Investing

Magic Johnson joins bid to buy the NFL’s Washington Commanders

NBA legend Magic Johnson has joined a bid to acquire the NFL’s Washington Commanders from embattled owner Daniel Snyder. A…

Read More »

Foot Locker is closing 400 stores by 2026

Foot Locker is planning to shut 400 stores by 2026 as it strives to become more relevant to younger shoppers…

Read More »

First Republic shares tumble to a new low

First Republic’s stock fell 47% to a record low Monday, as the bank struggled to persuade Wall Street it could…

Read More »

Rupert Murdoch is engaged to marry Ann Lesley Smith

Billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time. The 92-year-old tycoon revealed…

Read More »

Starbucks’ new CEO steps in two weeks early

Starbucks’ new CEO Laxman Narasimhan has taken over the reins from interim CEO Howard Schultz, about two weeks sooner than…

Read More »

Amazon to lay off 9,000 more workers

Amazon is cutting 9,000 more jobs, CEO Andy Jassy announced Monday in a memo to staff. The latest cuts come…

Read More »

What are AT1 bonds and why are Credit Suisse’s now worthless?

Investors in a riskier type of Credit Suisse’s bonds had their holdings slashed to zero Sunday after Swiss authorities brokered…

Read More »

Google was beloved as an employer for years. Then it laid off thousands by email

On the morning of January 20, one Google employee had to call tech support after getting hit with an unusual…

Read More »

Silicon Valley Bank left a void that won’t easily be filled

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…

Read More »

Global banking crisis: One big problem down. Too many others left to go

Credit Suisse, hobbled for decades by mismanagement, scandal and bad bets, finally succumbed to the emerging global banking crisis. Its…

Read More »