By Jackie Wattles, CNN Business Virgin Galactic is reopening sales of its $450,000 tickets that get customers a 90-minute joyride aboard an air-launched rocket that brushes the edge of space. The company already has about 600 reservations from its first round of ticket sales, which priced a trip to suborbital space at about $200,000 to
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By Sonia Moghe, CNN The New York Times has prevailed in defending itself against a defamation lawsuit brought by Sarah Palin after jurors found she had not proven her case. The jury of nine, which had been deliberating since Friday afternoon, found the Times not liable for defamation against Palin. Unbeknownst to them, during deliberations,
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By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Fox’s obsession with Hillary Clinton is only growing more fierce. The right-wing talk channel, which has in recent days dishonestly twisted a court filing from special counsel John Durham to
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By Karol Suarez and Abel Alvarado The United States is resuming its avocado inspection program in Mexico’s Michoacán state a week after imposing a temporary ban in response to a US inspector receiving a death threat. The Department of Agriculture’s Animal and Plant Health Inspection Service said Friday that it was working closely with Mexican
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By Clare Duffy, CNN Business Facebook-parent Meta has agreed to pay $90 million to settle a decade-old class action lawsuit over a practice that allowed the social network to track users’ activity across the internet, even if they had logged out of the platform. The settlement, announced on Tuesday, is one of the largest in
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By David Goldman, CNN Business Among the many appeals of the massively successful Wordle game is that it has just one solution per day. Every player in the world is trying to guess the same five-letter word. Well, it had only one until Tuesday. The New York Times, which bought Wordle two weeks ago, eliminated
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By Matt Egan, CNN Business The cost of living is already very high in America. The Russia-Ukraine crisis could make it even worse. Oil prices have jumped well above $90 a barrel in recent weeks as the risk of a Russian invasion has increased. If the Russia-Ukraine crisis drives oil to about $110 a barrel,
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By Paul R. La Monica, CNN Business Microsoft CEO Satya Nadella is on a major shopping spree. The company’s planned purchase of video game maker Activision Blizzard, with a price tag of nearly $70 billion, is Microsoft’s biggest and boldest acquisition. But it’s hardly the only notable deal in the Nadella era. Microsoft scooped up
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By Rachel Metz, CNN Business Mark Zuckerberg stares at a cartoon version of himself in a virtual world and tries to pick an outfit for his avatar to wear. Zuckerberg flicks his hand to change the avatar’s apparel, switching from a black shirt, slacks and white sneakers to a skeleton costume to an astronaut suit.
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By Samantha Murphy Kelly, CNN Business The looming shutdown of 3G networks won’t just impact older phones. With AT&T’s 3G network shutting down next week, and other carriers following suit later this year, a range of products require updates to continue working, including some home alarm systems, medical devices such as fall detectors, and in-car
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By Frank Pallotta, CNN Business The Super Bowl had a little bit of everything Sunday night: a close game that went down to the wire, an exciting halftime show starring some of hip hop’s greatest artists and a Los Angeles venue that added a Hollywood vibe. All of that led to big ratings for the
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By Matt Egan, CNN Business The Biden administration warned Russian President Vladimir Putin on Tuesday against weaponizing its energy exports during the standoff with Ukraine. “If Putin decides to weaponize his energy supplies, it would be a major mistake,” Daleep Singh, US deputy national security advisor, said on CNBC. The Biden official noted that Russia
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By Matt Egan, CNN Business The Biden administration warned Russian President Vladimir Putin on Tuesday against weaponizing its energy exports during the standoff with Ukraine. “If Putin decides to weaponize his energy supplies, it would be a major mistake,” Daleep Singh, US deputy national security advisor, said on CNBC. The Biden official noted that Russia
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By Anneken Tappe and Nathaniel Meyersohn, CNN Business Inflation is rampant in the pandemic economy, but that didn’t keep Americans from opening up their wallets last month. US retail sales rose by 3.8% in January from the month prior, adjusted for seasonal swings — more than the 2% increase economists had predicted. That puts the
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By Paul R. La Monica, CNN Business Sometimes in investing, a little luck goes a long way. Just ask Warren Buffett. The Oracle of Omaha is set to make a handsome profit from a new investment in video game maker Activision Blizzard that Berkshire Hathaway made during the quarter before Microsoft announced its plans to
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By Jordan Valinsky, CNN Business Tim Hortons is singing Justin Bieber’s praises Tuesday because his line of donuts just turned around the Canadian restaurant’s fortunes. The coffee chain’s parent company, Restaurant Brands International, reported that sales rose 10.3% at stores open at least a year in the fourth quarter of 2021. That reversed a 11%
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By Anneken Tappe, CNN Business America’s rising prices were unrelenting in January. Another key inflation measure showed prices rising more than expected last month. The producer price index, which tracks average price changes America’s producers get paid for their goods and services over time, rose 9.7% in the 12 months ended in January, not adjusted
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By Matt Egan, CNN Business Wall Street’s Russia-Ukraine fears eased Tuesday morning after Russia announced it is withdrawing some troops following the completion of recent drills near Ukraine. The Dow jumped 422 points, or 1.2%. The S&P 500 surged 1.5% and the Nasdaq was 2.5% higher. Investors have been concerned that an armed Russian conflict
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By Julia Horowitz, CNN Business America’s economy is driven by shoppers who shell out big money for items like iPhones, sofas and cars and experiences such as dining out. So when consumers start to feel less confident, economists and investors worry. What’s happening: Consumer sentiment in the United States has dropped to its worst level
Continue Reading By Jordan Valinsky, CNN Business Tim Hortons is singing Justin Bieber’s praises Tuesday because his line of donuts just turned around the Canadian restaurant’s fortunes. The Canadian coffee chain’s parent company, Restaurant Brands International, reported that sales rose 10.3% at stores open at least a year in the fourth quarter of 2021. That reversed a
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