Category Archives: CNN – Business

Private equity is targeting sports. Now fans and players are pushing back

Private equity is targeting sports. Now fans and players are pushing back

In New Zealand, rugby isn’t just a sport. It’s a national obsession, a major cultural force and a huge source of pride. So news that Silver Lake, a private equity firm based in California, is looking to buy 12.5% of the revenue generated by the All Blacks, the fearsome national team that’s dominated the global…MORE

Rising wood prices are making your toilet paper more expensive

Just when you thought you were in the clear to stock up on toilet paper again, wood pulp, the primary raw material used to make it, is getting more expensive. “We’ve never seen monthly price increases like this in the history of the business,” said Brian McClay, a pulp industry analyst. “It’s unheard of.” Prices…MORE

Peloton initially refused to recall its treadmills. Here’s why it can do that

Peloton initially refused to recall its treadmills. Here’s why it can do that

You would think that federal safety regulators would have broad powers to order the recall of products they find dangerous or even deadly. You would be wrong. Agencies such as the Consumer Product Safety Commission and the National Highway Traffic Safety Administration typically can only request — not demand — that companies order a recall…MORE

Elon Musk could make fireworks on ‘SNL.’ Investors are betting on it

Elon Musk could make fireworks on ‘SNL.’ Investors are betting on it

Live from New York, it’s … a market-moving corporate liability. This weekend, Tesla CEO Elon Musk is hosting “Saturday Night Live,” which, in case the name wasn’t clear enough, is broadcast live. That means NBC relying on Musk to filter his thoughts in real time, despite little evidence, historically, of him holding back on just…MORE

Nasdaq’s computer system literally can’t handle Berkshire Hathaway’s sky-high stock price

Nasdaq’s computer system literally can’t handle Berkshire Hathaway’s sky-high stock price

The world’s most famous electronic stock market can’t compete with the stubbornness of a 90-year-old billionaire. For decades, Warren Buffett has refused to split Berkshire Hathaway’s sky-high Class A shares, which traded hands Friday at a staggering $436,312. Buffett’s persistence finally caused a Y2K-like problem this week at Nasdaq. Here’s the issue: Nasdaq’s 32-bit computer…MORE

Why investors are paying attention to elections in Scotland

Why investors are paying attention to elections in Scotland

Investors are waiting for the final results of parliamentary elections in Scotland that could spark radical changes to the political and economic landscape of the United Kingdom. A decisive victory from Nicola Sturgeon’s Scottish National Party, which wants to break away from the United Kingdom, could force a standoff with Prime Minister Boris Johnson. His…MORE

US stocks rise to new records despite weak jobs report

US stocks rise to new records despite weak jobs report

Bad economic news was once again greeted with cheers on Wall Street as two top indexes closed out the week in record territory. Investors brushed off Friday’s surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. The Dow gained about 230 points Friday. It and the S&P 500 both…MORE

IHOP turned away Adam Sandler. Now it’s trying to make it up to him

IHOP turned away Adam Sandler. Now it’s trying to make it up to him

IHOP is hoping to make amends with Adam Sandler next week after an unwitting hostess turned away the comedian at a Long Island location. The IHOP employee, not realizing she was talking to Adam Sandler, told the actor that the restaurant was busy, and it’d be a long wait to be seated. Sandler politely left…MORE

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