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It reads a bit like the plot of a bizarre Hollywood-centric screenplay: Small-time actor Zachary Horwitz was arrested Tuesday for allegedly running a multi-million dollar Ponzi scheme that involved raising funds from investors who thought their money was being used to buy and license film rights, according to a statement from the Justice Department. Horwitz

Best Buy has a new plan to hold on to shoppers in the crowded electronics market. The retailer said Wednesday that it was piloting a $199.99 annual membership program with free device installations, a concierge service for tech support and other perks. The program, Best Buy Beta, will be available at around 60 Best Buy

Got a designer bag in your closet? One chain hopes you’ll walk into one of its new shops and give it up for the right price. Demand for secondhand goods is booming right now, and online luxury reseller The RealReal is looking to cash in. So it’s taking an approach to boost supply that isn’t

Black business leaders’ efforts to stop voter suppression in the wake of Georgia’s recently enacted voting bill illustrate the vanishing separation between protest and politics in America today. They also embody the work of Georgia’s most famous civil rights activist, Dr. Martin Luther King Jr. Over 70 Black executives, led by former American Express CEO

Tom Brady is joining the NFT party. The seven-time Super Bowl champion is launching an NFT platform called Autograph this spring. It will bring together some of the biggest names in sports, entertainment, fashion and pop culture to work with creators to develop unique digital collectibles, a representative for Brady tells CNN Business. Autograph will

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Nearly every day, White House press secretary Jen Psaki heads into the James S. Brady Press Briefing Room, stands at the podium, and fields questions from the press. The questions asked of her are a

The stock market is firmly back in bull mode. The S&P 500 is above 4,000 and near a record high, and the Dow is close to an all-time peak, too. But investors should keep smaller American companies in mind, even as they keep throwing money at blue chips like Caterpillar, Chevron and GM. The Russell

For years, world leaders have been trying to launch a historic overhaul of global tax rules, aiming to tackle an unwieldy system rife with loopholes long exploited by big business. That goal may finally be in sight. The Biden administration’s decision to back a global minimum corporate tax rate while it pushes a massive $2

Faced with major blowback over its $2 trillion infrastructure proposal, the Biden administration is rolling out a campaign to justify why it needs to hike corporate taxes to fund the massive plan. Noting that corporate tax collections have fallen to their lowest level since World War II, Treasury Secretary Janet Yellen said Wednesday that Republicans’

Wednesday morning, Slack rolled out a feature to let its users message people at other companies. By Wednesday afternoon, it was walking the feature back and making changes to prevent harassment after people pointed out that it could be used to send unsolicited DMs and perhaps even abusive emails. The feature is part of Slack

The world’s largest asset manager could soon be paying less to borrow money if it meets diversity goals and boosts its sustainable investing. BlackRock has for the first time linked the cost of tapping bank lending to three metrics: how many women are in senior roles, Black and Latino employment, and how much it invests

As the White House considers raising taxes on corporations for the first time in more than 25 years, the head of one of America’s largest companies is backing such a plan. Amazon CEO Jeff Bezos said in a statement Tuesday that the company is “supportive of a rise in the corporate tax rate.” “We support

An “exceedingly rare” copy of a comic book that introduced Superman for the first time has sold for a record-breaking price. The issue of “Action Comics #1,” which sold for 10 cents when it was originally released in 1938, was auctioned Tuesday for $3.25 million according to a press release from online auction house ComicConnect.com.

When people think of Samsung smartphones, it’s normally Galaxy S devices, Notes and foldables. Now, the unsung heroes of the portfolio are getting a chance to shine. The company announced Wednesday that it’s doubling down on its mid-range Galaxy A Series smartphone line in the United States — an effort that includes its first 5G

Jamie Dimon is very bullish on the US economic recovery from the pandemic. And yet the JPMorgan Chase CEO is deeply concerned about the future of America. In his annual shareholder letter Wednesday, Dimon wrote that the Covid-19 pandemic, the “horrific murder” of George Floyd and the painfully slow economic growth of the past two

Milo chocolate milk has been hugely popular in Southeast Asia for decades. Now the breakfast and teatime favorite is about to get shaken up — the cocoa powder will be offered as a dairy-free, ready-made beverage. The product is one of Nestlé’s newest plant-based inventions, and it will be launched in the region this week,