Money

Some politicians are worried that countries will borrow too much to prop up the economy over the coming year. Christine Lagarde doesn’t share their concerns. The European Central Bank president told CNN Business’ Richard Quest on Thursday that her biggest fear isn’t that the European Union will accumulate a mountain of debt, but that governments

McDonald’s will tie executive pay to diversity goals and aim to hit gender parity in management by the end of 2030 as the company tries to overhaul its workplace culture. CEO Chris Kempczinski described the new goals in a letter sent to employees Thursday. The company aims to increase the percentage of women in the

Over a month after this year’s virtual CES tech trade show, touting new and conceptual products of the future, I was left wondering whether these products actually worked. At this year’s show, we saw splashy announcements like transparent TVs and rollable phones. I wanted to test some of the tech that promised to make life

Another 861,000 workers filed for unemployment benefits for the first time last week, according to seasonally adjusted data released Thursday from the Labor Department. That’s nearly 100,000 more claims than economists had predicted and the highest number in a month. it was also an increase from the week before — which was revised higher as

A group of businesses and nonprofit organizations are banding together to speed up and strengthen their companies’ response to the pandemic. Five groups, including the Ad Council, CDC Foundation and the Business Roundtable, announced Thursday they are forming a new partnership called the Health Action Alliance. Its aim is to assist businesses of all sizes

Congresswoman Maxine Waters plans to thoroughly investigate the GameStop trading frenzy by holding multiple hearings on the matter. Waters, the chairwoman of the powerful House Financial Services Committee, told CNN Business she will likely hold three hearings, with the first one occurring Thursday. Subsequent hearings could focus on expert testimony and potential legislation, Waters said.

Upon hearing about Rush Limbaugh’s death on Wednesday, many fans said he was irreplaceable. For the time being, his distributor is not going to try. “Rush’s voice will continue to be heard, providing comfort and continued insight to his legions of loyal fans,” Premiere Networks said in a statement obtained by CNN Business. Premiere Networks

Grocery store workers in the United States have been stocking shelves, handling customers and keeping stores tidy in challenging and sometimes dangerous pandemic conditions for almost a year. But a vaccine that once offered these essential workers hope for their safety remains elusive for most. Although coronavirus risks are high and new variants of the

Walmart announced pay bumps Thursday that will bring its average hourly wage to over $15 an hour. But the move still falls short of the $15 minimum wage announced by some of its largest competitors. Walmart, America’s largest private employer, said it will raise wages for 425,000 US workers — more than a fourth of

South Australian winemaker Jarrad White spent almost a decade building his business in China. Then, in a matter of months, it all fell apart. It had nothing to do with the quality of White’s wines at his vineyard in McLaren Vale, one of South Australia’s premier winegrowing regions. Instead, it was the result of months

One of the largest consulting companies in the world is making a major commitment — to moms. Accenture will hire 150 mothers for positions at its Midwest division as soon as possible, the company tells CNN Business. The newly created positions will be in technology, strategy and consulting out of the company’s offices in Chicago.

Another 861,000 workers filed for unemployment benefits for the first time last week, according to seasonally adjusted data released Thursday from the Labor Department. It was nearly 100,000 claims more than economists had predicted, as well as an increase from the week before — which was also revised higher. America’s jobs recovery has really lost

Facebook and Google are taking vastly different approaches to an escalating battle in Australia that could reset the relationship between tech and media. In the face of a proposed media code that would force Big Tech to pay publishers for news shared on their platforms, Facebook has decided that it would rather just stop people

The mania that drove the recent GameStop stock rally should remind all investors of the need to stay diversified. It’s simply not wise to put all your eggs in one basket, whether what’s in that basket is filled with ultra-safe municipal bonds or high volatility cryptocurrency. Shares of GameStop are still up nearly 150% this

Maersk says it will launch the world’s first carbon neutral cargo ship in 2023, as efforts to clean up one of the planet’s worst polluting industries gain momentum. The world’s largest container shipping company said in a statement on Wednesday that the vessel will operate on methanol produced from renewable sources or sustainable biomass. It

Fire and emergency services. Domestic violence charities. State health agencies. Facebook’s sudden and dramatic decision to block people from sharing news in Australia has had unexpected consequences for a wide range of government organizations and service groups, who woke up Thursday to find that their pages had been inexplicably swept up in the company’s far-reaching

People in Australia can no longer find news on Facebook. Facebook said Wednesday that people and publishers in Australia cannot share and view news from local and international outlets. The announcement is a response to proposed legislation in Australia that would force tech platforms to pay news publishers for content. “What the proposed law introduced

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The eyes of the news industry are trained on Australia right now. What’s happening in the country, regarding proposed regulation to force Big Tech to pay news publishers, will have ramifications all around the world.

When the news broke last October that Donald Trump had been diagnosed with Covid-19, legendary conservative talk radio host Rush Limbaugh immediately swooped in to help the campaign. He offered to hold a “radio rally” for the benched President, and Trump took him up on it. Though the resulting two-hour diatribe was not particularly effective