By Sara Ashley O’Brien, CNN Business Airbnb reported more than 100 million bookings during the first quarter of this year, a record for the company that underscores the turnaround from when its business was decimated in the early months of the pandemic. The resurgence in demand has sent the company’s rental rates to new heights
Continue ReadingBy Jackie Wattles, CNN Business Rocket Lab this week made an ostentatious attempt to catch a rocket as it fell from space using a hook-wielding helicopter that snagged the rocket mid-air only for the pilots to intentionally drop it moments later because of safety concerns. The display is all part of the company’s plan to
Continue ReadingCNN By Brian Fung, CNN Elon Musk appeared to endorse a key European law regulating social media on Monday when he appeared in a video with Thierry Breton, a top EU commissioner and digital regulator. In the video, Breton said he met with Musk to explain the finer points of the Digital Services Act, a
Continue ReadingBy Jackie Wattles, CNN Business Two passengers that flew on one of Blue Origin’s supersonic flights to the edge of space have shared footage of the 10-minute journey captured behind the scenes or inside the capsule during flight, giving a rare glimpse into the full experience. Cameron Bess — who rode alongside their father, venture
Continue ReadingCNN, CNN BUSINESS By Jackie Wattles, CNN Business Two passengers that flew on one of Blue Origin’s supersonic flights to the edge of space have shared footage of the 10-minute journey captured behind the scenes or inside the capsule during flight, giving a rare glimpse into the full experience. Cameron Bess — who rode alongside
Continue ReadingBy Brian Fung, CNN Business The Securities and Exchange Commission is vastly expanding its fight against cryptocurrency fraud by hiring more than a dozen new employees to combat cybercrime, the agency said Tuesday. The additional 20 positions will result in almost a doubling in size of the agency’s Cyber Unit, which is also being renamed
Continue ReadingBy Brian Fung, CNN Some of the nation’s biggest brands including Coca-Cola, Disney and Kraft are facing calls to boycott Twitter if the company’s soon-to-be owner, billionaire Elon Musk, rolls back content moderation policies limiting hate speech and election misinformation. In a letter sent to brands Tuesday ahead of the 2022 NewFronts digital advertising conference,
Continue ReadingCNN By Brian Fung, CNN Some of the nation’s biggest brands including Coca-Cola, Disney and Kraft are facing calls to boycott Twitter if the company’s soon-to-be owner, billionaire Elon Musk, rolls back content moderation policies limiting hate speech and election misinformation. In a letter sent to brands Tuesday ahead of the 2022 NewFronts digital advertising
Continue ReadingBy Jennifer Korn and Jackie Wattles, CNN Business Rocket Lab, which aims to launch satellites into space quickly and cheaply, said it just used a helicopter to catch part of a rocket in mid-air. But the rocket was dropped into the ocean shortly after, ending up having to be fished out of the water. This
Continue ReadingBy Sara Ashley O’Brien, CNN Business The grassroots labor union that made history last month when it formed the first union at an Amazon warehouse in the United States has lost a union election at a much smaller facility just across the street. The election, held last week at the Staten Island sorting facility known
Continue ReadingBy Catherine Thorbecke, CNN Business Amazon is ending its Covid-19 paid sick leave policy starting on Monday, the company said in a memo to employees this weekend that was shared with CNN Business. The return to pre-pandemic sick leave policies means that all US employees will now get up to five days of excused, unpaid
Continue ReadingBy Brian Fung, CNN Business The European Union is warning Apple about possible antitrust violations after an investigation into the iPhone maker’s dominance in mobile retail payments. The European Commission said Monday that it believes Apple has unfairly blocked competitors from using the wireless communications technology behind Apple Pay’s tap-to-pay capabilities. According to a statement
Continue ReadingBy Diksha Madhok, CNN Business India has seized more than $700 million from one of China’s biggest tech companies after accusing it of moving money out of the country illegally. In a statement on Friday, India’s Enforcement Directorate — the country’s main financial investigation agency — accused the Indian subsidiary of smartphone maker Xiaomi of
Continue ReadingBy Rishi Iyengar, CNN Business Just two days after he announced he would buy Twitter, Elon Musk sent out a deluge of tweets about his plans for the social media platform. One stood out for its broad appeal. “Twitter DMs should have end to end encryption like Signal, so no one can spy on or
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Only 2 months old, Orlando is off the Cute-Meter charts when it comes to being a sweet, special pup. We doubt he’ll be at the Humane Society of Central Oregon much longer.
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Leo is a two month old kitten who loves being held and cuddled. Redmond’s BrightSide Animal Center describes him as an overall calm cat with a playful side.
Continue ReadingBy Sara Ashley O’Brien, CNN Business Some Apple employees are pushing back on the tech giant’s return to office pilot program, which will soon require most of its corporate workers to be in the office at least three days per week. The employees, organizing under a newly-formed group known as Apple Together that advocates for
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers at his own political peril. At the opening of a Senate Banking Committee hearing focused on Amazon (AMZN), in which Graham used his initial remarks to blast the
Continue ReadingBy Laura He, CNN Business Just three months ago, Apple became the top-selling smartphone brand in China for the first time in six years. Now it’s fallen back behind its Chinese rivals after suffering more than others from a first quarter slump in sales. Two research reports published this week showed Apple slipping to third
Continue ReadingCNN, CNNBUSINESS By Laura He, CNN Business Just three months ago, Apple became the top-selling smartphone brand in China for the first time in six years. Now it’s fallen back behind its Chinese rivals after suffering more than others from a first quarter slump in sales. Two research reports published this week showed Apple slipping
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