Money

For years, world leaders have been trying to launch a historic overhaul of global tax rules, aiming to tackle an unwieldy system rife with loopholes long exploited by big business. That goal may finally be in sight. The Biden administration’s decision to back a global minimum corporate tax rate while it pushes a massive $2

Faced with major blowback over its $2 trillion infrastructure proposal, the Biden administration is rolling out a campaign to justify why it needs to hike corporate taxes to fund the massive plan. Noting that corporate tax collections have fallen to their lowest level since World War II, Treasury Secretary Janet Yellen said Wednesday that Republicans’

Wednesday morning, Slack rolled out a feature to let its users message people at other companies. By Wednesday afternoon, it was walking the feature back and making changes to prevent harassment after people pointed out that it could be used to send unsolicited DMs and perhaps even abusive emails. The feature is part of Slack

The world’s largest asset manager could soon be paying less to borrow money if it meets diversity goals and boosts its sustainable investing. BlackRock has for the first time linked the cost of tapping bank lending to three metrics: how many women are in senior roles, Black and Latino employment, and how much it invests

As the White House considers raising taxes on corporations for the first time in more than 25 years, the head of one of America’s largest companies is backing such a plan. Amazon CEO Jeff Bezos said in a statement Tuesday that the company is “supportive of a rise in the corporate tax rate.” “We support

An “exceedingly rare” copy of a comic book that introduced Superman for the first time has sold for a record-breaking price. The issue of “Action Comics #1,” which sold for 10 cents when it was originally released in 1938, was auctioned Tuesday for $3.25 million according to a press release from online auction house ComicConnect.com.

When people think of Samsung smartphones, it’s normally Galaxy S devices, Notes and foldables. Now, the unsung heroes of the portfolio are getting a chance to shine. The company announced Wednesday that it’s doubling down on its mid-range Galaxy A Series smartphone line in the United States — an effort that includes its first 5G

Jamie Dimon is very bullish on the US economic recovery from the pandemic. And yet the JPMorgan Chase CEO is deeply concerned about the future of America. In his annual shareholder letter Wednesday, Dimon wrote that the Covid-19 pandemic, the “horrific murder” of George Floyd and the painfully slow economic growth of the past two

Milo chocolate milk has been hugely popular in Southeast Asia for decades. Now the breakfast and teatime favorite is about to get shaken up — the cocoa powder will be offered as a dairy-free, ready-made beverage. The product is one of Nestlé’s newest plant-based inventions, and it will be launched in the region this week,

Over the weekend, cybersecurity experts revealed that about half a billion Facebook users’ personal information was breached — a treasure trove of data the includes full names, birthdays, phone numbers and their location. Facebook said that massive leak stems from an issue in 2019, which has since been fixed. Still, there’s no clawing back that

Financial technology firm Plaid on Wednesday announced a $425 million Series D funding round, more than doubling the total amount the company has raised since its 2012 founding. The new funding pushes Plaid’s valuation to $13.4 billion, according to a source close to the company. That’s a huge jump from the $5.3 billion for which

Kim Kardashian West is joining the ranks of Jeff Bezos, Elon Musk and other moguls: She is officially a billionaire, according to Forbes. Forbes released its annual “World’s Billionaire List” Tuesday, which placed West on the elite list for the first time. The magazine said West’s booming businesses, KKW Beauty and Skims, helped put her

Promoting diversity in the arts has become a mainstream mantra in the entertainment industry since the first #OscarsSoWhite controversy in 2015, but it’s something Sheila Johnson has been doing her entire adult life. It’s been 41 years since the Salamander Hotels & Resorts owner and CEO co-founded the BET network with then-husband Robert Johnson, creating

Dick Parsons had to make countless difficult decisions during his storied corporate career. The decision to speak out on Georgia’s voting law was not one of them. “This was an easy one. There is simply no excuse for what the Georgia legislature has done,” Parsons told CNN Business in his first public comments on the

Harry and Meghan, Duke and Duchess of Sussex, have announced their first Netflix project after signing a production deal last year. “Heart of Invictus” a docu-series from Harry and Meghan’s production company Archewell Productions, will follow “a group of extraordinary competitors from around the globe, all service members who have suffered life-changing injuries or illnesses

Just as Grape Nuts come back to stores, Americans are faced with yet another shortage — this time, of oat milk at some Starbucks cafes. Starbucks rolled out oat milk lattes at about 1,300 stores in the Midwest last year. It added Oatly-brand oat milk to the menu nationally in March. But now, a mere

Starbucks is launching an experimental “borrow a cup” program at select locations in its hometown, Seattle. The program is part of Starbucks’ aim to make its cups more sustainable, and it will kick off as a two-month trial in five Seattle stores. Customers at those stores will have an option to receive their drinks in