By Jackie Wattles, CNN Business The first all-private mission to the International Space Station is slated to complete the final leg of its journey this week, capping off what will be about a 12-day, multimillion-dollar journey. The mission, called AX-1, was brokered by the Houston, Texas-based startup Axiom Space, which books rocket rides, provides all
Continue Reading By Jackie Wattles, CNN Business A SpaceX capsule carrying three paying customers and a former NASA astronaut has arrived at the International Space Station, finishing the first leg of this first-of-its-kind mission that will last about 10 days. The mission launched from Kennedy Space Center in Florida on Friday morning. And the spacecraft, which separated
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By Nathaniel Meyersohn, CNN Business No one has ever confused the service at fast food joints for luxury hotels. But two decades ago, Chick-fil-A borrowed a tactic from The Ritz-Carlton that would become a central element of its brand culture: Employees replying to customers who thank them by saying “my pleasure,” instead of “you’re welcome”
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By Julia Horowitz, CNN Business When people took to the streets in Egypt in 2011, protesters chanted about freedom and social justice — but also bread. The cost of pantry staples had jumped because of the skyrocketing price of goods like wheat, stoking fury with President Hosni Mubarak. Now, more than a decade after the
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By Anneken Tappe, CNN Business Having children is expensive, no matter where in the world you live. But, while America finds itself in the middle of the cost scale, China has become one of the priciest places to raise kids. South Korea tops the list of most expensive places to raise a child from birth
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By Anneken Tappe, CNN Business America’s inflation problem didn’t abate in March. Prices kept creeping up, hitting a fresh 40-year high, data from the Bureau of Labor Statistics showed Tuesday. The Consumer Price Index rose 8.5% for the year ended in March, not adjusted for seasonal swings. That outpaced February’s elevated reading of 7.9% and
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By Brian Stelter, CNN Business Discovery’s merger with WarnerMedia took effect on Friday afternoon, creating a streaming media giant led by CEO David Zaslav. The deal combines two treasure troves of content and foreshadows further changes in the streaming era. The newly formed company, Warner Bros. Discovery, will begin publicly trading on Monday. Zaslav said
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By Frank Pallotta, CNN Business “Dancing with the Stars” is headed to streaming. Disney announced Friday that the series, in which celebrities compete to be named the best ballroom dancer, will exclusively air on Disney+ in the US and Canada starting in the fall. It’s the first live series to debut on the streaming service,
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By Sara Ashley O’Brien, CNN Business One week after Amazon workers at a New York City warehouse made history by voting to form a union, the tech giant is calling for a do-over election in filing Friday that lays out 25 objections that form the basis of its appeal. In its filing to the National
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By Paul R. La Monica, CNN Business The globally loved Formula 1 racing is winning more US fans, thanks largely to Netflix’s popular “Drive to Survive” reality show and ESPN’s coverage of the races. And F1’s stock is red hot, too. The company is owned by Liberty Media — the conglomerate controlled by John Malone
Continue Reading By Paul R. La Monica, CNN Business The globally loved Formula 1 racing is winning more US fans, thanks largely to Netflix’s popular “Drive to Survive” reality show and ESPN’s coverage of the races. And F1’s stock is red hot, too. The company is owned by Liberty Media — the conglomerate controlled by John Malone
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By Jackie Wattles, CNN Business Three NASA astronauts and a European astronaut splashed down aboard their SpaceX Crew Dragon capsule off the coast of Florida after midnight Friday morning, capping off their six-month mission during which they worked alongside Russian cosmonauts and hosted the first all-private crew to visit the orbiting outpost. The crew of
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By Anna Cooban, CNN Business European leaders have agreed to phase out Russian coal imports as part of a new package of sanctions triggered by evidence of atrocities in Bucha, Ukraine. An oil embargo could be next. All forms of Russian coal will be banned from the European Union, a move that the European Commission
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By Jeanne Sahadi, CNN Business You know you have to pay taxes. So you may not be eager to spend yet more money to work with a tax professional. But since taxes affect most areas of your life — and since tax laws change all the time — there are several situations when it makes
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By Jackie Wattles, CNN Business A SpaceX rocket carrying three paying customers and a former NASA astronaut took off from Kennedy Space Center in Florida on Friday morning, kicking off a first-of-its-kind mission that will take the group on a 10-day mission to the International Space Station. The spacecraft, which separated from the rocket after
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By Catherine Thorbecke, CNN Business Nearly two years before Japanese fashion titan Yusaku Maezawa embarked on his recent tourist visit to the International Space Station, he made global headlines for launching a worldwide search for a “life partner” to go to the moon with him. In his online appeal for love, Maezawa, who was 44
Continue Reading By Catherine Thorbecke, CNN Business Nearly two years before Japanese fashion titan Yusaku Maezawa embarked on his recent tourist visit to the International Space Station, he made global headlines for launching a worldwide search for a “life partner” to go to the moon with him. In his online appeal for love, Maezawa, who was 44
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By Julia Horowitz, CNN Business Investors are worried that the risks of a recession are rising in the United States. In Europe, they fear economies could also stall while inflation soars, delivering the toxic combination known as “stagflation.” That’s encouraging Wall Street to buy up defensive stocks that have historically performed well even under difficult
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By Chris Liakos and Anna Cooban, CNN Business Russian metals company Rusal has called for an investigation into the killing of civilians in Bucha, a suburb of the Ukrainian capital Kiev. Rusal Chairman Bernard Zonneveld said in a statement that recent reports of atrocities from the town, which was occupied by Russian troops for a
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By Danielle Wiener-Bronner, CNN Business A deadly and highly infectious avian flu is forcing US farmers to kill millions of egg-laying hens, reducing the country’s egg supply and driving up prices. On Thursday, retailers paid between $2.80 and $2.89 for a dozen large grade A white eggs in the Midwest, according to the USDA’s daily
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