Photo: Noam Galai/WireImage

Barnes & Noble announced Tuesday that it has terminated its CEO, Demos Parneros, for violating company policies.

The details: In a statement, the bookstore chain didn’t specify what policies Parneros violated, but it pointed out that his termination "is not due to any disagreement with the Company regarding its financial reporting, policies or practices or any potential fraud relating thereto." The company added that it will soon begin its search for a new CEO.

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Ben Geman, author of Generate
13 mins ago - Economy & Business

GM dives full-throttle into electric

GMC Hummer EV. Photo courtesy of General Motors

What has LeBron James as a pitchman, some slightly awkward promotional phrasing ("watts to freedom"), and a six-figure starting price? The electric GMC Hummer.

Driving the news: General Motors unveiled the vehicle — a reborn version of the deceased mega-guzzler — with a highly produced rollout Tuesday night that included a World Series spot. The company also began taking reservations.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

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Dion Rabouin, author of Markets
2 hours ago - Economy & Business

CEO confidence skyrockets on expectations of layoffs and wage cuts

U.S. consumers remain uncertain about the economic environment but CEOs are feeling incredibly confident, the latest survey from the Conference Board shows.

Why it matters: Confidence among chief executives jumped 19 points from its last reading in July, rising above the 50-point threshold that reflects more positive than negative responses for the first time since 2018.