A Trader Joe’s worker says he was fired after writing directly to the chain’s CEO calling for stronger Covid-19 safety protocols in his store. Ben Bonnema, a Trader Joe’s employee at a store in New York City, wrote an email to Trader Joe’s chief executive Dan Bane on February 26 urging the store to improve…… MORE
Category Archives: CNN – Business
Two of the most powerful economic voices in America disagree on a tax for the uber-rich
Democratic Senator Elizabeth Warren faces an uphill battle persuading Washington to back her tax on ultra-millionaires — starting with convincing her own party’s Treasury Secretary. Janet Yellen, whom Warren praised last year as an “outstanding choice” to lead the Treasury Department, fears a wealth tax would be too messy to implement. “Then Janet and I…… MORE
Former New York Times reporter breaks silence after being ousted amid racial slur controversy
Donald G. McNeil Jr., the star New York Times reporter who resigned amid uproar over his 2019 use of a racial slur, broke his silence on Monday, leveling criticism against some of the newspaper’s top brass and offering his own explanation for the events that ended his decades-long career at the outlet. McNeil, who was…… MORE
The maker of a $2,995 home gym is opening up shops in Nordstom stores
Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside Nordstrom stores. Tonal-branded mini shops will debut in March in 40 Nordstrom locations across 20 states, Nordstrom said on Monday. The 50-square-foot shops will be located in the women’s active…… MORE
United, predicting a rebound in travel, buys 25 Boeing 737 Max jets
United Airlines disclosed Monday one of its largest orders for the Boeing 737 Max jet since the aircraft was grounded in March 2019, agreeing to buy an additional 25 planes. The airline also accelerated the delivery timetable for 45 other 737 Max jets it had previously ordered. United said the decision was based on its…… MORE
Wall Street’s new bogeyman: the bond market
Covid-19 no longer seems to be the biggest concern on Wall Street as more people are getting vaccinated. Now, the focus is squarely on the bond market and inflation. Investors are starting to worry that the economy may heat up too much, and that inflation will make an unwelcome return. That has led to some…… MORE
Exxon aims to quell shareholder revolt by adding activists to board
ExxonMobil is adding two prominent activist investors to its board of directors, in a bid to halt the first credible threat to overthrow its board in modern history. The decision to add Jeff Ubben, co-founder of Inclusive Capital Partners, and former Comcast finance chief Michael Angelakis comes as Exxon faces extreme dissent from shareholders about…… MORE
McDonald’s CEO responds after report alleges sexual harassment among workers
Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a statement responding to a CBS News report detailing some female employees’ disturbing allegations. “Let me say plainly: every single person working under the Arches must have a safe and respectful work environment,” Kempczinski wrote Sunday. “Sexual harassment in…… MORE
S&P 500 notches best day since June
The Dow rallied a little more than 600 points Monday, as US Treasury yields pulled back and took a breather from their recent ascent. All three major stock indexes opened sharply higher and continued their rally as the trading session went on. The Dow ended the day up 2% — its best day since November.…… MORE
Budweiser Select is making a comeback as light beer sales surge
With Americans drinking more light beer than ever, Anheuser-Busch is giving them another option with the nationwide release of Budweiser Select. The 99-calorie beer, previously available only in St. Louis, is now rolling out nationwide, in “response to growing consumer demand for a lower calorie beer option,” the company announced Monday. Budweiser Select was available…… MORE
