new York CNN Business — Kohl’s is pushing back against intense pressure from Wall Street to make changes or sell the company. The retailer sent a sharply worded letter to shareholders Thursday ahead of the its annual meeting in May, urging them to reject an activist investor’s efforts to gain control of the company and […]
US home prices have soared to new heights and keep on climbing, and now some researchers and economists are saying they have seen signs of a housing bubble brewing. Home prices are rising faster than market forces would indicate they should and are becoming “unhinged from fundamentals,” according to a new blog post written by […]
new York CNN Business — The latest crypto hack has targeted a gaming-focused blockchain network that supports the popular video game Axie Infinity. Hackers made off with about $625 million worth of Ethereum and USDC, two cryptocurrencies, in one of the largest crypto hacks of all time. The hackers breached the Ronin Network, an independent […]
new York CNN Business — On Tuesday CNN is introducing CNN+, a subscription streaming service that combines live news coverage, on-demand programming and interactive interviews. CNN’s goal is to establish closer relationships with news consumers — the same way Netfli (NFLX)x and HBO Max have done in entertainment. It has hired hundreds of people and […]
CNN — The Academy of Motion Pictures Arts and Sciences in a statement issued on Monday condemned the actions of best actor winner Will Smith after the “King Richard” star stormed the stage and slapped presenter Chris Rock in the face during Sunday’s Oscars ceremony. “The Academy condemns the actions of Mr. Smith at last […]
new York CNN Business — Saving money can take a little extra effort: clipping coupons, searching for a promotional code, signing up for an email list…. But Amazon sometimes makes us check a box to save. Huh? Those orange “coupon” banners below the price on Amazon’s online store are a head-scratcher. Why does Amazon make […]
CNN — As gas prices soared and deepened the pain at the pump this month, consumers reacted by searching for — and possibly dreaming of — more fuel-efficient vehicle alternatives. Web search interest in electric vehicles reached a record high in the US in March, according to Google Trends. While high gas prices are certainly […]
new York CNN Business — The US oil industry doesn’t appear to be in any rush to come to the rescue of Americans struggling with high gas prices. Oil company CEOs say Wall Street is to blame. Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded […]
new York CNN Business — You might not know Sean O’Brien. But he is poised to shake up the US economy in a way no one else has in recent memory. O’Brien was sworn in Tuesday as the new general president of the 1.3-million member International Brotherhood of Teamsters, succeeding James Hoffa, son of the […]
new York CNN Business — McDonald’s and Starbucks are shutting down their restaurants and cafes in Russia, and Coca-Cola is suspending its operations there in response to Russia’s invasion of Ukraine. PepsiCo is also pulling some products from the country. “McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations […]
0