Money

The largest union-owned bank in the United States announced its support for reparations for African Americans on Wednesday. Amalgamated Bank became the first major American bank to endorse HR 40, a piece of legislation sponsored by Rep. Sheila Jackson Lee that creates a commission to develop reparation proposals for African Americans. The bank also called

Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. And after Christie’s auction house sold the first-ever NFT artwork — a collage of images by digital artist Beeple for a whopping $69.3 million last week — NFTs have suddenly captured the world’s attention. So what are NFTs? In the simplest terms, NFTs

It’s been a long year for Disneyland fans, but “The Happiest Place On Earth” is finally set to reopen its doors. The flagship Disney resort, which houses Disneyland and its sister theme park California Adventure, plans to reopen with limited capacity on April 30, the company announced on Wednesday. Disneyland’s doors in Anaheim, California, have

The SPAC market is so hot that this year’s fundraising haul has already surpassed all of 2020’s. And it’s not even April. Understandably, the world’s largest asset manager worries the SPAC boom is overdone. “If you look at the SPAC market, there’s some really attractive new companies and new technologies coming to the market that

London is fighting to maintain its standing as the best city outside New York for bankers and traders to do business. The British capital lost significant ground in the first Global Financial Centers Index published since the United Kingdom completed its exit from the European Union, barely holding onto its No. 2 spot in the

As business leaders warn about the risks of a corporate tax hike, the world’s largest asset manager is decidedly unfazed. The resurgent US economy can handle it, BlackRock executive Rick Rieder told CNN Business. The White House is laying the groundwork for lifting the corporate tax rate above its current level of 21% to help

In the early days of the internet, it was novel and exciting to find ratings and reviews of contractors on a site like Angie’s List. That’s long changed — and it’s one reason the Angie’s List brand is being retired on Wednesday. In an ever-so-slight name change, Angie’s List will rebrand as Angi starting Wednesday.

Once upon a time, investors’ biggest concern was the pandemic that doused markets in uncertainty. No longer. What’s happening: For the first time since February 2020, Covid-19 is not the greatest fear cited by portfolio managers surveyed by Bank of America. Now, the top risk they point to is inflation. That puts extra pressure on

The global chip shortage is continuing to pummel global business, with Samsung, Honda and Volkswagen among the latest major companies to warn of sustained disruption. On Wednesday, Samsung co-CEO Koh Dong-jin told investors that the South Korean tech giant was having trouble with its supply chain. The company is scrambling to address the dearth of

Will crude oil prices continue their recent dramatic boom as the pandemic recovery takes hold? Perhaps not. The International Energy Agency said Wednesday that it does not expect oil to enter a “supercycle,” or extended period during which prices rise well above their long-run trend. “Oil’s sharp rally to near $70 per barrel has spurred

As business leaders warn about the risks of a corporate tax hike, the world’s largest asset manager is decidedly unfazed. The resurgent US economy can handle it, BlackRock executive Rick Rieder told CNN Business. The White House is laying the groundwork for lifting the corporate tax rate above its current level of 21% to help

Uber is reclassifying its 70,000 drivers in the United Kingdom after the UK Supreme Court upheld a ruling last month that they should be classified as workers and not independent contractors. The company said Tuesday that as “workers” — a classification unique to employment law in the UK that falls short of “employee” — drivers

Unhappy anniversary, jobless Americans. This week marks a year since the coronavirus pandemic began upending the US economy, costing millions of people their jobs and forcing them onto unemployment benefits. Those who are still out of work could soon start getting notices from their state unemployment agencies advising them that they are approaching their benefit

After months of sporting the “casual look” — in some cases surrendering fully to our inner shaggy and shabby — consumers are itching to trim, wax and glue their way back to their glorious pre-pandemic selves. Service providers for body waxes, eyelash extensions and one-hour shampoo and blowout combos say their business has revved up

Robinhood is widely expected to go public later this year despite the public relations black eye it received during the Reddit-induced GameStop mania. But another rapidly growing online trading rival will beat it to the market. EToro, a broker with more than 20 million users, said Tuesday that it is merging with FinTech Acquisition Corp.