Category Archives: CNN – Business

Companies are crucial to solving the climate crisis. 75% are falling short

Companies are crucial to solving the climate crisis. 75% are falling short

Less than a quarter of the world’s big public companies are doing their part to address the climate crisis, according to new research highlighting the shortcomings of corporate climate pledges. In an analysis published on Thursday, sustainable finance firm Arabesque assigned companies in 14 of the world’s largest stock indexes a “temperature score” based on…MORE

Going from unicorn to Wall Street may become more of a challenge

Going from unicorn to Wall Street may become more of a challenge

It’s been a good time to go public for high profile unicorns lately. Coinbase, Roblox and Airbnb are just a few of the major private companies to make their Wall Street debuts in recent months. But transitioning from a startup to a publicly traded firm with more investors and increased scrutiny from Wall Street analysts…MORE

Netflix needs a Next Big Thing

Netflix needs a Next Big Thing

Netflix is synonymous with streaming, but its competitors have a distinct advantage that threatens the streaming leader’s position at the top. Disney has Disney+, but it also has theme parks, plush Baby Yoda dolls, blockbuster Marvel movies and ESPN. Comcast, Amazon, ViacomCBS, CNN’s parent company WarnerMedia and Apple all have their own streaming services, too,…MORE

How America’s CEOs reacted to the Derek Chauvin guilty verdict

How America’s CEOs reacted to the Derek Chauvin guilty verdict

Business leaders joined a chorus of Americans in applauding the conviction of former Minneapolis police officer Derek Chauvin, while at the same time recognizing there’s more work to be done to combat institutional racism. “Today’s verdict was just,” Apple CEO Tim Cook tweeted. “But as Dr. King wrote: ‘Justice for Black people will not flow…MORE

How Dogecoin is like a Cabbage Patch Doll

How Dogecoin is like a Cabbage Patch Doll

Dogecoin is tumbling after a stunning start to the year. Brian Brooks, the new CEO of crypto exchange Binance, says that’s to be expected: Dogecoin is a lot of fun, and maybe even a good investment, but it’s not the future. It’s a novelty rather than a potential financial market disruptor like bitcoin. First Move’s…MORE

Nearly 10% of American families struggled with unemployment last year

Nearly 10% of American families struggled with unemployment last year

The pandemic devastated the once strong US labor market — that much we already knew from various economic data. On Wednesday, the Bureau of Labor Statistics added a bit more detail. Nearly 10% of US families — 9.8% to be precise — included at least one unemployed family member last year. That was double the…MORE

How JPMorgan Chase got European football so wrong

How JPMorgan Chase got European football so wrong

When JPMorgan Chase agreed to finance a breakaway competition of some of the world’s richest soccer clubs, it expected some heated discussions. But America’s biggest bank didn’t foresee this: Following massive blowback from fans, the sport’s governing bodies, UK Prime Minister Boris Johnson, French President Emmanuel Macron and even the British royal family, efforts to…MORE

90-year-old Hong Kong woman loses $32 million in phone scam

90-year-old Hong Kong woman loses $32 million in phone scam

Hong Kong police have arrested a man after a 90-year-old woman lost around HK$247 million ($32 million) in a scam. The woman contacted police on March 2 and told them she had made a total of 10 payments after scammers told her her identity had been used in criminal activities in mainland China, according to…MORE

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