Bed Bath & Beyond was a retail pioneer. Here’s what went wrong
By Nathaniel Meyersohn, CNN Bed Bath & Beyond, America’s quintessential home furnishings’ chain, is fighting to stay in business.…
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Discovery+ is sticking around. It’s a strategy shift for Warner Bros. Discovery
By Jordan Valinsky, CNN Discovery+ isn’t disappearing, after all. Warner Bros. Discovery, CNN’s parent company, has decided to continue…
Continue Reading Discovery+ is sticking around. It’s a strategy shift for Warner Bros. Discovery
By Jordan Valinsky, CNN Discovery+ isn’t disappearing, after all. Warner Bros. Discovery, CNN’s parent company, has decided to continue…
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Your Super Bowl party won’t break the budget this year, but watch out for beer
By Parija Kavilanz, CNN With just days to go to Super Bowl LVII, it’s crunch time if you’re hosting a party this year. That means…
Continue ReadingNigeria delays plans to replace its banknotes after chaotic scenes at ATMs
By Nimi Princewill and Stephanie Busari, CNN Nigeria was forced Wednesday to delay plans to replace its banknotes with a redesigned currency after…
Continue ReadingTaco Bell’s breakfast sales soar. It can thank Pete Davidson
By Jordan Valinsky, CNN Breakfast at Taco Bell has been saved — and the chain has Pete Davidson to thank. Sales of Taco Bell’s breakfast…
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British postal service unveils first stamps featuring King Charles III
By Issy Ronald, CNN Business The first stamps featuring King Charles III were unveiled on Wednesday by the Royal Mail, the British postal service.…
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How companies are trying to help victims of the earthquake in Turkey and Syria
By Olesya Dmitracova, CNN Companies around the world are racing to provide help to the victims of the devastating earthquake straddling Turkey and…
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Turkey’s stock market halted after earthquake leads to sharp selloff
By Anna Cooban, CNN Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south,…
Continue Reading Turkey’s stock market halted after earthquake leads to sharp selloff
By Anna Cooban, CNN Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south,…
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Here’s what keeps Jerome Powell up at night and interest rates high
By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell threw markets into a tizzy on Tuesday as he spoke about the economy alongside his…
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US-China trade defies talk of decoupling to hit record high in 2022
By Juliana Liu, CNN Trade between the United States and China hit a record high in 2022, even as political tension heightened between the…
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Rail unions reach deal with CSX railroad for paid sick time
By Vanessa Yurkevich, CNN CSX Transportation announced Tuesday that it had reached a deal with two railroad unions regarding paid sick leave. The…
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Chinese savers stashed away $2.6 trillion last year but property crash will cool ‘revenge spending’
By Laura He, CNN Even for a famously frugal nation, Chinese people saved a lot last year. Stuck at home due to Covid restrictions, they socked away a…
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IRS suggests waiting to file your taxes if you got a special payment from your state in 2022
By Jeanne Sahadi, CNN Business Millions of Californians in 2022 got a special check from their state government to offer relief from a variety of…
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Want your tax refund faster? Here’s what to do
By Jeanne Sahadi, CNN However you feel about doing your taxes, chances are that, if you expect to get a refund, you’ll want it fast. The IRS…
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Americans are becoming ‘reluctant’ to make larger purchases, new Fed report shows
By Alicia Wallace, CNN As retail sales took a bit of a breather in December, so did the credit cards. US consumers’ outstanding credit grew by…
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Are we on the brink of a corporate credit crisis?
