Category Archives: CNN – Business

Trump ally Tom Barrack pulls SPAC plans after indictment
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Trump ally Tom Barrack pulls SPAC plans after indictment

A blank-check firm backed by Tom Barrack, the billionaire investor who was chairman of Donald Trump’s inaugural committee in 2017 and is a close friend of the former president, has withdrawn plans to take the company public after Barrack was charged with illegal foreign lobbying earlier this week. Falcon Peak Acquisition Corp., which had applied…MORE

How Fox News is making a network out of race baiting
Chelsea Guglielmino/Getty Images

How Fox News is making a network out of race baiting

One evening earlier this month, a White rage-filled man sat behind a desk, looked into a camera, and began to rant about how something must be done to “save” the United States before “we become Rwanda,” a not-so-subtle reference to the horrific genocide that occurred in the African country decades ago. That rage-filled man, who…MORE

Why hundreds of Frito-Lay workers have been striking
Evert Nelson/USA Today Network

Why hundreds of Frito-Lay workers have been striking

Workers at the Frito-Lay plant in Topeka, Kansas, say it used to be one of the best jobs in town — a place of shared meals, group outings and community. In recent years, though, employees and union members say the facility where Doritos, Cheetos and Tostitos are made has become another toxic work environment. Hundreds…MORE

‘People are just walking out in the middle of shifts’: What it’s like to work in a restaurant right now
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‘People are just walking out in the middle of shifts’: What it’s like to work in a restaurant right now

Going out to eat might feel a little different these days. Maybe you’re waiting longer for a table, even though the restaurant doesn’t appear full. Or maybe your service is slower, and your server seems anxious. That’s because restaurants across the United States are understaffed, and jobs that were already stressful have gotten even more…MORE

American Express is the Dow’s top stock for 2021. Here’s why
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American Express is the Dow’s top stock for 2021. Here’s why

American Express is the top stock in the Dow so far this year, and AmEx’s earnings on Friday morning show why investors are never leaving home without it. The credit card giant reported a quarterly profit of $2.3 billion, easily topping Wall Street’s forecasts. Revenue for American Express came in at $10.2 billion, a 33%…MORE

Dow closes above 35,000 for the first time
Richard Drew/AP

Dow closes above 35,000 for the first time

It’s been a turbulent week on Wall Street, starting with a massive selloff over worries about the Delta variant. But by Friday, stocks were back up and each index closed at at record highs. The Dow closed 0.7%, or 238 points, higher, finishing above 35,000 for the first time ever. The S&P and the Nasdaq…MORE

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