By Allison Morrow Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. ROBINHOOD’S GOING PUBLIC Big week for our friends over at Robinhood. Yesterday they got slapped with a record $70 million FINRA fine. Today, they’re jetting toward an IPO.
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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 By Jackie Wattles and Rachel Crane, CNN Business British billionaire Richard Branson plans to beat fellow billionaire and rival Jeff Bezos to space. Branson’s company, Virgin Galactic, made a surprise announcement Thursday that he will attempt to fly in Virgin’s rocket-powered plan on July 11 — nine days before Bezos’s planned July 20th launch. The
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Keith McCoy, a senior ExxonMobil lobbyist, was secretly recorded by Greenpeace seemingly revealing how ExxonMobil fights against climate solutions.
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
Continue Reading Keith McCoy, a senior ExxonMobil lobbyist, was secretly recorded by Greenpeace seemingly revealing how ExxonMobil fights against climate solutions.
Continue Reading Keith McCoy, a senior ExxonMobil lobbyist, was secretly recorded by Greenpeace seemingly revealing how ExxonMobil fights against climate solutions.
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A federal court has dismissed the Federal Trade Commission’s antitrust complaint against Facebook. CNN’s Clare Sebastian breaks down the ruling.
Continue Reading By Brian Fung, CNN Business For years, the US antitrust enforcers at the Federal Trade Commission have pledged only to go after companies that have harmed consumers. Now, under its new chair Lina Khan, the FTC is expanding its approach in a move that could make it easier to go after tech companies like Amazon
Continue Reading By Brian Fung, CNN Business For years, the US antitrust enforcers at the Federal Trade Commission have pledged only to go after companies that have harmed consumers. Now, under its new chair Lina Khan, the FTC is expanding its approach in a move that could make it easier to go after tech companies like Amazon
Continue Reading By Oliver Darcy, CNN Business Some Facebook users in the United States are being served a prompt that asks if they are worried that someone they know might be becoming an extremist. Others are being notified that they may have been exposed to extremist content. It is all part of a test the social media
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By Jordan Valinsky, CNN Business Krispy Kreme’s second appearance on the public markets is off to a sweeter start than expected. The doughnut chain began trading Thursday and opened at $16.30 per share, which is about 4% below its initial public offering at $17. Since then, shares rebounded and closed nearly 25% higher on its
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By Chris Isidore, CNN Business US auto sales soared in the second quarter. But the uptick could have been much bigger. Automakers have struggled to find the computer chips required to build enough cars and trucks to meet demand, with most temporarily shutting their factories as a result of the shortage. The tight supplies drove
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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
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.
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By Matt Egan, CNN Business Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who died by suicide after seeing a negative account balance of $730,000. The controversial trading app disclosed the settlement on Thursday in its IPO filing. Terms of the agreement were not disclosed. The family of
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By Allison Morrow, CNN Business Robinhood, a day after incurring a record-breaking fine from Wall Street’s industry regulator, filed paperwork for its hotly anticipated initial public offering. The company plans to list its shares on the Nasdaq stock exchange under the symbol HOOD, according to its filing with the Securities and Exchange Commission. As is
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By Clare Duffy, CNN Business Pinterest on Thursday announced that it will ban all advertisements related to weight loss from its platform in an effort to prevent content that could encourage unhealthy or disordered eating habits. The bookmarking site said it will also prohibit ads with language or images that promote or disparage certain body
Continue Reading By Clare Duffy, CNN Business Pinterest on Thursday announced that it will ban all advertisements related to weight loss from its platform in an effort to prevent content that could encourage unhealthy or disordered eating habits. The bookmarking site said it will also prohibit ads with language or images that promote or disparage certain body
Continue Reading By Matt Egan, CNN Business Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who died by suicide after seeing a negative account balance of $730,000. The controversial trading app disclosed the settlement on Thursday in its IPO filing. Terms of the agreement were not disclosed. The family of
Continue Reading