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By Jackie Wattles, CNN Business The first all-private mission to the International Space Station is slated to complete the final leg of its journey in the next few days, capping off what turned into a longer-than-expected journey after bad weather kept the passengers on the space station for several extra days. The mission, called AX-1,
Continue ReadingBy Nathaniel Meyersohn, CNN Business There are around 175,000 white and orange U-Haul rental trucks in the United States and Canada for do-it-yourself movers. And they all have something strange in common: Arizona license plates with the word “apportioned” slapped on them. The reason? An esoteric agreement between the 48 continental US states, Washington DC
Continue ReadingBy Rhea Mogul and Simone McCarthy, CNN What a difference a few weeks make. Just last month India was taking flak from the West for its relationship with Russia. Not only was the South Asian country refusing to condemn Moscow’s brutal assault on Ukraine, but its purchases of discounted Russian oil — said critics —
Continue ReadingBy Paul R. La Monica, CNN Business Stocks plunged Friday. The Dow fell about 980 points, or 2.8%, following comments about likely aggressive interest rate hikes from Federal Reserve chairman Jerome Powell. A poor earnings outlook from Dow component Verizon didn’t help matters. All 30 stocks in the Dow ended the day lower, led by
Continue ReadingBy Alicia Wallace, CNN Business US government data often provides a look at how large swaths of Americans are faring. However, this big-picture approach has often been criticized for leaving out certain groups of people, like Native Americans and members of the LGBTQ+ community, and rendering them practically invisible when it comes to broader policymaking
Continue ReadingBy Nathaniel Meyersohn, CNN Business Old Navy has long been the crown jewel of Gap’s otherwise inconsistent businesses. But now, even Old Navy is struggling. And that’s weighing on its parent company in a big way. Gap said Thursday it is replacing Old Navy CEO Nancy Green and launching a search for a new chief
Continue ReadingBy Paul R. La Monica, CNN Business Now that some mask and vaccine mandates are being lifted, consumers seem ready to spend on travel and other leisure experiences. Call it the “revenge spending” phenomenon. Airline and hotel stocks have been surging this year thanks in part to a spate of long overdue revenge spending, or
Continue ReadingCNN, KPIX, WASHINGTON POST, WJLA, WMC, US GOVT By Paul R. La Monica, CNN Business Now that some mask and vaccine mandates are being lifted, consumers seem ready to spend on travel and other leisure experiences. Call it the “revenge spending” phenomenon. Airline and hotel stocks have been surging this year thanks in part to
Continue ReadingBy Nicole Goodkind, CNN Business Storm clouds appear to be gathering over Wall Street, with many analysts saying a downturn is inevitable. But before the party winds down, some expect an explosive pre-crash rally — known as a “melt-up.” Melt-ups usually occur without any obvious economic reason for the gains. They happen when investors buy
Continue ReadingBy Simon Bouvier, Xiaofei Xu, Chris Liakos and Anna Cooban, CNN Business France has issued an arrest warrant for Carlos Ghosn, the fugitive auto executive who used to lead Renault-Nissan. The prosecutor’s office in Nanterre, near Paris, confirmed to CNN on Friday that it had issued an international arrest warrant for Ghosn, who now lives
Continue ReadingBy Kathryn Vasel, CNN Business If you’re part of the Class of 2022, you’re graduating into a favorable job market. But networking should still play a big role in your search. “It doesn’t matter if the market really isn’t great or flaming hot, people still need to network because that is how you get into
Continue ReadingOpinion by Kapil Parakh for CNN Business Perspectives Almost two decades ago, I was a resident physician working in the Cardiac Intensive Care Unit at Johns Hopkins Bayview when I got word that my mother had been diagnosed with metastatic breast cancer. Despite feeling supported by those in my residency program, my first instinct was
Continue ReadingBy Paul R. La Monica, CNN Business investors who have been blindly buying all big techs got a rude awakening this week after Netflix imploded. But the good news from Tesla proves that some top momentum stocks can still thrive in this rocky market. The latest results from Tesla and Netflix show how silly it
Continue ReadingBy Julia Horowitz, CNN Business How should policymakers react when two core parts of the economy are headed in different directions? That’s the question facing the Federal Reserve and its international counterparts as they race to contain surging inflation. On one hand, spending on services like flights is booming as people in the United States
Continue ReadingBy Frank Pallotta, CNN Business Netflix shares plunged this week after the platform reported its first subscriber loss in more than a decade. One factor the company pointed to as hurting revenue: widespread password sharing. Does this mean the streamer is about to kick millions of viewers off shared accounts? Not quite. But it could
Continue ReadingBy Michelle Toh, Wayne Chang and Lizzy Yee, CNN Business Chinese officials have slammed YouTube for taking down the account of a politician expected to become the next leader of Hong Kong, accusing the video sharing company of interfering in the country’s internal affairs. YouTube said it had suspended the official campaign channel of John
Continue ReadingBy Clare Sebastian, CNN Russian President Vladimir Putin has devoted considerable airtime over the past few weeks to reassuring the Russian public that sanctions hurt the West more than they hurt Russia. Putin is preparing his country for the long haul. “The collective West does not plan on backing off its policy of economic pressure
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. When WarnerMedia and Discovery merged earlier this month, the incoming management team faced an immediate question: What to do with CNN+. So at 8 a.m. on April 11, the first
Continue ReadingBy Matt McFarland, CNN Business The Boring Company, Elon Musk’s bid to beat traffic by putting Teslas in tunnels, has raised $675 million, which it plans to use to build more of its Loop projects. The Boring Company’s new funding, announced Wednesday, comes from venture capital firms as well as real estate companies. Sequoia, a
Continue ReadingCNN, CLARE DUFFY, SPECTRUM NEWS NY1, WFTS, WSB, KSTU By Catherine Thorbecke, CNN Business Amazon announced Thursday that it will let third-party merchants offer Prime membership benefits such as free and fast shipping directly to Prime customers through their own online stores rather than solely through the e-commerce giant’s platform. The option, called Buy with
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