Money

A leading newspaper in Japan that is sponsoring the Olympic Games in July has published an editorial calling for the event to be canceled as the country remains in the grip of the pandemic. Asahi Shimbun accused Prime Minister Yoshihide Suga of holding the Olympics “against the will of the public” in its editorial on

ExxonMobil’s response to the climate crisis could very well be decided on Wednesday. For the first time in modern history, America’s largest oil company is facing a credible challenge from an activist investor. Upset with Exxon’s financial performance and its foot-dragging on the climate, hedge fund Engine No. 1 is seeking to oust four directors

“F9” star John Cena has professed his love for China after calling Taiwan a “country” during an interview that generated a backlash among fans in Hollywood’s most important international market. The controversy unfolded after Cena — who plays the brother of Vin Diesel’s Dom Toretto in the ninth installment of the popular “Fast & Furious”

An American journalist working in Myanmar was detained by local authorities Monday, his family and his news organization told CNN. Danny Fenster, 37, was stopped at the Yangon airport as he tried to board a flight out of the country, his brother Bryan Fenster said. Fenster, a US citizen originally from Detroit, Michigan, works for

Americans making summer vacation plans are about to find airfare costs are near or even above pre-pandemic levels, according to the nation’s major airlines. Executives from most of the major carriers said the recovery in domestic leisure travel is already here. That means yields, which measure how much passengers pay for every mile traveled, are

Americans making summer vacation plans are about to find airfare costs are near or even above pre-pandemic levels, according to the nation’s major airlines. Executives from most of the major carriers said the recovery in domestic leisure travel is already here. That means yields, which measure how much passengers pay for every mile traveled, are

More than 100 employees at the Associated Press have signed an open letter calling for more information about the recent firing of 22-year-old journalist Emily Wilder. Wilder’s ouster, and the newswire’s lack of candor about its cause, has caused a rare uproar inside the storied news organization. Monday’s open letter said the lack of communication

One year ago today, the world watched George Floyd’s life slowly slip away under the knee of a Minneapolis police officer. The outpouring of rage and empathy that followed shook the foundations of Corporate America in unprecedented ways, but experts say it’s far too early to say whether the business world’s pledged commitments to lasting

Walmart has apologized to people who received emails containing the n-word in an earlier message from the retailer. On Monday, Walmart said someone outside the company created fake accounts on its site using the email addresses of the individuals in question. That prompted an auto-generated email from the company that contained the racial slur. Walmart

A German e-commerce startup wants to disrupt the New York City grocery market with deliveries to customers’ apartments in 10 minutes or less. Gorillas, founded last year in Berlin and now available in more than 25 European cities, will begin deliveries in a handful of Brooklyn neighborhoods this month. Brooklyn will be Gorillas’ first location

Record-holding NASA astronaut Peggy Whitson has spent more time in outer space than almost any other human on the planet, but even in retirement she’s desperate to go back. On Tuesday, the 61-year-old Whitson revealed that she will do just that — and this time, she’s flying private. Axiom, a Houston-based company that focuses on

For decades, ExxonMobil has deployed Big Tobacco-like propaganda to downplay the gravity of the climate crisis, shift blame onto consumers and protect its own interests, according to a Harvard University study published Thursday. The peer-reviewed study found that Exxon publicly equates demand for energy to an indefinite need for fossil fuels, casting the company as

Airbnb CEO Brian Chesky said travel demand is rebounding, but he doesn’t expect business travel to ever return to the way it was before the pandemic. “It doesn’t mean business travel is dead, just business travel as we knew it isn’t coming back the way it was,” Chesky said in an interview with CNN’s Poppy

It’s been 365 days since George Floyd was murdered by a police officer on a Minneapolis street. Many of the city’s residents and small business owners that serve them are still reeling from the fallout. Local business leaders say rising crime and a divided state government have obstructed their city’s ongoing recovery from both the

HSBC CEO Noel Quinn isn’t buying into the bitcoin craze. The chief executive told Reuters in an interview this week that his bank has no plans to launch a cryptocurrency trading desk, and “given the volatility, we are not into bitcoin as an asset class.” HSBC confirmed Quinn’s remarks to CNN Business but declined to