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Virgin Spaceship Unity and Virgin Mothership Eve take to the skies on it's first captive carry flight on 8th September 2016. Richard Branson will boldly go where no space baron has gone before when he steps onto the supersonic space plane from his rocket venture

Richard Branson on space flight: I’m going to enjoy every second

July 11, 2021 9:38 AM CNN

Virgin Galactic founder Richard Branson will travel to space on a rocket-powered plane. CNN’s Rachel Crane reports from New Mexico where the launch will take place.

Trials of a shorter working week in Iceland have been hailed as an "overwhelming success" by researchers. Researchers said that productivity and services stayed the same or improved across the majority of trial workplaces.

Iceland’s shorter work week trials deemed a success

July 9, 2021 1:07 PM CNN

Public sector employees taking part in two large trials between 2015 and 2019 worked 35-36 hours per week, with no reduction in pay. CNN’s Clare Sebastian spoke with one of the people behind the study.

Exterior view of the New York Stock Exchange (NYSE) and Wall Street in New York on June 15. Wall Street is sharply in the green on July 9

US stocks set new records as Delta variant worries remain

July 9, 2021 3:18 PM CNN Newsource

By Anneken Tappe, CNN Business US stocks rallied to record highs on Friday, rebounding from Thursday’s selloff. The Dow closed 1.3% higher, or 448 points, while the S&P 500 rose 1.1%. The Nasdaq Composite was up nearly 1%. All three indexes reached new all-time highs. They also logged gains for the shortened Independence Day week

Why Marvel’s ‘Black Widow’ is a major moment for Disney+ and movie theaters

July 9, 2021 10:55 AM CNN Newsource

By Frank Pallotta, CNN Business Superhero fans have longed to hear it: A new Marvel movie is being released this weekend. And this one won’t just be in theaters. “Black Widow,” the latest from Disney’s Marvel Studios, opened Thursday night and is set to become the biggest opening since 2019. The film, which stars Scarlett

Here’s why straight-to-streaming blockbusters might never work

July 18, 2021 10:53 AM CNN

As a result of the pandemic, studios started releasing movies in theaters and on streaming on the same day. But is that really a good thing? CNN Business’ Frank Pallotta explains why that strategy may not become the solution for your favorite blockbusters.

Everything you need to know about Richard Branson going to space

July 11, 2021 11:10 AM CNN Newsource

By Jackie Wattles, CNN Business Richard Branson has boldly gone where no space baron has gone before, when he rocketed to more than 50 miles above Earth in the space plane from his rocket venture, Virgin Galactic. Branson’s brief joy ride was more than two decades in the making. He founded Virgin Galactic in 2004

England's forward Harry Kane celebrates after scoring a goal during the UEFA EURO 2020 semi-final football match between England and Denmark in London on July 7. Goldman Sachs predicts that England has a 58% chance of defeating Italy in the Euro 2020 final.

Goldman Sachs bets England will beat Italy this weekend, but…

July 9, 2021 8:23 AM CNN Newsource

By Paul R. La Monica, CNN Business Here’s some good news for long-suffering fans of England’s football (aka soccer) team. Goldman Sachs predicts that England has a 58% chance of defeating Italy in Sunday’s Euro 2020 final. That would be England’s first victory in a major tournament in 55 years — and it would come

Italy defeat Spain on penalties to move onto the Euro 2020 final

July 9, 2021 8:23 AM CNN

Italy defeated Spain on penalties in the first semifinal of Euro 2020 to move onto the final where they await the winner of England vs. Denmark.

Wells Fargo is shutting down all of its existing personal lines of credit

Wells Fargo is closing all personal lines of credit

July 9, 2021 7:06 AM CNN

Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from consumers and advocates.

