LeBron, Serena and other Nike stars champion ‘Equality’
Nike says it’s time to stand up for equality in a new ad campaign. The company on Sunday launched a star-studded short film titled “Equality” to mark Black History Month. The ad features Nike-sponsored athletes LeBron James, Serena Williams, Kevin Durant, Gabby Douglas, among others, “amplifying their voices in an effort to uplift, open eyes […]
Amazon announces $15 minimum wage for all US employees
New York CNN Business — Amazon is raising its minimum wage to $15 an hour for all US employees. The change takes effect November 1 and applies to full-time, part-time and temporary workers. Amazon (AMZN) says the $15 minimum wage will benefit more than 250,000 Amazon employees, plus 100,000 seasonal workers. “We listened to our […]
Dow sets first record high since January
What trade war? The Dow just soared to its first record high since late January. The milestone shows that Wall Street is mostly unfazed by the escalating trade clash between the United States and China. The Dow’s 251-point leap on Thursday marked its 100th record close since President Donald Trump’s election, according to S&P Dow […]
Apple CEO Tim Cook calls for “massive campaign” against fake news
Apple CEO Tim Cook wants the tech industry to take action against “fake news” stories that are polluting the web. “There has to be a massive campaign. We have to think through every demographic,” Cook said in a rare interview. Speaking with The Daily Telegraph newspaper, Cook also said “all of us technology companies need […]
JCPenney names Jill Soltau as its new CEO
Editor’s Note: This story originally published on October 2, 2018. New York CNN Business — Jill Soltau, a veteran retail leader most recently in charge of Joann fabric and craft stores, will be tasked with turning around JCPenney. The company announced on Tuesday that Soltau will take over as its chief executive beginning on October […]
Businesses warn against even more uncertainty
Business is worried enough about Britain crashing out of the European Union. Now it has a new nightmare: a blind Brexit that could extend the uncertainty over trade for years. Fears are rising that the United Kingdom may leave the European Union in March 2019 with a deal so vague that it gives companies and […]
‘Lego Batman’ producer today. Treasury secretary tomorrow?
Steven Mnuchin had a pretty good weekend. First the treasury secretary pick advanced a step closer toward confirmation on Friday. Then his latest movie claimed the top spot at the box office. Mnuchin is an executive producer on Warner Bros.’ “The Lego Batman Movie,” which pulled in an estimated $55.6 million from U.S. audiences during […]
Tencent Music plans to public on US exchange
This story originally published on October 2, 2018. New York CNN Business — Tencent Music has filed plans to go public in the United States in what could be one of the biggest recent US IPOs by a Chinese company. The company set a placeholder target of $1 billion, which could value the company between […]
Corporate America, not banks, could cause the next recession
1. The next debt crisis: There’s a $6.3 trillion elephant in the room. And it just might cause the next recession. The last downturn was triggered by Wall Street and Americans accumulating too much debt — particularly in the sizzling housing market. A decade later, it’s Corporate America borrowing with gusto. Egged on by extremely […]
This Thai company makes food packaging out of bamboo to cut down on trash
To tackle Thailand’s mounting trash problem, one company is turning to the country’s plant life. Universal Biopack makes packaging that it sells to restaurants and manufacturers. But rather than plastic, it uses a mixture of bamboo and cassava, crops that are widely found across the country. After growing rapidly in recent decades, Thailand has become […]
