Scarlett Johansson is suing Disney over ‘Black Widow’ Disney+ release
One of Marvel’s biggest stars is suing Disney. Actress Scarlett Johansson filed a lawsuit in Los Angeles Superior Court on Thursday that alleges Disney breached her contract by releasing the highly anticipated superhero film “Black Widow” on its streaming service, Disney+. The film was released simultaneously on the service and in theaters, which the suit…… MORE
Goldman Sachs draws a line in the sand on employee vaccination
All eyes are on Wall Street as the Covid-19 Delta variant continues to spread and Corporate America starts rolling out vaccination policies. And although there’s talk of banks requiring employees to show proof of vaccination, Goldman Sachs has drawn its line in the sand. The investment bank is barring employees from using their ID cards…… MORE
Robinhood stumbles in Wall Street debut
Wall Street didn’t exactly roll out the red carpet to welcome Robinhood after its highly anticipated debut. The fast-growing trading company finished Thursday at $34.82, down 8% from its initial public offering price. Robinhood failed to score the first-day pop that new companies covet. And that’s despite Robinhood pricing its IPO at $38, the low…… MORE
Many ‘apes’ on Reddit are sitting out the Robinhood IPO
Robinhood’s initial public offering is arguably the most eagerly awaited of the year. But according to commentary on Reddit, it’s one of the least popular for some traders. There appear to be a lot of angry individual investors — the so-called apes of Reddit — who want nothing to do with the company or the…… MORE
Danny Meyer: If you want to be unvaccinated, ‘you can dine somewhere else’
Danny Meyer, restaurateur and CEO of Union Square Hospitality Group, is requiring his employees and all customers at his restaurants to prove that they’ve been vaccinated against Covid-19. “If you really want to go unvaccinated, you can dine somewhere else, and you can also go work somewhere else,” Meyer told CNN’s Poppy Harlow Thursday. “I…… MORE
CEO Vlad Tenev on why now is the right time for Robinhood’s IPO
Online trading platform Robinhood was set to make its highly anticipated Wall Street debut on Thursday, even as the eight-year-old company faces intense regulatory scrutiny and public-relations headaches. Even six months after GameStop trading frenzy, Robinhood is still dealing with blowback from its role in the saga, in which the app suspended trading on popular…… MORE
Nikola founder Trevor Milton is indicted for allegedly lying about ‘nearly all aspects of the business’
Nikola founder Trevor Milton faces federal charges of lying to investors, according to an indictment unsealed in New York on Thursday. The indictment alleges that from November 2019 through September 2020, Milton made false and misleading statements about “nearly all aspects of the business” of developing electric and hydrogen-powered trucks. Milton was taken into custody…… MORE
McDonald’s replaces BTS with Saweetie for its next celebrity meal
McDonald’s is partnering with hip-hop artist Saweetie for the newest in a series of celebrity collaboration meals that’s boosted the fast-food chain’s sales. Beginning August 9, the “Saweetie Meal” goes on sale in the US and includes a Big Mac, four-piece Chicken McNuggets, medium fries, a medium Sprite and BBQ sauce that’s being renamed “Saweetie…… MORE
How the business community can help protect voting rights
Earlier this month, the Supreme Court ruled that two restrictive provisions in an Arizona voting law could remain in place. It’s a disheartening development in the ongoing voting rights battle waging across the country. Not only does the decision weaken the Voting Rights Act by making it harder to challenge racially discriminatory voting policies, but…… MORE
US economy just posted the largest jump in growth since 2020
The US economy in the second quarter expanded at a slower rate than expected but still at its fastest pace since last fall, growing at a seasonally adjusted, annualized rate of 6.5%. In terms of real gross domestic product — the broadest measure of economic activity — the economy has now recovered in that has…… MORE
