By Jackie Wattles, CNN Business A spacewalk was cut short just a few hours into what was intended to be a nearly seven-hour spacewalk after a Russian cosmonaut was repeatedly ordered to drop what he was working on and return to the International Space Station’s airlock because of an issue with his spacesuit. NASA officials
Continue Reading By Chris Isidore, CNN Business The union that was the first to win a representation vote at an Amazon facility has filed for an election among about 400 employees at another Amazon distribution center. The facility is in suburban Albany, New York. The National Labor Relations Board, which oversees union representation votes, has confirmed the
Continue Reading By Paul R. La Monica, CNN Business Dollar stores, as their name suggests, offer inexpensive products for bargain-hungry shoppers. But even Dollar General and Dollar Tree, which have thrived this year as rampant inflation has helped boost sales, are starting to feel the pinch of a slowing economy. Dollar General and Dollar Tree both reported
Continue Reading By Matt McFarland, CNN Business The newly signed Inflation Reduction Act will have big implications for electric vehicle buyers. Some popular electric vehicles may become eligible for a tax credit once again, while other cars that were eligible this month will not be for the foreseeable future. Here’s what you need to know as a
Continue Reading By Jackie Wattles, CNN Business A spacewalk was cut short just a few hours into what was intended to be a nearly seven-hour spacewalk after a Russian cosmonaut was repeatedly ordered to drop what he was working on and return to the International Space Station’s airlock because of an issue with his spacesuit. NASA officials
Continue Reading By Jeanne Sahadi, CNN Business It’s been a tough year for crypto investors as they’ve watched the price of their digital assets plummet. Bitcoin, for example, is trading about 65% off its all-time high, which it hit only nine months ago. If you bought a cryptocurrency when it was on the rise and sold your
Continue Reading By Matt Egan, CNN Business US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of falling prices at the gas pump. Natural gas futures surged 7% on Tuesday to close at $9.33 per million British thermal unit (BTU), the highest closing price since August 1,
Continue Reading By Vanessa Yurkevich, CNN Business Nearly three quarters of US farmers say this year’s drought is hurting their harvest — with significant crop and income loss, according to a new survey by the American Farm Bureau Federation, a lobbying group that represents agricultural interests. This year’s drought conditions are taking a harder toll than last
Continue Reading By Jennifer Korn, CNN Business Weeks after Airbnb said it would permanently ban parties at properties rented through its platform, the company is deploying so-called “anti-party technology” in the United States and Canada to help enforce the measure. The new system analyzes a variety of factors, according to a company announcement Tuesday, including previous reviews,
Continue Reading By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a release as a “sister” cookie to the iconic Thin Mints, replaces the mint filling with a raspberry-flavored one. It’s dipped in the “same delicious chocolaty coating” as its sibling. For the first
Continue Reading By Jordan Valinsky, CNN Business The Girl Scouts are adding a new, raspberry-flavored cookie to the lineup. The Raspberry Rally, described in a release as a “sister” cookie to the iconic Thin Mints, replaces the mint filling with a raspberry-flavored one. It’s dipped in the “same delicious chocolaty coating” as its sibling. For the first
Continue Reading By Jordan Valinsky, CNN Business With football season approaching, Buffalo Wild Wings is adding a new menu item that’s all but synonymous with the sport: pizza. For the first time, the sports bar chain is adding pizza to its menu -— with a unique spin. Buffalo Wild Wings pizzas, available beginning Wednesday for $9.99, feature
Continue Reading Martha C. White for CNN Business With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month. But persistent inflation has reshaped their shopping habits. In July, US retail sales were flat compared to the previous month, the Census Bureau reported Wednesday. That marks a slowdown from June,
Continue Reading By Julia Horowitz, CNN Business Are Americans still reaching for their wallets, even as high inflation forces households to contend with higher bills? The fierce debate over whether the United States is in a recession could hinge on that question, sending economists and investors scrambling to unearth more data that provides clarity. One important set
Continue Reading By Chris Isidore, CNN Business Target reported profit plunged 90% in the second quarter, falling far short of expectations, as inflation-weary customers pulled back on spending on nonessential items. Retailers, including Target, have been forced to cut prices on general merchandise, such as clothing, electronics and home goods, because of excess inventory of goods. Consumers
Continue Reading By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less than you did just a year ago. That dollar covers 15 cents less on utility bills and it’s worth six cents less on your rent and housing costs. That adds
Continue Reading By Laura He, CNN Business Chinese Premier Li Keqiang has urged China’s wealthiest provinces to “bravely take the lead” to bolster growth and employment, a day after official data painted a gloomy picture for the world’s second largest economy. Li — the No. 2 in the hierarchy of China’s ruling Communist Party — has been
Continue Reading By Diksha Madhok, CNN Business The richest man on earth has once again created chaos and commotion on the internet with his tweets. Tesla’s billionaire CEO Elon Musk tweeted late on Tuesday that he was buying Manchester United soccer club. “Also, I’m buying Manchester United ur welcome,” Musk told his 103 million followers on Twitter,
Continue Reading By Mark Thompson, CNN Business Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and piling further pain on households already struggling to pay their bills. Annual consumer price inflation hit 10.1% in July, according to data published by the Office for National
Continue Reading By Rob McLean, CNN Business GM is recalling hundreds of thousands of vehicles because of a problem with third-row seatbelts. The National Highway Traffic Safety Administration indicated on August 11 that GM is recalling 2021-2022 Cadillac Escalades, Chevrolet Suburbans, Tahoes and GMC Yukons that have third-row seats. “The rivet that retains the buckle to the
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