CNN – Business/Consumer

By Nathaniel Meyersohn, CNN Business Abercrombie & Fitch has shed its perfume-filled mall stores, shirtless models and logo sweatshirts to win over Millennials and Gen Z. It’s working. Abercrombie said Monday that its women’s segment was on track to deliver its highest holiday sales period ever, and its men’s division was growing, too. The company

By Anna Cooban, CNN Stocks in Asia are starting 2023 in a bull market. Investors have been cheered by China’s pivot away from its zero-Covid policy, the ending of its crackdown on tech companies and Beijing’s renewed commitment to growing the world’s second biggest economy. The MSCI Asia Pacific index, which excludes Japanese companies, jumped

By Jordan Valinsky, CNN Pizza Hut is bringing back a fan favorite after a nearly 25-year hiatus. Beginning February 1, the “Big New Yorker” is once again hitting menus nationwide for a limited time. Despite it being sold for a brief time in 1999, the extra large pizza quickly became a favorite, and fans have

By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell made his first public appearance of the year on Tuesday, stressing the importance of central bank independence and his commitment to bringing down inflation. The painful rate hikes the Fed is implementing to tackle high prices don’t make officials particularly popular, Powell said during a panel

By Kathleen Magramo, CNN From salads to stews, the humble onion is a key ingredient in nearly every Filipino dish. But now, the vegetable costs almost three times more than chicken in the Philippines. Red and white onions were selling for as much as 600 Philippine pesos ($11) per kilogram (2.2 lbs) on Monday, compared

By Rob McLean, CNN Fisher-Price for a second time recalled its Rock ‘n Play Sleepers on Monday after at least eight infant deaths occurred after the initial 2019 recall, according to the Consumer Product Safety Commission. “On April 12, 2019, at the time the original recall was announced, over 30 fatalities were reported to have

By Wayne Chang and Michelle Toh, CNN Workers at a Chinese factory making Covid-19 test kits clashed with police over the weekend after their managers apparently told them to go on vacation early, a move that effectively terminated their employment without notice, according to social media posts and videos reviewed by CNN. Online footage showed

By Jordan Valinsky, CNN Former World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a six-month hiatus following a hush money and sexual harassment scandal. WWE on Friday confirmed McMahon’s return, also announcing in a press release that it “intends to undertake a review of its strategic

By Nicole Goodkind, CNN Business Stocks soared on Friday to their best day in more than a month. The Dow gained 700 points and the S&P 500 and Nasdaq rose by 2.3% and 2.6% respectively, as traders bet that a slowdown in wage growth could mean that inflation may finally be cooling off. But the

By Julia Horowitz, CNN Goldman Sachs will lay off as many as 3,200 employees this week as an uncertain economic and market climate pushes the bank to hunt for cost savings, according to a person familiar with the matter. More than a third of the job cuts are expected to be from the firm’s trading

By Hanna Ziady, CNN British nurses and ambulance drivers will press on with more strikes in a dispute over pay after talks with the government failed to produce a breakthrough on Monday. The Royal College of Nursing (RCN), which represents close to half a million nurses, midwives and health care assistants described the talks as

By Emiko Jozuka, Kathleen Benoza and Michelle Toh, CNN Japan is grappling with the biggest drop in living standards in nearly a decade as inflation continues to soar. The world’s third largest economy reported its worst real-wage decline in more than eight years on Friday, a day after its leader asked businesses to hike workers’