Money

It’s game over for GameStop CEO George Sherman. The video game retailer and meme stock announced Monday that Sherman will be stepping down on July 31 — or earlier if a successor is found. The news is not a major surprise given that Ryan Cohen, the co-founder and former CEO of online pet supplies retailer

It has been a turbulent week for Bitcoin — and it’s only Monday. After the cryptocurrency suffered a flash crash on Saturday — plummeting some 14% — it attempted to bounce back Monday. But the rebound fizzled out quickly. Bitcoin fell 0.7% against the US dollar around the time of the stock market close Monday,

McDonald’s is partnering with BTS, the massively popular Korean pop band, for its next celebrity meal — and this time it’s going global. The aptly titled “BTS Meal” goes on sale May 26 in the United States, Canada and Brazil and soon after in nearly 50 countries spanning six continents and consists of the “superstar

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Authorities in Minnesota are coming under wholly deserved scrutiny for mistreating members of the media who are covering protests in Brooklyn Center and beyond. While the state’s governor has expressed regret for the earlier incidents,

A growing number of CEOs are speaking out on voting rights. LinkedIn co-founder Reid Hoffman is urging business leaders to back up their verbal support with concrete action that will send a message to politicians. “Protecting voter rights and making voting more accessible is both pro-business, and more importantly, pro-American,” Hoffman told CNN Business in

Employees at Insider, the 13-year-old site formerly known as Business Insider, announced on Monday their intention to unionize with the NewsGuild. Insider was one of the few remaining digital-native media outlets that had yet to see a unionization effort springing from the movement that started with Gawker in 2015 and spread to HuffPost, Vox Media,

Consumers around the world have amassed an extra $5.4 trillion in savings since the coronavirus pandemic began, setting the stage for a spending boom that could power a strong uplift in economic growth this year. Households had stockpiled the excess savings, equal to 6% of global GDP, by the end of March, according to Moody’s

China is pushing forward with its experiment in creating a digital version of the yuan and may give foreign athletes and visitors a chance to use it at the 2022 Beijing Winter Olympics. Li Bo, a deputy governor of the People’s Bank of China, said on Sunday that the digital currency pilot was going well

Although Amazon soundly defeated the union drive at an Alabama warehouse earlier this month, the union behind the organizing effort isn’t giving up on the fight. The Retail, Wholesale and Department Store Union (RWDSU) filed formal objections with the National Labor Relations Board late Friday, alleging Amazon’s conduct in the lead up to and during

Like kicking back and relaxing over the weekend? Then you probably don’t want to trade cryptocurrencies. What’s happening: After a hype-filled week, bitcoin suffered a flash crash on Saturday night, plunging nearly 14% in less than an hour. It was last trading above $56,000 — up from lows near $51,000, but still well below the

After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14% in less than an hour, from about $59,000 to $51,000, on Saturday night before rebounding. Other popular cryptocurrencies including ethereum and Dogecoin also fell dramatically, before recouping some of their losses. Bitcoin has skyrocketed in value this year

Country music singer Mickey Guyton will make history Sunday when she hosts the Academy of Country Music Awards with Keith Urban. The 37-year-old singer from Arlington, Texas, will be the first Black woman to host the awards ceremony. And this isn’t Guyton’s first time making history in the country music world. In September 2020, she

During the pandemic, cities such as Tulsa, Oklahoma, and Natchez, Mississippi, have offered remote workers cash to relocate there, while exotic destinations like Aruba have promoted their islands for stay-at-home jobs. Now, West Virginia wants to pay remote workers $12,000 to move to its country roads. On April 12, Gov. Jim Justice announced a program,

A US government agency issued an “urgent warning” for users of Peloton’s Tread+ following multiple dangerous incidents with the machine, including a child’s death. In a news release Saturday, the Consumer Product Safety Commission said it has become aware of 39 accidents involving the treadmill, including “multiple reports of children becoming entrapped, pinned, and pulled