By Nicole Goodkind, CNN Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation…
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Fed Chair Powell: Inflation fight will take ‘a significant period of time’
By Alicia Wallace, CNN The US labor market remains “extraordinarily strong” and Friday’s monster jobs report underscored that the…
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Inflation was still hot in January, but some prices are cooling off
By Alicia Wallace, CNN Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday. But…
Continue ReadingThis Fed official grocery shops for his family and knows just how high prices are
By Paul R. La Monica, CNN Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, understands that consumers are still struggling to…
Continue ReadingAfter the Super Bowl, State Farm stadium will have tons of leftovers. Here’s how that food will get to people in need fast
By Parija Kavilanz, CNN On Super Bowl Sunday, an army of volunteers will be ready outside and inside State Farm Stadium in Glendale, Arizona to…
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‘Britcoin’ could arrive in the second half of the decade
By Julia Horowitz, CNN The United Kingdom is pushing ahead with plans to create a digital pound issued by the Bank of England that would offer a…
Continue Reading ‘Britcoin’ could arrive in the second half of the decade
By Julia Horowitz, CNN The United Kingdom is pushing ahead with plans to create a digital pound issued by the Bank of England that would offer a…
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Boeing is cutting 2,000 HR and finance jobs, outsourcing some to India
By Chris Isidore, CNN Boeing plans to cut about 2,000 white-collar jobs in finance and human resources, and it will be shifting some of that work to…
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Bed Bath & Beyond closes stores and raises $1 billion to stave off bankruptcy
By Jordan Valinsky, CNN Bed Bath & Beyond is closing 150 more stores — just a week after the struggling retailer announced the closure of 87…
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Amazon to donate supplies to Turkey’s earthquake victims
By Anna Cooban, CNN Amazon has announced that it will help victims of the Turkey earthquake by donating food, medicine and equipment from its…
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State of the Union, recession, crypto woes and more tech layoffs: What investors are watching
By Nicole Goodkind, CNN Here’s what investors are paying attention to this Tuesday morning: ▸ President Joe Biden is set to deliver his…
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BP posts record profit and boosts investment in oil and gas
By Michelle Toh and Anna Cooban, CNN BP’s annual profit more than doubled last year to an all-time high of nearly $28 billion, extending a…
Continue ReadingAustralia’s central bank signals more tightening ahead after hiking rates to decade high
By Reuters Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further…
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Binance briefly halts US dollar transfers
By Allison Morrow Binance, the world’s largest crypto exchange, said it would temporarily halt transfers of US dollars starting Wednesday.…
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FAA proposes fining United $1 million for skipping safety steps
By Gregory Wallace, CNN Airline regulators on Monday proposed slapping United Airlines with a $1.15 million fine for safety concerns about how it…
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Britain’s NHS was once idolized. Now its worst-ever crisis is fueling a boom in private health care
By Hanna Ziady, CNN Tens of thousands of nurses and nearly 12,000 ambulance workers went on strike Monday over pay and working conditions in the…
Continue Reading Britain’s NHS was once idolized. Now its worst-ever crisis is fueling a boom in private health care
By Hanna Ziady, CNN Tens of thousands of nurses and nearly 12,000 ambulance workers went on strike Monday over pay and working conditions in the…
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AMC Theaters is changing its ticket pricing
By Jordan Valinsky, CNN Business AMC Theaters is changing the way it charges for seats. America’s largest movie chain announced that the prices…
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FTX to politicians: Give us back our donations or we’ll sue you
By Allison Morrow, CNN The new management of FTX is pressuring hundreds of politicians and political organizations to return millions of dollars…
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Diesel prices fall in Europe despite ban on Russian fuel
By Anna Cooban, CNN Europe’s ban on Russia’s diesel arrived painlessly on Sunday. Although the EU cut off its biggest supplier, diesel…
Continue ReadingThe CEO of America’s second-largest bank is preparing for possible US debt default
By Paul R. La Monica, CNN Congress is once again bickering about raising the debt ceiling, the amount of money the US government can borrow to pay…
Continue ReadingThe CEO of America’s second-largest bank is preparing for possible US debt default
By Paul R. La Monica, CNN Congress is once again bickering about raising the debt ceiling, the amount of money the US government can borrow to pay…
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Janet Yellen: You don’t have a recession when you have the lowest unemployment rate in 50 years
By Betsy Klein, CNN Treasury Secretary Janet Yellen said Monday that the probability of a US recession this year is low as she touted job growth and…
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National Enquirer has finally been sold after seeking a buyer for years
By Jordan Valinsky, CNN Business National Enquirer, the 97-year-old controversial tabloid behind several bombshell celebrity and political scandals,…
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The bear market could make a comeback
By Nicole Goodkind, CNN Business Investors who believe the bear market is over are “ignorant,” Lisa Shalett, chief investment officer of…
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Disney won’t show ‘Simpsons’ episode in Hong Kong that mentions ‘forced labor’
By Michelle Toh, CNN An episode of “The Simpsons” that includes a line about “forced labor camps” in mainland China has been…
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Adani scrambles to reassure creditors as crisis enters third week
By Diksha Madhok, CNN Indian billionaire Gautam Adani is repaying some debt early as he scrambles to end a rout in shares of his embattled…
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Inflation may be falling — but not the cost of your car insurance
By Jeanne Sahadi, CNN If you think news that inflation is easing means you’re not going to get hit with any more higher prices, think again. At…
Continue Reading Inflation may be falling — but not the cost of your car insurance
By Jeanne Sahadi, CNN If you think news that inflation is easing means you’re not going to get hit with any more higher prices, think again. At…
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The world is creating more single-use plastic waste than ever, report finds
By Hilary Whiteman, CNN The world is producing a record amount of single-use plastic waste, mostly made from polymers created from fossil fuels,…
Continue ReadingLarry Summers: More likely the Fed can pull off a soft landing, but don’t get hopes up
By Ramishah Maruf, CNN After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more encouraged the Fed can…
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Weekly jobless claims edged up last week, but the labor market remains robust
By Lucy Bayly, CNN First-time applications for unemployment benefits rose last week to 196,000, a slightly higher total than the 190,000 that…
Continue ReadingLarry Summers: More likely the Fed can pull off a soft landing, but don’t get hopes up
By Ramishah Maruf, CNN After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more encouraged the Fed can…
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