CNN – Business/Consumer

By Parija Kavilanz, CNN Business Two years of pandemic uncertainty forced many couples to postpone or even cancel their nuptial celebrations. But weddings are coming back with gusto. This year’s wedding boom is projected to be big, according to a new report from wedding planning site The Knot. It anticipates as many as 2.6 million

By Nathaniel Meyersohn, CNN Business Toys “R” Us filed for bankruptcy in 2017 and closed all of its stores. That’s left an opening for rivals like discount toy chain Five Below to fill the gap. Five Below, as its name suggests, sells most of its toys, games, room decorations and tech accessories for less than

By Chris Isidore, CNN Business Problems with global supply chains were supposed to be getting better by now. Instead, experts say they are getting worse. Russia’s invasion of Ukraine, which cut off exports from Ukraine and put Russian businesses under sanction, has set off a series of new supply-chain bottlenecks. So has a surge in

By Anneken Tappe, CNN Business America’s private sector added 455,000 jobs in March, the ADP Employment Report showed Wednesday. That was slightly better than economists had expected but fell short of the February report, which was revised higher. It was also the weakest monthly gain in private sector jobs since August. This relative slowdown is

By Parija Kavilanz, CNN Business Makeup that smells like your favorite Dunkin’ coffee and donut combo? Really. It’s a thing. TikTok fav beauty brand e.l.f Cosmetics is launching a limited-edition makeup collection inspired by Dunkin’s coffees and donuts. Even the packaging for the makeup looks like you’re taking home a box of donuts, not lip

By Julia Horowitz, CNN Business As Wall Street regains its footing following the invasion of Ukraine, stocks have been staging a steady comeback. But the market for US government bonds remains tumultuous, flashing a recession signal that’s historically caused investors to worry. What’s happening: Yields on the two-year Treasury note, which move opposite prices, briefly

By Mark Thompson, CNN Business Germany issued an “early warning” of possible natural gas shortages on Wednesday over a payments dispute with Russia that could lead to energy rationing in Europe’s biggest economy. Moscow said last week that it wanted to be paid in rubles, rather than US dollars or euros as per existing gas

By Danielle Wiener-Bronner, CNN Business A month after setting his sights on McDonald’s over pig welfare, investor Carl Icahn has turned his attention to Kroger. Icahn is planning to nominate two directors to the company’s board over the issue, the retailer said Tuesday. Shareholders will be able to vote for the nominees’ placement on the

By Nicole Goodkind, CNN Business President Joe Biden delivered a strong message to corporate executives this week in his 2023 spending plan: Share the wealth. His administration wants to discourage stock buybacks, which critics say allow ultra-wealthy executives to manipulate markets while funneling corporate profits into their own pockets instead of the economy. Last year,

Opinion by Bill Carter for CNN Business Perspectives While Will Smith apologized to Chris Rock and the Academy Tuesday for the slap heard around the world, it doesn’t detract from the stupidity of his actions or greatly minimize the damage that he has done. Smith could have done a few different things at the Academy

By Lucy Bayly, CNN Business The bond market just flashed a warning sign that has correctly predicted almost every recession over the past 60 years: an inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than the

By Paul R. La Monica, CNN Business Stocks may be making a comeback lately. Ditto for bitcoin and other cryptocurrencies. But one speculative corner of the market is still in the doldrums: SPACs. Remember all those special purpose acquisition companies that went public and then bought private firms? These so-called blank check deals were all