Category Archives: CNN – Business

Target pulls Washington Redskins merchandise from its online stores

Target pulls Washington Redskins merchandise from its online stores

Major retailer Target has pulled Washington Redskins merchandise from its online store as the NFL team faces renewed pressure from investors who oppose the name’s racist connotations. “We are in the process of removing the items from our assortment,” Target said in a statement on Monday. The Redskins announced Friday that the team will review…MORE

#BlackoutDay2020 is tomorrow. Here’s what you need to know

Tuesday is #BlackOutDay2020, when many Black Americans plan to showcase their combined economic might by refusing to spend any money on anything at all. Those who have to buy something are being encouraged to spend their money at a Black-owned business. Social media personality and activist Calvin Martyr has spent the last two months promoting…MORE

Colin Kaepernick signs production deal with Disney

Colin Kaepernick signs production deal with Disney

Following the huge success of “The Last Dance” and renewed discussions about systemic racism in America, Disney is partnering with one of the most notable voices in the country: Colin Kaepernick. The company announced a production deal with the former NFL quarterback turned activist on Monday. The first project between the two will be a…MORE

Fox News says it ‘mistakenly’ cropped Trump out of photo featuring Jeffrey Epstein and Ghislaine Maxwell

Fox News says it ‘mistakenly’ cropped Trump out of photo featuring Jeffrey Epstein and Ghislaine Maxwell

Fox News said on Monday that it “mistakenly” cropped President Trump out of a photograph that featured the accused sex-trafficker Jeffrey Epstein and his alleged accomplice Ghislaine Maxwell. “On Sunday, July 5, a report on Ghislaine Maxwell during Fox News Channel’s ‘America’s News HQ’ mistakenly eliminated President Donald Trump from a photo alongside then Melania…MORE

Amazon shares just hit an all-time high

Amazon shares just hit an all-time high

Amazon CEO Jeff Bezos, already the world’s richest man, has even more to celebrate. Amazon shares topped the $3,000 mark for the first time ever Monday as tech stocks continued to soar. Amazon is now worth more than $1.5 trillion, joining Apple and Microsoft above that lofty level. This has helped push the Nasdaq to…MORE

Who sells short shorts? Elon Musk sells short shorts

Who sells short shorts? Elon Musk sells short shorts

Tesla is having a great year. Its stock is up 200% in 2020, its market value now exceeds every other carmaker on the planet, as well as Disney and Coke. CEO Elon Musk may truly have proved Tesla’s haters wrong. But it wouldn’t be like Musk to celebrate quietly with a bottle of champagne (and…MORE

The Big 4 audit firms keep failing. Now they’re being forced to change

The Big 4 audit firms keep failing. Now they’re being forced to change

The UK accounting watchdog has given Deloitte, EY, KPMG and PwC four years to split their audit and consulting businesses in an effort to improve corporate reporting following a string of high-profile accounting scandals. The Financial Reporting Council said in a statement Monday that the Big 4 firms have until October 23 to submit a…MORE

Here’s a sign Warren Buffett may have gotten his mojo back

Here’s a sign Warren Buffett may have gotten his mojo back

Warren Buffett’s Berkshire Hathaway finally put some cash to work with its purchase of natural gas assets from Dominion Energy. The deal could spark a broader turnaround for the Oracle of Omaha. Berkshire Hathaway announced Sunday that it was spending nearly $10 billion on the Dominion acquisition. Although that may sound massive, it’s just a…MORE

Judge orders temporary shutdown of controversial Dakota Access Pipeline

The Dakota Access Pipeline must shut down by August 5 during an in-depth environmental review of the controversial project, a district court ruled Monday in a defeat for the Trump administration. The ruling marks a major win for the Standing Rock Sioux Tribe and environmental groups that have fought fiercely for years against the pipeline.…MORE

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