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☆ How to pick a good, affordable college before applying
▼ + stars: | 2024-06-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

New York CNN —Long before you take your high schooler on college campus tours, consider this: Shopping for college shouldn’t be any different than shopping for a home. Getting into that top 25% cohort is based on SAT or ACT scores, and having a high, unweighted GPA based on a rigorous high school curriculum. Other ways to reduce college costs before applyingWhile your children are in high school they can take other steps to reduce the total cost of their education. If their high school doesn’t offer them, there is a program called Freshman Year for Free offered by the Modern States Education Alliance. Getting the minimum AP scores a college requires to earn a college credit will lower how much you ultimately have to spend on tuition.

Persons: New York CNN — Long, ”, Beth Walker, Walker, doesn’t, pare, Mike McKinnon, won’t, Todd Fothergill, Fothergill, you’re, ” Fothergill, ” Walker, Said Walker, “ Organizations: New, New York CNN, shouldn’t, “, College, ”, National Institute of Certified College Planners, Ivy League, Loan, Students, Stafford, American, Tax, of Education College, College Board, Free, Modern States Education Alliance Locations: New York

☆ Epic heat wave to expand from Midwest to East Coast, bringing warnings to 72 million
▼ + stars: | 2024-06-17 | by ( Dennis Romero | Patrick Smith | ) www.cnbc.com time to read: +3 min

Almost 72 million people across the country were under warnings of extreme heat Monday morning, the National Weather Service said. With Thursday's seasonal solstice taking place amid a weeklong heat wave expected for the East Coast and the Midwest, the summer of 2024 is coming in hot. Extreme heat warnings were in place for Chicago, St. Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston, New York City and Albany, New York. The weather service office for Pittsburgh said it "could be the most impactful heat wave of the 21st century." The weather service is also on the lookout for any possible tropical storms developing in the Gulf, it said.

Organizations: National Weather Service, East, Prediction, Midwest, The Nevada Division, Emergency Management, Pittsburgh, Buffalo Public Schools, Dakotas Locations: Phoenix , Arizona, U.S, East Coast, Chicago, St, Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston , New York City, Albany , New York, Ohio, East, Phoenix, Buffalo, Minnesota, Gulf, Mexico, Texas, Louisiana

☆ My son's video game habit worried me but it fueled his interest in coding, robots, and AI. At age 16, he won $55,000 at a science fair.
▼ + stars: | 2024-06-17 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

It helped him, especially in his science fair projects. They both used their coding skills later when they developed AI models for their science fair projects. But video games might have taken my son a step further. John and Pauline did their next science fair project together, expanding on the concept with tomato plants and a rover. John Benedict Estrada and Pauline Estrada stand in front of their science fair project at Regeneron ISEF.

Persons: —, Maria Estrada, It's, they've, John, Mario, Pauline, Dexter, Estrada's, Gordon E, Moore, John Benedict Estrada, Pauline Estrada, ISEF Organizations: Service, Fresno State, Business, Nintendo, PlayStation, Regeneron, Science, Engineering, University of California Locations: ISEF, Berkeley

☆ His wife had a common skin condition and tried expensive creams for over 20 years. She became 'patient zero' for his personalized skincare company — and had clear skin in a month.
▼ + stars: | 2024-06-17 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +10 min

For 20 years after getting pregnant, Cherry Jia tried everything to fade the dark patches on her face. After giving birth to her son, she had melasma, a fairly common skin discoloration caused by hormonal fluctuations during pregnancy. The treatments they sold for dark spots had no effect on her skin. Jia said Musely's top-selling products treat aging concerns like dark spots, rosacea, and hair thinning. MuselyPart of the boom comes from the desire for products that target specific skin concerns, like dark spots or wrinkles.

