Money

More than 70 CEOs from some of the world’s biggest companies have urged governments to do much more to tackle climate change, including forcing businesses to reduce their carbon emissions. In an open letter published on Wednesday, company chiefs — including Mark Schneider of Nestlé and Ramon Laguarta of PepsiCo — called on all governments

From lumber and steel to paint and burrito bowls at Chipotle, prices are rising almost everywhere you look. That’s putting investors on high alert. What’s happening: Wall Street is training its attention on the Consumer Price Index for May, which arrives on Thursday. The report is expected to show that prices excluding food and energy

Significant cyberattacks against critical targets in Europe have doubled in the past year, according to new EU figures obtained by CNN, as the pandemic pushed lives indoors and online. The European Union Agency for Cybersecurity, ENISA, told CNN there were 304 significant, malicious attacks against “critical sectors” in 2020, more than double the 146 recorded

A giant chunk of the internet briefly broke on Tuesday because of an outage at a company most people have probably never heard of before. Reddit, CNN, Target, Amazon, a UK government website and countless others all went dark after a technical issue at cloud service provider Fastly. Although the outage was short-lived, it served

Facebook is giving its employees more flexibility to work outside the office — and Mark Zuckerberg is leading by example. The Facebook CEO told employees in a memo Wednesday that he plans to work remotely for at least half of the next year, a company spokesperson confirmed to CNN Business. The memo was previously reported

GameStop is getting a new chief executive and chief financial officer, the company announced as part of its earnings release Wednesday. Matt Furlong, who will replace George Sherman as CEO, and Mike Recupero, who will be CFO, are both joining the company from Amazon. Their experience at the online retail giant will likely prove useful

Boeing is seeking a one-year delay in its deadline to deliver two new 747 jets to be used as Air Force One. And that would mean added costs for taxpayers. The aircraft manufacturer signed a $3.9 billion deal for the presidential planes with the Air Force in 2018. The planes are currently due to be

As infrastructure negotiations between the White House and a GOP Senate group broke down this week, business executives are warning that aging infrastructure is holding America back. Nearly two-thirds (63%) of middle market executives say the nation’s ailing infrastructure is restricting growth of the national economy, according to a new RSM survey shared exclusively with

For the past decade, movie theaters have counted on a big, buzzy Marvel hit to kick off a lucrative summer season. But this year, the superhero of the moment isn’t going anywhere near the cinema. “Loki,” the latest streaming series from Marvel Studios, premiered Wednesday to much fanfare. The show, which stars Tom Hiddleston as

An estimated $150 million in equity capital has been invested in Black-owned banks since George Floyd was murdered last year, according to the National Bankers Association, a trade group that represents 24 of the country’s minority-owned financial institutions. Those funds have put the nation’s Black banking community in a stronger position today than it was

Best Buy will be closed on Thanksgiving Day, moving many of its Black Friday deals online and offering alternatives to in-store shopping. The decision marks the second straight year that Best Buy stores will be dark on the holiday. Last year, in the midst of the Covid crisis, the store encouraged customers instead to take

Martin Winterkorn has agreed to pay Volkswagen nearly $14 million after an investigation found the former CEO failed to respond properly to signs that the company may have been using illegal diesel engine technology. He also failed to ensure that questions from US authorities about the German carmaker’s 2015 emissions scandal were answered “truthfully, completely