One of Nike's top executives is stepping down over misconduct allegations. Brand president Trevor Edwards will resign from his position immediately but will stay on with the company through August. It was not immediately clear what sort of misconduct Edwards had engaged in. Nike sent an internal memo to employees saying it had received reports of behavior that was not in line with the company values of inclusivity, respect, and empowerment. Edwards, who's been with the company since 1992, was seen as a potential successor to the current CEO Mark Parker.
Airbnb is making it easier for people with disabilities to find rentals on its platform. The company is introducing 21 new filters that allow customers to search for homes with features like a step-free entry to the house, rooms with wide doorways, or roll-in showers with chairs. Before, customers were only able to search for wheelchair accessible rentals.
We dive into the Theranos fraud scandal with the Wall Street Journal reporter who initially reported that something was off with the start-up blood testing company. The SEC recently charged former CEO and founder Elizabeth Holmes with massive fraud, and as a result, she will have to pay a $500,000 fine and is unable to serve as CEO or director of any publicly traded company for the next decade.John Carreyrou says he's surprised charges weren't brought against Holmes sooner.
And Tim Stenovec chats with Neil Patrick Harris about season two of his Netflix show "A Series of Unfortunate Events." Harris plays the evil Count Olaf in the show, which is planning to wrap up after season three. Even though binge-watching is tempting, Harris encourages people to not power through the episodes of his show.
Apple has rolled out an update to its operating system this week with a feature called Stolen Device Protection. It makes it a lot harder for phone thieves to access key functions and settings, and users are being urged to turn it on immediately.
The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and frustrating price levels.
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
