Category Archives: CNN – Business

Netflix fired an employee who leaked information about Dave Chappelle’s special
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Netflix fired an employee who leaked information about Dave Chappelle’s special

Netflix fired an employee for sharing “confidential, commercially sensitive information” outside of the company about Dave Chappelle’s controversial stand-up special “The Closer,” the company confirmed to CNN on Saturday. The employee leaked the information to Bloomberg, which published it in an article on Wednesday. The unidentified employee was an organizer of an upcoming walkout by…MORE

Hertz files for a new IPO
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Hertz files for a new IPO

Hertz is going public again. The rental car company, which filed for bankruptcy early in the pandemic and emerged on June 30, has filed paperwork with the Securities and Exchange Commission for an initial public offering. The company signaled its plans for the IPO in August when it reported second quarter financial results, including revenue…MORE

Sephora launches same-day delivery service
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Sephora launches same-day delivery service

Beauty addicts beware. Your Sephora addiction is about to get a whole lot worse. Sephora has launched a same-day delivery service just ahead of the holiday shopping season, which is set up to deliver purchases within two hours for a fee. Here’s how it works: customers who place an order on Sephora’s website, or through…MORE

Big turkeys are back for an IRL Thanksgiving
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Big turkeys are back for an IRL Thanksgiving

Thanksgiving 2021 may feel a lot more like a normal holiday than last year’s — many Americans have been vaccinated, and restrictions have eased across the country. And that means bigger turkeys are back, too. Grocery chains and retail analysts are expecting people to have bigger gatherings than last year. So they’re stocking up on…MORE

Storage containers are scarce, so toymakers are focused on small, squishy toys for the holidays
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Storage containers are scarce, so toymakers are focused on small, squishy toys for the holidays

Jay Foreman, the chief executive of toymaker Basic Fun, was in a bind over the summer. The end-of-year holiday shopping rush was quickly approaching, but Foreman was struggling to book shipping containers to ferry the company’s toys, which include Tonka trucks, Care Bears and Cutetitos. And when he did find some, the costs were exorbitant.…MORE

The global economy’s 2020 hangover is far from over
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The global economy’s 2020 hangover is far from over

It’s almost 2022, but 2020 isn’t done with us yet. Despite good news about Covid-19 vaccinations, a solid economic rebound and seemingly boundless optimism on Wall Street, we’re nowhere near out of the woods. The global supply chain is a wreck. Europe and Asia are facing a potentially crippling energy shortage. And the US government’s…MORE

Elizabeth Warren says Amazon is ‘like a monster’ that must be fed every minute
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Elizabeth Warren says Amazon is ‘like a monster’ that must be fed every minute

Senator Elizabeth Warren is accelerating her push to break up Amazon, arguing that the $1.7 trillion company is simply too powerful. “Amazon has the power and uses it to smash little businesses before they ever get a foothold,” the Massachusetts Democrat told CNN in a phone interview. Warren argues it’s not fair for Amazon to…MORE

Goldman Sachs, the Dow’s top stock of 2021, continues to impress
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Goldman Sachs, the Dow’s top stock of 2021, continues to impress

Wall Street powerhouse Goldman Sachs reported earnings that easily topped analysts’ expectations, capping a stellar week of bank results and helping to power the broader market to solid gains Friday. Goldman Sachs said that it posted a profit of $5.4 billion for the third quarter, which works out to $14.93 a share. Analysts were forecasting…MORE