Category Archives: CNN – Business

GameStop CEO George Sherman is stepping down, sending the stock soaring

GameStop CEO George Sherman is stepping down, sending the stock soaring

It’s game over for GameStop CEO George Sherman. The video game retailer and meme stock announced Monday that Sherman will be stepping down on July 31 — or earlier if a successor is found. The news is not a major surprise given that Ryan Cohen, the co-founder and former CEO of online pet supplies retailer…MORE

Peloton refuses to recall its Tread+ treadmill after 39 accidents. Its stock is tumbling

Peloton refuses to recall its Tread+ treadmill after 39 accidents. Its stock is tumbling

Peloton shares fell 7% in premarket trading following an “urgent warning” from the United States government telling owners of the company’s Tread+ to stop using the machine. On Saturday, the Consumer Product Safety Commission said it has become aware of 39 accidents involving the $4,295 treadmill, including “multiple reports of children becoming entrapped, pinned, and…MORE

Thanks, bitcoin! Traders say goodbye to quiet weekends

Thanks, bitcoin! Traders say goodbye to quiet weekends

Like kicking back and relaxing over the weekend? Then you probably don’t want to trade cryptocurrencies. What’s happening: After a hype-filled week, bitcoin suffered a flash crash on Saturday night, plunging nearly 14% in less than an hour. It was last trading above $56,000 — up from lows near $51,000, but still well below the…MORE

HSBC’s CEO is swapping his office for a hot desk

HSBC’s CEO is swapping his office for a hot desk

HSBC is scrapping the executive floor at its Canary Wharf headquarters in London, as one of the world’s biggest banks slashes office space and moves towards new ways of working following the pandemic. The bank’s top executives, including CEO Noel Quinn, will no longer work from private offices with sweeping views of the city on…MORE

Oil company ads should carry a climate health warning, say activists

A group of lawyers want oil companies banned from advertising on television and social media unless they include “tobacco-style health warnings” about the dangers fossil fuels pose to the future of the planet. In new research published Monday, environmental law non-profit ClientEarth accused some of the world’s biggest oil firms of misrepresenting the role their…MORE

A Black woman is hosting the Academy of Country Music Awards for the first time

A Black woman is hosting the Academy of Country Music Awards for the first time

Country music singer Mickey Guyton will make history Sunday when she hosts the Academy of Country Music Awards with Keith Urban. The 37-year-old singer from Arlington, Texas, will be the first Black woman to host the awards ceremony. And this isn’t Guyton’s first time making history in the country music world. In September 2020, she…MORE

America’s newsrooms are reckoning with their mass shooting coverage

America’s newsrooms are reckoning with their mass shooting coverage

At least 45 mass shootings have occurred in the United States over the past month, and America’s journalists are covering the stories as they unfold, both on the ground and from their computers. There is a mass shooting — when four or more people (excluding the gunman) are shot and wounded or killed — nearly…MORE

Remote workers can get paid $12,000 to move to West Virginia

Remote workers can get paid $12,000 to move to West Virginia

During the pandemic, cities such as Tulsa, Oklahoma, and Natchez, Mississippi, have offered remote workers cash to relocate there, while exotic destinations like Aruba have promoted their islands for stay-at-home jobs. Now, West Virginia wants to pay remote workers $12,000 to move to its country roads. On April 12, Gov. Jim Justice announced a program,…MORE

The realities of climate change are pushing big businesses to focus on sustainability

The realities of climate change are pushing big businesses to focus on sustainability

A consensus appears to be taking root in Corporate America: What’s good for the environment can also be good for business. As President Joe Biden prepares to bring 40 world leaders together for a two-day climate summit this week, big businesses have been amplifying their sustainability initiatives and making trillion-dollar pledges to fight climate change.…MORE