Category Archives: CNN – Business

It’s not just groceries. Why clothing is important to Walmart

Walmart is known for its massive superstores that sell everything from groceries to electronics. Now, it’s trying to boost its reputation in fashion. The company is launching a new in-house clothing brand called Free Assembly. The 55 piece collection ranges from $9 to $45 and will sell online and in 250 Walmart stores. In a…MORE

Robert Gore, inventor of waterproof outerwear Gore-Tex, dies at 83

Robert Gore, inventor of waterproof outerwear Gore-Tex, dies at 83

Robert W. Gore, inventor of the technology that spawned the waterproof Gore-Tex fabric, died Thursday, according to the family company, W. L. Gore & Associates. Gore, commonly known as “Bob,” was 83 years old, the company said. Gore is best known for his 1969 discovery of “a versatile new polymer form, expanded polytetrafluoroethylene (ePTFE),” the…MORE

Former PepsiCo CEO Donald Kendall has died

Former PepsiCo CEO Donald Kendall has died. He was 99. PepsiCo confirmed his death on a memorial page, which indicates he served as the CEO of both Pepsi-Cola and PepsiCo for 23 years. The company said he retired in 1986, but was “a trusted advisor and advocate for PepsiCo leaders, serving the company a total…MORE

More new stocks, please! Companies are rushing to IPO before the election

More new stocks, please! Companies are rushing to IPO before the election

With the presidential election looming and uncertainty growing about what will happen to the stock market and economy after that, private companies are racing to make their debuts on Wall Street. The sizzling initial public offerings of cloud companies Snowflake and JFrog this week, as well as Friday’s debut of gaming tools developer Unity Software,…MORE

1619 Project creator: Federal government does not set curricula for schools

1619 Project creator: Federal government does not set curricula for schools

President Donald Trump wants to have a say in the curricula for young children in America, but the 1619 Project director Nikole Hannah-Jones wants to remind people that the federal government does not set school curricula. At a rally on Saturday, Trump announced that he wants a proposed TikTok deal to include the creation of…MORE

Stocks fall as investors grapple with Fed’s recovery timeline

Stocks fall as investors grapple with Fed’s recovery timeline

Wall Street was struggling on Thursday, torn between improving economic data and a Federal Reserve that said the path to recovery would be very long. Stocks took a nosedive at the opening bell and fought back from their lows, before finding themselves deep in the red again around midday. The Dow, which even briefly turned…MORE