European tourism plummets as Delta variant threat continues
European Tourism Association CEO Tom Jenkins discusses how European travel has fallen due to the ongoing coronavirus pandemic and the Delta variant threat.
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Bill & Melinda Gates Foundation commits $2 billion for gender equality
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
Continue ReadingYes, there’s a labor shortage. But hiring is surging. Here’s why
By Anneken Tappe, CNN Business What labor shortage? America’s private sector employers added 692,000 jobs in June, according to Wednesday’s ADP Employment Report. That exceeded Wall Street analysts’ expectations. While employers complain that they can’t find enough workers, the battered leisure and hospitality industry still registered by far the most job growth at 332,000 new
Continue ReadingIs Pres. Biden right, do employers just need to pay more?
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.
Continue ReadingTuition is free at the Yale Drama School after $150 million gift from David Geffen
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 —
Continue ReadingTuition is free at the Yale Drama School after $150 million gift from David Geffen
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 —
Continue ReadingRobinhood slapped with biggest-ever penalty by Wall Street regulator
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
Continue Reading7-Eleven and Taco Bell franchisee is buying Au Bon Pain
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
Continue ReadingAlleged Capital One hacker faces 20 years in prison for stealing 100 million customers’ data
By Moira Ritter, CNN Business The US Justice Department has filed additional charges against the hacker accused of illegally accessing more than 100 million Capital One customers’ accounts and credit card applications in 2019. Paige Thompson, a former Amazon engineer, now faces six counts of computer fraud and abuse, one count of access device fraud
Continue ReadingAlleged Capital One hacker faces 20 years in prison for stealing 100 million customers’ data
By Moira Ritter, CNN Business The US Justice Department has filed additional charges against the hacker accused of illegally accessing more than 100 million Capital One customers’ accounts and credit card applications in 2019. Paige Thompson, a former Amazon engineer, now faces six counts of computer fraud and abuse, one count of access device fraud
Continue ReadingAlleged Capital One hacker faces 20 years in prison for stealing 100 million customers’ data
By Moira Ritter, CNN Business The US Justice Department has filed additional charges against the hacker accused of illegally accessing more than 100 million Capital One customers’ accounts and credit card applications in 2019. Paige Thompson, a former Amazon engineer, now faces six counts of computer fraud and abuse, one count of access device fraud
Continue ReadingMcDonald’s and Popeyes have a plan to make customers come back more often
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.
Continue ReadingWhat’s the secret to this fried chicken recipe? Humming
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.
Continue ReadingMcDonald’s and Popeyes have a plan to make customers come back more often
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.
Continue ReadingAmerica can learn from Communist China, says Berkshire’s Charlie Munger
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
Continue ReadingAmerica can learn from Communist China, says Berkshire’s Charlie Munger
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
Continue ReadingRobinhood slapped with biggest-ever penalty by Wall Street regulator
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
Continue ReadingInternational law enforcement take down DoubleVPN service allegedly used by ransomware gangs
By Brian Fung, CNN A group of international law enforcement agencies have taken down DoubleVPN, a virtual private networking service allegedly used by ransomware gangs to hide their online tracks, in a coordinated operation aimed at disrupting cyber criminals. The VPN service was shut down on Tuesday as officials from the US, Canada, and several
Continue ReadingInternational law enforcement take down DoubleVPN service allegedly used by ransomware gangs
By Brian Fung, CNN A group of international law enforcement agencies have taken down DoubleVPN, a virtual private networking service allegedly used by ransomware gangs to hide their online tracks, in a coordinated operation aimed at disrupting cyber criminals. The VPN service was shut down on Tuesday as officials from the US, Canada, and several
Continue ReadingInternational law enforcement take down DoubleVPN service allegedly used by ransomware gangs
By Brian Fung, CNN A group of international law enforcement agencies have taken down DoubleVPN, a virtual private networking service allegedly used by ransomware gangs to hide their online tracks, in a coordinated operation aimed at disrupting cyber criminals. The VPN service was shut down on Tuesday as officials from the US, Canada, and several
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