Richard Branson lands safely after rocketing to outer space
Richard Branson became the first person to ride into space aboard a rocket he helped fund. The supersonic space plane developed by his company,…
Continue ReadingMoney
Newsrooms will shape how the world sees the billionaire space race
By Alexis Benveniste, CNN Business Richard Branson became the first billionaire to reach suborbital flight in his own rocket-powered plane Sunday,…
Continue Reading See moment Branson rockets into space
Watch video from Virgin Galactic showing Richard Branson’s space plane’s engine ignite sending the billionaire into outer space. CNN’s Kristin Fisher…
Continue Reading Black-owned restaurants are finding a lifeline in food trucks and ghost kitchens
By Chauncey Alcorn, CNN Business As business dried up during Covid-19 lockdowns last year, many restaurants fell behind on rent and had to lay off…
Continue Reading See moment Branson rockets into space
Watch video from Virgin Galactic showing Richard Branson’s space plane’s engine ignite sending the billionaire into outer space. CNN’s Kristin Fisher…
Continue Reading Virgin Galactic founder Richard Branson successfully rockets to outer space
By Jackie Wattles, CNN Business Richard Branson became the first person to ride into space aboard a rocket he helped fund. The supersonic space plane…
Continue Reading ‘Black Widow’ is a big hit in theaters and on Disney+
By Frank Pallotta, CNN Business Marvel saved the day again. And this time it was in theaters and on Disney+. “Black Widow,” the latest…
Continue Reading Inflation is rising but the reasons why are changing
By Anneken Tappe and Hanna Ziady, CNN Business Americans have witnessed some wild price hikes over the past few months. Shortages and supply chain…
Continue Reading Insider trading charges filed over Long Island Iced Tea’s blockchain ‘pivot’
By Matt Egan, CNN Business As the bitcoin craze took off in 2017, a Long Island iced tea company sent its share price spiking as much as 380% merely…
Continue Reading Engagement ring sales soar as Americans recover from the pandemic
By Alexis Benveniste, CNN Business The wedding industry is rebounding as the United States recovers from the pandemic. And with glimmers of normality…
Continue Reading Here are just some of Richard Branson’s near-death experiences ahead of his first space flight
By Chris Isidore, CNN Business Richard Branson, the billionaire entrepreneur who is set to take a test flight on his Virgin Galactic spaceship to the…
Continue Reading Billionaires race to be first in space
CNN’s Rachel Crane looks at the race between billionaires Jeff Bezos and Richard Branson to be the first in…
Continue Reading Twitter is a mess in India. Here’s how it got there
By Diksha Madhok, CNN Business Twitter is going through an extraordinarily tough year in India. But the company’s response to the turmoil has…
Continue Reading ‘News for the Rich, White and Blue’: New book argues that chasing subscription dollars is bad for journalism
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Everything you need to know about Richard Branson going to space
By Jackie Wattles, CNN Business Richard Branson has boldly gone where no space baron has gone before, when he rocketed to more than 50 miles above…
Continue Reading Richard Branson on space flight: I’m going to enjoy every second
Virgin Galactic founder Richard Branson will travel to space on a rocket-powered plane. CNN’s Rachel Crane reports from New Mexico where the launch…
Continue Reading Iceland’s shorter work week trials deemed a success
Public sector employees taking part in two large trials between 2015 and 2019 worked 35-36 hours per week, with no reduction in pay. CNN’s Clare…
Continue Reading US stocks set new records as Delta variant worries remain
By Anneken Tappe, CNN Business US stocks rallied to record highs on Friday, rebounding from Thursday’s selloff. The Dow closed 1.3% higher, or…
Continue Reading Why Marvel’s ‘Black Widow’ is a major moment for Disney+ and movie theaters
By Frank Pallotta, CNN Business Superhero fans have longed to hear it: A new Marvel movie is being released this weekend. And this one won’t…
Continue Reading This is one of the best ways to get tax-free retirement savings
