CNN – Business/Consumer

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

By Nicole Goodkind, CNN Business After a period of angst, Americans appear to be feeling a bit better about the economy. What’s happening: The Conference Board’s consumer confidence index for August, scheduled for release later today, is expected to increase by 1.8 points to 97.5, according to Goldman Sachs analysts. That comes after three consecutive

By Diksha Madhok, CNN Business Indian billionaire Mukesh Ambani has laid out plans to hand his sprawling business empire to his children, while insisting he has no intention of retiring any time soon. Ambani, 65, set out his succession plan on Monday, telling shareholders in his Reliance Industries conglomerate that his three children are “first

By Nectar Gan and CNN’s Beijing bureau China’s southern city of Shenzhen on Monday shut down the world’s largest electronics market and suspended public transport nearby as authorities enforced neighborhood-wide lockdowns in response to a small number of Covid cases. Huaqiangbei, a busy shopping area home to thousands of stalls selling computer components, mobile phone

By Michelle Toh, CNN Business Gautam Adani was already Asia’s richest man. Now he’s also the world’s third richest person, overtaking LVMH chairman Bernard Arnault and becoming the first Asian person to take that spot, according to Bloomberg and its Billionaires Index. Adani, who runs one of India’s top conglomerates, is now believed to be

By Zoe Sottile, CNN Madam. C.J. Walker, the first self-made female millionaire in the U.S., is the next female role model to be honored in Barbie’s line of Inspiring Women dolls. Walker, the daughter of former slaves, was born as Sarah Breedlove. She achieved enormous success by founding Walker Manufacturing Co., a line of haircare