Category Archives: CNN – Business

Massachusetts wants to pull the plug on Robinhood

Massachusetts wants to pull the plug on Robinhood

Regulators in Massachusetts are seeking to pull the plug on Robinhood just as the booming app aims to go public in a blockbuster IPO. The Massachusetts Securities Division escalated its months-long battle against the controversial startup Thursday by moving to revoke its broker-dealer license in the state. To make their case, state regulators accused Robinhood…MORE

CBS News, still trying to find its way, is going from one president to two

CBS News, still trying to find its way, is going from one president to two

CBS is merging its national news division with its local TV stations and naming two executives to jointly run it all. Neeraj Khemlani is joining from Hearst and Wendy McMahon is joining from ABC. Both executives worked at CBS earlier in their careers. In the new structure, they will be presidents and co-heads starting in…MORE

Sotheby’s CEO explains why NFTs are the future

Sotheby’s CEO explains why NFTs are the future

Despite what Pete Davidson’s rap spoof suggests, NFT isn’t just for crazy kids with cash to burn. You want proof? You can buy them at Sotheby’s. The market for the unique digital collectibles remains volatile, but Sotheby’s has given the NFT space legitimacy. First Move’s Julia Chatterley spoke to Sotheby’s CEO Charles Stewart Thursday. People…MORE

BBC received more than 100,000 complaints over coverage of Prince Philip’s death

BBC received more than 100,000 complaints over coverage of Prince Philip’s death

The UK’s public broadcaster, the BBC, received over 100,000 complaints over the level of coverage of Prince Philip’s death, the network said Thursday. Figures made available by the BBC showed 109,741 complaints had been made, as of Thursday, “driven by reaction to the amount of coverage given to the death of the Duke of Edinburgh.”…MORE

Joe Biden bans US banks from buying or underwriting Russian debt sales

Joe Biden bans US banks from buying or underwriting Russian debt sales

The Biden administration is punishing Russia for its interference in the 2020 US election and cyberattacks by hitting Moscow where it hurts the most: the ruble. The Treasury Department announced Thursday that starting June 14, US banks will generally be banned from participating in all bond sales by Russia’s central bank, ministry of finance and…MORE

Reese’s wants to give you a peanut butter glow up

Reese’s wants to give you a peanut butter glow up

Reese’s is launching its own makeup line — and no, it’s not edible. The candy brand is teaming up with makeup company HipDot for a limited-edition collection that includes a eye shadow palettes in “milk chocolate” and “white chocolate” with six shades in each, as well as two lip balms and two makeup brushes. The…MORE

Disney park employees have a new dress code

Disney park employees have a new dress code

Disney is striving to make its theme parks — “The Happiest Place On Earth” — more inclusive. In a blog post this week, the chairman of Disney’s parks division Josh D’Amaro committed to updating attractions, modernizing the parks’ values and, perhaps most visibly, changing the guidelines for how park employees — better known as Disney…MORE

Delta stopped burning through cash in March

Delta stopped burning through cash in March

Since the pandemic hit the US airline industry last March, major carriers have been burning through millions of dollars a day. For Delta Air Lines, at least, that ended last month. The company reported it lost $2.3 billion in the first three months of the year, excluding special items. And although the airline still reported…MORE

Cathie Wood’s Ark funds bought a big stake in Coinbase

Cathie Wood’s Ark funds bought a big stake in Coinbase

Ark Invest‘s Cathie Wood, known for her bullishness on momentum stocks, especially Tesla, is making another big bet: This time, on Coinbase Global. Three of Ark’s funds bought a combined $246 million stake in the cryptocurrency giant on its first day of trading Wednesday. In total, Ark Invest bought nearly 750,000 Coinbase shares, according to…MORE

Retail sales surged in March

Retail sales surged in March

Retail sales surged in March as federal stimulus checks bolstered wallets and the rollout of Covid-19 vaccines boosted spending at stores. The Commerce Department said Thursday that retail sales soared a seasonally adjusted 9.8% in March compared with the month prior. That was far better than the 5.9% bump economists surveyed by Refinitiv had predicted…MORE

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