Automakers are tech companies now

July 9, 2021 6:28 AM CNN Newsource

By Charles Riley, CNN Business The world’s biggest automakers don’t have much in common with tech companies. Volkswagen and General Motors employ hundreds of thousands of workers and operate huge factories on multiple continents. They rely on complicated supply chains to source parts, and they sell their products through brick-and-mortar dealership networks. But investors are

Co-founder of Apple Steve Wozniak addresses the audience during Science Channel's "Silicon Valley: The Untold Story" Screening at Computer History Museum on January 17

Apple co-founder Steve Wozniak: ‘It’s time to recognize the right to repair’

July 9, 2021 3:55 AM CNN Newsource

By Michelle Toh, CNN Business Woz is throwing his weight behind the “right to repair” movement. Apple co-founder Steve Wozniak, known in the tech world by his nickname, spoke out on the issue during a recent appearance on Cameo, a website that lets fans pay celebrities for video messages. In a post to Louis Rossmann,

Richard Branson is attempting to become the first billionaire to travel to space. Branson poses for photographs in the window of a replica of the Virgin Galactic in Hampshire

Richard Branson says he isn’t in a race with Jeff Bezos. But, like, come on

July 8, 2021 9:31 PM CNN Newsource

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. ROCKET MAN This weekend, Richard Branson, the founder of Virgin Galactic, is attempting to become the first billionaire to strap himself to a rocket branded with

NBC faces a challenge producing Tokyo Games after spectators are barred from competitions. This image shows a pictograph of triathlon in Tokyo on July 6.

Olympics 2021: NBC faces ‘hell of a challenge’ producing Tokyo Games after spectators are barred from competitions

July 9, 2021 3:54 AM CNN Newsource

By Oliver Darcy, CNN Business NBC was presented with a new challenge producing the 2021 Olympic Games on Thursday after organizers said that spectators will be prohibited from the Tokyo venues, a move that eliminates a key component of live sports broadcasts and could give the competitions an eerie feel. The setback, which was announced

Fans banned from Olympics as Japan declares COVID state of emergency

July 9, 2021 3:54 AM CNN

Fans were banned from the pandemic-postponed Tokyo Olympics which will open in two weeks, following a state of emergency on Thursday, Olympic Minister Tamayo Marukawa told the Japanese news agency Kyodo.

Wells Fargo shuts down all personal lines of credit, sparking outrage

July 9, 2021 7:06 AM CNN Newsource

By Allison Morrow and Matt Egan, CNN Business Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from consumers and advocates. A spokesperson for the bank said Wells Fargo made the decision last year as part of an effort to simplify its product offerings. The bank feels it can

Microsoft's latest security flaw could have major repercussions.

Microsoft’s Windows security flaw is a big deal. Here’s what you can do about it

July 9, 2021 3:30 PM CNN Newsource

By Samantha Murphy Kelly, CNN Business Microsoft’s latest security vulnerability could have a lingering impact both on consumers and businesses at a time when many around the world are already on high alert for disruptive cyber attacks. Researchers at security firm Sangfor recently found a Windows vulnerability, called PrintNightmare, that could allow hackers to remotely

Instacart names Facebook executive Fidji Simo as CEO. Founder and current CEO Apoorva Mehta will serve as Executive Chairman of the board.

Instacart names Facebook exec Fidji Simo as CEO

July 8, 2021 1:32 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Instacart has tapped one of the top female executives from Facebook to be its next CEO ahead of a possible Wall Street debut. Fidji Simo, who served most recently as a vice president and head of the Facebook App, will replace Instacart’s cofounder Apoorva Mehta as chief executive of

Restaurant workers are calling it quits just as people are starting to dine out again and restaurants rush to reopen.

Restaurant workers are quitting in droves. That might not change anytime soon

July 8, 2021 12:29 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Restaurant workers are calling it quits just as people are starting to dine out again and restaurants rush to reopen. In May, the rate of quits per share of employment in the accommodation and food services sector, which includes restaurants, was 5.7%, according to seasonally adjusted data released this week

Some of the highest gas prices in town are posted on a signboard at a gas station in downtown Los Angeles

Gas prices are above $3. Biden doesn’t have a magic wand to fix that

July 8, 2021 11:57 AM CNN Newsource

By Matt Egan, CNN Business President Joe Biden is being attacked for $3 gasoline. But the truth is the White House isn’t to blame for high gas prices — and has few options to lower them. The seven-year high in gas prices is all about supply and demand. Gas was dirt cheap last spring because

Gas prices are high. Here’s why

July 13, 2021 6:21 AM CNN

People are traveling more but oil supply hasn’t caught up with demand. CNN’s Matt Egan explains why the BIden administration needs to focus on energy diplomacy.