Money

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 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 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 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

By Diksha Madhok, CNN Business Bitcoin fell below $30,000 again as investors worldwide fret about the Delta variant and what it means for the next stage of the coronavirus pandemic. The cryptocurrency is down roughly 6% over the last 24 hours, according to Coindesk. Other cryptocurrencies also fell: Ethereum is down about 7%, while dogecoin,

By Julia Horowitz, CNN Business One of President Joe Biden’s priorities is a historic overhaul of global tax rules. The world’s most powerful 20 economies are on board. But an island nation of 5 million people is standing in the way. Biden still needs Ireland. For years, the country has successfully attracted hordes of global

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. Jeff Bezos, a/k/a the “richest human being in the universe,” is about to leave Earth for a few spectacular minutes. It’s going to be one heck of a television and

By Diksha Madhok, CNN Business The coronavirus pandemic appears to have given an unexpected boost to a small — but influential — cohort of India’s working women. While the economy has been battered by Covid-19, educated women in middle-to-senior positions have seen job opportunities rise in the last year, recruiters in the country told CNN