Christopher & Banks is going out of business
Christopher & Banks is joining the long list of retailers filing for bankruptcy and disappearing from America’s malls. The womenswear…
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Germany’s recession wasn’t as bad as 2009
Germany’s economy held up better in the pandemic than it did during the global financial crisis, despite a second wave of lockdowns in the…
Continue Reading Delta turned record profit into a record loss in one year
Delta Air Lines closed the books on the worst year in its history. Thursday, Delta reported a record $6.8 billion loss for 2020, excluding special…
Continue Reading Impeachment has forced Wall Street onto the sidelines
Stocks rallied to record highs as a mob descended on the US Capitol. But now that President Donald Trump has become the first American president in…
Continue Reading The US box office just had a horrible year. 2021 may not be much better
With the coronavirus pandemic shuttering theaters for months on end and major blockbusters delayed into an unforeseeable future, 2020 was one of the…
Continue Reading Xi Jinping wants Starbucks and Howard Schultz to help repair US-China ties
China’s leader has called on Starbucks’ former chairman Howard Schultz to help promote US-China relations, according to Chinese state…
Continue Reading Taco Bell is bringing back potatoes
Taco Bell knows you’re upset about losing potatoes. It’s sorry it hurt you. And it’s bringing them back. Last year, Taco Bell cut a…
Continue Reading Costco is shutting down all of its photo centers
Costco is closing its photo centers at all of its roughly 800 stores next month, ending a number of services that have a decidedly retro vibe. Four…
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Huge step in the wrong direction: Unemployment claims soar
The American jobs crisis is escalating again. States have ratcheted up their virus-prevention measures to combat rising infection rates, and the job…
Continue Reading Chobani reinvented yogurt. Its next target is coffee
When Chobani started selling Greek yogurt in 2007, it upended the market. Now, it wants to do the same for iced coffee. This week, Chobani is…
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Taco Bell’s potatoes are coming back
Taco Bell knows you’re upset about losing potatoes. It’s sorry it hurt you. And it’s bringing them back. Last year, Taco Bell cut a…
Continue Reading New rule could force banks to lend to oil companies
Big banks, climate activists and banking reform advocates don’t agree on much, but they have joined forces to denounce a proposed Trump…
Continue Reading Circle K’s owner offers $20 billion for France’s biggest retailer
Convenience store operators are having a moment. Canada’s Couche-Tard, the owner of Circle K, said in a statement on Wednesday that it’s…
Continue Reading China is winning the trade war and its exports have never been higher
China was already outperforming every other major world economy last year as the coronavirus pandemic upended the globe. It looks like the…
Continue Reading Businesses can’t sever ties with Trump fast enough
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In…
Continue Reading Netflix has doubled its Black workforce since 2017, but says it still needs to hire more Latinos
The number of Black people working at Netflix has doubled over the last three years, but the company admits it has work to do when it comes to adding…
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At a subdued CES, computers provide excitement
In a most unusual time, CES was diminished this year, with lots of companies including Google and Amazon not having a substantial presence and…
Continue Reading Voice of America reassigns White House reporter who tried to ask Mike Pompeo a question
The Voice of America has effectively demoted a reporter who tried to ask questions of Secretary of State Mike Pompeo after he delivered a speech…
Continue Reading Intel ousts CEO and names successor
Intel has named Pat Gelsinger as its new chief executive officer, replacing Bob Swan after a rocky two-year run. The chipmaker recruited Gelsinger…
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What to expect at Samsung’s Galaxy S21 smartphone launch
Samsung is set to update its Galaxy smartphone line about a month ahead of its typical launch schedule. The company, which typically updates new…
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