Money

By Mark Thompson and Julia Horowitz, CNN Business European economies posted stronger than expected growth in the second quarter, with consumer and business confidence booming as Covid-19 restrictions were eased. GDP across the European Union rose by 13.2% compared with the same period last year, and by 1.9% compared with the previous quarter, according to

By Brian Stelter, CNN Business Mike Lindell’s pillows have been propping up Fox News for years. But now the relationship is on “pause.” Here’s the context for the Thursday evening announcement: Lindell, the CEO of MyPillow, has had beef with Fox for months. He brought it up with The Atlantic’s Anne Applebaum when she interviewed

By Jazmin Goodwin, CNN Business Major tech companies are rethinking their return-to-work policies as the spread of the Delta variant prompts a surge in Covid-19 cases across the country. This week, Google, Facebook and other companies took a firm stance on vaccine mandates, requiring all US employees to be vaccinated before returning to the office.

By Clare Duffy, CNN Business In a powerful philanthropic pairing, Melinda French Gates and MacKenzie Scott have teamed up to direct $40 million to advancing the power and influence of American women over the next decade. The donation is being awarded to winners of the Equality Can’t Wait Challenge, a competition hosted by French Gates’

By Frank Pallotta, CNN Business One of Marvel’s biggest stars is suing Disney. Actress Scarlett Johansson filed a lawsuit in Los Angeles Superior Court on Thursday that alleges Disney breached her contract by releasing the highly anticipated superhero film “Black Widow” on its streaming service, Disney+. The film was released simultaneously on the service and

By Alexis Benveniste, CNN Business All eyes are on Wall Street as the Covid-19 Delta variant continues to spread and Corporate America starts rolling out vaccination policies. And although there’s talk of banks requiring employees to show proof of vaccination, Goldman Sachs has drawn its line in the sand. The investment bank is barring employees

By Matt Egan, CNN Business Wall Street didn’t exactly roll out the red carpet to welcome Robinhood after its highly anticipated debut. The fast-growing trading company finished Thursday at $34.82, down 8% from its initial public offering price. Robinhood failed to score the first-day pop that new companies covet. And that’s despite Robinhood pricing its

By Paul R. La Monica, CNN Business Robinhood’s initial public offering is arguably the most eagerly awaited of the year. But according to commentary on Reddit, it’s one of the least popular for some traders. There appear to be a lot of angry individual investors — the so-called apes of Reddit — who want nothing

By Alexis Benveniste, CNN Business Danny Meyer, restaurateur and CEO of Union Square Hospitality Group, is requiring his employees and all customers at his restaurants to prove that they’ve been vaccinated against Covid-19. “If you really want to go unvaccinated, you can dine somewhere else, and you can also go work somewhere else,” Meyer told

By Julia Chatterley, CNN Online trading platform Robinhood was set to make its highly anticipated Wall Street debut on Thursday, even as the eight-year-old company faces intense regulatory scrutiny and public-relations headaches. Even six months after GameStop trading frenzy, Robinhood is still dealing with blowback from its role in the saga, in which the app

By Chris Isidore, CNN Business Nikola founder Trevor Milton faces federal charges of lying to investors, according to an indictment unsealed in New York on Thursday. The indictment alleges that from November 2019 through September 2020, Milton made false and misleading statements about “nearly all aspects of the business” of developing electric and hydrogen-powered trucks.

By Jordan Valinsky, CNN Business McDonald’s is partnering with hip-hop artist Saweetie for the newest in a series of celebrity collaboration meals that’s boosted the fast-food chain’s sales. Beginning August 9, the “Saweetie Meal” goes on sale in the US and includes a Big Mac, four-piece Chicken McNuggets, medium fries, a medium Sprite and BBQ

Opinion by Craig Robinson and Eddie Fishman for CNN Business Perspectives Earlier this month, the Supreme Court ruled that two restrictive provisions in an Arizona voting law could remain in place. It’s a disheartening development in the ongoing voting rights battle waging across the country. Not only does the decision weaken the Voting Rights Act