Kohl’s and Gap have a surprising plan for this season’s unsold clothing
By Nathaniel Meyersohn, CNN Business Retailers are overstocked on clothing, and some are packing it away in hopes of selling it in future seasons.…
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Consumers are still buying lots of furniture, electronics, home decor and clothing — from each other
By Parija Kavilanz, CNN Business Savvy consumers have found a way around sky-high inflation to keep buying more than just necessities. They’re…
Continue ReadingThe pandemic was bad for Britain’s iconic pubs. This could be worse
By Julia Horowitz, CNN Business First it was the coronavirus pandemic that forced pubs to shut their doors and rely on government support to survive…
Continue ReadingRich people are worried about spending. That’s bad news for everyone else
By Nicole Goodkind, CNN Business After a period of angst, Americans appear to be feeling a bit better about the economy. What’s happening: The…
Continue ReadingFed Chair Jerome Powell says ‘some pain’ is on the horizon. Here’s what that means
By Alicia Wallace, CNN Business In a blunt speech last Friday, Federal Reserve Chairman Jerome Powell warned that the central bank’s battle…
Continue ReadingMukesh Ambani prepares to hand a $220 billion empire to his children
By Diksha Madhok, CNN Business Indian billionaire Mukesh Ambani has laid out plans to hand his sprawling business empire to his children, while…
Continue ReadingChina stocks hit four-week low as Covid cases spread and factory output shrinks
CNN By Laura He, CNN Business Chinese markets fell on Wednesday as global investors continue to deal with the aftermath of Federal Reserve chair…
Continue ReadingIndian billionaire Gautam Adani is now the world’s third richest man
By Michelle Toh, CNN Business Gautam Adani was already Asia’s richest man. Now he’s also the world’s third richest person,…
Continue ReadingChina shuts world’s largest electronics market as Shenzhen imposes more lockdowns
By Nectar Gan and CNN’s Beijing bureau China’s southern city of Shenzhen on Monday shut down the world’s largest electronics market…
Continue ReadingEuropean power prices shatter records as energy crisis intensifies
By Julia Horowitz, CNN Business Power prices in Europe continue to smash records, intensifying the region’s energy crisis and fanning fears…
Continue ReadingMadam C.J. Walker, America’s first female self-made millionaire, is now a Barbie
By Zoe Sottile, CNN Madam. C.J. Walker, the first self-made female millionaire in the U.S., is the next female role model to be honored in…
Continue ReadingDeLorean’s new car looks nothing like the one you remember. Here’s why
By Peter Valdes-Dapena, CNN Business If you’ve seen the new DeLorean Alpha5 electric car, you might be disappointed that it doesn’t look…
Continue ReadingStocks may fall even further. Here’s how to protect your portfolio
By Jeanne Sahadi, CNN Business Things were starting to look up for investors. After stocks got clobbered in the first half of the year, they started…
Continue ReadingIt now costs more than $300,000 to raise a child, thanks to inflation
By Ramishah Maruf, CNN Soaring inflation has made almost everything more expensive. And it has significantly increased the cost of one major budget…
Continue ReadingHonda, LG announce $4.4 billion US battery factory for EVs
By Matt McFarland, CNN Business Honda has struck a deal with Korean battery giant LG Energy Solution to build a $4.4 billion US factory to supply its…
Continue ReadingStarbucks’ Pumpkin Spice Latte is coming back at a higher price
By Jordan Valinsky, CNN Business Not even Starbucks’ Pumpkin Spice Latte is immune to inflation. The fall favorite, which returns Tuesday, is…
Continue ReadingOpinion: Social media companies like Twitter can’t be trusted to regulate themselves
CNN, CNN BUSINESS Opinion by Kara Alaimo for CNN Business Perspectives The latest bombshell about Twitter’s alleged lack of security and…
Continue ReadingOpinion: Social media companies like Twitter can’t be trusted to regulate themselves
Opinion by Kara Alaimo for CNN Business Perspectives The latest bombshell about Twitter’s alleged lack of security and potential…
Continue ReadingStocks slip in volatile trading as investors prepare for more big rate hikes
By Paul R. La Monica, CNN Business Welcome to the lazy, crazy days of summer on Wall Street. Stocks fell again Monday in a choppy session. So it…
Continue ReadingStocks start off September with a late day rally
CNN By Paul R. La Monica, CNN Business New month. Same old market volatility. Stocks rallied at the end of first day of September, which is…
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