Category Archives: CNN – Business

Ta-Nehisi Coates is guest editing the September issue of Vanity Fair

Ta-Nehisi Coates is guest editing the September issue of Vanity Fair

Award-winning author and writer Ta-Nehisi Coates will guest edit the September issue of Vanity Fair, the magazine’s editor-in-chief Radhika Jones told CNN Business in an exclusive interview. The issue will focus on art, activism and power in 21st century America. Jones said she and Coates had been talking about the opportunity for a while. Vanity…MORE

BP will slash oil production by 40% and pour billions into green energy

BP will slash oil production by 40% and pour billions into green energy

BP is planning to slash oil and gas production and pour billions of dollars into clean energy as part of a major strategic overhaul unveiled on Tuesday alongside a huge second quarter loss and dividend cut. The London-based company said that it plans a 10-fold increase in annual low carbon investments to $5 billion by…MORE

Apple is the world’s most valuable public company. $2 trillion beckons

Apple is the world’s most valuable public company. $2 trillion beckons

Apple has lapped Saudi Aramco to become the most valuable public company on Earth — and don’t expect the rankings to flip again any time soon. What’s happening: Apple shares jumped more than 10% on Friday after the company reported earnings, reaching an all-time high. The stock rose another 2.5% on Monday to $435.75, giving…MORE

Amazon was selling shoes using the N-word until a UK lawmaker complained

Amazon was selling shoes using the N-word until a UK lawmaker complained

Amazon has removed a post selling shoes described as “n***er brown” after a British lawmaker discovered the listing while shopping online, prompting calls for tighter controls on Amazon’s item descriptions. “Just buying brown brogues tonight leads to this racist micro aggression. Is it 2020 or 1720? Please ⁦⁦@amazon⁩ take it down,” wrote David Lammy on…MORE

Hannity partners with RNC to fundraise for Trump’s re-election by selling ‘priority access’ to his new book

Hannity partners with RNC to fundraise for Trump’s re-election by selling ‘priority access’ to his new book

Fox News host Sean Hannity is helping the Republican National Committee raise money for President Trump’s re-election campaign, despite network rules supposedly barring employees from participating in campaign events. In fundraising emails the RNC sent on Sunday and Monday, the committee told supporters that those who donate $75 or more would get “priority access” to…MORE

Apparel companies are about to miss their critical back-to-school sales bump

Apparel companies are about to miss their critical back-to-school sales bump

Among the many traditions getting canceled by the pandemic is the annual parental headache of back-to-school clothes shopping. That’s bad news for many retailers. Brands like The Gap, American Eagle, Abercrombie & Fitch, Urban Outfitters and Children’s Place rely heavily on fall back-to-school shopping revenue and sales and are set to lose big this fall…MORE

Wawa is building a drive-thru only convenience store

Wawa is building a drive-thru only convenience store

Convenience store operator Wawa is testing a new store format as people look for contactless ways to shop during the pandemic. Wawa said the 1,850 sq-ft test store is expected to open in December in Falls Township, Pennsylvania. It’s one of two drive-thru locations planned this year. (The other one will be in Westhampton, New…MORE

Dwayne “The Rock” Johnson is part of the team buying XFL for $15 million

Dwayne “The Rock” Johnson is part of the team buying XFL for $15 million

Dwayne “The Rock” Johnson is teaming up with his ex-wife and a top sports management company to buy the bankrupt XFL football league for $15 million. Johnson — a former WWE wrestling star who has since become one of Hollywood’s most bankable action heroes — and the partners are purchasing the assets of the XFL…MORE

Chipotle is using avocado pits as dye for its new sustainable clothing line

Chipotle is using avocado pits as dye for its new sustainable clothing line

Chipotle wants its customers to eat — and wear — its avocados. The company announced a new “responsibly sourced” clothing and goods line Monday, and all of the T-shirts, sweatshirts and tote bags will be dyed with the food chain’s used avocado pits that would otherwise go to waste. After using avocados to make guacamole,…MORE

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