Read CNN Business’ last interview with Madoff
Editor’s note: This story was originally published on May 16, 2013 and has been updated with Madoff’s death. Bernard Madoff once had billions of dollars, but in the last years of his life, he made $40 a month doing menial prison labor. The mastermind behind the largest Ponzi scheme in US history died at 82…… MORE
How to invest in bitcoin if you’re afraid of buying bitcoin
Coinbase Global is going public through a direct listing Wednesday, becoming the first cryptocurrency exchange on the stock market. The timing isn’t coincidental: Bitcoin has doubled in value this year, surging to a record high above $62,000, as cryptocurrencies have become more widely embraced by mainstream investors. For those adverse to the volatility and risk…… MORE
Bernie Madoff, infamous Ponzi schemer, has died
Bernard Madoff, whose name became synonymous with financial fraud, died while serving a 150-year sentence in Federal Prison. He was 82 years old. His death Wednesday at the Federal Medical Center in the prison in Butner, North Carolina, was confirmed by the US Bureau of Prisons. A cause of death was not released. In February…… MORE
‘Insecure’ star Issa Rae is helping PepsiCo’s LIFEWTR brand find the next Issa Rae
“Insecure” star Jo-Issa Rae Diop, better known as Issa Rae, is a big believer in amplifying creative voices and paying her blessings forward. Less than a month after signing an eight-figure production deal with HBO’s parent company WarnerMedia, the 36-year-old actress and producer is partnering with PepsiCo’s bottled water brand LIFEWTR on its new “Life…… MORE
Coinbase goes public with a nearly $100 billion valuation
Cryptocurrency exchange Coinbase Global finally went public Wednesday afternoon at a valuation of nearly $100 billion, as the company takes advantage of surging demand (and prices) for bitcoin, ethereum and other digital currencies. Coinbase shares began trading at $381 a share, a more than 50% jump from the reference price for its stock of $250…… MORE
How Johnson & Johnson’s vaccine pause could slow the economic recovery
Economic turnaround hopes are strongly tied to the vaccine rollout around the globe — so a new concern over the Johnson & Johnson Covid-19 vaccine was just about the last thing the recovery needed. US regulators recommended pausing the use of J&J’s one-dose shot in the United States, and the company temporarily stopped usage of…… MORE
Amazon, Google, GM, Starbucks and hundreds of companies join to oppose voting restrictions
Hundreds of prominent executives from high-profile companies, including Amazon, Google, BlackRock and Starbucks, signed a statement that opposes discriminatory legislation that makes voting harder. The statement, printed Wednesday in an advertisement in the New York Times, was organized by Ken Chenault and Ken Frazier, two of America’s most prominent Black corporate leaders. The statement called…… MORE
‘It’s a tragedy.’ French winemakers face devastation after worst weather in 30 years
One of France’s biggest export industries is facing a devastating blow after an unusually severe frost earlier this month damaged vineyards across the country, heaping pain on winemakers already reeling from the pandemic and US tariffs. The frost has affected 80% of vineyards in France’s primary wine growing areas, according to the European Committee of…… MORE
Why Wall Street is so excited about bank stocks
For years, Wall Street turned up its nose at America’s bank stocks. Now, the sector is getting tons of love as investors eye the economic recovery, which is set to benefit big lenders. What’s happening: The KBW Bank Index has jumped almost 25% this year, while the broader S&P 500 has risen 10%. And analysts…… MORE
W. Galen Weston, billionaire and ‘retail visionary,’ is dead at 80
W. Galen Weston, the patriarch of a retail and food empire that spans the Atlantic, has died at 80. Weston’s family announced his death on Tuesday, saying in a statement that he died “peacefully at home after a long illness faced with courage and dignity.” The retail magnate was one of Canada’s wealthiest people, having…… MORE
