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By Chris Isidore and Pete Muntean, CNN Business The Federal Aviation Administration is investigating whether Boeing employees who are supposed to flag safety problems with aircraft are being pressured by the company not to raise concerns, according to a letter the agency sent to the aircraft maker. The FAA depends on Boeing employees to carry
Continue ReadingBy Anna Bahney, CNN Business Since the beginning of the pandemic, property owner Matthew Haines said he has lost a quarter of a million dollars in rental income from tenants who did not pay him rent. “I’ve never woken up having panic attacks before this year,” said Haines, 53, who owns and manages 253 rental
Continue ReadingBy Frank Pallotta, CNN Business Spider-Man fans finally got what they were waiting for Monday night when Sony premiered the actual “Spider-Man: No Way Home” trailer. Trailers for Marvel movies always come with a lot of excitement, but “No Way Home” is a different story. The film, which stars Tom Holland as the friendly neighborhood
Continue ReadingBy Kathryn Vasel, CNN Business The strong jobs recovery has prompted a lot of workers to part ways with their employers — in many cases, to pursue jobs offering more flexibility or better pay. In June, nearly 4 million workers quit their jobs, according to the latest Job Openings and Labor Turnover survey from the
Continue ReadingBy Julia Horowitz, CNN Business Since 2020, investors have been rallying behind shares of Pfizer and Germany’s BioNTech, two companies that were poised to play a crucial role in helping bring an end to a devastating pandemic. Those bets have paid off. What’s happening: On Monday, the US Food and Drug Administration granted full approval
Continue ReadingCNN By Julia Horowitz, CNN Business Since 2020, investors have been rallying behind shares of Pfizer and Germany’s BioNTech, two companies that were poised to play a crucial role in helping bring an end to a devastating pandemic. Those bets have paid off. What’s happening: On Monday, the US Food and Drug Administration granted full
Continue ReadingBy Jordan Valinsky, CNN Business Peloton’s lower-priced and smaller treadmill is finally going on sale. The release of the Peloton Tread was originally scheduled for May, but was paused amid safety concerns for the company’s higher-end treadmill that prompted a massive recall for both machines. Now, the $2,495 machine is being released on August 30
Continue ReadingCNN By Jordan Valinsky, CNN Business Peloton’s lower-priced and smaller treadmill is finally going on sale. The release of the Peloton Tread was originally scheduled for May, but was paused amid safety concerns for the company’s higher-end treadmill that prompted a massive recall for both machines. Now, the $2,495 machine is being released on August
Continue ReadingBy Clare Duffy, CNN Business When Tim Cook took over as chief executive of Apple, it was a corporate transition unlike any other. He stepped out from the shadow of one of the best-known American CEOs and took the reins of one of the world’s biggest tech companies facing some uncertainty about how much more
Continue ReadingBy Charles Riley, CNN Business McDonald’s has been forced to stop selling milkshakes and bottled drinks at nearly 1,300 restaurants in the United Kingdom as Brexit-related staff shortages and supply chain delays caused by the pandemic continue to slam companies. “Like most retailers, we are currently experiencing some supply chain issues, impacting the availability of
Continue ReadingCNN, CNN BUSINESS By Rishi Iyengar, CNN Business Apple, like other device makers, issues software updates all the time, but the latest one may be more critical than most. iPhone users are facing a software vulnerability that independent researchers say was used to spy on a Saudi activist. On Monday, Apple issued an urgent update
Continue ReadingBy Paul R. La Monica, CNN Business Amazon, Walmart and Target have stepped up their games in the grocery business. So it may come as a surprise that shares of traditional supermarket chain Kroger are up nearly 50% this year and trading at an all-time high. Kroger, like other food retailers, has been a major
Continue ReadingBy Charles Riley, CNN Business Airbnb has pledged to provide free housing for 20,000 Afghan refugees. CEO Brian Chesky said Tuesday that the program would begin immediately, and that Airbnb would pay for the stays. “The displacement and resettlement of Afghan refugees in the US and elsewhere is one of the biggest humanitarian crises of
Continue ReadingBy Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Some of the most compelling stories in politics this year have been at state capitols, shining a spotlight on the importance of state-level coverage. In New York, Kathy Hochul is
Continue ReadingCNN By Brian Stelter, CNN Business Axel Springer, the German media conglomerate, has agreed to buy the Washington-based Politico franchise for more than $1 billion. Politico’s tech news sibling Protocol is also included in the deal, which was announced Thursday morning. Axel Springer and Politico already work together on a joint venture in Europe. Building
Continue ReadingCNN By Brian Stelter, CNN Business Every week we read a new story about a conservative media figure who downplayed Covid-19 or mocked the vaccines and wound up hospitalized or dead. Almost as often, we see sad new examples of overlapping misinformation. Here’s what I mean by “overlapping misinformation:” An attorney representing many high-profile suspects
Continue ReadingBy Oliver Darcy, CNN Business The New York Post, the Rupert Murdoch-owned tabloid that has peddled a high volume of anti-mask rhetoric during the pandemic, informed employees this month that they are required to wear a mask while at the office, according to a memo obtained by CNN Business. “Masks are required while walking the
Continue ReadingBy Nathaniel Meyersohn, CNN Business Store closures in America are expected to drop to a five-year low in 2021– but that’s not exactly good news. The reason is that the industry, which has been hurt in recent years by a shift to online shopping, may have bottomed out last year, when closures were the highest
Continue ReadingBy Frank Pallotta, CNN Business Disney is releasing more details about the financial performance of “Black Widow” as the company pushes to have a lawsuit brought by Scarlett Johansson — the film’s star — go to arbitration. The company revealed in a court filing on Friday that the Marvel superhero film has made more than
Continue ReadingBy Anna Bahney, CNN Business The housing market is showing signs of cooling off. Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were up 2% in July from the month before, marking two consecutive months of increases, according to a report from the National Association of Realtors. The number
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