Category Archives: CNN – Business

Indian farmers forced Modi to back down on new laws. So why aren’t they going home?
Anushree Fadnavis/Reuters

Indian farmers forced Modi to back down on new laws. So why aren’t they going home?

Santosh Singh’s earliest memory is of tilling soil on his family’s farm. Now, the 70-year-old farmer’s eyes gleam with pride as he recalls watching his grandson do the same. But Singh hasn’t been home to Punjab for one year since he joined farmers at one of three protest sites in the Indian capital to campaign…MORE

This could finally be Sears’ and Kmart’s last holiday shopping season
Keith Birmingham/MediaNews Group/Pasadena Star-News/Getty Images

This could finally be Sears’ and Kmart’s last holiday shopping season

This Black Friday could very likely be the start of the final holiday shopping season for Sears and Kmart, two brands that once proudly dominated the US retail landscape. The two chains are only a shell of what they were when the holding company that owns both emerged from bankruptcy less than three years ago.…MORE

Ikea is offering a tiny apartment in Tokyo for less than $1 per month
Ikea

Ikea is offering a tiny apartment in Tokyo for less than $1 per month

Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo. The 10-square-meter (107-square-foot) apartment is located in the Shinjuku district and will cost just 99 yen ($0.86) per month to rent, according to details released by Ikea this week. Only one unit is available, and it…MORE

Germany is giving nearly two million workers a 25% pay rise
Kay Nietfeld/picture alliance/Getty Images

Germany is giving nearly two million workers a 25% pay rise

Almost 2 million workers in Europe’s biggest economy are set for a big pay rise. Three German political parties agreed to form a new government on Wednesday, with left-leaning Social Democrat Olaf Scholz set to succeed Angela Merkel as chancellor following lengthy coalition negotiations. As part of the coalition agreement, the country plans to raise…MORE

This tax would make wealthy corporations pay their fair share

This tax would make wealthy corporations pay their fair share

Corporate America has perfected the art of dodging the taxes that everyone else pays. From 2018 to 2020, 39 of the largest companies in America paid zero dollars in federal income taxes, despite reporting a combined $122 billion in profits, according to analysis from the Institute on Taxation and Economic Policy. And 73 others paid…MORE

How to financially prepare to quit your job
Ian Berry/CNN

How to financially prepare to quit your job

Millions of Americans are leaving their jobs these days — and they don’t always have another one lined up. Whether it’s due to burnout, a desire for more flexibility or better pay, or the pursuit of an entirely different career, saying “I quit” can have long-term financial implications. “Before you leave, there are things you…MORE

This startup wants you to like coffee-free coffee
John General/CNN

This startup wants you to like coffee-free coffee

Beyond Meat and Impossible Foods have persuaded customers to dig into cow-free burgers. Atomo Coffee wants to do the same for coffee. The startup, which launched in 2019 and offered a limited release to the public in September, makes a canned cold brew designed to taste like coffee and give you a boost of energy…MORE

Turkey is going its own way on inflation. The lira is crashing
Cagla Gurdogan/Reuters

Turkey is going its own way on inflation. The lira is crashing

Turkey is plunging into a fresh currency crisis as investors dump the lira in response to the extraordinary decision by the country’s central bank to slash interest rates in the face of soaring inflation. The lira stabilized on Wednesday but suffered a huge fall against the US dollar on Tuesday. The lira fell more than…MORE

Gap lost $300 million in sales because of supply chain mess
Justin Sullivan/Getty Images

Gap lost $300 million in sales because of supply chain mess

Gap said it lost $300 million in sales heading into the holiday season because of Covid-related factory closures, and backlogs at ports that significantly stalled its ability to get merchandise into stores on time. “While we had planned into the known supply chain constraints …. the shock to our business persisted longer than anticipated as…MORE

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