Category Archives: CNN Business

BuzzFeed is buying HuffPost — and inheriting its diversity issues

BuzzFeed is buying HuffPost — and inheriting its diversity issues

About an hour after the news that BuzzFeed is acquiring HuffPost first broke, BuzzFeed chief Jonah Peretti held an all-hands for HuffPost staffers over Google Meet. Peretti appeared enthusiastic and optimistic, according to two HuffPost staffers who were on the call, and those feelings were shared by some members of the staff at HuffPost, but…MORE

Sidney Powell is a beacon of hope to sad Qanon supporters

Sidney Powell is a beacon of hope to sad Qanon supporters

A few weeks before the election I went to a meeting of QAnon fanatics in Scottsdale, Arizona. The groupthink there: President Trump was not only going to win the election — he was going to win it in a landslide. Anything other than that result would be evidence of mass election fraud. That, of course,…MORE

This new firm will count the Queen and the Forbes media family as clients

This new firm will count the Queen and the Forbes media family as clients

A UK investment company with ties to Queen Elizabeth II is teaming up with an American rival that manages money for some members of the family behind Forbes Magazine. FWM Holdings, the parent company of the Forbes Family Trust, and Stanhope Capital, which advises the Queen on her £538 million ($718.7 million) private investment portfolio,…MORE

The Dow just hit 30,000. It was a long road to get there

The Dow just hit 30,000. It was a long road to get there

Dow 30,000 is a milestone nearly 125 years in the making. The average began tracking the most powerful corporate stocks in 1896, and it has served as a broad measure of the market’s health through 22 presidents, 24 recessions, a Great Depression and two global pandemics. Along the way, it also weathered at least two…MORE

Cannabis stocks are soaring again

Cannabis stocks are soaring again

Shares of major cannabis stocks are soaring once again following the news that Joe Biden’s transition has formally begun. The uptick is fueled by expectations that the incoming administration will loosen regulations, as well as more US states legalizing sales of recreational marijuana. Canopy Growth rose 6%, Aurora Cannabis surged 25% and Tilray jumped 14%…MORE

Dow tops 30,000 for the first time ever as Biden transition begins

Dow tops 30,000 for the first time ever as Biden transition begins

Investors have a lot to be thankful for this holiday-shortened week — including the Dow passing the 30,000 milestone for the first time as stocks posted solid gains Tuesday to extend Monday’s rally. The Dow was up more than 400 points, or 1.4%, in late morning trading. The blue chip index hit a new all-time…MORE

Hotels endure a holiday season that’s short on cheer

Hotels endure a holiday season that’s short on cheer

John Fitzpatrick won’t be putting up the usual festive Christmas decorations in one of the two Manhattan hotels he owns this year. It’s closed due to the pandemic, with no clear reopening in sight. Instead, Fitzpatrick will keep the decorations on the shelf, during what’s usually the the busy time of year. He says he…MORE

Frank’s RedHot owner buys Cholula in $800 million deal

Frank’s RedHot owner buys Cholula in $800 million deal

McCormick is adding a bit more spice to its portfolio with hot sauce Cholula. The company is acquiring the brand from L Catterton, the private equity firm, in an $800 million cash deal, it said Tuesday. It expects to close the deal this year. The hot sauce market has been growing steadily. US sales of…MORE

Dick’s Sporting Goods CEO Ed Stack will step down after 36 years

Dick’s Sporting Goods CEO Ed Stack will step down after 36 years

Dick’s Sporting Goods CEO Ed Stack is stepping down after 36 years, a tenure in which he transformed his family’s small business into a national presence, took the company public and enacted a strong stance on the US gun debate. Stack, 65 years old, will take on the role of executive chairman and continue as…MORE

Blogs