Aviation company Volato is going public via a blank-check transaction valuing the combined company at $261 million on an enterprise basis in a deal paired with an unusual funding round. The initial close of the Series A funding was completed in July and involved venture capital firm PROOF.vc, which is a backer of the special…
Russia attacks Ukraine’s Danube port of Izmail Russia has attacked Ukraine’s grain port of Izmail, an inland port across the Danube River from Romania. Ukraine’s defence ministry said a grain silo was damaged. There were no reports of casualties, Odesa’s region governor, Oleh Kiper, wrote in a post on Telegram. Kiper posted several photos showing…
Cleaning the house is already a chore in itself without having to lug a traditional corded vacuum from outlet to outlet. However, vacuuming can be a hassle-free task when you have quality equipment, and if your old vacuum isn’t up to par it may be time for an upgrade. Right now, you can snag the…
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 — Fitch Ratings downgraded US long-term debt late on Tuesday from AAA to AA+, citing…
Trying to sort winners from losers as artificial-intelligence spreads though the economy? The stock market already is, and it goes way beyond Nvidia Corp. and Microsoft Corp. A trio of researchers say companies with workforces ripest for AI streamlining are doing something interesting in the market: beating it. Their study, “Generative AI and Firm Values,”…
WASHINGTON — Ex-President Donald Trump’s unprecedented federal criminal indictment on Tuesday is a compelling, readable narrative of how Trump allegedly wielded “dishonesty, fraud and deceit” on multiple fronts to try to overturn the 2020 election. Trump’s latest criminal indictment comes as he faces other federal charges over mishandling classified documents in Florida and, in a…
If you’ve put wedding guest dress shopping on the back burner for far too long, Amazon is chock-full of beautiful and affordable finds that can arrive in time for upcoming ceremonies. We dug through Amazon’s bustling sale section to find the best wedding guest dresses, and all our picks are on sale. Shoppers can save…
CNN — Beyoncé appeared to skip over Lizzo’s name as she performed “Break My Soul (Queen’s Remix)” at a concert in Boston on Tuesday, following the news that Lizzo is being sued by three former dancers alleging harassment and hostile work environment. Normally, Lizzo’s name appears in the lyrics of “Break My Soul (Queen’s Remix),”…
August 2, 2023 at 6:30 AM EDT This is, you may have heard, the “summer of strikes.” The summer of threatened strikes, at least — more than half the 650,000 workers said to be on or headed for the picket lines in the US were United Parcel Service Inc. employees whose union, the Teamsters, now…
A woman accused of killing a bride when she crashed into a newlywed couple’s golf cart while allegedly driving under the influence must remain in custody as she awaits trial, a South Carolina judge ordered Tuesday. Jamie Komoroski, 25, asked Circuit Court Judge Michael G. Nettles for bail after spending three months behind bars without…