By Jeanne Sahadi, CNN Business Of all the tax advantaged ways to save for retirement, the Roth IRA is one of the best. Though you don’t get a…
Continue Reading Italy defeat Spain on penalties to move onto the Euro 2020 final
Italy defeated Spain on penalties in the first semifinal of Euro 2020 to move onto the final where they await the winner of England vs.…
Continue Reading Goldman Sachs bets England will beat Italy this weekend, but…
By Paul R. La Monica, CNN Business Here’s some good news for long-suffering fans of England’s football (aka soccer) team. Goldman Sachs…
Continue Reading Wells Fargo is closing all personal lines of credit
Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from consumers and…
Continue Reading Automakers are tech companies now
By Charles Riley, CNN Business The world’s biggest automakers don’t have much in common with tech companies. Volkswagen and General…
Continue Reading Apple co-founder Steve Wozniak: ‘It’s time to recognize the right to repair’
By Michelle Toh, CNN Business Woz is throwing his weight behind the “right to repair” movement. Apple co-founder Steve Wozniak, known in…
Continue Reading Richard Branson says he isn’t in a race with Jeff Bezos. But, like, come on
By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your…
Continue Reading Olympics 2021: NBC faces ‘hell of a challenge’ producing Tokyo Games after spectators are barred from competitions
By Oliver Darcy, CNN Business NBC was presented with a new challenge producing the 2021 Olympic Games on Thursday after organizers said that…
Continue Reading Fans banned from Olympics as Japan declares COVID state of emergency
Fans were banned from the pandemic-postponed Tokyo Olympics which will open in two weeks, following a state of emergency on Thursday, Olympic…
Continue Reading Wells Fargo shuts down all personal lines of credit, sparking outrage
By Allison Morrow and Matt Egan, CNN Business Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from…
Continue Reading Microsoft’s Windows security flaw is a big deal. Here’s what you can do about it
By Samantha Murphy Kelly, CNN Business Microsoft’s latest security vulnerability could have a lingering impact both on consumers and businesses…
Continue Reading Instacart names Facebook exec Fidji Simo as CEO
By Sara Ashley O’Brien, CNN Business Instacart has tapped one of the top female executives from Facebook to be its next CEO ahead of a possible…
Continue Reading Restaurant workers are quitting in droves. That might not change anytime soon
By Danielle Wiener-Bronner, CNN Business Restaurant workers are calling it quits just as people are starting to dine out again and restaurants rush…
Continue Reading Gas prices are high. Here’s why
People are traveling more but oil supply hasn’t caught up with demand. CNN’s Matt Egan explains why the BIden administration needs to focus on energy…
Continue Reading Gas prices are above $3. Biden doesn’t have a magic wand to fix that
By Matt Egan, CNN Business President Joe Biden is being attacked for $3 gasoline. But the truth is the White House isn’t to blame for high gas…
Continue Reading Why it’s so difficult to bring ransomware attackers to justice
By Rishi Iyengar, CNN Business An incident takes place. Law enforcement investigates. A culprit is identified, apprehended and prosecuted.…
Continue Reading The anatomy of a ransomware attack
A threatening voicemail, research into company executives and finances, even step-by-step guides to using cryptocurrency. These are some of the…
Continue Reading Subway is making the biggest menu change in its history
By Danielle Wiener-Bronner, CNN Business After years of declining sales, Subway is hoping to reintroduce itself to customers and convince them to…
Continue Reading Billionaires race to be first in space
CNN’s Rachel Crane looks at the race between billionaires Jeff Bezos and Richard Branson to be the first in…
Continue Reading It’s time to end the 40-hour workweek
By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your…
Continue Reading Here’s why car prices are so high, and why that matters
By Chris Isidore, CNN Business Maybe America’s key inflation metric, the Consumer Price Index, should be redubbed the Car Price Index. CPI…
Continue Reading CDC: Cases rise 10% due to “Hypertransmissible” variant
