Money

By Hanna Ziady, CNN Business Porsche SE, the family holding company that controls Volkswagen Group, is the latest big investor to bet on space’s crucial role in developing future technologies. The company, controlled by the related Porsche and Piëch families that turned Volkswagen into a global powerhouse, on Wednesday unveiled an investment into Germany’s Isar

By Anneken Tappe, CNN Business America’s economy isn’t back to normal yet, and much of the recovery depends on consumers: how much they’re spending, how much they decide to participate in public life and even whether they work remotely. And while economists don’t believe a full shutdown is looming, the Delta variant is posing a

By Diksha Madhok, CNN Business US lawmakers are piling pressure on major American corporate sponsors of the 2022 Winter Olympics in Beijing as tensions between the United States and China over human rights and other issues remain high. A bipartisan committee of US politicians questioned representatives from Airbnb, Coca-Cola, Intel, Visa and Procter & Gamble

By Chris Isidore, CNN Business Boeing returned to profitability in the second quarter, posting net income for the first time since the start of the Covid-19 pandemic last year, a recovery that will save 10,000 jobs at the company. Boeing earned $567 million in the quarter, compared to a $2.4 billion loss a year earlier.

By Julia Horowitz, CNN Business A rapid shift to digitization due to Covid-19 has handsomely benefited the world’s biggest tech companies. Yet even as the pandemic eased, they still minted record sums of money. What’s happening: Yesterday’s “Before the Bell” focused on how Tesla celebrated earning more than $1 billion last quarter. Amazon, Google parent

By Danielle Wiener-Bronner, CNN Business McDonald’s celebrity meal strategy and revamped chicken sandwich lineup is working. Sales at US stores open at least 13 months jumped 25.9% in the past quarter, which ended on June 30, beating analysts’ expectations. Sales at those stores grew 14.9% compared to the same period in 2019, before the pandemic.

By Matt Egan, CNN Business The White House and the Federal Reserve broadly agree: Inflation isn’t here to stay. Red-hot prices will cool off as the US economy reopens. Most economists seem to concur that inflation is “transitory,” as the Fed puts it. Investors aren’t freaking out either about the biggest price hikes since 2008.

By Michelle Toh, CNN Business Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped out hundreds of billions of dollars in value. Chinese state-run newspaper Securities Times published a commentary Wednesday acknowledging the “changes in policy for certain industries” after a market rout on

By Matt Egan, CNN Business Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, the online trading platform announced Tuesday. News of the probe comes more than five months after CNN Business reported that Tenev, the public face of Robinhood, is not registered with FINRA,

By Brian Stelter, CNN Business While viewers of other TV channels heard House Democrats denouncing the “whitewashing” of the January 6 attack, One America News viewers witnessed the whitewashing first-hand. On OAN, Tuesday’s select committee hearing about the insurrection barely happened at all. The channel’s poorly-produced programs avoided the substance of the hearing; slipped in