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Robinhood reveals new investigation on the eve of its blockbuster IPO
Kimberly White/Getty Images for Robinhood

Robinhood reveals new investigation on the eve of its blockbuster IPO

Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, the online trading platform announced Tuesday. News of the probe comes more than five months after CNN Business reported that Tenev, the public face of Robinhood, is not registered with FINRA, short for the Financial Industry…

How right-wing networks covered the January 6 hearing after months of soft-pedaling the Capitol attack
Brendan Smialowski/AP

How right-wing networks covered the January 6 hearing after months of soft-pedaling the Capitol attack

While viewers of other TV channels heard House Democrats denouncing the “whitewashing” of the January 6 attack, One America News viewers witnessed the whitewashing first-hand. On OAN, Tuesday’s select committee hearing about the insurrection barely happened at all. The channel’s poorly-produced programs avoided the substance of the hearing; slipped in several factual mistakes; and promoted…

US sells one-of-a-kind copy of Wu-Tang Clan album seized from ‘Pharma Bro’ Martin Shkreli
Peter Foley/Bloomberg/Getty Images

US sells one-of-a-kind copy of Wu-Tang Clan album seized from ‘Pharma Bro’ Martin Shkreli

The United States has sold the only physical copy ever made of the Wu-Tang Clan album “Once Upon a Time in Shaolin” after federal authorities seized it from former pharmaceutical executive Martin Shkreli, who was convicted of fraud in 2017. The Justice Department did not disclose who bought the album or how much they paid…

Tesla just had a very good quarter. Wall Street is not impressed
Win McNamee/Getty Images

Tesla just had a very good quarter. Wall Street is not impressed

The last time Tesla reported quarterly earnings this far above Wall Street expectations, in October of 2019, it started the stock on one of the most incredible bull runs ever. Not this time. Shares of Tesla were down 3% in early afternoon trading Tuesday, despite a strong second quarter that blew away Wall Street forecasts…

These are the industries where jobs still haven’t returned
Spencer Platt/Getty Images

These are the industries where jobs still haven’t returned

Job growth is outpacing economists’ expectations, and there’s still a long way — and 6.8 million jobs — to go before the nation’s labor market returns to levels seen before Covid-19. Economic recoveries, however, are not created equal, especially during a global pandemic that significantly altered the employment landscape. Many businesses have reopened since vaccine…

Higher prices could be here to stay if the Fed doesn’t act soon
Win McNamee/Getty Images

Higher prices could be here to stay if the Fed doesn’t act soon

Back in March, people were freaking out about rising long-term interest rates and inflation fears. But now the 10-year US Treasury yield has fallen back again. Does this mean: So much for inflation worries? Maybe higher prices are in fact, to cite Federal Reserve chair Jerome Powell’s favorite word, transitory after all? Not so fast.…

There’s a jet fuel shortage at some US airports
Joe Raedle/Getty Images

There’s a jet fuel shortage at some US airports

The seats are full on most planes, but in some cases, the fuel tanks are not. At several western US airports, there’s not enough jet fuel to meet the increased demand for leisure travel. That could end up causing some flights to be canceled or force airlines to make extra stops to fuel up on…

Campbell’s soup cans get first redesign in 50 years
Campbell Soup Company

Campbell’s soup cans get first redesign in 50 years

The labels on Campbell’s soup cans are getting their first redesign in about 50 years. Eagled-eyed customers will notice that the famed red and white design remains, but the Campbell’s logo is receiving a “modernized logo scripture,” which includes eliminating the shadow and a slightly changed font that is based on founder Joseph Campbell’s original…

Vaccine shortage holds back developing world as rich economies roar ahead
Sanchit Khanna/Hindustan Times/Getty Images

Vaccine shortage holds back developing world as rich economies roar ahead

The economic outlook for rich countries is getting better while developing economies are falling behind. That’s according to the latest forecast from the International Monetary Fund. The organization on Tuesday confirmed its prediction that the global economy will expand by 6% this year. But while growth estimates for countries like the United States, the United…

How Tesla made more than $1 billion
David Paul Morris/Bloomberg/Getty Images

How Tesla made more than $1 billion

Tesla is making strides in its transformation from scrappy upstart to mature carmaker. And it has the numbers to prove it. What’s happening: The electric vehicle company netted a record $1.1 billion in profit during the second quarter. That’s more than double the $438 million it made in the first quarter, and more than 10…