CNN’s Harry Enten discusses the recent rise in coronavirus cases due to the spread of the Delta…
Continue Reading The US needs construction workers
A labor shortage in the construction industry means some companies are turning down projects. CNN’s Vanessa Yurkevich…
Continue Reading Microsoft urges Windows users to install update
Microsoft is urging Windows users to immediately install an update after security researchers found a serious vulnerability in the operating…
Continue Reading The Minnesota Fed is requiring all of its employees to be fully vaccinated
By Alexis Benveniste, CNN Business The Federal Reserve Bank of Minneapolis is requiring all current employees to be fully vaccinated against Covid-19…
Continue Reading EU fines German carmakers for colluding on emissions
The European Commission has fined Volkswagen Group and BMW $1 billion for colluding with Daimler to hold back the development of technology that…
Continue Reading Bond yields plummet as Covid anxiety grips markets again
By Paul R. La Monica, CNN Business Worries about inflation are yesterday’s news. Investors suddenly have renewed fears about another spike in…
Continue Reading Stocks tumble as concerns grow over Delta variant
Wall Street is worried the global economic rebound could be slowing. CNN’s Christine Romans…
Continue Reading Volkswagen and BMW fined $1 billion for running emissions cartel
By Hanna Ziady, CNN Business The European Commission has fined Volkswagen Group and BMW $1 billion for colluding with Daimler to hold back the…
Continue Reading Covid destroyed 22 million jobs in rich countries
By Hanna Ziady, CNN Business The coronavirus pandemic has destroyed 22 million jobs in wealthy countries, according to the Organization for Economic…
Continue Reading The SEC should investigate the Didi IPO fiasco, US senator says
By Matt Egan, CNN Business Democratic Senator Chris Van Hollen called on US financial regulators to probe the disastrous IPO of Chinese ride-hailing…
Continue Reading Central banks can’t get enough stimulus
By Charles Riley, CNN Business The European Central Bank has unveiled a new strategy following an 18-month review that could provide policymakers…
Continue Reading America desperately needs 1 million more construction workers
By Vanessa Yurkevich, CNN Business Matthew Messer hauls solar panels on the roof of a home in Long Island, New York, hoisting them one by one in the…
Continue Reading Dow tumbles as Delta variant fears grip Wall Street
By David Goldman, CNN Business US stocks tumbled Thursday as investors grew fearful that the electric global economic rebound could be slowing. While…
Continue Reading Chinese tech stocks roiled by worsening crackdown
By Laura He, CNN Business China is not slowing down with its historic tech crackdown. After hitting at ride-hailing company Didi once the firm went…
Continue Reading ‘Black Widow’ finally gets her own movie
Scarlett Johansson stars in the long-awaited stand-alone film that shows us more of the Avenger’s past. David Daniel talked with the star about the…
Continue Reading Marvel’s long-awaited release of ‘Black Widow’ is a triumphant moment for the movie industry
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Cooper: Ignoring Trump, as tempting as it may be, isn’t option
Former President Donald Trump filed proposed class-action lawsuits targeting Facebook and its CEO Mark Zuckerberg and Twitter and its CEO Jack…
Continue Reading The Gates Foundation has a plan for when Bill and Melinda realize working with your ex sucks
By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your…
Continue Reading Dozens of states are suing Google over app store practices
By Brian Fung, CNN Business Dozens of states have filed an antitrust lawsuit against Google that zeroes in on its app store practices. The suit…
Continue Reading Fort Lauderdale accepts proposal for Elon Musk’s Tesla beach tunnel
By Matt McFarland, CNN Business Fort Lauderdale, Florida plans to strike a deal with Elon Musk‘s The Boring Company to build a tunnel between…
Continue Reading Exclusive: China just gave a big F-U to America, hedge fund manager says
By Matt Egan, CNN Business Kyle Bass, the hedge fund manager and outspoken critic of Beijing, says the timing of China’s crackdown on…
Continue Reading Theme park stocks are on fire as the summer heats up
