Category Archives: CNN – Business

Major Philippines broadcaster denied license as watchdogs warn over press freedom

Major Philippines broadcaster denied license as watchdogs warn over press freedom

Lawmakers in the Philippines have voted against granting a new license to one of the country’s largest and most influential broadcasting networks, a move that critics say will undermine press freedom. A legislative committee voted overwhelmingly on Friday to not renew the franchise of media company ABS-CBN, which known for its unflinching coverage of President…MORE

Elon Musk about to get another $1.8 billion payday from Tesla

Elon Musk about to get another $1.8 billion payday from Tesla

At the end of May Tesla granted CEO Elon Musk stock options worth $1.8 billion today. Now, it’s about to do that again — for a second time in just over two months. Musk’s pay package, approved by Tesla shareholders in 2018, doesn’t pay him any salary or cash bonuses. Instead, it laid out a…MORE

Exclusive: Delta CEO says federal government should issue a mask mandate

Exclusive: Delta CEO says federal government should issue a mask mandate

As the Covid-19 pandemic continues to spread throughout the United States, travelers are still not federally required to wear a mask on a passenger jet. But Delta CEO Ed Bastian said the government should make it a mandate. He’s not optimistic, however, that a national mask requirement will happen. The airline industry has not issued…MORE

Goya CEO tells Fox he won’t apologize after his praise for Trump sparks boycott

Goya CEO tells Fox he won’t apologize after his praise for Trump sparks boycott

In an interview with Fox News Friday, Goya Foods CEO Robert Unanue said he was “not apologizing” for praising President Donald Trump at the White House. Unanue’s appearance at a Rose Garden Thursday ceremony announcing the White House Hispanic Prosperity Initiative sparked outrage on social media. By Friday morning, the hashtag #Goyaway was trending, as…MORE

Take that, Disney! Goldman Sachs is super bullish on Netflix

Take that, Disney! Goldman Sachs is super bullish on Netflix

Netflix is no longer the only streaming game in town. But an analyst at Goldman Sachs still thinks Netflix is the king (and queen, thanks to season 6 of “The Crown“) of content stocks. Shares of Netflix surged more than 8% Friday to a new record of above $535 after Goldman’s Heath Terry boosted his…MORE

Rivian raises another $2.5 billion as it prepares to launch its electric pickup

Rivian raises another $2.5 billion as it prepares to launch its electric pickup

Rivian, a Michigan-based company with plans to make fully electric pickups and SUVs, announced Friday that it secured an additional $2.5 billion in funding. The round of funding was led by T. Rowe Price Associates, the company said. Amazon and BlackRock, both of which have previously invested in Rivian, participated in this round of investments,…MORE

Why it pays to be a chain during a pandemic

Why it pays to be a chain during a pandemic

Companies often talk about the benefits of scale. And during a pandemic, it appears bigger can be better. What’s happening: A new analysis by Bank of America found that spending at big restaurant chains has “largely recovered,” while small chains and independent eateries remain under pressure. It pointed to Chipotle as one player with a…MORE

Amazon, Apple and Microsoft race to $2 trillion

Amazon, Apple and Microsoft race to $2 trillion

Two trillion dollars is a lotta money — government stimulus and budget deficit kind of money. But three American tech companies each could soon be valued at that 13-digit amount. Apple and Microsoft are each worth more than $1.6 trillion today. Amazon has a market capitalization above $1.5 trillion. They are all trading near record…MORE

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