Category Archives: CNN – Business

More than 63 million people watched the final presidential debate

More than 63 million people watched the final presidential debate

More than 63 million people watched Thursday night’s debate between President Trump and Joe Biden, according to Nielsen TV ratings. For comparison’s sake, 73 million people watched the first Trump-Biden debate. Frequently the first debate is the most-watched of the election cycle, so this year’s results followed a familiar pattern. The high ratings for both…MORE

A year ago, this company had 750 customers. Today it has 6,000

A year ago, this company had 750 customers. Today it has 6,000

Subscription services can bear a resemblance to the story of Goldilocks: Sometimes you end up with way too much of what you ordered, risking spoilage. Other times, you run out faster than planned. The answer, according to one company, is a scale. Seattle upstart Bottomless set out to nail that “just right” aspect by creating…MORE

A government agency just paid a record $114 million to an anonymous whistleblower

A government agency just paid a record $114 million to an anonymous whistleblower

Someone just scored a $114 million payday — without playing the lottery or stepping into a casino. Instead, the check was signed by Uncle Sam. The Securities and Exchange Commission awarded the staggering $114 million to a whistleblower who tipped the government off to misconduct and provided “extraordinary” assistance in an investigation, the agency announced…MORE

Meet the woman who could lead the Treasury in a Biden administration

Meet the woman who could lead the Treasury in a Biden administration

The US election is still more than a week away, but speculation about who might lead the Treasury Department under a Biden administration is already in full swing. Analysts from Washington to Wall Street say a leading contender would be Lael Brainard, a current Federal Reserve governor with years of practical experience for the job.…MORE

Recession risk grows as Covid-19 cases continue to surge

Recession risk grows as Covid-19 cases continue to surge

The world’s top economies took huge steps in recent months to recover from the worst recession in a generation. Now, with coronavirus cases surging again, that progress could be reversed. What’s happening: Business activity has fallen back into decline in Europe, according to the latest reading of the Purchasing Managers’ Index from IHS Markit, which…MORE

Morgan Stanley to cover tuition for 60 students at three HBCUs

Morgan Stanley to cover tuition for 60 students at three HBCUs

Morgan Stanley announced a new program to provide full scholarships for 60 students at three historically Black colleges and universities, known as HBCUs — the latest move by a major bank to try to confront racial inequalities in the United States. The scholarships are part of the bank’s HBCU Scholars program, which will provide four-year…MORE

Santa is skipping Macy’s for the first time in 159 years

Santa is skipping Macy’s for the first time in 159 years

There will be no miracle on 34th Street this year. Santa Claus won’t be visiting any Macy’s stores in 2020, ending a 159-year holiday season tradition. The department store’s tradition started in 1861, but Santa meet-and-greets won’t be happening this year because of concerns about the coronavirus pandemic. Instead, Macy’s is creating an interactive virtual…MORE

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