By Paul R. La Monica, CNN Business It’s been something of a roller coaster ride for the stock market and economy during the past year because…
Continue Reading This national park is turning away visitors due to overcrowding
An influx of visitors is forcing Arches National Park in Utah to temporarily shut its gates almost daily. And disappointed visitors aren’t the only…
Continue Reading Inside ‘Bloomies,’ Bloomingdales’ new concept store
By Moira Ritter, CNN Business Bloomingdale’s may need to stock up on little brown bags. The luxury department chain announced Wednesday that it…
Continue Reading Trump is suing Mark Zuckerberg and Jack Dorsey. Here’s why they shouldn’t worry
By Clare Duffy and Brian Fung, CNN Business Former President Donald Trump on Wednesday filed proposed class-action lawsuits targeting Facebook and…
Continue Reading Bill Gates could oust Melinda French Gates from their foundation in 2023
By Allison Morrow, CNN Business Bill Gates and Melinda French Gates are giving themselves a two-year trial period to see if they can co-parent the…
Continue Reading Richard Branson is taking a big risk going to space
By Jackie Wattles, CNN Business Richard Branson will take a rocket-powered space plane on a 2,400 mile-per-hour ride to the edge of space this…
Continue Reading Microsoft issues urgent security warning: Update your PC immediately
By Jordan Valinsky, CNN Business Microsoft is urging Windows users to immediately install an update after security researchers found a serious…
Continue Reading Didi’s IPO was a disaster. Here’s why Chinese companies keep listing in the US
By Charles Riley, CNN Business Talk about buyer’s remorse. On Tuesday, shares in Didi crashed 20% after Chinese authorities opened an…
Continue Reading WeChat deletes dozens of university LGBT accounts in China
By Nectar Gan and Yong Xiong, CNN Business WeChat has deleted more than a dozen LGBT accounts run by university students, sparking fears that safe…
Continue Reading The Ever Given is finally leaving the Suez Canal
By Hanna Ziady, CNN Business The Ever Given has begun its journey out of the Suez Canal more than three months after it ran aground, clogging up one…
Continue Reading ESPN attempts to contain controversy embroiling the network as NBA Finals get underway
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading ESPN removes reporter from NBA Finals sideline role after leaked call
ESPN removed Rachel Nichols from her role as the sideline reporter for the NBA Finals after the New York Times published an audio recording of…
Continue Reading Kaseya: The massive ransomware attack compromised up to 1,500 businesses
Software vendor Kaseya says that between 800 and 1,500 businesses have been compromised by the recent ransomware attack. CNN’s Clare Sebastian…
Continue Reading A massive ransomware attack hit hundreds of businesses. Here’s what we know
By Clare Duffy, CNN Business Businesses and governments around the world are scrambling to understand yet another major ransomware attack that hit…
Continue Reading Kaseya: The massive ransomware attack compromised up to 1,500 businesses
Software vendor Kaseya says that between 800 and 1,500 businesses have been compromised by the recent ransomware attack. CNN’s Clare Sebastian…
Continue Reading Universal movies will head exclusively to Peacock after playing in theaters
By Frank Pallotta, CNN Business Universal Pictures and Peacock announced that new films from the studio will head exclusively to NBCUniversal’s…
Continue Reading India’s government says Twitter should be held liable for what users post
By Diksha Madhok, CNN Business Twitter is in uncharted waters in one of its largest markets. The social media company no longer has immunity over…
Continue Reading Pentagon cancels $10 billion cloud contract given to Microsoft over Amazon
By Ellie Kaufman and Zachary Cohen, CNN The Department of Defense is canceling a controversial $10 billion cloud computing contract that had been…
Continue Reading Amazon’s new CEO faces antitrust and worker pressure
Andy Jassy takes over the role of Amazon CEO from Jeff Bezos as the company faces an antitrust push along with criticism over worker treatment. CNN’s…
Continue Reading US stocks drop after seven consecutive record highs
