Category Archives: CNN – Business

MyPillow CEO Mike Lindell has been banned from Twitter

Mike Lindell, the CEO of MyPillow, was banned from Twitter Monday night, according to a Twitter spokesperson. Twitter made its decision based on a new policy it enacted after the Capitol insurrection whereby people who repeatedly share election misinformation can be permanently banned. “The account you referenced has been permanently suspended due to repeated violations…MORE

Pizza Hut debuts a new Detroit-style pizza

Pizza Hut’s newest pizza doesn’t look like its other pizzas. The chain is launching a new Detroit-style pizza, which ditches the traditional round shape for a rectangular crust with cheese to the edges that’s popular in the Michigan city. It’s Pizza Hut’s second major product launch this month as the pandemic-era pizza wars show few…MORE

GameStop’s stock is going through some stuff. You can thank Reddit

GameStop’s stock is going through some stuff. You can thank Reddit

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Today in business news: GameStop’ shares are soaring, Budweiser is skipping the Super Bowl and Coke with Coffee is just the chaos we need right now. Let’s get into it. GAMESTOP…MORE

Janet Yellen is confirmed as the first female Treasury secretary in US history

Janet Yellen is confirmed as the first female Treasury secretary in US history

Lawmakers confirmed Janet Yellen as Treasury secretary on Monday, making her the first woman in American history to hold the position. As head of the Treasury, she’ll be tasked with shepherding President Joe Biden’s $1.9 trillion American Rescue Plan through Congress and overseeing its execution. The plan includes $1,400 stimulus checks, expanded unemployment benefits, and…MORE

AMC’s CEO believes his movie theaters will survive through 2021

AMC’s CEO believes his movie theaters will survive through 2021

Adam Aron is in a surprisingly good mood for a CEO of a struggling theater chain that recently said it might not make it through the winter. But the AMC Theatres CEO was jovial because his fortunes recently changed. The world’s largest movie theater company announced Monday it had raised $917 million of new equity…MORE

S&P 500 and Nasdaq hit record highs as volatility grips Wall Street

S&P 500 and Nasdaq hit record highs as volatility grips Wall Street

It was a volatile day on Wall Street, where stocks suddenly tumbled mid-morning before bouncing back. Investors have a lot on their minds: President Joe Biden’s stimulus plan is facing criticism from lawmakers concerned about the deficit, a deluge of corporate earnings is on tap and drug maker Merck pulled its Covid-19 vaccine plans. Meanwhile,…MORE

The strange but true reason why GameStop’s stock keeps surging

The strange but true reason why GameStop’s stock keeps surging

GameStop is expected to lose money this year and next year. Sales growth is sluggish as fewer gamers need to go to stores — or even shop online — when they can download new titles directly from their consoles, PCs, phones or tablets. So why are shares of the video game retailer up more than…MORE

WWE Network will now stream exclusively on NBCU’s Peacock

WWE Network will now stream exclusively on NBCU’s Peacock

The WWE is coming to Peacock. NBCUniversal’s new streaming service will be the exclusive US home of WWE Network, the wrestling entertainment company’s own streaming platform. As part of a multi-year deal, WWE Network will launch on Peacock on March 18 with more than 17,000 hours of new and old wrestling content. WWE Network will…MORE

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