Money

By Frank Pallotta, CNN Business After pandemic-fueled delays last year, the Tokyo Olympics have gotten a lot of attention around this summer. Unfortunately for NBC, that attention has not translated to viewership. NBC’s TV audience for the summer Olympics is down a whopping 45% from the Rio games in 2016. Viewership in prime-time is even

By Chauncey Alcorn, CNN Business Robyn “Rihanna” Fenty is officially a billionaire, according to Forbes. The business magazine, which tracks and publishes data on the world’s wealthiest individuals, on Wednesday reported the 33-year-old pop star’s estimated net worth to be $1.7 billion, making her the wealthiest female musician and the second-richest woman in entertainment behind

By Jeanne Sahadi, CNN Business Masks on. Masks off. Masks on … again. New federal guidance last week urged everyone — regardless of vaccination status — to mask up in areas with substantial or high Covid transmission whenever they’re in an indoor public setting. In the absence of legal rules issued by local authorities —

By Matt Egan, CNN Business Robinhood cashed in on the meme stock craze. Now Robinhood itself is turning into the next plaything for the retail trading crowd. Shares of Robinhood spiked as much as 82% early Wednesday — even though the controversial trading company, which debuted on Wall Street just last week, announced no new

By Chris Isidore, CNN Business General Motors’ earnings fell short of Wall Street forecasts — but the company expects better results in the second half of the year, even with continued chip shortages and rising raw material costs. GM, the nation’s largest automaker, reported Wednesday a record adjusted pre-tax profit of $4.1 billion for the

Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives Despite the continued optimism about the country reopening, US economic growth is already starting to slow. Yes, year-over-year comparisons to the catastrophic conditions in the spring of 2020 have been puffing up recent economic growth data. But it’s important to understand that there’s much

By Matt Egan, CNN Business Vanguard, one of the world’s largest asset managers, is offering employees $1,000 to get vaccinated. The incentive shows how aggressively some companies are moving to encourage workers to get vaccinated as concerns about the Delta variant mount. All of Vanguard’s approximately 16,500 US employees are eligible and must show proof

By Nathaniel Meyersohn, CNN Business CVS will raise its minimum wage for hourly workers from $11 to $15 by next summer, becoming the latest large US chain to pledge a $15 starting rate as companies compete for workers in a tight labor market. The pharmacy giant, which has nearly 300,000 employees, said Wednesday that it

By Julia Horowitz, CNN Business If you’re a company that manages ticket sales for concerts and other live events, it makes sense that after a long 18 months, you’d be getting excited about the future. What’s happening: “Momentum for the return of live has been building every month,” Live Nation CEO Michael Rapino told analysts

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By Manveena Suri, Esha Mitra, Jessie Yeung, Vedika Sud and Rishabh Pratap, CNN Hundreds of people protested in the Indian capital Delhi on Wednesday for the fourth day straight, as outrage continues to build over the alleged rape and murder of a 9-year-old girl from one of India’s most oppressed castes. Protesters marched holding signs

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. There’s no relationship quite like it in politics or media: A pair of brothers, one governing the fourth biggest state in the country, the other hosting one of the most

By Anneken Tappe, CNN Business The chairman of the Securities and Exchange Commission doesn’t have a lot of love for cryptocurrencies. “This asset class is ripe with fraud, scams and abuses in certain applications,” SEC chairman Gary Gensler said during an interview at the virtual Aspen Security Forum. Gensler also said he believes cryptocurrencies are