Category Archives: Business

“Shark Tank” investor Daymond John told CNBC on Friday that “the first step” for CEOs who want to address racial inequality in the U.S. is listening to their own employees.  “Internally, have those tough questions being asked. Find out how your colleague or your staff feels that are of color and have the other individuals…

Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas on June 6, 2019.

Michael Jordan VCG | Getty Images Michael Jordan and his Jordan Brand company will donate $100 million social organizations “dedicated to ensuring racial equality” the company announced on Friday. In a joint statement, the basketball Hall of Famer said the funding would also assist organizations that assist with “social justice and greater access to education”…

An Airbus A330neo commercial passenger aircraft takes off in Colomiers near Toulouse, France, July 10, 2018. Regis Duvignau | Reuters For the second time in the last four months, Airbus has recorded zero orders for new airplanes.

Elena Delle Donne #11 of the Washington Mystics handles the ball against Alyssa Thomas #25 of the Connecticut Sun in Game 5 of the 2019 WNBA Finals at St Elizabeths East Entertainment & Sports Arena on October 10, 2019 in Washington, DC.

Citigroup’s Ray McGuire appears to be moving closer to running for mayor of New York. He has held court with several high profile political strategists recently, and and at least one city political power player is working the phones on his behalf.

Anthony Fauci, director of the NIH National Institute of Allergy and Infectious Diseases, testifies before the Senate Health, Education, Labor and Pensions Committee during a hearing on “An Emerging Disease Threat: How the U.S. Is Responding to COVID-19, the Novel Coronavirus” on March 3, 2020 in Washington, DC.

A Boeing 777-222(ER) passenger plane belonging to the United Airlines taking off at Hong Kong International Airport on August 08 2018 in Hong Kong, Hong Kong. Marcio Rodrigo | Getty Images United Airlines plans to close three of its four foreign flight attendant bases in October as international air travel continues to struggle because of the coronavirus…

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Friday, April 17, 2020, in Washington.

Ice T is seen on set of ‘Law and Order: Special Victims Unit’ on March 06, 2020 in New York City. Jose Perez/Bauer-Griffin After months of production shutdowns, Hollywood is eager to get the cameras rolling again.

The Slack Technologies application is displayed on an Apple iPhone in an arranged photograph taken in Arlington, Virginia, on Monday, April 29, 2019. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading on Friday:

A pedestrian wearing a mask walks past a Brooks Brothers storefront closed during the COVID-19 crisis on May 06, 2020 in Vancouver, Canada. Andrew Chin | Getty Images Brooks Brothers is talking to banks about raising financing for a potential bankruptcy that could come as soon as July, as the coronavirus pandemic squeezes the sales…

U.S. President Donald Trump makes a statement to reporters about reopening churches across the United States during the coronavirus disease (COVID-19) pandemic in the Brady Press Briefing Room at the White House in Washington, May 22, 2020.

CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties Mall owner CBL & Associates said Friday that its ability to continue as a going concern is in doubt after the retailers in its properties skipped rent payments during the Covid-19 crisis, forcing CBL to miss its own interest payment.

Following a blowout jobs report, Vice President Mike Pence told CNBC on Friday that the Trump administration will have more “good faith” discussions with Democrats about coronavirus relief. “Those discussions are ongoing,” Pence said when asked on CNBC’s “Squawk on the Street” if the surprisingly strong economic numbers foreclosed the need to negotiate with Democrats…

Wall Street and New York Stock Exchange in New York. Alexander Spatari The stock market has defied gravity in recent weeks, rebounding nearly as quickly as it sold off amid the coronavirus pandemic. The threat of another steep decline is omnipresent. But stock investors shouldn’t be concerned, experts say.

Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3% according to data Friday from the Labor Department that was far better than economists had been expecting and indicated that an economic turnaround could be close at hand.

Heidi Gutman | CNBC Barry Diller, chairman of Expedia and digital media group IAC, told CNBC on Friday the two companies will no longer provide earnings guidance.  “Guidance is a bad business. We’re out. We’re not doing it anymore,” the billionaire businessman told “Squawk Box.”

The right-wing populist Vox party is calling for the resignation of the left-wing government on May 23, 2020 in Madrid, Spain. DeFodi Images An uneven recovery in Europe could prop up populist rhetoric and anti-EU sentiment, political experts and economists said, despite major fiscal stimulus programs in the region.

The sun sets behind the Statue of Liberty as it is partially obscured by heat waves from the exhaust of a passing ferry on May 31, 2020 in New York City. Gary Hershorn | Getty Images The Earth had its hottest May ever last month, continuing an unrelenting climate change trend as 2020 is set…