Money

By Frank Pallotta, CNN Business Netflix posted sluggish subscriber growth when it reported earnings Tuesday, and forecast bigger gains ahead. But Wall Street isn’t satisfied. The streaming service said it has 209 million subscribers globally after adding a little more than a million subscribers in the second quarter of 2021. That beat the company’s own

By Peter Valdes-Dapena, CNN Business Mobileye, an Israeli self-driving technology company owned by Intel, has become the first company to test fully self-driving cars on New York City’s streets. While a number of companies test cars in California and Arizona, New York hasn’t generally been used as a test site. New York is home to

By Jackie Wattles, CNN Business After a half-century of waiting, Wally Funk — who trained for NASA’s Mercury program but was denied the opportunity to go to space — has finally gotten her time amongst the stars. This morning she flew to space with the world’s richest man, Jeff Bezos, his brother Mark Bezos, and

By Oliver Darcy, CNN Business Jeff Bezos, the Amazon founder and world’s wealthiest man, said Tuesday after flying to the edge of space that he planned to award $100 million each to CNN contributor Van Jones and chef José Andrés. Bezos said that Jones and Andres were free to do “what they want” with the

By Matt Egan, CNN Business Robinhood is planning to make its big debut as a public company next week. The trading app is expected to start trading on the Nasdaq Stock Market on July 29, a person familiar with the matter told CNN Business. The timing of the debut could still change, the person cautioned.

By Jordan Valinsky, CNN Business Taco Bell is warning that some of customers’ favorite items might not be available. The chain apologized on its website Tuesday, saying that because of “national ingredient shortages and delivery delays” that Taco Bell locations might be out of some options. “Apologies for the inconvenience and we hope to feed

By Paul R. La Monica, CNN Business The Securities and Exchange Commission still hasn’t approved a single bitcoin exchange-traded fund even though several top firms have applied. But investors looking for cryptocurrency exposure through an ETF have another option: a new mining ETF that debuted Tuesday. Investment firm Viridi Funds launched a fund that plans

By Paul R. La Monica, CNN Business Average folks may not be able to saunter into space like Jeff Bezos just yet. But the frenzy around exploring the final frontier doesn’t have to be alien territory for the typical Earth-bound investor. Several publicly traded companies and exchange-traded funds have shot into orbit, capitalizing on a

By Anneken Tappe, CNN Business Stocks rallied Tuesday, rebounding from a miserable trading session at the start of the week when the Dow logged its worst day since October. After rising moderately at the New York opening bell, the rally picked up pace for the rest of the session. The Dow closed up 1.6%, or

By Evan Simko-Bednarski, CNN Business Three opioid distributors have settled a lawsuit with New York state to the tune of over $1 billion, according to the office of NY Attorney General Letitia James. In a settlement negotiation that ran late into the night Monday, according to a source familiar with the discussions, McKesson Corporation, Cardinal

By Hanna Ziady, CNN Business The travel and tourism sector is still struggling to get back on its feet more than a year into the coronavirus pandemic. That spells trouble for the economic recovery. The latest: Budget airline EasyJet, which flies between dozens of destinations in Europe, said Tuesday that less than half of its