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By Hanna Ziady, CNN Credit Suisse Chairman Axel Lehmann apologized to angry shareholders Tuesday after the ailing Swiss lender required an emergency rescue last month that left investors nursing heavy losses. “It is a sad day. For all of you, and for us,” Lehmann told 1,748 shareholders at an ice hockey stadium in Zurich at
Continue ReadingBy Chris Lau, CNN Australia has joined other Western countries in banning the use of TikTok on government devices as the Chinese-owned video app comes under increasing pressure over claims it presents a security concern. Attorney-General Mark Dreyfus announced the ban on Tuesday after receiving advice from intelligence and security agencies, saying the directive would
Continue ReadingBy Chris Lau, CNN Australia has joined other Western countries in banning the use of TikTok on government devices as the Chinese-owned video app comes under increasing pressure over claims it presents a security concern. Attorney-General Mark Dreyfus announced the ban on Tuesday after receiving advice from intelligence and security agencies, saying the directive would
Continue ReadingBy Ramishah Maruf and Chris Isidore, CNN A jury ordered Tesla to pay over $3 million Monday in a racial discrimination case brought by a former employee of its assembly plant in Fremont, California. The case was brought by Owen Diaz, who worked as an elevator operator at the plant. He reported he regularly heard
Continue ReadingBy Allison Morrow, CNN Twitter’s traditional bird icon was booted and replaced with an image of a Shiba Inu, an apparent nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is being sued over. Musk addressed the change Monday afternoon, tweeting, “as promised” above an image of a year-old conversation in which another user
Continue ReadingBy Chris Isidore and Steve Contorno, CNN Disney CEO Bob Iger fought back against Florida Governor Ron DeSantis‘ actions against his company, telling Disney shareholders on Monday that recent actions by the state were “anti-business.” The state of Florida has taken action to strip Disney of some of the powers it had over the land
Continue ReadingBy Jeanne Sahadi, CNN For most people in their early- to mid-20s, filing taxes is right up there with having to pay rent and realizing you can’t take summers off anymore: an unwelcome fact of being an adult. If you’re a recent graduate working your first full-time job or supporting yourself for the first time,
Continue ReadingCNN, WSVN, WESH, WFTV, WFTS, WJXT, WKMG By Chris Isidore and Steve Contorno, CNN Disney CEO Bob Iger fought back against Florida Governor Ron DeSantis‘ actions against his company, telling Disney shareholders on Monday that recent actions by the state were “anti-business.” The state of Florida has taken action to strip Disney of some of
Continue ReadingBy Parija Kavilanz, CNN One maker said it is responding to high demand for the morning-after pill, after the US Supreme Court last year ended a constitutional right to abortion, by speeding up availability of the emergency contraceptive in retail stores and introducing a new two-count pack. Julie launched as a one-step tablet of emergency
Continue ReadingBy Olesya Dmitracova, CNN Big-4 accounting firm EY has been banned from auditing companies of public interest in Germany for two years over its failures as the auditor of Wirecard in the years before the digital payments company’s staggering collapse. Germany’s auditor supervisory authority APAS said Monday that it had imposed sanctions on the auditor
Continue ReadingBy Clare Duffy, CNN Some VIP Twitter users woke up on Saturday expecting to have lost their coveted blue verification check marks in a previously announced purge by Elon Musk. Instead, Twitter appeared to target a single account from a major publication Musk dislikes and changed the language on its site in a way that
Continue ReadingBy Chris Isidore, CNN OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million barrels a day starting in May, running through the end of the year. The news sent
Continue ReadingBy Danielle Wiener-Bronner, CNN McDonald’s instructed corporate employees to work from home this week in anticipation of layoffs, according to a report from the Wall Street Journal. “During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,” the company said in an email to employees,
Continue ReadingBy Michelle Toh, CNN HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be split up. At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from how
Continue ReadingBy Jennifer Korn On April 3, 1973, Martin Cooper stood on a sidewalk on Sixth Avenue in Manhattan with a device the size of a brick and made the first public call from a cell phone to one of the men he’d been competing with to develop the device. “I’m calling you on a cell
Continue ReadingBy Laura He, CNN China Renaissance, a top dealmaker in the country’s tech industry, said it would suspend trading of its shares and delay the release of its annual results because it still can’t get in touch with its founder. Bao Fan, 52, started the boutique investment bank in 2005 and has been unreachable since
Continue ReadingBy Nicole Goodkind, CNN Americans have grown used to corporate executives treading the well-worn paths of the Northeast corridor to convene alongside elected officials in Washington, DC, and discuss geopolitics, policy and all that’s in-between. In 2017, major CEOs from across the country came together to oppose North Carolina’s transgender bathroom law. In 2019, they
Continue ReadingWSMV, FAMILY PHOTOS, NASHVILLE POLICE, CNN By Nicole Goodkind, CNN Americans have grown used to corporate executives treading the well-worn paths of the Northeast corridor to convene alongside elected officials in Washington, DC, and discuss geopolitics, policy and all that’s in-between. In 2017, major CEOs from across the country came together to oppose North Carolina’s
Continue ReadingBy Jordan Valinsky, CNN World Wrestling Entertainment is merging with Endeavor Group, the parent company of competitor UFC, to form a new publicly traded company. The deal values the newly combined company at over $21 billion: UFC is worth $12.1 billion and WWE is valued at $9.3 billion. Endeavor shareholders will own 51% of the
Continue ReadingBy Michelle Toh, Mohammed Tawfeeq and Anna Cooban, CNN Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. Brent crude, the global benchmark, jumped 5.31% to $84.13 a barrel, while WTI, the US benchmark, rose 5.48% to $79.83. Both were the sharpest price rises in almost a year. The oil
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