Persons: Musely, —, Cherry Jia, she'd, Jack Jia, Cherry, Jack Jia Jia, Marie Jhin, he'd, Jhin, Lori Bush, Kimber Maderazzo, dermatologists, Jia, Jhin . Cherry Jia's, Jack Jia's, Musely Jia, estriol, they've, isn't, it's Organizations: Healthcare, Service, Musely, Jhin, FDA, New York Times Locations: drugstores

☆ Jeffrey Gundlach likes this corner of fixed income as the Fed keeps rates high. It's yielding 8%
▼ + stars: | 2024-06-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The timing of cuts from the Federal Reserve is looking uncertain, but fixed income investor Jeffrey Gundlach has a way to play the theme: BB-rated bank loans. Playing the bank loans space The actual bank loans themselves are made by lending institutions to companies. Rather, large institutional investors snap them up and add them to their fixed income portfolios. The Fed's rate policy presents another wrinkle for bank loans: These loans have a floating coupon rate component. Accessibility through ETFs A fixed income sleeve should include exposure to high-quality bonds.

Persons: Jeffrey Gundlach, We've, Gundlach, FFRHX, Collin Martin Organizations: Federal, SEC, Schwab Center, Financial Research, Exchange, Blackstone Senior Loan Locations: BlackRock

☆ I was born blind and with cerebral palsy. My dad raised me alone and fought for me to have everything I needed.
▼ + stars: | 2024-06-16 | by ( Sarah Cerio | ) www.businessinsider.com time to read: +4 min

My dad raised me in the Bronx as a single parent in the 90's. I was born partially blind and with cerebral palsy. Courtesy of the authorAgainst professional advice and threats of losing parental custody during an ongoing court battle against my mother, Dad took me out of the children's hospital. He died and I was adoptedUnfortunately, my father lost custody of me and two years later he died. Also, seeing first-hand how much my dad fought for me made an imprint on her.

Persons: he'd, John, Dad, we'd, She'd, Father's, I've Organizations: Service, Angels Catholic Locations: Bronx, Manhattan, Valhalla

☆ Everyone's talking about running and rucking right now. How to decide which one to add to your fitness routine.
▼ + stars: | 2024-06-15 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Read previewRunning and rucking are hot in the fitness world right now. Running, a mainstay in the fitness world, only continues to grow in popularity. Meanwhile rucking, which involves walking or jogging with a weighted backpack, has become one of the buzziest trends in fitness. urbazon/Getty ImagesCarrying weight is good for bone healthThe biggest difference between rucking and running is the weight-carrying component. Walking with an additional load requires more work from the cardiovascular system and some of your muscles than unloaded walking, Zielinski said.

Persons: —, rucking, Guy Fieri, Allison Zielinski, Luke Worthington, Naomi Campbell, Dakota Fanning, Worthington, Zielinski Organizations: Service, York City Marathon, ABC, Business, Northwestern Memorial Hospital Locations: year's, York, rucking

☆ I was raised by a single dad. Even though he died 2 years ago, I'm still learning how to grieve.
▼ + stars: | 2024-06-15 | by ( Camila Crews | ) www.businessinsider.com time to read: +6 min

Against all odds, he became a successful entrepreneur and accomplished his goal of providing a good life for his family. My earliest memories of my dad are from when he was 40, just two years younger than I am now. He raised me as a single parent after my mom began shuttling between her native Chicago and Providence when I was 9. When I lost my dad in 2022, I foolishly thought I knew how to grieve, having already lost my mom. Ask family and friends to share their favorite memories of your dad, creating a collection to revisit whenever you miss him.

Persons: he'd, shouldn't, I've, it's, I'm, There's Organizations: Service, Labor Locations: Providence , Rhode Island, Chicago, Providence, Los Angeles, East, New Jersey, Jersey, Jamaica, Queens , NY

☆ This sector is loved by Wall Street for its attractive yields and relative value
▼ + stars: | 2024-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

High interest rates have been a boon to Americans holding cash, but many on Wall Street are cautioning investors to start thinking ahead. People have been piling into cash vehicles like money market funds and certificates of deposit since the Federal Reserve started hiking interest rates. Interest rates appear to be staying higher for longer, with the Federal Reserve on Wednesday projecting only one rate cut this year. Agency MBS have a duration of about six years, per the Bloomberg US MBS Index as of June 3, Jones noted. Right now, the residential mortgage-backed securities sector looks attractive because of its relative value compared to investment-grade corporate bonds, he said.

