By Atika Shubert and Abeer Salman, CNN Mourners flocked to Jerusalem’s streets on Friday to attend the burial of veteran Al Jazeera journalist Shireen Abu Akleh, who was shot dead on Wednesday while reporting on a military raid in the West Bank city of Jenin, and were met with violence by Israeli police as they
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By Danielle Wiener-Bronner, CNN Business Inflation may be slowing just a bit, but food prices are on fire. Food prices were 9.4% higher in April 2022 than in April 2021 — the largest annual increase in 41 years, the Bureau of Labor Statistics said Wednesday. Grocery prices jumped 10.8% for the year. (The prices do
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By Jackie Wattles, CNN Business SpinLaunch, an ambitious startup that hopes to spin, rather than launch, satellites into orbit, released dizzying footage of a test flight that the company conducted out of New Mexico. The test flight last month, which marked the company’s eighth since October 2021, was the first to include an on-board camera.
Continue Reading By Nadeen Ebrahim and Abbas Al Lawati, CNN Veteran Palestinian-American journalist Shireen Abu Akleh was a household name in the Arab world. For two and a half decades, she chronicled the suffering of Palestinians under Israeli occupation for tens of millions of Arab viewers. Abu Akleh, 51, was shot dead in the West Bank on
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By Paul R. La Monica, CNN Business Elon Musk’s bold plan to buy Twitter depends partly on how his investment in Tesla is doing. Uh-oh. Shares of Tesla have plummeted about 20% since Musk first disclosed plans to buy all of Twitter and take it private. That’s a key reason why Twitter’s stock is now
Continue Reading By Paul R. La Monica, CNN Business Elon Musk’s bold plan to buy Twitter depends partly on how his investment in Tesla is doing. Uh-oh. Shares of Tesla have plummeted about 20% since Musk first disclosed plans to buy all of Twitter and take it private. That’s a key reason why Twitter’s stock is now
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By Peter Valdes-Dapena, CNN Business The Salton Sea Basin feels almost alien. It lies where two enormous chunks of the Earth’s crust, the North American Plate and the Pacific Plate, are very slowly pushing past one another creating an enormous low spot in the land. It’s a big, flat gray desert ringed with high mountains
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By Chris Isidore, CNN Business Electric truck maker Rivian delivered some much needed assurance to Wall Street Wednesday, even as it reported a larger than expected first quarter loss. The company said that it had 7,000 new orders for its R1 electric pickup in the last two months, bringing total net orders up to 90,000
Continue Reading By Jackie Wattles, CNN Business SpinLaunch, an ambitious startup that hopes to spin, rather than launch, satellites into orbit, released dizzying footage of a test flight that the company conducted out of New Mexico. The test flight last month, which marked the company’s eighth since October 2021, was the first to include an on-board camera.
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By Paul R. La Monica, CNN Business Worries about an economic slowdown are running wild on Wall Street. Despite concerns about inflation, higher interest rates from the Federal Reserve, supply chain issues and geopolitical turmoil due to Russia’s invasion of Ukraine and Covid outbreaks in China, American consumers continue to do what they do best:
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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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