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
Continue Reading
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
Continue Reading
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
Continue Reading
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
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
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
Continue Reading
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
Continue Reading
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
Continue Reading
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
Continue Reading
By Michelle Toh and CNN’s Bejiing bureau Chinese food delivery service Meituan has sent almost 1,000 extra workers to Shanghai to help supply groceries to millions of residents struggling with life under a strict Covid lockdown. The company announced Thursday that it had rolled out a host of new measures in China’s financial hub, where
Continue Reading
By Laura He, CNN Business China’s unwavering commitment to stamping out Covid by locking down big cities such as Shanghai threatens to deal a hefty shock to its vast economy, place more strain on global supply chains and further fuel inflation. Shanghai — home to China’s leading financial center and some of its largest sea
Continue Reading
By Laura He, CNN Business Tencent is shutting down its game streaming service, the latest retreat by Big Tech in the face of a sweeping crackdown by Chinese regulators that has sharply slowed growth at some of the country’s most powerful internet companies. The streaming platform, Penguin Esports, announced Thursday that it would terminate all
Continue Reading
By Rishi Iyengar, CNN Business On March 14, the same day Russia banned Instagram, Russian tech entrepreneur Alexander Zobov announced he would soon launch a local version of the popular photo and video sharing app called Rossgram. Zobov and his team “were already prepared for this outcome of events in advance and decided not to
Continue Reading By Matt McFarland, CNN Business Tesla held a party Thursday night to mark the opening of its new manufacturing plant in Austin, Texas. Tesla’s new factory will initially produce the Model Y SUV and, next year, the Cybertruck, which has been delayed since being first revealed in 2019. The Texas factory, Tesla’s fourth assembly plant
Continue Reading
By Anneken Tappe, CNN Business Americans got into a lot more debt in February as rampant inflation kept up the pressure, the Federal Reserve’s consumer credit report showed Thursday. Debt levels jumped by nearly $42 billion to a total of almost $4.5 trillion. That’s an annual increase of 11.3%, seasonally adjusted, far outperforming economists’ expectations
Continue Reading
By Anna Bahney, CNN Business As both home prices and mortgage rates rise, buying a home is increasingly unaffordable for a growing number of Americans. Home prices in the first quarter were up by at least 10% from a year ago in two-thirds of the counties tracked in a new report from real estate data
Continue Reading
By Catherine Thorbecke, CNN Business More than 8 million Cash App Investing customers may have had personal data compromised after a former employee downloaded internal reports without permission, parent company Block Inc revealed in a regulatory filing earlier this week. The breach solely impacted Cash App Investing users, according to the filing Monday, not the
Continue Reading
By Jackie Wattles, CNN Business SpaceX is heading back to the launch pad, this time to put a group of four private citizens into orbit for a first-of-its-kind trip to the International Space Station. The trip was put together by Axiom Space, a private startup that’s booking rides with SpaceX and coordinating flights to the
Continue Reading
By Brian Stelter, CNN Business Discovery chief executive David Zaslav on Thursday announced the leadership team for Warner Bros. Discovery, the media conglomerate that will be formed within days when Discovery’s acquisition of WarnerMedia is completed. A raft of WarnerMedia executives have announced their exits in recent days, including CEO Jason Kilar. But some Warner
Continue Reading
By Alicia Wallace, CNN Business The war in Ukraine has thrown the global economy into chaos — and the worst is yet to come, experts say. The conflict has disrupted logistics, business operations and trade pipelines across the world: sea, land and air freight are taking roundabout routes to avoid no-fly zones and hazards of
Continue Reading