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The pandemic exposed the huge inequities baked into the global economy. That could make for a tense string of annual meetings this spring, as companies ask shareholders to approve millions of dollars in compensation for executives. What’s happening: This week, Sen. Bernie Sanders introduced legislation that would tax companies believed to be overcompensating top brass,

Starbucks shareholders voted against the company’s CEO pay proposal in a rare move that may indicate some shareholders think the chief executive is overpaid. The news was first reported by the Wall Street Journal following Starbucks’ annual shareholder meeting. Starbucks confirmed the results of the vote to CNN Business. Starbucks CEO Kevin Johnson earned a

US stocks were poised to rebound on Friday as investors shrugged off an overseas sell-off and inflation fears receded. Dow futures were last up 27 points or 0.1%. S&P 500 futures increased 0.2% and Nasdaq futures gained 0.5%. Wall Street stumbled on Thursday, with energy and tech stocks selling off, and the 10-year Treasury bond

When Katerina Horwitz started out as a social media influencer in 2016, she didn’t earn much money beyond a handful of sponsored posts. A few years later, Horwitz and her husband Yinon quit their day jobs, started a joint Instagram account and got creative with monetizing their 400,000 followers, including selling their own photo filters

It’s hard to imagine a more disastrous IPO rollout than the past few months for Robinhood. Regulators accused the app-only brokerage of deceiving customers, its CEO was hauled before Congress and Michael Bolton appeared in a viral video about the trading platform’s controversial business model. Robinhood’s GameStop trading restrictions sparked such an uproar that Senator

Asian markets tumbled on Friday as investors appeared to be jolted by several issues, from the continued prospect of rising inflation to a volatile US-China meeting and stubborn coronavirus flare-ups in Europe. China’s Shanghai Composite lost 1.7%, while Japan’s Nikkei 225 fell 1.4% and South Korea’s Kospi dropped 0.9%. Hong Kong’s Hang Seng Index fell

UBS, a major player in the blank-check boom captivating Wall Street, has quietly banned its financial advisers from pitching SPAC stocks to wealth management clients, CNN Business has learned. The restrictions, which haven’t been previously reported, highlight the elevated risk of playing in what is one of the hottest corners of finance right now. Special

The NFL is giving Amazon Prime Video exclusive rights to Thursday Night Football — part of its new 11-year deal with TV networks valued at more than $100 billion. The new deal includes Amazon, CBS, ESPN/ABC, Fox and NBC. It covers 11 years, including a 10-year deal beginning in 2023 and a bridge year deal

Wall Street stumbled on Thursday, with energy and tech stocks selling off, and the 10-year Treasury bond yield climbing to a new 13-month high. Just a day after remarks from Federal Reserve Chairman Jerome Powell appeased the market, all bets are off again. All three stock indexes closed in the red. The Dow finished down

Senior officials from the United States and China are meeting in person on Thursday for the first time since US President Joe Biden took office. But progress toward solving major economic sources of strain — including disputes over tech and trade — is unlikely. US Secretary of State Tony Blinken and National Security Adviser Jake

Five Below wants to win more teen shoppers with novelty stores and cheap prices. The toy, game, room decoration and tech accessory store targets teens and tweens as its key customers and sells most of its stuff for — as its name suggests — under $5. It said Wednesday that it will open 170 to

Peloton is warning owners to keep their children away from their treadmills after an accident involving its Tread+ in which a child died. CEO John Foley sent a letter to Tread+ owners Thursday, saying the warning comes after a “tragic accident involving a child and the Tread+, resulting in, unthinkably, a death.” He didn’t reveal

Alexi McCammond is out as editor-in-chief of Teen Vogue before she officially started the job, she and the magazine’s owner announced Thursday. The announcement of her appointment to the job had sparked outrage from the publication’s staffers and readers as well as some celebrities because of anti-Asian tweets she posted a decade ago. “I became

Google is the latest tech company to commit to more office space despite the ongoing pandemic and the rise of remote work. On Thursday, Google said it plans to invest more than $7 billion in offices and data centers in the United States and create at least 10,000 additional full-time jobs this year. “Coming together