CNN – Business/Consumer

By Nathaniel Meyersohn, CNN Business Few of us want summer to end, but there’s some good news coming this winter holiday: you’ll find more discounts than in previous holiday shopping seasons. Executives at Best Buy, Ulta, Gap and other top chains have said in recent weeks that they are expecting a shopping season packed with

Martha C. White for CNN Business The private sector added 132,000 jobs in August, an indication that the white-hot pace of hiring could be slowing after months of strong job growth. The August number reported by payroll processing giant ADP is far below economists’ expectations of 225,000 positions added. “We could be at an inflection

By Jordan Valinsky and Nathaniel Meyersohn, CNN Bed Bath & Beyond is in deep turmoil. The company is trying to rescue itself and stay out of bankruptcy by shrinking. The chain said Wednesday that it will lay off approximately 20% of corporate employees, close around 150 stores and slash several of its in-house home goods’

By Nicole Goodkind, CNN Business Rising mortgage rates are taking a toll on the US housing market. But those hoping for prices to drop probably won’t catch a break anytime soon. What’s happening: Home prices were up 18% in June compared to a year ago, with Tampa, Miami and Dallas reporting the highest annual gains,

By Anna Cooban, CNN Business Russia has temporarily halted natural gas deliveries to Europe through a vital pipeline and cut off all supplies to a French utility, deepening an energy crisis that has sent inflation in the region to a record high of 9%. Russian state energy giant Gazprom cut all deliveries through the Nord

By Laura He, CNN Business Chinese markets fell on Wednesday as global investors continue to deal with the aftermath of Federal Reserve chair Jerome Powell’s hawkish speech at Jackson Hole last week, and the alarming spread of Covid in China. Investor mood was also hit by new official data from China that showed factory activity

By Kara Fox, CNN When she first started to shed some weight, Yvonne DeBurgo quipped that she could afford to lose it. But over the past three months, the 77-year-old widow from the southern English county of Oxfordshire has lost nearly 25 pounds, a result of eating just one cooked meal a day — with

By Matt Egan, CNN Goldman Sachs will no longer require its non-New York City based employees to get vaccinated for Covid-19, according to a memo obtained by CNN. The Wall Street investment bank told staff in a memo on Tuesday that effective September 6, all employees can enter its offices in the Americas, “regardless of

By Josh Pennington, CNN Russian energy giant Gazprom said on Tuesday that it will completely suspend gas supplies to French industrial energy group Engie this week due to a contract dispute, amid concerns of a potential energy crisis in Europe this winter. In a statement on its official Telegram channel, Gazprom said: “At the close

By Paul R. La Monica, CNN Business Worries about the economy have suddenly put shares of pet supply retailers in Wall Street’s doghouse. Shares of online retailer Chewy are down more than 35% this year as investors wonder if surging inflation will take a bite out of sales and earnings. (We’ve got more pooch puns,

Opinion by Patrick De Haan for CNN Business Perspectives Americans have never seen a wilder year when it comes to gas prices, thanks to the confluence of a surge in demand as the pandemic eased, and Russia’s invasion of Ukraine, which created myriad challenges among oil producers, from supply constraints to volatile markets to unpredictable

By Nathaniel Meyersohn, CNN Business Retailers are overstocked on clothing, and some are packing it away in hopes of selling it in future seasons. Kohl’s, Gap, Carter’s and other chains have said in recent weeks that they will hold some unsold merchandise in their warehouses and put it back on shelves later this year and

By Parija Kavilanz, CNN Business Savvy consumers have found a way around sky-high inflation to keep buying more than just necessities. They’re doing it by shopping for their closets, homes, outdoor spaces, home offices and workout areas not from retailers but from each other. Large chains such as Walmart, Target, and Bed Bath & Beyond

By Julia Horowitz, CNN Business First it was the coronavirus pandemic that forced pubs to shut their doors and rely on government support to survive the collapse in business. Now, Britain’s iconic watering holes say they are battling an even greater threat: soaring energy prices. The chief executives of six leading pub and brewing businesses