By Anneken Tappe, CNN Business Wall Street has been on fire the past several weeks, with the S&P 500 setting seven consecutive record highs…
Continue Reading Betting against meme stocks could get you seriously burned
By Paul R. La Monica, CNN Business Many investors are still betting against top momentum and Reddit meme stocks — despite getting burned in the…
Continue Reading Hit by a ransomware attack? Here’s what to do
By Rishi Iyengar, CNN Business A ransomware attack on a single software vendor may have impacted as many as 1,500 businesses around the world, in the…
Continue Reading Didi shares plummet after China bans it from app stores
Didi shares plunged as much as 22% in premarket trading as fallout continued over news of the company’s troubles in China. CNN’s David Culver…
Continue Reading Shorter working week trials an ‘overwhelming success’ in Iceland
By Amy Woodyatt, CNN Business Trials of a shorter working week in Iceland have been hailed as an “overwhelming success” by researchers.…
Continue Reading Ursula Burns hired to lead embattled consulting firm Teneo
By Jordan Valinsky, CNN Business Former Xerox CEO Ursula Burns has been named chairwoman of Teneo, the embattled consulting firm that is still…
Continue Reading AMC ditches its plans to sell more stock
By Frank Pallotta, CNN Business AMC, the largest theater chain in the world, announced Tuesday that it is ditching plans to sell 25 million…
Continue Reading How long can supply shortages continue?
By Charles Riley, CNN Business As the global economy kicks into high gear following the pandemic, demand for certain consumer goods and tech…
Continue Reading Didi shares crash as China tightens the regulatory screws
By Michelle Toh, CNN Business Didi shares plunged almost 20% Tuesday in New York as fallout continued over news of the company’s troubles in…
Continue Reading Facebook, Google, Twitter and other tech firms could leave Hong Kong over doxxing bill, industry group says
By Michelle Toh, CNN Business Changes to Hong Kong’s data protection laws could force some companies to stop providing services in the city,…
Continue Reading Kaseya says up to 1,500 businesses compromised in massive ransomware attack
By Alex Marquardt, CNN Business Software vendor Kaseya says that between 800 and 1,500 businesses have been compromised by the recent ransomware…
Continue Reading India’s billionaires got richer while coronavirus pushed millions of vulnerable people into poverty
By Diksha Madhok, CNN Business India has been hobbled by an economic slump and a brutal wave of coronavirus that new research shows pushed millions…
Continue Reading Gas prices are expected to spike. Here’s why
Gas prices are surging this holiday weekend due to a labor shortage with truck drivers. CNN’s Alison Kosik…
Continue Reading Oil prices surge after OPEC+ calls off talks
By Charles Riley and Chris Liakos, CNN Business Oil prices soared on Tuesday after major producers, including Saudi Arabia and the United Arab…
Continue Reading Ransomware group demands $70 million for Kaseya attack
By Alex Marquardt The ransomware group REvil has demanded a $70 million payment in Bitcoin for a decryptor tool following its attack on the software…
Continue Reading Three US private equity groups circle UK supermarket
By Hanna Ziady, CNN Business Morrisons has become a takeover target for three major American private equity groups amid strong investor appetite for…
Continue Reading Oil prices rise as UAE refuses to back OPEC+ agreement
OPEC+ plans to meet for the third straight day in order to reach an agreement about adding more barrels to an oil market that needs more supply.…
Continue Reading After cracking down on Didi, China probes other US-listed tech giants
By Laura He, CNN Business Just one day after ride-hailing giant Didi was banned from app stores in China, authorities have started investigating…
Continue Reading China’s Didi makes NYSE debut
Ride-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian…
Continue Reading White House urges companies affected by recent ransomware attack to report to the Internet Crime Complaint Center
By Sam Fossum and Arlette Saenz, CNN Business The White House on Sunday urged companies who believe their systems were compromised in the ransomware…
Continue Reading