Persons: Jones, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Wells Fargo, Luis Alvarado, Alvarado, Falconio Organizations: Federal Reserve, Investment Company Institute, Schwab Center, Financial Research, Agency MBS, Bloomberg, MBS, UBS, Wells, Wells Fargo Investment Institute, Investors, corporates, UBS America's, AAA Locations: UBS Americas, Wells, Wells Fargo

☆ A man born in Japan — where tipping is rude — is part of a growing number of Americans rejecting tipping in the US
▼ + stars: | 2024-06-13 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

Still, back in the US, he recognized the argument that low-paid workers in the service industry have traditionally relied on tips to earn a living wage. Ozeki never ordered food for deliveryBut he said that recent increases in the minimum wage have changed the landscape — at least in certain states. AdvertisementIn California, for example, the minimum wage for fast-food workers rose by law this year from $16 to $20 an hour. "The current minimum wage at a fast food place is higher than my starting salary 15 years ago," Ozeki said. Have you seen your tips dip recently as a service industry worker?

Persons: —, Ken, Ted Rossman, Rossman, jridley@businessinsider.com Organizations: Service, Business, Franciscan Locations: Japan, California

☆ Disney and DeSantis-backed board ‘come to their senses’ in new agreement
▼ + stars: | 2024-06-12 | by ( Natasha Chen | ) edition.cnn.com time to read: +7 min

“Walt Disney World is inextricably intertwined in the fabric of the state of Florida. And the success of Walt Disney World is the success of Central Florida, and vice versa,” he said. The Disney World resort is currently home to four theme parks and two water parks. It’s been 26 years since Disney has opened a new theme park in Florida,” said Dennis Speigel, owner and founder of International Theme Park Services, a global consultant for theme park projects. Orlando is the Mecca of the theme park industry, and for it to function, Disney and Florida have to function together.”

Persons: Disney, Ron DeSantis, “, ”, Aubrey Jewett, Brian Aungst Jr, Walt, Jeff Vahle, CFTOD, It’s, Dennis Speigel, DeSantis, Bob Chapek, Walt Disney, ” Jewett, Reedy, Jewett, Speigel Organizations: CNN, Disney, Walt Disney, University of Central, Walt Disney World, Walt, World, Park, Universal, Improvement, ” Locations: Florida, Central Florida, University of Central Florida, Reedy, Disney, Orlando, Mecca

☆ 66% of Americans give companies a failing grade for CEO pay
▼ + stars: | 2024-06-12 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Americans are fed up with massive CEO pay packages. Just 13% say companies are doing a good or excellent job at avoiding a major pay gap between CEOs and average employees. For the third year in a row, the vast majority – 66% — say companies are doing a “poor” job here. Politically, the majority of Democrats (96%), independents (83%) and Republicans (67%) agree that it’s important to avoid major pay gaps. The findings show how the issue of CEO pay strikes a chord among many Americans, some of whom are struggling to make ends meet in an increasingly expensive world.

Persons: Gallup, ”, Nell Minow, Elon Musk, Tesla, “, Cynthia Clark, Bernie Sanders, Elizabeth Warren, “ It’s, Bill George, Medtronic, Hock Tan, William Lansing, George, Dave Calhoun, Dodd, Frank, Clark, ” Minow, Minow Organizations: New, New York CNN, Bentley University, Gallup, CNN, ValueEdge Advisors, Associated Press, “, Democrats, Sens, Broadcom, Harvard Business School, Boeing, Congress Locations: New York, ”

☆ U.S. election 'almost certainly will' be a big market event, says Goldman Sachs' Jonny Fine
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. election 'almost certainly will' be a big market event, says Goldman Sachs' Jonny FineJonny Fine, Goldman Sachs global head of investment grade debt, joins 'Squawk on the Street' to discuss the concern around rising yields in Europe, if the economic policy could change in Europe, and if the U.S. election will be a market mover.

