Money

By Jackie Wattles, CNN Business Virgin Orbit, the Richard Branson-backed startup that launches small satellites into space, will make its stock market debut later this year, adding another name to the long list of space-focused companies to go public via reverse merger. The deal, expected to close in the last three months of 2021, will

By Jordan Valinsky, CNN Business Starbucks is bringing back the Pumpkin Spice Latte on Tuesday for those people already craving fall. It marks the earliest return date ever — the drink is arriving a day earlier compared to last year. Also returning is Pumpkin Cream Cold Brew, an iced-drink topped with pumpkin cream cold foam

By Frank Pallotta, CNN Business How popular is Spider-Man? So popular that fans were clamoring for a movie trailer that didn’t even exist. The trailer for “Spider-Man: No Way Home” — or some version of it — reportedly leaked online this weekend, sending millions of fans searching social media for any tidbits from the new

By Paul R. La Monica, CNN Business The Delta variant. Inflation. The Fed tapering its stimulus. The mess in Afghanistan. There are a lot of things for investors to be nervous about these days. It shouldn’t come as a huge surprise that the CNN Business Fear & Greed Index, which measures seven gauges of investor

By Danielle Wiener-Bronner, CNN Business The Oreo Cookie Shake is coming back to Applebee’s, thanks to country singer Walker Hayes and his song “Fancy Like.” Applebee’s ditched the item when it slimmed down its menu during the pandemic. But after the song came out in June and started to go viral, the chain decided to

By Julia Horowitz, CNN Business The Delta variant of Covid-19, which has caused a sharp rise in coronavirus cases in countries around the world, is a major risk to the recovery from the pandemic. And in some places, clear signs of damage are cropping up. What’s happening: IHS Markit released preliminary readings from its closely-watched

By Hanna Ziady, CNN Business The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing. That’s troubling news for retailers and holiday shoppers. More than 18 months into the pandemic, the disruption to global supply chains is getting worse,

By Diksha Madhok, CNN Business Bitcoin has surged above the $50,000 mark, as the virtual currency continues to climb out of a months-long slump. It’s the first time bitcoin has reached that milestone since May 15. Bitcoin’s peers also advanced: Ethereum was up more than 3%, while dogecoin rose nearly 2%. Bitcoin had been inching

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. Rachel Maddow is staying at MSNBC — but not in the same role she has held for the past thirteen years. Maddow has signed a new multi-year deal with MSNBC’s

By Ellie Kaufman, Oren Liebermann, Veronica Stracqualursi and Alexis Benveniste, CNN The Department of Defense is mobilizing commercial airline flights to help with the United States’ evacuation efforts in Afghanistan, which has been chaotic as thousands are desperate to leave the country after the Taliban swiftly took control. The Pentagon announced Sunday that Defense Secretary

By Alexis Benveniste, CNN Business News outlets including CNN and the Washington Post are working overtime to ensure the safety of staffers in Afghanistan after the Taliban took control of the country. The Wall Street Journal said it successfully “evacuated its last workers out of Kabul on Saturday after a week of repeated attempts that

By Alaa Elassar, CNN If you thought Apple computers were expensive, you haven’t seen what their manuals go for. Boston-based RR Auction on Thursday sold an Apple II manual signed by the company’s late co-founder Steve Jobs for a whopping $787,484. The computer’s 196-page manual is signed and inscribed opposite the Table of Contents: “Julian,

By Julia Horowitz, CNN Business The Federal Reserve is buying $120 billion in bonds per month, part of a package of emergency measures to prop up the US economy during the pandemic. But as activity returns to normal, is that level of support necessary? That’s among the key questions facing central bankers when they gather

By Andy Rose, CNN Phil Valentine, a Nashville-based conservative radio talk show host who had questioned whether it was necessary for all people to get Covid-19 vaccines, died on Saturday, his employer, WWTN Radio, announced on Twitter. Valentine was 61 years old. “Please keep the Valentine family in your thoughts and prayers,” the station said