Money

By Jordan Valinsky, CNN Business The Bill and Melinda Gates Foundation announced Wednesday that it is committing more than $2 billion to gender equality initiatives, including economic empowerment and woman’s health. “The world has been fighting for gender equality for decades, but progress has been slow,” Melinda Gates, co-chair of the Gates Foundation, said in

Workers, wielding new-found leverage from the pandemic, are being more selective. One company hired 412 employees offering a $2000 bonus if they stayed 90 days – yet many of them left.

By Frank Pallotta, CNN Business David Geffen, one of the most famous business moguls in Hollywood, is giving $150 million to the Yale School of Drama. The gift will make the prestigious school tuition free for all current and future students. “The donation — the largest on record in the history of American theater —

By Alexis Benveniste, CNN Business Ampex Brands — a franchisee that owns more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven locations — is buying Au Bon Pain. Panera, which purchased Au Bon Pain in 2017, will sell all 171 of Au Bon Pain’s locations and will allow Ampex to franchise

In Atlanta, Mary Mac’s Tea Room serves up much more than sweet tea. See how they put their soul into a classic taste of the South.

By Danielle Wiener-Bronner, CNN Business McDonald’s is offering you the chance to earn points for chicken sandwiches or vanilla cones. At Popeyes, you could get a special meal not available to anyone else. And at one point, Chipotle even dangled the possibility of winning a car. That’s because restaurants are ramping up their rewards programs.

By Paul R. La Monica, CNN Business Berkshire Hathaway vice chairman Charlie Munger praised the Chinese government for silencing Alibaba’s Jack Ma in a recent interview, adding that he wishes US financial regulators were more like those in China. “Communists did the right thing,” Munger, the 97-year-old longtime friend of Warren Buffett, said about the

By Matt Egan, CNN Business Robinhood is being ordered to pay about $70 million for harming millions of customers. It’s the largest penalty ever imposed by Wall Street’s self-regulator. The controversial trading app was accused Wednesday by the Financial Industrial Regulatory Authority of “systemic supervisory failures” and hurting investors by giving them “false or misleading

By Anneken Tappe, CNN Business It’s the half-way point of the year and President Joe Biden’s stock market has quite the rally to show for itself: The S&P 500 has already reached the target some analysts set for the entire year. The index, the broadest measure of the US stock market, is up more than

KleinVision’s AirCar reached an altitude of 1500 feet and completed two take-offs and landings during its maiden flight in Slovakia, according to the company.

KleinVision’s AirCar reached an altitude of 1500 feet and completed two take-offs and landings during its maiden flight in Slovakia, according to the company.

Ride-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian reports.

By Hanna Ziady, CNN Business The collapse in international tourism due to the coronavirus pandemic could cost the global economy as much as $2.4 trillion this year, as the uneven rollout of vaccines devastates developing countries that are highly dependent on overseas visitors. In a report published Wednesday, the United Nations Conference on Trade and