Persons: Goldman Sachs, Jonny Fine Jonny Fine Locations: Europe, U.S

☆ National Amusements stops discussions with Skydance on Paramount deal, sources say
▼ + stars: | 2024-06-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

National Amusements has stopped talks with Skydance on a proposed merger with Paramount Global , CNBC's David Faber reported Tuesday. The deal had been awaiting signoff from Redstone, CNBC previously reported. She has approved of their ideas and leadership during their short tenure, CNBC previously reported. This is why it was no surprise when Paramount and Skydance agreed to merger terms earlier in June, CNBC reported. Under those terms, which were still being ironed out up until Tuesday, Redstone would have received $2 billion for National Amusements, CNBC reported.

Persons: Skydance, CNBC's David Faber, Shari Redstone, David Ellison's Skydance, Spokespeople, Redbird, It's, George Cheeks, Chris McCarthy, Brian Robbins, Bob Bakish, Paramount's Organizations: Paramount Studios, Amusements, Paramount Global, Paramount, RedBird Capital, KKR, CNBC, National Amusements, Street, CBS, Paramount Media Networks, Paramount Pictures, Redstone, Apollo Global Management, Sony, Skydance Locations: Los Angeles , California, Redstone

☆ Rachel Maddow Q&A: MSNBC star dishes on the rise of authoritarianism and her worries about becoming a Trump target
▼ + stars: | 2024-06-11 | by ( Oliver Darcy | ) edition.cnn.com time to read: +12 min

What important lesson can we learn from history to help us in this moment? Seeing that in our past should help us expect that and hopefully brace ourselves against it in our own time. You take things case by case, situation by situation, lie by lie. Do you think the news media — as a whole — is adequately covering Trump? I think Americans broadly know that’s happening, but also that they may not necessarily know what to do about it.

Persons: Rachel Maddow, Mary, ” —, Maddow, Donald Trump’s, Isaac, Davy Aronson, Donald Trump, DOJ hasn’t, Kathryn Olmsted’s, Hitler, Charles Coughlin —, there’s, Robert Paxton’s “, ”, Il Mondo, Il, Fox, Rupert Murdoch’s, Trump, he’s, He’s, we’ve, Mike Pence, I’m, it’s, Jay Rosen, “ Organizations: New York CNN, MSNBC, Monday, Electoral College, Republican Party, DOJ, Six, New York Times, TIME, Police, Trump, CNN, Fox News Locations: New York, America, United States, Rome, ”

☆ My son needed brain surgery to stop his seizures. Even though I'm his mom, I had a hard time making decisions.
▼ + stars: | 2024-06-10 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

The author's son was having seizures on a regular basis before his brain surgery. The pandemic delayed Trevor's surgery evaluationsDoctors at Memorial Hermann put Trevor on three different medications, but none of them worked to stop his seizures. A brain surgery to shave away a damaged portion of Trevor's brain looked like the treatment that was most likely to work. Trevor needed tons of testing before he could even be considered for brain surgery. AdvertisementThat's essentially what he did in Trevor's brain.

Persons: Samantha Harney, Trevor didn't, I've, Trevor, he'd, Memorial Hermann, Taylor, Manish Shah, Dr, Shah, he's, He's Organizations: Service, Memorial Hermann Hospital, Business, Memorial Locations: Houston

☆ Collectible toy market: This vintage action figure set a record at auction
▼ + stars: | 2024-06-10 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +11 min

The Rocket-Firing Boba Fett action figure, modeled after the “Star Wars” bounty hunter, was purchased in Dallas by an anonymous buyer for $525,000, Heritage Auctions announced last Monday. Dolls are for girls, action figures are for boysUnlike fine art or sports memorabilia, the collectible action figure market is only a handful of decades old because action figures have only been around since the mid-1960s. “The first action figure was G.I. He recounted how Hasbro executive Don Levine coined the term “action figure” as a marketing tool, because “we can’t call these dolls. Caravoulias recalls laying in bed as a kid in 1985 and wishing he could buy a $5 Rambo II action figure.

