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Just when we thought Crocs could not get any weirder, a new version of the foam clog features a psychedelic design complete with light-up mushrooms. The “Diplo X Crocs” are the latest celebrity collaboration from the footwear brand, this time with Grammy-winning DJ and producer Diplo. Crocs said the limited-edition release, which go on sale

Group of Seven finance ministers gathering in London agreed Saturday to back a global minimum tax of at least 15% on multinational companies. The G7 group also agreed that the biggest companies should pay tax where they generate sales, and not just where they have a physical presence. UK finance minister Rishi Sunak announced the

When coronavirus began to spread across the United States, retailers took action. Social distancing stickers were slapped on floors, mask mandates were implemented and, perhaps more crushingly, free samples disappeared. But as vaccination rates rise, some are feeling more comfortable about resuming their prior routines — and major retailers are returning aspects of the pre-pandemic

The list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to ferries. Those companies and agencies that get hit must scramble to protect their systems and a tough decision on whether to pay hackers to remove the disruption. In the face of that

NASA’s new chief is setting up an effort to further study unidentified flying objects within his first month in office. Bill Nelson, the former Florida senator and spaceflight veteran, told CNN Business’ Rachel Crane during a wide-ranging interview on Thursday that it’s not clear to anyone — even in the upper echelons of the US

Global food prices rose for the 12th month in a row in May, up nearly 40% year over year, according to the United Nations’ food price index. Last month was also the sharpest monthly rise in average food prices in over a decade, spiking 4.8% from April to May. Abdolreza Abbassian, senior economist for the

NASA’s new chief is setting up an effort to further study unidentified flying objects within his first month in office. Bill Nelson, the former Florida senator and spaceflight veteran, told CNN Business’ Rachel Crane during a wide-ranging interview on Thursday that it’s not clear to anyone — even in the upper echelons of the US

Investors breathed a huge sigh of relief following the May jobs report Friday. Stocks rallied as the numbers told a classic Goldilocksian, not too hot or too cold, story about the state of the economy. The Dow gained 180 points, or 0.5%, and is now only about 1% off its all-time high. The S&P 500

Facebook announced Friday that former President Donald Trump would be suspended from its platform until at least January 7th, 2023 — two years from when he was initially suspended. Facebook said it will then assess the circumstances to see if he should be allowed back on. The move guarantees Trump won’t be able to post

People are paying higher prices for everything from diapers to gas. One discount chain says that’s great for its business. Five Below, the toy, game, room decoration and tech accessory store that sells most of its stuff for — as its name suggests — under $5, expects budget-conscious consumers will increasingly turn to discount stores

One Wall Street analyst has had it with the whole meme stock phenomenon. Curtis Nagle, who covers retailers for Bank of America, is giving up trying to figure out what’s next for GameStop and Bed Bath & Beyond. Nagle wrote in two reports late Thursday that he’s suspending coverage of GameStop and that he now

Americans are gearing up for a celebratory summer by buying more lipstick, dressy clothing and condoms. And bars are ready to greet them. During the pandemic, bars faced strict restrictions. Along with restaurants, they were ordered to close their doors for months. When they started to reopen, curfews were set in place, and distancing rules

America’s job market recovery picked up some steam in May, with 559,000 positions added back to the economy. It was a second sizable miss of analyst expectations after a big disappointment in April. Economists had predicted 650,000 jobs added in May. The unemployment rate fell to 5.8%, the Bureau of Labor Statistics reported Friday. This

The number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year despite the ongoing movement to increase C-suite diversity throughout the business world. Some of America’s most prominent companies are addressing the problem by backing the Black Boardroom Initiative, a new program unveiled Wednesday with

The price of bitcoin sank on Friday after Elon Musk appeared to lament the end of his relationship with the cryptocurrency. The Tesla CEO tweeted a meme about a couple breaking up along with the bitcoin hashtag and a broken heart emoji. The post included lyrics from a song by rock band Linkin Park titled

Facebook on Friday plans to announce new rules for world leaders who use its platform that could limit what politicians can get away with posting, a source familiar with the plan told CNN Business. The change comes after Facebook took the unprecedented step of suspending then-President Donald Trump from its platforms in January. Politicians have