CNN — A planned spacewalk by the Russian space agency Roscosmos has been called off following the discovery of a coolant leak coming from the Soyuz MS-22 spacecraft, which is currently docked to the International Space Station. NASA’s Rob Navias, speaking on the NASA TV broadcast, called it a “fairly significant” leak. Live images during […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Investors around the world have been trying to adjust their portfolios to contend with […]
Hong Kong CNN — An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even home remedies such as canned peaches, leading to shortages online and in stores. Authorities said Wednesday they had detected 2,249 symptomatic Covid-19 cases nationally through nucleic acid testing, 20% of which were […]
Washington, DC CNN — The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an acknowledgment that inflation is finally easing. The increase marks a shift for the central bank after an unprecedented year that includes seven-straight rate hikes as part of an aggressive campaign to […]
London CNN Business — An electric scooter service just became the only company to pull off an initial public offering in Russia this year. Whoosh, which made its debut on Wednesday, said that it had raised 2.1 billion rubles ($32.6 million) through the listing, giving it a valuation of 20.6 billion rubles ($320 million). “In […]
New York CNN — As federal prosecutors seek to imprison former crypto darling Sam Bankman-Fried, Sen. Elizabeth Warren is attempting to push through Congress a bipartisan crackdown on money laundering in the crypto industry. The Massachusetts Democrat is teaming up with Republican Sen. Roger Marshall of Kansas to introduce new legislation on Wednesday that would […]
New York CNN — John J. Ray III, who made his name overseeing the liquidation of Enron in the early 2000s, is the man in charge of sifting through the rubble of FTX, the once-mighty cryptocurrency exchange — founded in 2019 and run into the ground by 2022 by Sam Bankman-Fried. On Tuesday, Ray testified […]
Minneapolis CNN — Inflation as measured by the Consumer Price Index cooled considerably in November and is at its lowest level in almost a year. Prices rose 7.1% annually in November, down from 7.7% in October, according to the Bureau of Labor Statistics’ closely watched index, which measures the change in prices paid by consumers […]
New York CNN — United Airlines placed a massive order for as many as 200 Boeing planes on Tuesday, split between two models dogged by recent problems: the 737 Max and the 787 Dreamliner. It’s a crucial vote of confidence for Boeing, which took tens of billions of dollars in financial losses due to the […]
New York CNN — The Federal Reserve is expected to raise interest rates by half a point at the conclusion of its two-day policy meeting on Wednesday, an indication that the central bank is pulling back on its aggressive stance as signs begin to emerge that inflation may be easing. Although that increase would be […]