Persons: Boba, Barbie, ”, Justin Caravoulias, Joe, Boba Fett, Fett, Kenner, Brian Rachfal, “, Don Levine, ’, “ Nobody, Caravoulias, Price, Tom Derby, Darth Vader, It’s, Rambo, Rachfal, —, Paul Arnold, Arnold, Gary C, Knapp, they’re, ” Caravoulias, Circana, ” “ Barbie, ” James Zahn Organizations: New, New York CNN, “, Heritage Auctions, Heritage, Kenner, Hasbro, CNN, Derby, ‘ Power Rangers Locations: New York, United States, Dallas, American, Virginia Beach, Va

☆ A woman lost 200 pounds over 2 years. It started by walking for 10 minutes and eating one nutritious food a day.
▼ + stars: | 2024-06-10 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +9 min

Mancuso started making small tweaks to her diet and lifestyle, stayed consistent, and the weight came off. Leah MancusoNow 188 pounds, Mancuso, a photographer based in Scottsdale, Arizona, feels like a new person. One nutritious food per dayInstead of trying to overhaul her whole diet, Mancuso started small by eating one nutritious food every day — the first was eggs. Nutrition-wise, Mancuso progressed from eating one nutritious food a day to keeping a food journal. She returned to Disneyland 200 pounds lighterIn December 2023, Mancuso went back to Disneyland nearly 200 pounds lighter than her previous visit.

Persons: —, Leah Mancuso, Mancuso, Wegovy, dieter, Jenny Craig, wouldn't, she'd, Taco Bell, Erica, Jon, Mancuso didn't, Tara Dunn, I'm Organizations: Service, Business, Taco, Nutrition Locations: Scottsdale , Arizona, WeightWatchers

☆ ‘Bad Boys’ Ticket Buyers Toss Will Smith a Career Lifeline
▼ + stars: | 2024-06-09 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

Moviegoers sent Will Smith a clear message over the weekend: We forgive you. “Bad Boys: Ride or Die,” the fourth entry in the Sony Pictures franchise — and Mr. Smith’s first wide release since he slapped Chris Rock at the Academy Awards in 2022 — arrived to roughly $53 million in ticket sales in the United States and Canada, according to Sony. 1 result was a career milestone for Mr. Smith: He now has 15 first-place debuts as a leading man on his résumé. “Ride or Die,” which returned Mr. Smith to one of his signature roles, cost an estimated $100 million to make, not including marketing. The Rotten Tomatoes audience score stood at 97 percent positive on Saturday.

Persons: Will Smith, Smith’s, Chris Rock, —, Smith, Martin Lawrence Organizations: Sony Pictures, Academy, Sony, Rotten Locations: United States, Canada, CinemaScore

☆ How to behave as a superyacht guest
▼ + stars: | 2024-06-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +8 min

Meantime, Giorgio Armani held a party on his yacht for the likes of Sydney Sweeney and Kerry Washington. Being a guest on a superyacht is probably the best kind of guest to be — but the etiquette aboard the multimillion-dollar vessels comes with its own idiosyncrasies. The very few who need to know them — there are only about 5,800 yachts longer than 30 meters at sea, according to SuperYacht Times — already know them. The price to charter Triumph, a 65-meter superyacht, starts at $650,000 a week. According to the industry standard, owning a superyacht will cost 10% of its new-build price annually.

Persons: —, Mark Zuckerberg, Jeff Bezos, Barry Diller, Bezos, Koru, Bill Gates, Ari Emanuel, Leonardo DiCaprio, Eos, Diane von Furstenberg, Candice Bergen, Emma Thompson, Jason Blum, Giorgio Armani, Sydney Sweeney, Kerry Washington, they're, Rich, Fraser, he'd, Superyachts Organizations: Service, Business, SuperYacht, Palm, Breed Media, Fraser Yachts, Lamborghini Locations: superyachts, Aden

☆ US Coast Guard investigation underway after ship collides with underwater object, takes on water in Lake Superior
▼ + stars: | 2024-06-09 | by ( Fabiana Chaparro | ) edition.cnn.com time to read: +1 min

CNN —US and Canadian officials are investigating after a 689-foot ship collided with an underwater object and began taking on water in Lake Superior, the US Coast Guard says. The merchant ship was carrying taconite, a low-grade iron ore, the Coast Guard said on X. Half of the ship’s 22-person crew was removed from the vessel after the incident, according to a news release. The US Coast Guard and Transport Canada will conduct marine casualty investigations to determine if the hull damage was caused by the ship running aground, hitting a fixed or floating object, hull failure or a combination of these, according to Thomas. The ship departed Two Harbors, Minnesota, on Friday and was headed to Thunder Bay in Canada, according to MarineTraffic.com.