Meituan, Tencent and Alibaba just lost hundreds of billions of dollars in market value
Yan Cong/Bloomberg/Getty Images

Meituan, Tencent and Alibaba just lost hundreds of billions of dollars in market value

Chinese tech stocks keep getting slammed with a stunningly massive sell-off that has wiped out hundreds of billions of dollars in market value as investors continue to digest Beijing’s widening crackdown on private enterprise. Meituan closed down 17.7% in Hong Kong on Tuesday, eclipsing Monday’s massive 14% loss — making it the food delivery firm’s…

More than 140 business leaders urge lawmakers to pass infrastructure bill
J. Scott Applewhite/AP/FILE

More than 140 business leaders urge lawmakers to pass infrastructure bill

Dozens of business leaders, including the CEOs of BlackRock, United Airlines and Macy’s, called on lawmakers Monday to swiftly enact the $1.2 trillion bipartisan infrastructure bill that is stalled in Congress. More than 140 executives signed the public letter to congressional leaders expressing strong support for the bipartisan infrastructure framework, calling it a “long awaited…

Shrinkflation is the fad diet no one needs

Shrinkflation is the fad diet no one needs

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In today’s business news: Yes, your cereal boxes are shrinking; a $30 billion insurance merger gets called off; and Philip Morris wants to ban cigarettes in the UK. SHRINKFLATION NATION Forget…

Amazon posted a crypto job. Bitcoin surged 14%
Shutterstock

Amazon posted a crypto job. Bitcoin surged 14%

Amazon listed a job opening for a digital currency and blockchain product lead, sending cryptocurrencies soaring Monday. Bitcoin climbed to a six-week high of nearly $39,043, while ethereum reached $2,363. Dogecoin was last trading at about 22 cents per coin, giving it a $28.8 billion market cap. As of Monday afternoon, both bitcoin and dogecoin…

A surprising tech company could be next to join the Dow
Shutterstock

A surprising tech company could be next to join the Dow

Chip giant Nvidia is the ninth-most valuable company in the S&P 500. With a market capitalization of almost $500 billion, the company is now worth nearly as much as semiconductor rivals Intel, Advanced Micro Devices and Qualcomm — combined. Could Nvidia soon wind up listed on the venerable Dow, too? There’s a strong case to…

Justice Department opposition kills major insurance merger
Mandel Ngan/AP

Justice Department opposition kills major insurance merger

A proposed $30 billion insurance industry merger is off, one month after the Justice Department’s antitrust regulators sued to block it. It’s another sign of the tough stance the Biden administration is taking against corporate deal-making. The deal between Aon, which is incorporated in England and Wales, and Ireland-based Willis Towers Watson, was announced in…

Goldman Sachs slashes US economic growth forecast over weaker spending on services
Eva Marie Uzcategui/Bloomberg/Getty Images

Goldman Sachs slashes US economic growth forecast over weaker spending on services

Goldman Sachs slashed its forecast for US economic activity in the second half of the year, pointing to sluggish consumer spending on services as well as the threats posed by the Covid-19 Delta variant. During the pandemic and the start of the recovery, Americans spent big on goods: Used car prices soared, as did prices…

Philip Morris wants cigarettes banned in the UK by 2030
Simon Dawson/Bloomberg/Getty Images

Philip Morris wants cigarettes banned in the UK by 2030

Philip Morris International says it will stop selling Marlboro cigarettes in Britain within a decade as it called on the UK government to ban the sale of its tobacco products. The remarks come amid dwindling smoker numbers in the United Kingdom — where cigarettes have been sold in plain packaging since 2016 — and a…

China’s private education firms are the latest targets of Beijing’s crackdown
Nelson Ching/Bloomberg/Getty Images

China’s private education firms are the latest targets of Beijing’s crackdown

Chinese officials are turning their crackdown on private business to yet another industry: education. A slew of big Chinese education and private tutoring companies are reeling from new rules barring them from turning a profit or raising funding on stock markets, with some warning that the regulations will hurt their business. The new rules, published…

Carl Bernstein: Trump is a ‘war criminal’
CNN

Carl Bernstein: Trump is a ‘war criminal’

Veteran journalist and author Carl Bernstein called former President Donald Trump a “war criminal” on “Reliable Sources” Sunday. “I think we need to calmly step back and maybe look at Trump in a different context,” Bernstein told CNN’s chief media correspondent Brian Stelter, adding that Trump is “our own American war criminal.” Bernstein’s comments come…