Kroger and Albertsons want to create a grocery empire. The last supermarket mega-merger backfired

Kroger and Albertsons want to create a grocery empire. The last supermarket mega-merger backfired

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons planned to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician in the aftermath of a prior supermarket mega-merger: Albertsons’ $9 billion tie-up with Safeway in … Read more

Rail unions decry Biden’s call for Congress to block strike. Businesses praise the plan

Rail unions decry, businesses praise Biden's call for Congress to block strike

New York CNN Business — President Joe Biden was in the unusual position Tuesday of being praised by business interests and attacked by his normal allies in the labor movement after calling for Congress to move immediately to block a strike by more than 100,000 union members at the nation’s freight railroads set for the … Read more

China launches 3 astronauts to new space station

China launches 3 astronauts to new space station

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN — Three astronauts lifted off to China’s nearly completed space station on Tuesday, marking the beginning of the country’s long-term presence in space. It’s a major achievement for China’s ambitious space program, which has … Read more

Rail unions decry, businesses praise Biden’s call for Congress to block strike

Rail unions decry, businesses praise Biden's call for Congress to block strike

New York CNN Business — President Joe Biden was in the unusual position Tuesday of being praised by business interests and attacked by his normal allies in the labor movement after calling for Congress to move immediately to block a strike by more than 100,000 union members at the nation’s freight railroads set for the … Read more

Hawaii volcano: Mauna Loa’s eruption creates rare dual-eruption event with nearby volcano that’s been erupting since 2021

Hawaii volcano: Mauna Loa's eruption creates rare dual-eruption event with nearby volcano that's been erupting since 2021

CNN — As the sun rose Monday on the Hawaiʻi Volcanoes National Park, the sky was ablaze with the glow of two erupting volcanoes. The world’s largest active volcano, Mauna Loa, erupted for the first time in nearly 40 years Sunday night, joining its neighboring volcano, Kilauea, which has been erupting for more than a … Read more

Great Barrier Reef should be placed on the ‘in danger’ list, UN-backed report shows

Great Barrier Reef should be placed on the 'in danger' list, UN-backed report shows

CNN — The Great Barrier Reef should be added to the list of world heritage sites that are “in danger”, a team of scientists concluded after conducting a mission to the world’s largest coral reef system. In a new UN-backed report released on Monday, the scientists said that the reef is facing major threats due … Read more

NASA’s Orion spacecraft reaches record-breaking distance from Earth

NASA's Orion spacecraft reaches record-breaking distance from Earth

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN — The Orion spacecraft, which is at the core of NASA’s historic Artemis I mission, reached its farthest distance from Earth Monday afternoon, shattering the record for the maximum distance a spacecraft designed to … Read more

Rail shutdown: Congress prepares to act after Biden calls on Capitol Hill to ‘immediately’ pass legislation to avert strike

Rail shutdown: Congress prepares to act after Biden calls on Capitol Hill to 'immediately' pass legislation to avert strike

CNN — Democratic leaders say they could act as soon as this week after President Joe Biden on Monday called on Congress to pass legislation “immediately” to warn a rail shutdown by officially adopting a September tentative agreement approved by labor and management leaders. “I am calling on Congress to pass legislation immediately to adopt … Read more

BlockFi files for bankruptcy as contagion grips crypto markets

BlockFi files for bankruptcy as contagion grips crypto markets

New York CNN Business — Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed by the collapse of Sam Bankman-Fried’s empire. BlockFi announced earlier this month that it had halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda. FTX, Alameda … Read more

Elon Musk claims Apple has ‘threatened to withhold’ Twitter from its app store

Elon Musk claims Apple has 'threatened to withhold' Twitter from its app store

New York CNN Business — Elon Musk on Monday claimed that Apple has “threatened” to pull Twitter from its iOS app store, a move that could be devastating to the company Musk just acquired for $44 billion. “Apple (AAPL) has also threatened to withhold Twitter from its App Store, but won’t tell us why,” Musk … Read more