Category Archives: CNN – Business

New York Daily News makes a plea for local ownership as hedge fund takeover looms

New York Daily News makes a plea for local ownership as hedge fund takeover looms

The latest plea for a break-up of Tribune Publishing’s newspapers is coming from inside the pages of a Tribune publication. In Wednesday’s edition of the New York Daily News, reporter Larry McShane practically begs someone local to “step up and save New York’s Hometown Paper.” McShane and many of his colleagues fear that Tribune’s current…MORE

Republicans and right-wing media use Facebook Oversight Board’s Trump decision to claim bias

Republicans and right-wing media use Facebook Oversight Board’s Trump decision to claim bias

Prominent Republicans and right-wing media organizations on Wednesday cited a decision to affirm Facebook’s suspension of former President Donald Trump in their long-running campaign to portray large technology companies as biased against conservatives. The decision was made by the Oversight Board, a court-like panel funded by Facebook that is charged with providing an independent review…MORE

ETFs are the latest market mania Wall Street can’t avoid

ETFs are the latest market mania Wall Street can’t avoid

With stocks enjoying a strong start to 2021, investors are continuing to plow more money into exchange-traded funds — especially ones that are tied to the top broader market indexes. In other words, many investors are still happy to place their bets on the top techs that dominate the S&P 500 — even though an…MORE

Gary Vaynerchuk: NFT is the next Amazon

Gary Vaynerchuk: NFT is the next Amazon

Serial entrepreneur Gary Vaynerchuk is selling a new use case for NFT: “Smart event” tokens that have real value rather than digital art. Vaynerchuk’s VeeFriends NFT collection will give buyers three-year access to his VeeCon business and marketing convention. Customers can buy the tokens with etherium cryptocurrency. But he sees a broader future for NFTs…MORE

Peloton recalls all treadmills after a child’s death and 70 injuries

Peloton recalls all treadmills after a child’s death and 70 injuries

Peloton recalled its Tread+ and Tread treadmills Wednesday, and the company admitted it was wrong to fight the Consumer Product Safety Commission’s request that it do so. About 125,000 treadmills are included in the recall. The CPSC said that there has been one child death and 70 other injuries tied to the treadmills. But when…MORE

Aldi and other big grocers threaten to boycott Brazil over deforestation in the Amazon

Aldi and other big grocers threaten to boycott Brazil over deforestation in the Amazon

Some of Europe’s biggest supermarkets and food companies have threatened to stop buying agricultural products from Brazil if a bill they say would encourage deforestation in the Amazon becomes law. In an open letter published on Wednesday, 40 grocers, food suppliers and investment firms urged Brazilian lawmakers to reconsider a legislative proposal that would legalize…MORE

GM earnings jump even as sales sink during the global chip shortage

GM earnings jump even as sales sink during the global chip shortage

General Motors posted strong first-quarter earnings and said it’s on track to hit the high end of its full-year profit target despite the computer chip shortage dogging the industry. GM posted net income of $3 billion, about 10 times what it posted in the same quarter a year ago, when it was hit by the…MORE

Janet Yellen just proved markets can’t handle the truth

Janet Yellen just proved markets can’t handle the truth

When Treasury Secretary Janet Yellen speaks, investors listen. And on Tuesday, they didn’t like what they heard. The details: At an event hosted by The Atlantic, Yellen, an economist who previously led the Federal Reserve, indicated that the central bank may need to hike interest rates to prevent prices from rising too quickly. “It may…MORE

These bracelets help restaurant workers show they got their Covid-19 vaccine

These bracelets help restaurant workers show they got their Covid-19 vaccine

A Philadelphia restaurant is trying to make customers feel more comfortable by making clear its employees are vaccinated. Most of the staff members at El Merkury sport a blue silicone bracelet with a QR code linking to proof of Covid-19 vaccination, according to CNN affiliate WPVI. The owner of El Merkury, Sofia Deleon, told WPVI…MORE

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