Category Archives: CNN – Business

Washington Post editor Marty Baron announces his retirement

Washington Post editor Marty Baron announces his retirement

Marty Baron, the editor who transformed the Washington Post into an international powerhouse and led the news organization to win 10 Pulitzer Prizes, is retiring next month. Baron, 66, said in an internal memo Tuesday morning that he feels “ready to move on.” His last day at the paper will be February 28. “From the…MORE

Evictions, unemployment and hunger: The American economy Joe Biden inherits

Evictions, unemployment and hunger: The American economy Joe Biden inherits

Michelle Bennett is trying to keep life inside her Waldorf, Maryland, home as normal as possible during Covid-19. Three of her four daughters are learning remotely, while she makes them three meals a day. But outside, the relentless threat of eviction keeps knocking. She lost her job as a receptionist at a doctors’ office in…MORE

Target drops Chaokoh coconut milk over allegations of monkey labor

Target drops Chaokoh coconut milk over allegations of monkey labor

Target is the latest major retailer to stop selling Chaokoh coconut milk following accusations that its manufacturer uses monkey labor. In a statement Monday, PETA said the retailer dropped the product because an investigation conducted by the nonprofit organization found that the Thailand-based Theppadungporn Coconut Co. has been “exploiting monkeys and lying about it.” Target…MORE

America’s billionaires have grown $1.1 trillion richer during the pandemic

America’s billionaires have grown $1.1 trillion richer during the pandemic

Billionaires are minting money during the pandemic, even as millions of Americans join the ranks of the poor. US billionaires have collectively become $1.1 trillion — nearly 40% — richer since mid-March, according to a report published Tuesday by progressive groups Institute for Policy Studies and Americans for Tax Fairness. In other words, not only…MORE

The GameStop saga is captivating Wall Street — for good reason

The GameStop saga is captivating Wall Street — for good reason

The meteoric rise in GameStop’s stock, as traders congregating on Reddit and Discord take on short sellers and hedge funds, is hard to look away from. It’s the closest thing Wall Street has to David vs. Goliath. What’s happening: Shares of GameStop, a legacy company whose stores are often located in struggling malls, have soared…MORE

New coronavirus variants pose major risk to the global economy

New coronavirus variants pose major risk to the global economy

The pandemic could slam the brakes on a global economic turnaround this year despite mass vaccination programs and unprecedented levels of stimulus, according to the International Monetary Fund. The IMF expects the global economy to grow by 5.5% this year, it said on Tuesday, or 0.3 percentage points faster than its previous forecast in October.…MORE

MyPillow CEO Mike Lindell has been banned from Twitter

MyPillow CEO Mike Lindell has been banned from Twitter

Mike Lindell, the CEO of MyPillow, was banned from Twitter Monday night, according to a Twitter spokesperson. Twitter made its decision based on a new policy it enacted after the Capitol insurrection whereby people who repeatedly share election misinformation can be permanently banned. “The account you referenced has been permanently suspended due to repeated violations…MORE

Pizza Hut debuts a new Detroit-style pizza

Pizza Hut debuts a new Detroit-style pizza

Pizza Hut’s newest pizza doesn’t look like its other pizzas. The chain is launching a new Detroit-style pizza, which ditches the traditional round shape for a rectangular crust with cheese to the edges that’s popular in the Michigan city. It’s Pizza Hut’s second major product launch this month as the pandemic-era pizza wars show few…MORE