Incoming chief executive will be expected to deliver on the money-losing retailer’s plan for a digital makeover. Source
Author Archives: Stonecom Interactive
Biden arrives in Europe for first foreign trip as president
The White House says he’ll focus on America’s commitment to rallying world democracies. He also has a summit with Russian President Vladimir Putin on tap. Source
Biden administration buys 500 million Pfizer doses for global use
The doses will be distributed this year and in 2022 and will be given to 92 countries, according to a source familiar with the vaccine purchase. Source
WorldView: Shooting at Afghanistan mine clearing organization; El Chapo’s wife to plead guilty
A London police officer pleaded guilty to kidnapping and rape in the high-profile disappearance of Sarah Everard, and El Chapo’s wife is set to plead guilty this week. El Salvador approved Bitcoin as legal tender. Ian Lee joins CBSN AM from London with these and other headlines from around the world. Source
Beech-Nut recalls infant rice cereal over arsenic concerns
Baby food maker will also stop selling rice cereal because of difficulty meeting FDA limits on “heavy metals.” Source
New York’s AG shuts down crypto app, claiming illegal trades
James alleged the cryptocurrency trading app was operating illegally in New York. Coinseed CEO: I’m the victim here. Source
Biden heads to Europe for G7 summit
President Biden is making his first international trip since taking office, traveling to Europe for the G7 summit and a meeting with Russian President Vladimir Putin. CBS News’ Skyler Henry reports on the president’s plans, and then Scott Lucas, editor of EA WorldView, professor emeritus at the University of Birmingham and and associate at the Clinton Institute at University College Dublin, joins CBSN’s Tanya Rivero with more on what to expect. Source
Why the richest people in America have a lower “true tax rate” than the rest of us
A new ProPublica analysis of tax data on multibillionaires comes to the conclusion that the richest 25 people in the U.S. have a “true tax rate” of almost nothing. Source
How the 25 wealthiest Americans can pay little to no federal income taxes
Nonprofit investigative journalism organization ProPublica obtained never-before-seen IRS information and found the 25 richest Americans sometimes paid little or no federal income taxes. That includes Warren Buffett, Elon Musk, Michael Bloomberg and Jeff Bezos, the richest person in America. CBS News correspondent Elise Preston reports on reaction to the report, and Robert McClelland, a senior fellow with the Tax Policy Center, joined CBSN to discuss. Source
Wife of notorious drug kingpin “El Chapo” expected to plead guilty
CBS News has confirmed that Emma Coronel Aispuro, the wife of drug cartel kingpin Joaquin “El Chapo” Guzman, will plead guilty to drug-related charges. Legal experts speculate she might provide information to prosecutors about the cartel’s operations. Nikki Battiste reports. Source