By Jackie Wattles, CNN Business Boeing’s long-awaited spacecraft, called Starliner, is still facing a long road ahead before it’ll be ready to fly astronauts, the company said on Tuesday. It is still working to address an issue with the vehicle’s propulsion system that was discovered just hours before it was slated to launch a crucial
Continue Reading
By Kristin Fisher and Jackie Wattles, CNN Mark “Forger” Stucky, who for six years headed the test pilot program at space company Virgin Galactic before he says he was fired earlier this year, is taking a job with the company’s chief competitor, Blue Origin. Stucky said he will join Blue Origin’s “Advanced Development Programs” team,
Continue Reading
By Frank Pallotta, CNN Business Netflix now has 213.5 million subscribers globally, having added 4.4 million subscribers in the third quarter of 2021, the company reported on Tuesday. That number beat the streaming service’s own expectations as well as those of analysts. The company also forecast that it would have 222 million subscribers for the
Continue Reading
By Jordan Valinsky, CNN Business Katie Couric says she has “no relationship” with Matt Lauer, her former ‘Today’ co-anchor who was fired in 2017 for inappropriate sexual behavior. She spoke out on her former show Tuesday to promote the release of her new memoir, “Going There.” In an interview with current ‘Today’ host Savannah Guthrie,
Continue Reading
By Vanessa Yurkevich, CNN The trucking industry is short 80,000 drivers, a record high, Chris Spear, President and CEO of the American Trucking Associations, tells CNN. That’s a 30% increase from before the pandemic, when the industry already faced a labor shortage of 61,500 drivers. “That’s a pretty big spike,” Spear added. Many drivers are
Continue Reading
By Paul R. La Monica, CNN Business Forget about The Grinch: It looks like supply chain disruptions may steal Christmas this year. But will these problems be resolved by early 2022? Several retailers, manufacturers and economists have all warned that global supply chain constraints will lead to not only fewer discounts during the holidays but
Continue Reading By Paul R. La Monica, CNN Business Forget about The Grinch: It looks like supply chain disruptions may steal Christmas this year. But will these problems be resolved by early 2022? Several retailers, manufacturers and economists have all warned that global supply chain constraints will lead to not only fewer discounts during the holidays but
Continue Reading By Oliver Darcy, CNN Business CNN anchor and Chief National Correspondent John King told viewers on Tuesday that he has multiple sclerosis and is immunocompromised. “I’m going to share a secret I’ve never shared before,” King said. “I have multiple sclerosis. So I’m grateful you’re all vaccinated.” The disclosure came on King’s program, “Inside Politics,”
Continue Reading By Oliver Darcy, CNN Business CNN anchor and Chief National Correspondent John King told viewers on Tuesday that he has multiple sclerosis and is immunocompromised. “I’m going to share a secret I’ve never shared before,” King said. “I have multiple sclerosis. So I’m grateful you’re all vaccinated.” The disclosure came on King’s program, “Inside Politics,”
Continue Reading
By Matt Egan, CNN Business President Joe Biden’s $1.9 trillion American Rescue Plan is contributing to elevated inflation but it isn’t expected to overheat the economy, a new research paper from the San Francisco Federal Reserve concludes. The package signed into law in March included stimulus checks, enhanced unemployment benefits, small business loans, aid to
Continue Reading
By Samantha Murphy Kelly, CNN Business Almost immediately after Apple unveiled its new AirPods product in 2016, the memes began. There were photoshopped pictures of electric toothbrushes dangling from ears and jokes about the wireless earbuds resembling miniature hair dryers, oversized plastic earrings and Snoopy. But over the years, AirPods have emerged as a surprise
Continue Reading
By Samantha Murphy Kelly, CNN Business Google’s Pixel smartphones are taking a big step toward becoming a true Apple iPhone and Samsung Galaxy competitor. At a virtual press conference on Tuesday, the company showed off the new 6.4-inch Pixel 6 and 6.7-inch Pixel 6 Pro, which run on Android 12, Google’s most significant software update
Continue Reading
By Nathaniel Meyersohn, CNN Business Procter & Gamble, one of the country’s largest consumer goods manufacturers, said Tuesday that it’s raising prices on certain grooming, beauty and oral care products for retail customers to combat higher costs. It’s the latest round of price hikes announced by the company. Other major consumer manufacturers and stores have
Continue Reading
By Clare Duffy, CNN Business Years before Microsoft’s board investigated a romantic relationship that founder Bill Gates had with an employee, Gates was told by fellow executives to stop inappropriately emailing with a different employee, Microsoft confirmed on Monday. In 2008, when Gates was still a Microsoft employee and chairman of the board, executives discovered
Continue Reading
By Sara O’Brien, CNN Business To many people a decade or so ago, Elizabeth Holmes was the founder of high-flying blood-testing startup Theranos. To Daniel Edlin, she was the sister of his Duke University college buddy, Christian. Edlin met Holmes through Christian and later joined Holmes’ brother working for Theranos as a senior product manager
Continue Reading
By Parija Kavilanz, CNN Business Every year shoppers expect to find plenty of juicy deals when they start their end-of-year holiday gift buying. This year, those deep discounts could be harder to come by, and a stalled global supply chain is to blame. Retailers across the board are struggling with their merchandise getting stuck on
Continue Reading By Jordan Valinsky, CNN Business Katie Couric says she has “no relationship” with Matt Lauer, her former ‘Today’ co-anchor who was fired in 2017 for inappropriate sexual behavior. She spoke out on her former show Tuesday to promote the release of her new memoir, “Going There.” In an interview with current ‘Today’ host Savannah Guthrie,
Continue Reading By Jordan Valinsky, CNN Business Katie Couric says she has “no relationship” with Matt Lauer, her former ‘Today’ co-anchor who was fired in 2017 for inappropriate sexual behavior. She spoke out on her former show Tuesday to promote the release of her new memoir, “Going There.” In an interview with current ‘Today’ host Savannah Guthrie,
Continue Reading
By Paul R. La Monica, CNN Business Cryptocurrency investors finally got what they’ve been clamoring for as the first bitcoin-linked, exchange-traded fund launched Tuesday. The ProShares Bitcoin Strategy ETF began trading at $40 a share under the ticker symbol “BITO” and finished the day up 5%. The ProShares fund is the first of what is
Continue Reading Opinion by Denise Hamilton for CNN Business Perspectives Despite promises from across the corporate world to diversify leadership and give people of all backgrounds equal opportunities, women of color remain stuck with little to no progress in sight. A recent study from McKinsey and LeanIn.org found that while women overall have more high-ranking roles than
Continue Reading