Money

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

“60 Minutes” is facing backlash for a story it aired Sunday on Republican Gov. Ron DeSantis — including from the supermarket chain Publix and two prominent Democrats in the state. As part of a larger story about Florida’s vaccine rollout, the renowned newsmagazine program spotlighted a recent $100,000 donation that Publix made to DeSantis’ re-election

Business leaders had a lot on their plates over the past year, and many have let cybersecurity fall by the wayside. Nearly half of businesses say work-from-home policies have hurt their cybersecurity practices, according to Verizon’s 2021 Mobile Security Index, published Tuesday. The report includes findings from a survey of 856 professionals responsible for buying,

Before Reddit became the “front page of the internet,” and before Tumblr and Twitter took off, there was one place online where you could seriously ask questions like, “Did I accidentally summon a demon?” or “Why do we here?“ It was one of the few sites where students seeking homework help, curious and ill-informed adults

President Joe Biden’s $1.9 trillion stimulus package will boost the US economy and drive faster global growth this year, the International Monetary Fund said Tuesday, though it warned that many countries continue to suffer from the pandemic and are at risk of being left behind. The US economy will surpass its pre-pandemic size as growth

Sports trading cards are super popular thanks to the craze over non-fungible tokens, or NFTs. That’s one reason why Topps, the company synonymous with baseball cards and bubble gum, is looking to go public again. Topps announced Tuesday plans to merge with a special purpose acquisition company, or SPAC, in a deal that values Topps

Sports trading cards are super popular thanks to the craze over non-fungible tokens, or NFTs. That’s one reason why Topps, the company synonymous with baseball cards and bubble gum, is looking to go public again. Topps announced Tuesday plans to merge with a special purpose acquisition company, or SPAC, in a deal that values Topps

It’s hard to explain the mix of emotions that spark upon seeing a photo of Frederick Douglass come alive with the click of a button. And yet, there he is, blinking and nodding as if he were just alive yesterday, as if he hadn’t died in 1895, years before film recording became commonplace. His animated

ESPN fired NBA analyst Paul Pierce after the Boston Celtics legend posted a racy Instagram Live video over the weekend. The video featured Pierce in a room with exotic dancers. The cable sports network ended its working relationship with Pierce Monday, an industry source told CNN Business. ESPN declined to comment on Pierce leaving the

Norwegian Cruise Line wants to start US cruises again on July 4, and it’s willing to require all passengers and staff to be vaccinated before it sets sail. Norwegian, which despite its name is a US-based company, sent a letter Monday to the Centers for Disease Control and Prevention, notifying it of its proposal. It’s

The collapse last month of US hedge fund Archegos Capital cost Credit Suisse nearly $4.7 billion and two of the bank’s top executives their jobs. The Swiss bank said Tuesday that it was likely to report a pretax loss of 900 million Swiss francs ($959 million) for the first quarter of this year after taking

Yahoo Answers, a question-and-answer platform that launched more than 15 years ago and became one of the largest troves of information — and misinformation — on the internet, is shutting down on May 4. The Verizon-owned website announced the platform’s cancellation Monday with a terse statement on Yahoo Answers’ homepage. The portal will go into