By Mark Thompson, CNN Business The American chief executive of Barclays, Jes Staley, is stepping down with immediate effect following an investigation by British regulators into his relationship with disgraced financier Jeffrey Epstein, the bank said on Monday. The investigation by the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA)
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By Michelle Toh, CNN Business Kuaishou, the Chinese short video-sharing app that’s known as a popular alternative to TikTok, has replaced its CEO — the latest leadership reshuffle in Chinese tech. The Beijing-based company announced late Friday that co-founder Su Hua was stepping down from the role, while staying on as chairman of the board.
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The distance between Trump America’s perception of January 6 and the rest of America’s understanding of the attack is growing so wide, it cannot be bridged. To see what I
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By Pete Muntean, CNN Southwest Airlines says it is launching an internal investigation after a report that one of its pilots used anti-Biden slang over a plane’s public address system during a flight. “Southwest does not condone Employees sharing their personal political opinions while on the job,” the airline said in a Sunday statement. “Southwest
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By Chris Isidore, CNN Business Canceled flights, packed planes, rising fares and violent outbursts are the new normal for air travel. Flying is getting worse for both passengers and crews. The problems run deeper than the operational meltdowns that caused Southwest and American Airlines to cancel thousands of flights over four-day periods in recent weeks,
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By Ramishah Maruf, CNN Business CNN media analyst Bill Carter compared Rupert Murdoch to a “robber baron” on “Reliable Sources” Sunday, referencing his disruptive role in the media as threats to American democracy become more mainstream. “He basically came in like the guys in the 19th century,” Carter said, “and in the pursuit of wealth
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The distance between Trump America’s perception of January 6 and the rest of America’s understanding of the attack is growing so wide, it cannot be bridged. To see what I
Continue Reading By Frank Pallotta, CNN Business Fire alarms, teasing Tom Brady and flipping the double bird on live television. These are just some of the viral moments from “Monday Night Football with Peyton & Eli.” Also known as the “Manning Cast” — as in the brothers and former NFL quarterbacks — it feels more like a
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By Frank Pallotta, CNN Business This Halloween caps off a strong October for the North American box office. The holiday season could be even merrier. The domestic box office is set to bring in more than $600 million this month, according to Comscore, and each week in October had a big film opening, thanks to
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By Peter Valdes-Dapena, CNN Business Whenever traffic slowed, which happens a lot when you’re heading out of New York City on a Friday afternoon, people wanted to look at the bright blue pickup I was driving. Some wanted to ask questions. Fortunately, an engineer who helped design the truck was riding with me, and rolled
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By Nathaniel Meyersohn and Anneken Tappe, CNN Business You’ve probably noticed that prices have gone up on groceries, essentials, home appliances, fast food and all sorts of consumer goods. Inflation is at more than a decade-long high. That means 2021 will be among the most expensive holiday shopping seasons ever. But shoppers aren’t holding back
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By Julia Horowitz, CNN Business As world leaders gather in Glasgow for the COP26 climate summit on Sunday, there are plenty of reasons for companies and investors to watch closely. Here’s just one: Experts are warning that the climate crisis could trigger the next financial meltdown. “The climate crisis is slow in the making, but
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By Pete Muntean and Ramishah Maruf, CNN American Airlines canceled another 634 flights on Sunday, more than 12% of its total operations for the day, the company said Sunday. The airline has now canceled more than 1,500 flights since Friday, as it deals with weather issues and staffing shortages that started last week. “With additional
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By Jessie Yeung and Swati Gupta, CNN Anish Yadav was sleeping in his home, a fragile hut made of wood and plastic, when the water rushed in. A concrete retaining wall that had previously held back monsoon floodwaters had collapsed, sending a deluge through Yadav’s slum in Malad, a northern suburb in India’s financial hub
Continue Reading By Jessie Yeung and Swati Gupta, CNN Anish Yadav was sleeping in his home, a fragile hut made of wood and plastic, when the water rushed in. A concrete retaining wall that had previously held back monsoon floodwaters had collapsed, sending a deluge through Yadav’s slum in Malad, a northern suburb in India’s financial hub
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By Ramishah Maruf, CNN Business GameStop chief operating officer Jenna Owens is leaving the company seven months after joining it, the company said in a regulatory filing. The Texas-based company did not specify why Owens was leaving. The filing said both parties entered a separation agreement which went into effect on October 25. Owens could
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By Ramishah Maruf and Pete Muntean, CNN Business American Airlines canceled hundreds of flights during the weekend, citing bad weather and staffing shortages, the company announced in a statement. Two days of severe winds in Dallas-Fort Worth, its largest hub, sharply reduced its arrival capacity, the company said. Flights were also affected at its Charlotte,
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Vanessa Yurkevich, CNN Business John Deere and the United Auto Workers Union have reached a new tentative agreement, more than two weeks after 10,000 John Deere workers went on strike, both parties announced Saturday. “Our UAW John Deere national bargaining team went back to our local members after the previous tentative agreement and canvassed the
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by Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Fox News is not officially commenting on the record, but it seems the right-wing talk network is quietly trying to distance itself from Tucker Carlson’s 1/6 trutherism. That’s the takeaway
Continue Reading by Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Fox News is not officially commenting on the record, but it seems the right-wing talk network is quietly trying to distance itself from Tucker Carlson’s 1/6 trutherism. That’s the takeaway
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