Jamie Dimon acknowledged the housing boom may be getting out of hand, but the JPMorgan Chase CEO isn't worried about a repeat of the Great Recession.Dimon acknowledged during a Senate hearing on Wednesday that there "is a little bit of…
MGM, a classic Hollywood brand synonymous with "The Wizard of Oz" and Leo the roaring lion, was purchased for $8.45 billion on Wednesday by Amazon, a company currently valued at nearly $1.7 trillion. Being gobbled up by a tech behemoth…
Shares of Walgreens, CVS and Rite Aid dropped Wednesday following a report that Amazon is considering opening brick-and-mortar pharmacies in the United States.Walgreens dropped 4%, CVS fell 2% and Rite Aid was off 3% during mid-morning trading.Business Insider reported early…
Bitcoin miner Marathon Digital Holdings held a call Sunday with Elon Musk about the potential to make mining greener.Musk's announcement about the call -- on Twitter, of course -- sent bitcoin surging earlier this week. Prior to the call, Tesla…
A Dutch court has ruled that Royal Dutch Shell must dramatically reduce its carbon emissions in a landmark climate decision that could have far reaching consequences for oil companies.The company must slash its CO2 emissions by 45% by 2030 from…
After about four years at The Sports Bar, a neighborhood restaurant in Ann Arbor, Michigan, Mandi Steed put in her two weeks notice this past spring.It wasn't an easy decision. Steed, who is 29, had been working in restaurants for…
A recent easing of mask-wearing guidelines from the US government was a welcome change for many Americans. That wasn't entirely the case for mask seller Gabriela Henriquez."I immediately called and texted my friends who were working for me making masks…
Ford is doubling down on electric vehicle development, announcing Wednesday it will invest $30 billion in electrification efforts by 2025. The automaker also pledged that 40% of its vehicles sold by 2030 will be electric.Ford had previously announced plans to…
A leading newspaper in Japan that is sponsoring the Olympic Games in July has published an editorial calling for the event to be canceled as the country remains in the grip of the pandemic.Asahi Shimbun accused Prime Minister Yoshihide Suga…
James Bond, meet Jeff Bezos.Amazon is investing even more heavily in growing its position in the entertainment world. The company announced Wednesday that it made a deal to acquire MGM, the home of James Bond and one of the most…
The future of Big Oil could look very different following a critical shareholder meeting in the United States and a legal decision in Europe.What's happening: On Wednesday, ExxonMobil will face off against an activist investor looking to overhaul its strategy…
Fans eager for the "BTS Meal" at McDonald's will be excited to hear that collaboration goes beyond nuggets.McDonald's is dropping a limited-edition merchandise line Wednesday that is inspired by group's purple colors and fast food chain's logo. The collection is…
A hedge fund that's criticized ExxonMobil's climate strategy won enough shareholder support to oust at least two directors from the oil giant's board, a major loss for the once-mighty company.For the first time in modern history, America's largest oil company…
Tesla says it has set up a new facility in China to store local user data as the company faces heightened scrutiny over whether its cars there could ever be used for spying.The electric automaker said Tuesday that it had…
A version of this article first appeared in the "Reliable Sources" newsletter. You can sign up for free right here.This moment on CNN's "New Day" summed up a current news media conundrum. On Tuesday morning Brianna Keilar began a conversation…
Walmart has apologized to people who received emails containing the n-word in an earlier message from the retailer.On Monday, Walmart said someone outside the company created fake accounts on its site using the email addresses of the individuals in question.…
Americans making summer vacation plans are about to find airfare costs are near or even above pre-pandemic levels, according to the nation's major airlines.Executives from most of the major carriers said the recovery in domestic leisure travel is already here.…
A German e-commerce startup wants to disrupt the New York City grocery market with deliveries to customers' apartments in 10 minutes or less.Gorillas, founded last year in Berlin and now available in more than 25 European cities, will begin deliveries…
The banking world nearly caved in 13 years ago. The former CEO of Washington Mutual is worried that another bubble is brewing.Kerry Killinger was named CEO of WaMu in 1990 and was fired in September 2008 -- just weeks before…
One year ago today, the world watched George Floyd's life slowly slip away under the knee of a Minneapolis police officer.The outpouring of rage and empathy that followed shook the foundations of Corporate America in unprecedented ways, but experts say…
