McDonald’s finally announces when its new loyalty program will launch
By Jordan Valinsky, CNN Business McDonald’s will launch its first-ever nationwide loyalty program July 8. It’s aimed at expanding…
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Steven Spielberg is partnering with Netflix
Steven Spielberg’s production company Amblin Partners signed a deal with Netflix to produce multiple new feature films per year. CNN’s Frank Pallotta…
Continue Reading Steven Spielberg’s production company signs a deal with Netflix
By Frank Pallotta, CNN Business Steven Spielberg is partnering with Netflix. Getting Hollywood’s premiere director represents a major coup for…
Continue Reading Government spending ‘fatigue’ is a risk worth watching
By Julia Horowitz, CNN Business As the global recovery takes hold, governments around the world will be increasingly tempted to stop throwing so much…
Continue Reading A free Peloton membership could be your newest work benefit
By Jordan Valinsky, CNN Business Paid time off, retirement benefits and … a Peloton membership? That could be your newest work perk as the…
Continue Reading EU antitrust officials are investigating Google’s vast ads business
By Mark Thompson, CNN Business The European Union has launched an antitrust investigation into Google’s vast advertising business, claiming…
Continue Reading Bumble just gave its entire staff the week off to recharge
By Michelle Toh, CNN Business Bumble is giving its entire team a break. The dating app has shut down its offices around the world this week “as…
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Bitcoin briefly plunges below $30,000 as China ramps up the pressure on cryptos
By Laura He, CNN Business Bitcoin tanked again on Tuesday and briefly fell below $30,000 for the first time since late January as China escalated its…
Continue Reading New York City’s slow-motion primary election will force the press to show some patience
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
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Advocacy group accuses Smithfield Foods of falsely warning of meat shortages
By Danielle Wiener-Bronner, CNN Business Smithfield Foods, one of the country’s top meat processors, has been sued by a consumer advocacy…
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St. Croix refinery that rained oil on neighborhoods is shutting down indefinitely
By Alexis Benveniste and Fredreka Schouten, CNN The Limetree Bay oil refinery in St. Croix said it would close indefinitely, citing “severe…
Continue ReadingSt. Croix refinery that rained oil on neighborhoods is shutting down indefinitely
The Limetree Bay oil refinery in St. Croix said it would close indefinitely, citing “severe financial constraints” a month after the…
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Dow notches best day since March as Wall Street rebounds
US stocks soared Monday, making up lost ground after a multi-day losing streak last week. The Dow closed 1.8%, or nearly 590 points, higher. The…
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NYC mayor says Amazon Prime Day is ‘perfect day not to shop Amazon’
New York City Mayor Bill De Blasio addressed business economic recovery efforts for small businesses around the city by first acknowledging that…
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Dow surges more than 500 points as Wall Street rebounds
US stocks are rallying Monday, making up lost ground after a multi-day losing streak. The Dow surged more than 550 points, or 1.7%, in the early…
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American investors are trying to buy a UK supermarket. Here’s why
Britain’s fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a…
Continue ReadingSteven Spielberg’s production company signs a deal with Netflix
Steven Spielberg is partnering with Netflix. Getting Hollywood’s premiere director represents a major coup for the streaming service. Amblin…
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Lordstown executives sold millions of dollars in stock before problems became public
Lordstown Motors, the embattled electric truck startup, is facing more scrutiny after several of its top executives sold off millions in dollars of…
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What on earth is a SPAC?
What do Jay-Z, A-Rod, Ciara, Serena Williams, Shaq, hedge fund billionaire Bill Ackman, former house speaker Paul Ryan, and Richard Branson all have…
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Bill Ackman’s SPAC buys 10% of the music giant behind Kanye West
Vivendi has agreed to sell 10% of Universal Music to a so-called blank check company backed by hedge fund billionaire Bill Ackman for about $4…
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