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. “Thank God for a free press — which is doing the investigating and reporting that Congress should have done way before now,” Asha Rangappa wrote Wednesday. She was talking about
Continue Reading CNN’s Donie O’Sullivan was on the scene at former President Donald Trump’s rally in Wellington, Ohio, where he spoke with diehard supporters who remain convinced that Trump won the 2020 election (he didn’t) and claim that Democrats and the FBI are to blame for the Capitol insurrection (they aren’t).
Continue Reading CNN’s Donie O’Sullivan was on the scene at former President Donald Trump’s rally in Wellington, Ohio, where he spoke with diehard supporters who remain convinced that Trump won the 2020 election (he didn’t) and claim that Democrats and the FBI are to blame for the Capitol insurrection (they aren’t).
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By Anneken Tappe, CNN Business America’s factories are struggling with supply chain issues and material shortages. Now, that’s showing up in prices: in June, Manufacturers reported the biggest price jump in 42 years. The Institute for Supply Management‘s manufacturing price index rose to 92.1% last month, up 4.1 percentage points and hitting its highest mark
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By Anneken Tappe, CNN Business America’s factories are struggling with supply chain issues and material shortages. Now, that’s showing up in prices: in June, Manufacturers reported the biggest price jump in 42 years. The Institute for Supply Management‘s manufacturing price index rose to 92.1% last month, up 4.1 percentage points and hitting its highest mark
Continue Reading By Matt Egan, CNN Business A senior ExxonMobil lobbyist appears to have unwittingly revealed how the oil company uses its political muscle to undercut climate action. “Did we aggressively fight against some of the science? Yes,” Keith McCoy, the Exxon lobbyist, said during a covertly filmed job interview recorded by Greenpeace’s UK investigative platform. “Did
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Jeff Bezos has announced that he and his brother will be on board his company Blue Origin’s first crewed mission to space. The capsule known as New Shepard is set to launch on July 20th.
Continue Reading Wally Funk is an American aviator who trained to become an astronaut in the 1960s, but the NASA program was scrubbed. Roughly six decades later, Funk’s dream of going to space is finally going to come true.
Continue Reading 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 — is finally getting her time amongst the stars. She’s been selected by the world’s richest man, Jeff Bezos, to accompany him, his brother, and an as-yet
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By Alison Kosik, CNN Hertz has officially emerged from bankruptcy after more than a year as a “much stronger company,” thanks to a red-hot rental car market as more Americans travel and the economy reopens. As part of its bankruptcy filing last year, Hertz promised to sell more than 180,000 vehicles from its fleet by
Continue Reading By Oliver Darcy, CNN Business Meghan McCain, the conservative personality and co-host of ABC’s “The View” who clashed with her colleagues on and off set, announced Thursday that she is leaving the show. “I’m just going to rip the bandaid off,” McCain said at the top of the show. “I am here to tell all
Continue Reading By Alison Kosik, CNN Hertz has officially emerged from bankruptcy after more than a year as a “much stronger company,” thanks to a red-hot rental car market as more Americans travel and the economy reopens. As part of its bankruptcy filing last year, Hertz promised to sell more than 180,000 vehicles from its fleet by
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By Alexis Benveniste, CNN Business Ampex Brands — a franchisee that owns more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven locations — is buying Au Bon Pain. Panera, which purchased Au Bon Pain in 2017, will sell all 171 of Au Bon Pain’s locations and will allow Ampex to franchise
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By Alicia Wallace, CNN Business It’s just about closing time on Thursday in early June and the regulars are catching up and winding down after a busy night of darts league. They shoot the breeze, fling back a couple of shots, and spout off lyrics (“get on your bikes and ride!”) to accompany the tunes
Continue Reading By Brian Fung, CNN Business A federal judge on Wednesday temporarily blocked a new Florida law regulating how social media companies can moderate content, saying hours before the law was set to take effect that the legislation violates the First Amendment and contradicts federal law. The preliminary injunction is a victory for Silicon Valley and
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By Brian Fung, CNN Business A federal judge on Wednesday temporarily blocked a new Florida law regulating how social media companies can moderate content, saying hours before the law was set to take effect that the legislation violates the First Amendment and contradicts federal law. The preliminary injunction is a victory for Silicon Valley and
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By Anneken Tappe, CNN Business Economists expect a super-strong jobs report on Friday. But don’t be fooled: America’s labor market problems — millions unemployed, worker shortages and worries about child care and health risks — will persist throughout the summer. Even though the US job market is rapidly improving, the economy is still far from
Continue Reading By Anneken Tappe, CNN Business Economists expect a super-strong jobs report on Friday. But don’t be fooled: America’s labor market problems — millions unemployed, worker shortages and worries about child care and health risks — will persist throughout the summer. Even though the US job market is rapidly improving, the economy is still far from
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Gas prices are surging this holiday weekend due to a labor shortage with truck drivers. CNN’s Alison Kosik reports.
Continue Reading By Matt Egan, CNN Business American drivers need OPEC and Russia to come to the rescue. Gasoline prices, averaging $3.12 a gallon in the United States according to AAA, are at seven-year highs just as millions of people hit the road for the July 4th holiday weekend. Some gas stations are even running out of
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