By Catherine Thorbecke, CNN Business Private astronaut missions to the International Space Station will have to be chaperoned by a former NASA astronaut, per new proposed requirements from the US space agency. NASA posted a public notice online on Tuesday that laid out a handful of updated requirements for future private astronaut missions, which the
Continue Reading By Oliver Darcy, CNN Business The parents of a child who was murdered during the 2012 Sandy Hook shooting delivered emotional testimony in a Texas court on Tuesday, telling a jury that the lies pushed by right-wing conspiracy theorist Alex Jones have stained the legacy of their son and tormented them for years. The jury
Continue Reading By Sara O’Brien, CNN Business Even higher gas prices and soaring inflation aren’t slowing down Uber’s rebound from the worst days of the pandemic. Uber on Tuesday said its revenue hit $8.1 billion during the three months ending in June, more than doubling from the year prior as more customers turn to the ride-hailing service.
Continue Reading By Sara O’Brien, CNN Business Even higher gas prices and soaring inflation aren’t slowing down Uber’s rebound from the worst days of the pandemic. Uber on Tuesday said its revenue hit $8.1 billion during the three months ending in June, more than doubling from the year prior as more customers turn to the ride-hailing service.
Continue Reading By Matt Egan, CNN Business Americans are piling up credit card debt as they struggle to keep up with the high cost of living. US household debt surpassed $16 trillion for the first time ever during the second quarter, the New York Federal Reserve said Tuesday. Even as borrowing costs surge, the NY Fed said
Continue Reading By Jordan Valinsky, CNN Business Taco Bell’s Mexican Pizza is finally returning to menus following a three-month absence. The chain announced the meal is returning permanently on September 15, which is earlier-than-expected because Taco Bell said it “worked quickly to restock the beloved menu item.” Mexican Pizza came back to menus after a two-year hiatus
Continue Reading By Matt Egan, CNN Business Americans are piling up credit card debt as they struggle to keep up with the high cost of living. US household debt surpassed $16 trillion for the first time ever during the second quarter, the New York Federal Reserve said Tuesday. Even as borrowing costs surge, the NY Fed said
Continue Reading By Alicia Wallace, CNN Business The number of available jobs in the US shrank considerably in June, according to new data released Tuesday by the Bureau of Labor Statistics. Job openings dropped to 10.7 million in June, down from a revised 11.3 million in May, according to the latest Job Openings and Labor Turnover Survey,
Continue Reading By Catherine Thorbecke, CNN Business Two years after then-President Donald Trump said he would ban TikTok in the United States through an executive order, the short-form video platform is once again under scrutiny in Washington. And the underlying issue remains largely the same: TikTok’s ties to China through its parent company, Bytedance. A growing number
Continue Reading By Julia Horowitz, CNN Business Investors are anxious, tired and gloomy as they digest the worst start to the year since 1970 and try to chart a path forward. But you wouldn’t know it from watching major stock indexes. What’s happening: The S&P 500 rallied more than 9% in July, its best month since November
Continue Reading By Laura He, CNN Business Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi’s visit to Taiwan could severely escalate tensions with China. US and European equities followed Asian indexes down as investors weighed the market implications of the trip. Hong Kong’s Hang Seng Index fell 2.4%, and mainland China’s Shanghai
Continue Reading By Laura He, CNN Business Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi’s visit to Taiwan could severely escalate tensions with China. US and European equities followed Asian indexes down as investors weighed the market implications of the trip. Hong Kong’s Hang Seng Index fell 2.4%, and mainland China’s Shanghai
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High inflation and energy prices are affecting how much the city of Columbia spends on electricity. The Columbia City Council will vote Monday night, on increasing the 2022 energy budget by millions of dollars.
Continue Reading By Laura He, CNN Business Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi’s visit to Taiwan could severely escalate tensions with China. US and European equities followed Asian indexes down as investors weighed the market implications of the trip. Hong Kong’s Hang Seng Index fell 2.4%, and mainland China’s Shanghai
Continue Reading By Brian Stelter, CNN Business More than a dozen major news organizations have filed a lawsuit against the Texas Department of Public Safety to obtain public records relating to the Robb Elementary School massacre. The coalition includes CNN, the Texas Tribune, and many of the state and the country’s biggest news outlets. The news organizations
Continue Reading By Brian Stelter, CNN Business More than a dozen major news organizations have filed a lawsuit against the Texas Department of Public Safety to obtain public records relating to the Robb Elementary School massacre. The coalition includes CNN, the Texas Tribune, and many of the state and the country’s biggest news outlets. The news organizations
Continue Reading By Nathaniel Meyersohn, CNN Business A glimmer of relief is emerging at the checkout aisle: the return of discounts. Walmart, Best Buy, Gap, Target, Bath & Body Works and others are increasing promotions and lowering prices on merchandise to entice inflation-weary shoppers to buy extra goods sitting on their shelves. Months ago these chains stocked
Continue Reading By Anna Bahney, CNN Business So far this year, the real estate market has not been going the way many prospective homebuyers had hoped. Home prices — already at all-time highs — have continued to climb and mortgage rates have risen much faster than expected. While some buyers have forged ahead, others have put their
Continue Reading By Michelle Toh, CNN Business For years, KFC customers in China wondered why the chain didn’t sell chicken feet, which are a delicacy in the country. Now, “I can report back that for this year, for 2022, we are finally selling chicken feet,” Yum China CEO Joey Wat told CNN Business in an interview Monday.
Continue Reading Opinion by Emily Parker for CNN Business Perspectives Cryptocurrency is having an existential crisis. Last month, crypto lender Celsius filed for bankruptcy protection. It has frozen withdrawals since June 12, and it’s unclear if or when customers will get their money back. But Celsius is just one domino to fall. Crypto lender Voyager Digital also
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