By Pete Muntean and Chris Isidore, CNN Business With just five days until United Airlines will start putting unvaccinated US employees on leave, the company says 97% of workers have complied with its mandate. “United will start the separation process as early as September 28,” confirmed spokesperson Leslie Scott, who noted that only a “small
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By Allison Morrow, CNN Business This week the Wall Street Journal released a series of scathing articles about Facebook, citing leaked internal documents that detail in remarkably frank terms how the company is not only well aware of its platforms’ negative effects on users but also how it has repeatedly failed to address them. There’s
Continue Reading By Allison Morrow, CNN Business This week the Wall Street Journal released a series of scathing articles about Facebook, citing leaked internal documents that detail in remarkably frank terms how the company is not only well aware of its platforms’ negative effects on users but also how it has repeatedly failed to address them. There’s
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By Matt Egan, CNN Business The implosion of Lehman Brothers, 13 years ago this week, showed how the collapse of a single entity can send shockwaves around the world. Echoes from that event are resounding today as a massive property developer on the other side of the world teeters on the brink of default. The
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By Matt McFarland, CNN Business Frustrated Tesla owners continue to wait for “full self-driving,” an expensive and long-delayed software feature that isn’t even guaranteed to help their cars’ resale values. Some of the company’s earliest backers of the “full self-driving” option are even beginning to lose faith in the promise of ever enjoying a truly
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By Hanna Ziady, CNN Business The United Arab Emirates will pour £10 billion ($13.8 billion) into the United Kingdom over the next five years, as the Gulf state seeks to diversify its economy beyond fossil fuels. The UK Office for Investment and UAE sovereign wealth fund Mubadala announced the investment in a statement on Thursday,
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By Kristin Fisher, CNN Business The four people aboard SpaceX’s Inspiration 4 mission flew higher than the International Space Station, but that still may not be enough to earn them their official commercial astronaut wings from the federal government. Astronaut wings don’t have any significance beyond their symbolic value, but they are quickly becoming the
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By Julia Horowitz, CNN Business After months of speculation, Piers Morgan has made his next move: teaming up with media mogul Rupert Murdoch. The controversial British TV personality said Thursday that he’s inked a deal with Murdoch’s News Corp and Fox News Media. He’ll launch a new TV show in early 2022, and will join
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By Nathaniel Meyersohn and Anneken Tappe, CNN US retail sales increased last month as consumers continued to dish out on clothing, furniture and groceries despite rising cases of the Covid-19 Delta variant. Sales beat economists’ expectations, increasing 0.7% in August from the month prior, the Census Bureau said Thursday. Economists surveyed by Refinitiv had forecast
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By Hanna Ziady, CNN Business Marks & Spencer is closing 11 of its stores in France because of supply chain problems related to Brexit. The UK retailer on Thursday said “lengthy and complex” export processes introduced after Brexit had made it difficult to get fresh products such as sandwiches and salads from Britain to Europe.
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By Julia Horowitz, CNN Business The Delta variant continues to be a concern for retailers. But expectations for a merry holiday season remain intact. What’s happening: US retail sales increased last month as consumers continued to dish out on clothing, furniture and groceries. Sales beat economists’ expectations, increasing 0.7% in August from the month prior,
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By Charles Riley, CNN Business Cigarette giant Philip Morris International has taken control of UK inhaler maker Vectura despite objections from health care charities. The producer of Marlboro and Parliament cigarettes said in a statement on Thursday that it had secured nearly 75% of Vectura’s shares, making it the majority shareholder. More than 45% of
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By Jordan Valinsky, CNN Business The newest version of Bud Light is even lighter. Anheuser-Busch has announced the launch of Bud Light Next, the company’s first-ever zero-carb beer. The beverage, which hits shelves in early 2022, comes as health-conscious customers have gravitated toward light beers in recent years — and beer in general is in
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By Jackie Wattles, CNN Business A SpaceX rocket soared into orbit Wednesday evening, carrying four people — none of whom are professional astronauts — and kicking off the first-ever mission to Earth’s orbit crewed entirely by tourists. The launch pad at NASA’s Kennedy Space Center in Florida was dramatically illuminated with spotlights against the night
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By Sara Ashley O’Brien, CNN Business Erika Cheung, a former Theranos lab worker turned whistleblower, testified Wednesday during the trial of founder Elizabeth Holmes about how she grew increasingly uncomfortable about the startup’s ability to accurately conduct blood tests on patients. In her testimony, Cheung detailed her growing concerns about the company’s devices failing quality
Continue Reading By Jackie Wattles, CNN Business A SpaceX rocket soared into orbit Wednesday evening, carrying four people — none of whom are professional astronauts — and kicking off the first-ever mission to Earth’s orbit crewed entirely by tourists. The launch pad at NASA’s Kennedy Space Center in Florida was dramatically illuminated with spotlights against the night
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By Samantha Murphy Kelly, CNN Business Apple’s new iPhone 13 and 13 Pro lineup features all of the predictable upgrades: faster performance, longer lasting battery life, better screen and new colors. But the biggest — and arguably only — surprise with the lineup this year isn’t something found inside a device: the pricing. Apple kept
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By Chris Isidore, CNN Business There is a winner in the race to build the first consumer ready electric pickup truck, and it isn’t Tesla, Ford or General Motors. It’s Rivian. Who? The startup truck maker’s first R1T pickup come off the line in a former Mitsubishi plant in Normal, Illinois on Tuesday, company CEO
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By Jackie Wattles, CNN Business For centuries, a setting sun has signaled the end of fasting rituals on holidays such as Ramadan and Yom Kippur, a cue to tuck into a delicious meal after a full day of deprivation. But what if the sun’s clockwork were to suddenly change, as it does for astronauts riding
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By Anna Bahney, CNN Business A gargantuan residence in Los Angeles dubbed “The One” by its developer is now on track to be sold after the owner defaulted on more than $100 million in loans and debt, according to court documents. In an Instagram post last summer, Nile Niami, the project’s developer, pitched the 105,000-square-foot
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