Category Archives: CNN – Business

The realities of climate change are pushing big businesses to focus on sustainability

The realities of climate change are pushing big businesses to focus on sustainability

A consensus appears to be taking root in Corporate America: What’s good for the environment can also be good for business. As President Joe Biden prepares to bring 40 world leaders together for a two-day climate summit this week, big businesses have been amplifying their sustainability initiatives and making trillion-dollar pledges to fight climate change.…MORE

Bitcoin suffers flash crash following week of crypto hype

Bitcoin suffers flash crash following week of crypto hype

After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14% in less than an hour, from about $59,000 to $51,000, on Saturday night before rebounding. Other popular cryptocurrencies including etherium and Dogecoin also fell dramatically, before recouping some of their losses. Bitcoin has skyrocketed in value this year…MORE

Wall Street just showed the Reddit crowd how to really make money

Wall Street just showed the Reddit crowd how to really make money

In the early weeks of 2021, amateur traders backing meme stocks like GameStop, AMC Entertainment and BlackBerry captured the world’s attention. As spectacular gains triggered huge losses for hedge funds that bet the shares would fall, a David versus Goliath narrative took hold. Finally, the little guy was triumphing against The Man, which had been…MORE

Peloton Tread+ owners told to stop using the treadmill in ‘urgent warning’

Peloton Tread+ owners told to stop using the treadmill in ‘urgent warning’

A US government agency issued an “urgent warning” for users of Peloton’s Tread+ following multiple dangerous incidents with the machine, including a child’s death. In a news release Saturday, the Consumer Product Safety Commission said it has become aware of 39 accidents involving the treadmill, including “multiple reports of children becoming entrapped, pinned, and pulled…MORE

What is Dogecoin? How a joke became hotter than bitcoin

What is Dogecoin? How a joke became hotter than bitcoin

Dogecoin is the hottest, quirkiest cryptocurrency on the planet. The total value of the dogecoins in circulation is nearly $50 billion — not bad for a digital currency that started as a joke. It is the No. 5 most-valuable cryptocurrency on the market, according to CoinMarketCap, having increased more than 6,000% this year. The price…MORE

Hershey has a strange idea about where you should put your Reese’s

Hershey has a strange idea about where you should put your Reese’s

Pieces of Reese’s for your face. Beer going to the dogs. A sharper White Claw. Pizza that delivers itself. That’s just a sampling of some of the weird food news that you might have missed this week. Companies are rolling into spring with unusual offerings, hoping to attract attention to their tried and true products…MORE

Dogecoin briefly broke Robinhood’s crypto trading systems

Dogecoin briefly broke Robinhood’s crypto trading systems

Robinhood is again having to explain why users faced issues trading a popular asset on its platform this week. This time, the asset in question is Dogecoin: a cryptocurrency (which was created as a joke in 2013) popular among Redditors and with Tesla CEO Elon Musk that surged to all-time highs this week. Late Thursday,…MORE

Fyre Festival settlement may award ticketholders more than $7,000 each

Fyre Festival settlement may award ticketholders more than $7,000 each

Nearly four years after the infamous Fyre Festival flamed out, scammed ticketholders might finally see some restitution for the biggest party that never was. A proposed settlement in federal bankruptcy court would give more than $7,000 apiece back to a few hundred people who, in the spring of 2017, arrived on a private island in…MORE

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