Money

Bed Bath & Beyond has decided it’s too expensive for some shoppers. It’s trying to change that. The chain has launched a new low-price, in-house brand to compete for bargain hunters who’ve been finding cheaper stuff on Amazon and at Target. The company also wants to expand its private label business, which is more profitable

US stocks sold off Tuesday and the Dow briefly tumbled more than 600 points around mid-morning, as investors grow increasingly concerned about raw material price spikes, shortages and inflation. Prices are rising all over the place as commodities, shipping costs and more related categories become more expensive. “Although we are coming off a record earnings

US stocks tumbled Tuesday and the Dow sold off more than 600 points around mid-morning, as investors grow increasingly concerned about raw material price spikes, shortages and inflation. Prices are rising all over the place as commodities, shipping costs and more related categories become more expensive. Even though the shortages and global supply issues have

L Brands has officially given up on seeking a buyer for Victoria’s Secret and is spinning off the struggling underwear brand to become its own publicly traded company instead. As a result, L Brands will now consist of two publicly traded companies — Bath & Body Works and Victoria’s Secret — with the transaction expected

US stocks tumbled out of the gate Tuesday as investors grow increasingly concerned about raw material price spikes, shortages and inflation. Prices are rising all over the place as commodities, shipping costs and more related categories become more expensive. Even though the shortages and global supply issues have been lurking in plain sight for months,

The Golden Globes will not be airing on NBC next year, temporarily ending a decades-long relationship between the network and the Hollywood Foreign Press Association, the nonprofit responsible for the awards. The network announced that it would not carry the show in 2022 after controversy surrounding the Hollywood Foreign Press Association’s lack of diversity and

A terrifying and record-breaking wave of Covid-19 in India threatens to stall the country’s economic recovery and send shockwaves through several important global industries. Asia’s third largest economy has been struggling for weeks to control the devastating surge. Hundreds of thousands of new cases are reported every day, and economists are rethinking their forecasts for

Crocs is once again stepping up to help healthcare workers during the pandemic. The shoe manufacturer announced that this week, healthcare workers can sign up on the Crocs website to receive a free pair of the shoes. The news comes about one year after the company announced a program to donate 10,000 pairs a day

Neil Chatterjee, a top federal energy regulator, is calling on energy CEOs to step up their cyber defenses following a ransomware attack that knocked one of America’s most important pipelines offline. “This is a real wake up call,” Chatterjee, a commissioner on the Federal Energy Regulatory Commission, told CNN Business in an exclusive interview Monday.

Dogecoin may have started as (and may still be) a joke. But serious cryptocurrency investors who’ve bet on ethereum are laughing all the way to the bank. Ethereum, or ether for short, hit a new record high of above $4,100 Monday morning. Ether is the world’s second most valuable cryptocurrency, trailing only bitcoin. It has

Today in ultra-billionaire news, Amazon founder Jeff Bezos has purchased a modest 100-foot schooner as he looks forward to a quieter life and hours of reflection on the open seas … LOL, just kidding. The world’s richest man is reportedly buying a boat, though that word feels inappropriately sensible for the monstrosity going to Captain

Neil Chatterjee, a top federal energy regulator, is calling on energy CEOs to step up their cyber defenses following a ransomware attack that knocked one of America’s most important pipelines offline. “This is a real wake up call,” Chatterjee, a commissioner on the Federal Energy Regulatory Commission, told CNN Business in an exclusive interview Monday.

SpaceX is claiming it will accept dogecoin — the somewhat satirical but popular cryptocurrency — as payment for an upcoming mission. A Canadian company called the Geometric Energy Corporation confirmed that it will pay SpaceX solely in dogecoin in order to secure a spot for an 88-pound satellite on a mission, called Doge-1, slated to

Bill and Melinda Gates have been in the process of getting divorced for two years, according to The Wall Street Journal. On Sunday, the Journal reported that one factor in the demise of the Gateses’ 25-year marriage was revelations that Bill Gates had spent time with Jeffrey Epstein, a convicted sex trafficker of minors, according

Expedia, LendingTree, Ticketmaster and Tinder owner Match were all once part of IAC, the sprawling media and e-commerce conglomerate controlled by mogul Barry Diller. Now, online video platform Vimeo is preparing to be the next big spinoff. IAC shareholders are expected to formally approve the split this Friday, paving the way for Vimeo to trade

Federal safety regulators are investigating reports that more than 1 million Honda Accords have a steering problem that can a cause a car to veer out of its lane. The investigation by the National Highway Traffic Safety Administration, disclosed late last week, involves Accords from model year 2013 to 2015. There have been 107 incidents