CNN – Business/Consumer

By Alexis Benveniste, CNN Business Richard Branson became the first billionaire to reach suborbital flight in his own rocket-powered plane Sunday, setting the stage for how the media will cover wealthy individuals looking to build a business in space travel. Branson’s flight is a landmark moment for the commercial space industry and journalism. “This is

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 employees. That was especially true for Black-owned restaurants, which struggled to gain access to emergency capital early on. But restaurateurs who can no longer afford a traditional brick-and-mortar operation have

By Frank Pallotta, CNN Business Marvel saved the day again. And this time it was in theaters and on Disney+. “Black Widow,” the latest film from Disney’s blockbuster Marvel Studios, brought in an estimated $80 million in its North America opening this weekend. That was around what the industry was expecting and was also a

By Anneken Tappe and Hanna Ziady, CNN Business Americans have witnessed some wild price hikes over the past few months. Shortages and supply chain issues across the world have sent the cost to make and move goods soaring and left consumers paying up. Since then, prices for some pandemic favorites — such as lumber —

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 by announcing a “pivot” to blockchain technology. Long Island Iced Tea Corp. even changed its name to Long Blockchain Corp. At the time, the episode underscored

By Alexis Benveniste, CNN Business The wedding industry is rebounding as the United States recovers from the pandemic. And with glimmers of normality in the air, more Americans are preparing to pop the question. “We’ve seen a resurgence in both engagement ring and wedding band sales as couples start returning to normal life,” Price Blanchard,

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 edge of outer space on Sunday, has rarely been one to shy away from risky activities, and because of that he’s narrowly avoided being killed numerous times in his nearly

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The highest-quality types of news coverage are increasingly “about elites, for elites,” and everyone suffers as a result. That’s one of the arguments in professor Nikki Usher’s new book “News

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 448 points, while the S&P 500 rose 1.1%. The Nasdaq Composite was up nearly 1%. All three indexes reached new all-time highs. They also logged gains for the shortened Independence Day week

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 just be in theaters. “Black Widow,” the latest from Disney’s Marvel Studios, opened Thursday night and is set to become the biggest opening since 2019. The film, which stars Scarlett

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 predicts that England has a 58% chance of defeating Italy in Sunday’s Euro 2020 final. That would be England’s first victory in a major tournament in 55 years — and it would come

By Charles Riley, CNN Business The world’s biggest automakers don’t have much in common with tech companies. Volkswagen and General Motors employ hundreds of thousands of workers and operate huge factories on multiple continents. They rely on complicated supply chains to source parts, and they sell their products through brick-and-mortar dealership networks. But investors are

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. ROCKET MAN This weekend, Richard Branson, the founder of Virgin Galactic, is attempting to become the first billionaire to strap himself to a rocket branded with

By Oliver Darcy, CNN Business NBC was presented with a new challenge producing the 2021 Olympic Games on Thursday after organizers said that spectators will be prohibited from the Tokyo venues, a move that eliminates a key component of live sports broadcasts and could give the competitions an eerie feel. The setback, which was announced