CNN – Business/Consumer

By Parija Kavilanz, CNN Most retailers are tripping over themselves to stay relevant by courting younger Millennial and Gen Z shoppers. Not Lands’ End. As it looks to grow its customer base, Lands’ End is bucking the trend by purposely embracing the “forgotten generation,” Gen Xers. They are the generation of consumers sandwiched between Baby

By Nathaniel Meyersohn, CNN Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and 2022. Fayetteville, North Carolina, spent $78,468 collecting carts from May 2020 to October 2022. Shopping carts keep wandering away from their stores, draining taxpayers’ coffers, causing blight and frustrating

By Michelle Toh, CNN Eggs have soared in cost around the world over the past year as avian flu decimated chicken flocks and fallout from Russia’s war with Ukraine raised the prices of energy and animal feed. In the United States, egg prices have far surpassed the increase in other grocery items, soaring nearly 60%

By Matt McFarland and Chris Isidore, CNN Tesla CEO Elon Musk took the stand in a California court room Friday to testify in the lawsuit over his controversial “funding secured” tweet in 2018. Tesla, Musk and company directors are facing a shareholder lawsuit over his infamous 2018 tweet, which said that he was thinking about

By Chris Isidore, CNN Southwest Airlines has agreed to pay its pilots an estimated $45 million in bonus “gratitude pay” for working through the company’s service meltdown during the holiday travel period at the end of last year. The airline said it will also compensate other employee groups who worked through the period, although it

By Allison Morrow, CNN One of America’s elite white-collar law firms has emerged as a contentious figure in the complex FTX saga. A judge ruled that the bankrupt crypto platform could retain Sullivan & Cromwell as legal counsel, overruling objections from FTX customers who accused the firm of conflicts of interest. g Delaware bankruptcy Judge

By Faith Karimi, CNN College freshman Dieunerst Collin’s road to internet meme fame started with a confused side-eye at a Popeyes in New Jersey. It was a decade ago, and the then 9-year-old was in line waiting for a family pack of chicken, biscuits and fries at the fast-food chain in Irvington. A stranger pulled

By Jordan Valinsky, CNN Regal Cinemas is closing 39 more movie theaters across the United States. The decision comes four months after its parent company Cineworld filed for Chapter 11 bankruptcy after the pandemic devastated the industry and public screenings. In a filing this week, Cineworld said it is planning to reject leases for the

By Anna Cooban, CNN The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious optimism among economists and business leaders that slowing inflation means the worst of last year’s crises may be over. Kristalina Georgieva, managing director of the IMF, said on Friday that conditions

By Nicole Goodkind, CNN Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the wealthiest people and world leaders. The glitzy retreat into the Swiss Alps looks increasingly out of date as the biggest war in Europe since 1945 deepens splits in the world

By Chris Isidore, CNN Unions just had one of the best years in terms of growing membership so far this century. But the high-profile organizing wins at Starbucks, Amazon and Apple stores are only a small part of that success. A boom in hiring by a number of already unionized employers drove an increase of

By Michelle Toh, Yoonjung Seo and Jake Kwon, CNN South Korea’s leader is capping off a whirlwind week, after securing tens of billions of dollars in investment from the Middle East and vowing to have his country play a more important role in revitalizing international supply chains. On Monday, South Korean President Yoon Suk Yeol

By Diksha Madhok and Laura He, CNN The past few years have not been great for the super-rich in China, particularly those who built their fortune in the country’s once red-hot property market. The net worth of Hui Ka Yan, chairman of real estate developer China Evergrande, has plunged nearly 93%, according to the Bloomberg

By Kara Scannell, CNN Attorneys for disgraced FTX founder Sam Bankman-Fried urged the judge in his fraud case to keep the names of two people who co-signed his $250 million bond secret because of actual threats he says his family has received. Bankman-Fried’s lawyer said there was a “security incident” at his parents’ home where

By Clare Duffy, CNN Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in

By Alicia Wallace, CNN The Federal Reserve is seeing progress in its battle to bring down US inflation and remains laser-focused on reaching the Fed’s 2% target — but policy will have to remain restrictive for “some time” to come. That’s the message Thursday from Fed Vice Chair Lael Brainard, speaking at the University of