Category Archives: CNN – Business

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday
Kena Betancur/AFP/Getty Images

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday

The supply chain crisis means last-minute gift buyers may have little choice but to go shopping the old-fashioned way this holiday season. High demand, combined with supply chain delays, materials’ shortages and troubles hiring workers, are shrinking the availability of items both online and at stores. As customers get closer to the last minute, physical…MORE

These major chains boomed as small retailers had to close up shop
Adobe

These major chains boomed as small retailers had to close up shop

Many Americans are shopping small Saturday to support mom-and-pop clothing, toy, furniture, sporting goods, hardware and electronics’ stores. But this year’s Small Business Saturday promotion is unlikely to change the fortunes of independent shops in America, which have diverged dramatically from their larger rivals. Small retailers have been squeezed out throughout the pandemic and are…MORE

Craft beer might get even more expensive
Malissa Ahlin/Walter's Beer

Craft beer might get even more expensive

Your next can of craft beer might be a lot more expensive. Ball Corp., one of the world’s largest suppliers of aluminum cans, is sending shockwaves throughout the craft beer world after lifting the minimum number of cans certain producers must order and saying it will raise prices. Ball said it will now require that…MORE

These major chains boomed as small retailers had to close up shop
Erin Clark/The Boston Globe/Getty Images

These major chains boomed as small retailers had to close up shop

Many Americans are shopping small Saturday to support mom-and-pop clothing, toy, furniture, sporting goods, hardware and electronics’ stores. But this year’s Small Business Saturday promotion is unlikely to change the fortunes of independent shops in America, which have diverged dramatically from their larger rivals. Small retailers have been squeezed out throughout the pandemic and are…MORE

Black Friday bounces back from 2020. Shoppers hit stores again
Yuki Iwamura/AFP/Getty Images

Black Friday bounces back from 2020. Shoppers hit stores again

Black Friday doesn’t carry the significance it once did for many US shoppers — blame the rise of online shopping holiday “Cyber Monday” and then Covid-19’s impact on retail. But customers are still dishing out more money for clothing, electronics and other items this Black Friday as they return to visit stores in person and…MORE

Some Old Spice and Secret deodorants recalled after cancer-causing chemical is detected
FDA

Some Old Spice and Secret deodorants recalled after cancer-causing chemical is detected

Procter & Gamble Co. issued a recall for more than a dozen Old Spice and Secret-branded aerosol deodorants and sprays, warning that the products could contain benzene, a cancer-causing agent. The recall notice, published earlier this week, noted that the affected products likely will not expose people to levels of benzene high enough to cause…MORE

Thanksgiving weekend offers a box office feast for kids and adults
Disney

Thanksgiving weekend offers a box office feast for kids and adults

This Thanksgiving weekend is offering a box office feast with two genres that have been lacking on the menu so far this year: family movies and non-franchise films aimed at adults. Disney’s “Encanto,” an animated film featuring music written by “Hamilton” creator Lin-Manuel Miranda, is expected to have a $35 million domestic opening over the…MORE

SoftBank hit by report that China may force Didi to quit Wall Street
Kazuhiro Nogi/AFP/Getty Images

SoftBank hit by report that China may force Didi to quit Wall Street

Shares of SoftBank plunged about 5% in Tokyo on Friday after Chinese regulators reportedly asked Didi to delist from the United States because of concerns about data security. The Japanese company’s Vision Fund is a major shareholder in the Chinese ride-hailing service with a stake of over 20%. SoftBank shares opened lower on Friday as…MORE

Stocks and oil plunge as new Covid variant fears slam global markets
Erik Pendzich/Shutterstock

Stocks and oil plunge as new Covid variant fears slam global markets

Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. Asian markets led the way, with Hong Kong’s Hang Seng Index dropping 2.7%, while Japan’s Nikkei 225 was down 2.5%. European markets also sold off heavily, with major indexes including the FTSE100, France’s…MORE

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