Money

By Alison Kosik, CNN The Smithsonian said Thursday that Jeff Bezos will donate $200 million to the museum, the largest gift the institution has received since its founding in 1846. A $70 million portion will go to renovating the National Air and Space Museum and $130 million will be used to launch a new education

By Frank Pallotta, CNN Business Netflix is the king of streaming with more than 200 million subscribers. But now it appears the platform has set its sights on dominating a new form of entertainment: video games. The company will offer video games on its service within the next year, according to a report by Bloomberg.

By Alicia Wallace, CNN Business Nearly 20 years ago, a batch of hand-canned beers started a seismic shift in the craft beer industry. Now the man behind that endeavor is turning his attention to hand-cultivated cannabis. Dale Katechis, whose eponymous and popular Dale’s Pale Ale revolutionized canned beers, has invested in and taken an active

By Mick Krever and Eliza Mackintosh, CNN Dutch crime journalist Peter R. de Vries has died just over a week after being shot in the head in Amsterdam, according to a statement by his family published by CNN affiliate RTL News. “Peter fought to the end, but he could not win the battle. He is

By Julia Horowitz, CNN Business It’s difficult for American companies to operate in China. But the latest data on the country’s economy underscores why, for many firms, it’s still worth it. What’s happening: China’s economic output grew 7.9% in the April-to-June quarter versus the same period a year ago, China’s National Bureau of Statistics said

By Charles Riley, CNN Business There’s a new super-unicorn in the United Kingdom. Revolut has been valued at $33 billion in a new fundraising round led by SoftBank and Tiger Global Management, the London-based digital banking startup said in a statement on Thursday. The company said it would use the $800 million raised to develop

By Michelle Toh, CNN Business Mastercard has been ordered to stop taking new customers in India, as authorities there say it violated the country’s rules on how data should be stored. Starting next Thursday, the company will be banned from issuing new debit, credit or prepaid cards, according to the Reserve Bank of India (RBI).

By Rob McLean, CNN Business Johnson & Johnson is issuing a voluntary recall for five Neutrogena and Aveeno sunscreen lines in the United States after it said it discovered low levels of benzene in the products. The company is warning customers against using aerosol sprays Neutrogena Beach Defense, Neutrogena Cool Dry Sport, Neutrogena Invisible Daily,

By Laura He, CNN Business China’s economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended with surging commodity prices and supply chain disruptions. GDP grew 7.9% in the April-to-June quarter compared with the same period a year ago, China’s National Bureau of Statistics said Thursday.

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In today’s business news: A new report highlights the gap between CEO and worker pay; a $25 toy is now selling for $28,000; and RIP Twitter