By Anneken Tappe, CNN Business US inflation took a breather last month for the first time since August. Prices still increased, but at a slower pace than in previous months. The Consumer Price Index was up 8.3% in the 12 months ended in April, the Bureau of Labor Statistics reported Wednesday, slightly higher than economists
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By Jeanne Sahadi, CNN Business When it comes to your investments, these are the days to make some lemonade. After racking up banner gains in 2021, markets are on a downward trajectory. So chances are you’ve lost some good money … at least on paper Sure, you may make it back once stocks and other
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By Peter Valdes-Dapena, CNN Business For your next important business trip, you can now rent a Ford Mustang from Hertz with a supercharged 5.2-liter V8 engine capable of producing more than 900 horsepower. For comparison, that’s 400 more horsepower than you get in a Chevrolet Corvette. It’s double the power you’d get in a regular
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By Paul R. La Monica, CNN Business The bitcoin crash is hitting Coinbase really, really hard. The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever. Coinbase stock is now
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By Reuters Boeing Co. is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the U.S. aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled for a May 19 Florida launch atop
Continue Reading By Reuters Boeing Co. is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the U.S. aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled for a May 19 Florida launch atop
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By Catherine Thorbecke, CNN Business Airbnb on Wednesday announced new ways to search for and book homes on the platform in response to the rise of remote work and the number of customers choosing longer stays. The new features include the ability to more easily divide trips between two homes when options for longer stays
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By Nathaniel Meyersohn, CNN Business Prices are surging, and Best Buy has a plan to draw in shoppers hunting for deals on TVs and laptops: more outlet stores. Over the next year, Best Buy will double the number of outlet stores it has to 32 — starting with new outlets in Chicago, Houston, Phoenix and
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By Julia Horowitz, CNN Business You remember the early days of the pandemic, when millions of office workers started doing their jobs from home for the first time. Video conferences — for business check-ins and happy hours — became a feature of daily life. Gym memberships were swapped for stationary bikes. Parents raced to crack
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By Mark Thompson and Anna Cooban, CNN Business Ukraine suspended the flow of some Russian natural gas to Europe on Wednesday, blaming Moscow for diverting supplies from the vital pipeline network. Russian gas, a key source of energy for Germany and many other EU economies, had continued to flow uninterrupted through pipelines across Ukraine since
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By Chris Isidore, CNN Business Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it’s not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already
Continue Reading By Chris Isidore, CNN Business Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it’s not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already
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By Jordan Valinsky, CNN Business Bill Gates said he has tested positive for Covid-19. The outspoken vaccine advocate said on Twitter he’s “experiencing mild symptoms” and he’s “following the experts’ advice by isolating until I’m healthy again.” Gates added that he’s “fortunate to be vaccinated and boosted.” The billionaire Microsoft founder also said Tuesday that
Continue Reading By Jordan Valinsky, CNN Business Bill Gates said he has tested positive for Covid-19. The outspoken vaccine advocate said on Twitter he’s “experiencing mild symptoms” and he’s “following the experts’ advice by isolating until I’m healthy again.” Gates added that he’s “fortunate to be vaccinated and boosted.” The billionaire Microsoft founder also said Tuesday that
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By Hadas Gold, Abeer Salman and Amir Tal, CNN Palestinian-American Al Jazeera journalist Shireen Abu Akleh was fatally shot while covering an Israeli military operation in the West Bank city of Jenin on Wednesday. The Palestinian health ministry said she was shot in the head by a live bullet, and confirmed her death shortly afterwards.
Continue Reading By Hadas Gold, Abeer Salman and Amir Tal, CNN Palestinian-American Al Jazeera journalist Shireen Abu Akleh was fatally shot while covering an Israeli military operation in the West Bank city of Jenin on Wednesday. The Palestinian health ministry said she was shot in the head by a live bullet, and confirmed her death shortly afterwards.
Continue Reading By Mark Thompson and Anna Cooban, CNN Business Ukraine suspended the flow of some Russian natural gas to Europe on Wednesday, blaming Moscow for diverting supplies from the vital pipeline network. Russian gas, a key source of energy for Germany and many other EU economies, had continued to flow uninterrupted through pipelines across Ukraine since
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By Peter Valdes-Dapena, CNN Business The Ford F-150 Lightning may be the best pickup truck the company has ever made. All it took was making it completely electric, something that, not long ago, might have seemed off-brand for a traditional truck company like Ford. Newer automakers have so far led the way on electric trucks.
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By Laura He, CNN Business Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no auto maker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data
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By Swati Gupta and Rhea Mogul, CNN India’s top court on Wednesday ordered the temporary suspension of the country’s controversial sedition law, putting pressure on the government which has been accused of misusing it to stifle free speech. The colonial-era law will be paused until the government completes a review, the Supreme Court said. No
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