By Ramishah Maruf, CNN Business Disney CEO Bob Chapek spoke out about Florida’s controversial “Don’t Say Gay” bill in a staff email — but doubled down on his refusal to publish a public statement against it. Chapek said he and Disney’s leadership “unequivocally stand” with LGBTQ+ employees. He said the company, which employs over 75,000
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by Frank Pallotta, CNN Business Disney CEO Bob Chapek apologized for his “silence” on Florida’s controversial bill dubbed “Don’t Say Gay,” days after declining to condemn it. On Monday, Chapek had spoken out about — but did not directly condemn — the controversial “Parental Rights in Education” bill, which would ban educators from discussions about
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Opinion by Nicole Bachaud for CNN Business Perspectives The nation’s sizzling housing market is a double-edged sword: millions of existing homeowners have gotten a boost as they watch their equity grow, but millions more would-be homeowners are struggling to get their foot in the door — especially buyers of color. As of January of this
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By Paul R. La Monica, CNN Business Tech stocks, like the rest of the broader market, have seen their fair share of ups and downs since Russia’s invasion of Ukraine at the end of February. But for one part of the technology sector — cybersecurity -— it’s been a roaring bull market for the past
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By Rachel Metz, CNN Business In mid-February, privacy and digital rights activists were buzzing about a recent victory: Earlier in the month, the Internal Revenue Service said it would back away from a controversial plan to force taxpayers to use facial-recognition software before they could log in to its website. “This has definitely been a
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By Nathaniel Meyersohn, CNN Business Ryan Cohen, a favorite of the Reddit investors who drove the GameStop stock mania in 2020, now wants to shake things up at Bed Bath & Beyond. Cohen’s company RC Ventures bought a nearly 10% stake in Bed Bath & Beyond, making the investment firm a top-5 shareholder, Cohen said
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By Sara Ashley O’Brien, CNN Business WeWork said Monday that it is planning to divest its operations in Russia, one week after its CEO said the real estate company’s “assets do incredibly well” there and he didn’t think it would need to pull out of the country. “Together with our colleagues, members, and landlords, we
Continue Reading By Sara Ashley O’Brien, CNN Business WeWork said Monday that it is planning to divest its operations in Russia, one week after its CEO said the real estate company’s “assets do incredibly well” there and he didn’t think it would need to pull out of the country. “Together with our colleagues, members, and landlords, we
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By Beth Braverman There are countless things you need to think about when you get your first full-time job: How to make a good impression on your boss, connect with your colleagues and figure out how to spend that first paycheck. One thing that may not be top of mind: setting up your retirement account.
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By Chris Isidore, CNN Business Gas prices continued to climb Monday, rising to just short of a record high. At their skyrocketing pace, the price per gallon record of $4.11 will probably be broken in just a day or two. The average price of a gallon of regular gas hit $4.07, according to AAA’s survey
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By Abbas Al Lawati and Nadeen Ebrahim, CNN A revival of the 2015 Iran nuclear deal appeared to be imminent by the end of last week. The main parties to the talks indicated that an agreement was close, until an unlikely hurdle emerged. Russia, which has largely stood by Iran in its conflict with the
Continue Reading By Abbas Al Lawati and Nadeen Ebrahim, CNN A revival of the 2015 Iran nuclear deal appeared to be imminent by the end of last week. The main parties to the talks indicated that an agreement was close, until an unlikely hurdle emerged. Russia, which has largely stood by Iran in its conflict with the
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By Anna Cooban, CNN Business Netflix and TikTok are suspending all or part of their services in Russia, adding to a long list of companies boycotting the country over its war in Ukraine. Netflix said on Sunday that it would stop streaming its content in Russia, though it did not specify what would happen to
Continue Reading By Anna Cooban, CNN Business Netflix and TikTok are suspending all or part of their services in Russia, adding to a long list of companies boycotting the country over its war in Ukraine. Netflix said on Sunday that it would stop streaming its content in Russia, though it did not specify what would happen to
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By Julia Horowitz, CNN Business The run-up in oil prices since Russia invaded Ukraine has been dramatic. But analysts and traders think the recent rally could be just the beginning, as warnings of $200 crude start to trickle through the market. What’s happening: The price of oil soared to its highest level since 2008 on
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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. Protests were documented in dozens of Russian cities on Sunday — risky actions against a war that Russians are not supposed to call a “war.” OVD-Info, an independent monitoring group
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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. This subject is quite sensitive, and some news outlets don’t want to say anything about it on the record for obvious reasons. But Russia’s new censorship law clamping down on
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By Laura He, CNN Business Stocks are tumbling on Monday as oil prices soared above $120 barrel to their highest level in 13 years, raising fears about an inflationary shock to the global economy. European markets plunged in early trade. Germany’s DAX 30 and France’s CAC 40 both fell by more than 3%. London’s FTSE
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By Anna Cooban, CNN Business Nickel prices have soared to all-time highs in the wake of Russia’s invasion of Ukraine, threatening the global transition to electric vehicles. The London Metal Exchange suspended trading in nickel on Tuesday for the first time in its 145-year history after prices doubled in a matter of hours to $100,000
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By Ramishah Maruf, CNN Business American Express is the latest credit card company to announce it is ending its operations in Russia as its invasion into Ukraine escalates. On Sunday, the company said in a statement that globally issued American Express cards will no longer work in Russia, and cards issued in Russia won’t work
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