CNN – Business/Consumer

By Nathaniel Meyersohn, CNN Business Finally, shoppers are getting some good news about prices: Inflation is falling on discretionary merchandise just in time for the holidays, Walmart chief Doug McMillon said Tuesday. “In toys, sporting goods, apparel, categories like that, prices have come down more aggressively,” McMillon said in an interview on CNBC. “We’re still

By Danielle Wiener-Bronner, CNN Business A McDonald’s franchise operator has violated child labor laws, according to an investigation by the Department of Labor. Santonastasso Enterprises, which operates McDonald’s locations in the Pittsburgh area, allowed 14- and 15-year-olds to work more than three hours after 7 pm on school days, after 9 pm over the summer

By Danielle Wiener-Bronner, CNN Business Philadelphia Cream Cheese is launching a non-dairy version of its signature spread. The plant-based cream cheese is now available at grocery stories in Atlanta, Houston, Miami and other locations in the Southeast, with a wider rollout planned for summer 2023. The new variety is made with coconut oil and faba

By Nicole Goodkind, CNN Business Democrats and Republicans in Congress are gearing up for yet another political showdown over raising the nation’s $31.4 trillion borrowing limit. This isn’t anything new; Congress has raised the debt ceiling almost 100 times since they initially set a limit to curtail government borrowing more than a century ago. But

By Juliana Liu, CNN Business Chinese fast fashion retailer Shein, the subject of recent controversy around alleged labor rights abuses, says it plans to invest $15 million to improve working conditions at factories in its supply chain. The money will be spent over the next three to four years to physically upgrade hundreds of factories

By Hanna Ziady, CNN Business Global renewable power capacity is set to grow as much in the next five years as it has over the past two decades, as soaring energy prices and the climate crisis force governments to ditch fossil fuels. In a report published Tuesday, the International Energy Agency forecast a sharp acceleration

By Faith Karimi, CNN Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. It was a few months after she was pushed out from her job at Pinterest, the image-sharing and social media platform. Across the United States, protests and outrage filled the streets

By Abeer Salman, Hadas Gold, Alex Stambaugh and Teele Rebane, CNN Al Jazeera has submitted a case to the International Criminal Court (ICC) over the killing of journalist Shireen Abu Akleh, who was shot in the head while covering an Israeli raid in Jenin in the occupied West Bank in May. “Al Jazeera’s legal team

By Parija Kavilanz, CNN Business The Laundress brand of detergent and household cleaning products has recalled about eight million products because of the possible presence of bacteria that could pose a health risk to consumers. The recalled items, manufactured by the pricey boutique brand between January 2021 and September 2022, include its laundry detergents, fabric

By Kevin Dotson, CNN Nike cut ties with Brooklyn Nets guard Kyrie Irving Monday. The move comes after Irving posted a Twitter link to a documentary containing antisemitic messages in October and initially refused to issue an apology. “Kyrie Irving is no longer a Nike athlete,” Nike tells CNN. Irving’s agent and stepmother Shetellia Riley

By Nathaniel Meyersohn, CNN Business Self-checkout arrived in the late 1980s at supermarkets. A decade later, it began spreading to big-box chains and drug stores. Now, self-checkout, loved by some and hated by others, has entered discount clothing and department stores. Kohl’s is testing self-checkout stations at a handful of stores. H&M added them at