Money

A few weeks ago, Philippe Massoud posted online ads looking for a cook to hire at ilili, his New York City restaurant. Typically, he said, 60 or 80 people might show up to interview for a position like that one. This time? Nobody. “That has not happened, ever, in the 14-year history of the business,”

Dogecoin is tumbling after a stunning start to the year. Brian Brooks, the new CEO of crypto exchange Binance, says that’s to be expected: Dogecoin is a lot of fun, and maybe even a good investment, but it’s not the future. It’s a novelty rather than a potential financial market disruptor like bitcoin. First Move’s

Progressive activists are calling on Ford, Target, Google, Bank of America and other major companies that have pledged to support voting rights to cut ties with the US Chamber of Commerce, CNN Business has learned. At issue is the Chamber of Commerce’s fierce opposition to the Democrats’ sweeping voting bill known as the For the

A few weeks ago, Philippe Massoud posted online ads looking for a cook to hire at ilili, his New York City restaurant. Typically, he said, 60 or 80 people might show up to interview for a position like that one. This time? Nobody. “That has not happened, ever, in the 14-year history of the business,”

Good news for people looking to get a post-pandemic chop: Amazon is opening a hair salon in London. Yes, you read that right. The world’s largest online retailer is opening a two-story, 1,500-square-foot salon equipped with new technology, including augmented reality hair consultations and point-and-learn displays that give customers information, videos and educational content when

Car dealer lots have only a fraction of the vehicles that they typically have — both new and used. It’s helping send prices to record levels. The average new car price was $37,200 in the first quarter, according to JD Power, up 8.4% from the same period just a year ago. About half of car

Taco Bell’s plastic sauce packets have a short life. After all, what else are you supposed to do with them after they’re squeezed to death? That’s soon changing: The fast food chain is partnering with recycling company TerraCycle to give its packets a “spicier second life that doesn’t involve a landfill,” Taco Bell said in

The Tamagotchi is back, but this time the ’90s icon comes with a camera. Bandai America, its parent company, is launching the new Tamagotchi Pix. The core remains the same: an egg shape, three buttons, with the goal of raising a virtual pet. It goes through different life stages, such as hatching from an egg,

The “biggest myth” about working in the tech industry is that it’s based on a meritocracy. So says Ellen Pao, the former Reddit CEO and venture capitalist, who is urging companies to take another look at how inclusive their workplaces really are as communities around the world grapple with a rise in anti-Asian hate. Pao,

Goldman Sachs has just 49 Black executives and senior managers in its US workforce, accounting for about 3% of the total. In a sustainability report published Tuesday, the investment bank revealed data on the racial and gender composition of its US workforce for the first time. The numbers reflect a very low rate of Black

Fresh Acquisitions, the parent company of a restaurant chain that owns several buffet-style concepts, including Old Country Buffet, filed for bankruptcy. The Chapter 11 filing more than a year into the pandemic illustrates the struggles the industry faces, particularly ones that are reliant on buffets. Furr’s Fresh Buffet, Ryan’s, Old Country Buffet, Tahoe Joes Famous

For months, investors have been bracing for signs that prices will increase as the post-pandemic economic recovery gathers steam. Well, they’re here. What’s happening: Consumer products giant Procter & Gamble has said it will raise prices on brands such as Pampers diapers and Tampax tampons. The increases will vary by brand, but will be in

Netflix had a huge first quarter last year thanks to the pandemic keeping people inside. Now with vaccinations ramping up, Netflix kicked off 2021 with a big subscriber miss. The streaming service reported Tuesday it now has 208 million subscribers globally, after adding 4 million subscribers in the first quarter of 2021, but missing its

Apple unveiled a slew of new products at its annual Spring launch on Tuesday, but waited until after the event to announce big changes coming to software for iPhones and iPads “next week.” The company said in a press release that it will roll out its much-anticipated iOS 14.5 software but didn’t specify which day.

Billionaire Leon Cooperman rejected Senator Elizabeth Warren’s invitation to testify on her proposed wealth tax, saying he has no interest in appearing “at her show trial.” Warren invited Cooperman, with whom she has repeatedly clashed, to appear at an April 27 hearing on creating a fairer tax system. In a statement to CNN Business Tuesday

A pair of recent real estate studies are shedding light on how people of color have been consistently disadvantaged in the US housing market for years and are largely missing out on the country’s ongoing home-buying frenzy. For nearly a decade, homes sold in mostly Black neighborhoods have been undervalued by an average of $46,000,

The nearly two-decade relationship late basketball player Kobe Bryant and Nike has ended. Bryant was “an important part of Nike’s deep connection to consumers,” Nike said in a statement. “Though our contractual relationship has ended, he remains a deeply loved member of the Nike family,” the company added. Bryant, along with eight other people, including