Money

Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times, is urging America to admit it has a racism problem. “This unconscious bias and racism is pervasive. It’s almost inherent, sadly, in the historic fabric of this country,” Soon-Shiong, the founder and executive chairman of biotech company ImmunityBio, told CNN Business in his first public

Chief executives and other high-ranking leaders from more than 100 companies including Target, Snapchat and Uber issued a public statement Friday opposing any measures that deny eligible voters the right to cast ballots. “We believe every American should have a voice in our democracy and that voting should be safe and accessible to all voters,”

As the pandemic took hold in America last March, personal trainer Ross Pennise shut down the studio he had run for 20 years. He figured it would be for a relatively short period of time. “I never thought it would last,” said the 52-year old Bloomfield, NJ, resident. “I figured I’d weather it. But my

At first glance, Deliveroo’s stock market debut should have been a runaway success. The food delivery startup was a darling of the UK tech scene, and growing fast thanks to surging demand during the pandemic. Amazon recently bought 16% of the company in a major vote of confidence. But London’s biggest IPO since 2011 was

The FBI conducted more background checks for firearms purchases in March — a month in which several prominent mass shootings reignited America’s conversation about gun control — than they have in any month so far this year. About 4.7 million Americans initiated gun background checks last month — a 36% increase from February, according to

The Los Angeles Times is getting closer to finding its next top editor and the newspaper’s owner said he has met with most of the candidates in the running. “We’re in advanced rounds of interviews with several candidates, most of which I’ve met with personally,” Patrick Soon-Shiong told CNN Business this week. Soon-Shiong, a biotech

Riding the tailwinds of months of red hot housing and IPO markets, real estate firm Compass made its debut on the New York Stock Exchange Thursday. Compass’ stock, which is listed under the ticker symbol “COMP,” jumped around 20% immediately after trading began, and ended the day up nearly 12% at $20.15. The company raised

The S&P 500 has topped 4,000 points for the first time ever as investors kick off the second quarter with optimism about the coronavirus recovery. The index rose nearly 1.2% to close at a record high of 4,019 points on Thursday. The Dow was up 171 points, or 0.5%, while the Nasdaq Composite jumped 1.8%.

An experimental SpaceX rocket exploded at the end of a high-altitude test flight Tuesday, but heavy fog at the site left even SpaceX at least publicly uncertain about exactly what caused the explosion. SpaceX CEO Elon Musk did confirm the explosion on Twitter, though, saying “At least the crater is in the right place!” All

Tori Dunlap joined TikTok in March 2020 for the same reason that most people do: To watch quick-fire videos of people dancing, lip-synching and telling jokes. It wasn’t until mid-July that Dunlap, the 26-year-old founder of Her First $100K, a money and career website, created her first personal finance TikTok video on why you should

The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable. The OPEC+ alliance of crude producers has been holding back roughly 8 million

It’s invisible in the night sky, but above us there is a cloud of more than 9,000 tons of space junk — equivalent to the weight of 720 school buses. This debris is composed of parts of old satellites as well as entire defunct satellites and rocket bodies. The debris poses risks to the International

Coca-Cola CEO James Quincey is escalating his criticism against recently passed voting laws in Georgia, saying he wants to be “crystal clear and state unambiguously that we are disappointed” in the legislation. In a new statement released Thursday, Quincey said that Coke, which is headquartered in Atlanta, has “long championed efforts to make it easier

Everything is coming up Peeps this Easter. Pepsi has launched a limited edition Peeps soda. 7-Eleven is serving a Peeps latte, convenience chain QuickChek a Peeps Smoothie. Kellogg has Peeps “marshmallow flavored cereal with marshmallows.” It doesn’t end there. You can decorate your yellow clogs with Peeps charms or match your face to your dessert

Nearly a year after the coronavirus pandemic shuttered her son’s school and her daughter’s day care, Diana Limongi hit a wall. “I was in bed for three days, I thought I had Covid, but I didn’t,” she told CNN. “I just was done. Mentally, physically, I was just exhausted.” She’d already put her career on

New York this week became the latest state to legalize recreational cannabis, and in doing so, it’s poised to become one of the nation’s largest markets. Another multibillion-dollar business opportunity would be lucrative for cannabis businesses, but industry members and insiders also are viewing the Empire State in a broader light. They think that having