Persons: Michipicoten, Lorne Thomas, Thomas Organizations: CNN, US Coast Guard, Coast Guard, Ninth Coast Guard District, Transport Locations: Lake Superior, Isle Royale, Thunder Bay , Ontario, Transport Canada, Harbors, Minnesota, Bay, Canada

☆ Sign Right Here: The Parents Pledging to Keep Kids Phone-Free
▼ + stars: | 2024-06-09 | by ( Alyson Krueger | ) www.nytimes.com time to read: +1 min

Kiley DeMarco recently attended Safety Night at her children’s public elementary school on Long Island. Ms. DeMarco has two children, one in kindergarten and one in first grade. Asking parents in the same school to commit to holding back phones until a certain age made sense to her. “It totally takes the pressure off of us as parents,” she said. “Down the road, when my kids start begging for phones, we can say we signed this pledge for our community and we are sticking to it.”

Persons: Kiley DeMarco, DeMarco, ”, “ Locations: Long

☆ Iran OKs 6 candidates for presidential race, but again blocks Ahmadinejad
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +5 min

He withdrew from the 2017 presidential campaign to support Raisi in his first failed presidential bid. Raisi won the 2021 election, which had the lowest turnout ever for a presidential vote in Iran, after every major opponent found themselves disqualified. Amirhossein Ghazizadeh Hashemi, Raisi's vice president, ran in the 2021 presidential elections and came in last with just under 1 million votes. Raisi, Iranian Foreign Minister Hossein Amirabdollahian and others were killed in the May 19 helicopter crash in the far northwest of Iran. Raisi was the second Iranian president to die in office.

Persons: Ebrahim Raisi, Hossein Amirabdollahian, Mahmoud Ahmadinejad, Ayatollah Ali Khamenei, Khamenei, Mohammad Bagher Qalibaf, Qalibaf, Raisi, Mahsa, Saeed Jalili, Alireza Zakani, Mostafa Pourmohammadi, Amirhossein Ghazizadeh Hashemi, Masoud Pezeshkian, Ahmadinejad, Ali Larijani, Hassan Rouhani, Larinjani, Abdolnasser Hemmati, Eshaq Jahangiri, Mohammad Ali Rajai Organizations: Iran's, firebrand, Raisi, Guardian Council, U.S, paramilitary Revolutionary Guard, Guard, Guardian, Former Iranian Central Bank, Iranian Locations: Qom, Iran, Israel, Tehran, Raisi, Russia, Ukraine, Red, Gaza

☆ I married my best friend while still in college, and we held the wedding on campus. It was the best decision I ever made.
▼ + stars: | 2024-06-08 | by ( Terryn Witherspoon-Woolfolk | ) www.businessinsider.com time to read: +4 min

My future husband was a part of this 10-person group. Oddly enough, that's when my future husband and I finally had a conversation. After nearly two years of friendship, I knew no one could know me like my future husband did. Our wedding date was in the middle of the semester, but it allowed us to have an autumn wedding and have our honeymoon during our fall break. AdvertisementI was afraid that marriage would make college harder or that college would make marriage harder.

Persons: meaninglessly Organizations: Service, Clemson University, Jazz

☆ Behind Boeing's decade-long struggle to launch astronauts on Starliner
▼ + stars: | 2024-06-08 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

Boeing 's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station. Boeing began work on the capsule in 2014, when it signed a $4.2 billion contract with NASA under the agency's Commercial Crew Program. "The entirety of the Commercial Crew Program was very much a new venture," said Caleb Henry, director of research at Quilty Space. Of the nearly $5 billion Boeing has received to develop Starliner to date, the company has spent $1.5 billion to cover delay overruns. SpaceX, meanwhile, has completed over a dozen crewed missions to space, launching both NASA astronauts and private citizens since 2020.

Persons: Caleb Henry, Henry, it's Organizations: Boeing, International Space Station, NASA, SpaceX, Elon

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