanks to the surprise successes of “1917” and “Bad Boys for…
Continue Reading The strange reason Tesla, Beyond Meat and Peloton are soaring
Several of this year’s hottest stocks have something in common: Investors believe they are overvalued, and are betting that their share prices…
Continue Reading Kobe Bryant memorabilia is selling for up to $3 million on eBay
Demand for Kobe Bryant merchandise reached a fever pitch almost immediately after the legendary Laker perished in a helicopter crash Sunday along…
Continue Reading Apple, more than most companies, stands to lose from the coronavirus outbreak
Dozens of American companies are scrambling to combat the spread of coronavirus and stem losses from the outbreak. But Apple, perhaps, stands to lose…
Continue Reading Delta will ditch the uniforms many employees call ‘toxic’
Delta Air Lines plans to replace the uniforms that hundreds of its employees complain are causing health problems. The uniforms, worn by…
Continue Reading Sweethearts will leave you speechless this Valentine’s Day. A broken printer means some won’t have words
If you’re giving out Sweethearts this Valentine’s Day, odds are you’ll leave your sweetheart speechless. That’s because many…
Continue Reading Verizon falls as Disney+ subscriber boost comes at a cost
Good news for Verizon. A lot of people took advantage of the company’s offer of free Disney+ for a year so they could get their Baby Yoda fix.…
Continue Reading Cruise stocks drop as 7,000 are held on ship in Italy
Cruise stocks fell Thursday amid revelations that 7,000 people are being held on a cruise in Italy after a passenger showed symptoms of the Wuhan…
Continue Reading Are American factories in trouble? That depends on how you look at it
America’s manufacturing sector is in a recession. But that is only part of the story. The industry has expanded by virtually every metric over…
Continue Reading New Barbie collection celebrates the importance of wellness and self-care
Even Barbie needs to take a little time for herself. A new line of Barbie dolls hopes to introduce girls to the benefits of wellness and self-care,…
Continue Reading Microsoft earnings up as cloud business continues its expansion
Microsoft reported better-than-expected earnings and revenue for the three months ending in December, easily beating analysts’ estimates and…
Continue Reading Apple posts record quarter as iPhone sales make a comeback
It appears iPhone sales really are on the mend. Apple posted record earnings for the last three months of 2019 on the back of the iPhone’s…
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