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By Laura He, CNN Business Ikea has already shut one store in mainland China this year and could close another in Shanghai in early July. The Swedish furniture and home goods chain said Monday that it was considering shutting its store in the Yangpu district of the city in response to changing shopping patterns during

By Laura He, CNN Business China is urging college graduates to seek jobs in the countryside as youth unemployment in urban areas soars to the highest level in history. Local governments should attract college graduates to work as village officials, according to a joint statement issued last week by the ministries of education, finance, civil

By Ramishah Maruf, CNN Writer Vladimir Kara-Murza is an outspoken critic of Vladimir Putin. He has made numerous television appearances, including one on CNN, denouncing the Russian president’s “regime of murderers.” Criticizing the Kremlin comes at a high price, and on the heels of that interview in April, Kara-Muzra was arrested and is still behind

By Frank Pallotta, CNN Business The end of the Jurassic era arrived with a deafening roar at the box office. “Jurassic World: Dominion,” the sixth and supposedly last film in the Jurassic Park franchise, brought in an estimated $143.3 million for its North America opening this weekend. The Universal Pictures’ film took the top spot

By Jeanne Sahadi, CNN Business Anyone expecting inflation to have peaked by now got a rude surprise last week. The latest inflation report showed prices in May rose 8.6% from a year ago — the fastest rate in 40 years. Add to that declining stocks, climbing interest rates and global economic troubles caused by Russia’s

By Allison Morrow, CNN Business Cardi B is asking the million-dollar question (Or the 20-trillion-dollar question, more precisely). “When y’all think they going to announce that we going into a recession?” the rapper tweeted this week. We wish we knew the answer, Cardi. After all, recession forecasting has become the national pastime of economists, market

By Paul R. La Monica, CNN Business The Federal Reserve is widely expected to raise interest rates by a half of a percentage point for the second consecutive time at the end of its next meeting on June 15. After that, all bets are off. Bigger rate hikes could be in the cards as consumer

by Chiara Grimes Americans are facing grocery store price hikes at levels not seen since the inflation-soaked 1970s, with double-digit increases on everything from eggs to poultry, according to the latest Consumer Price Index from the Labor Department. Friday’s inflation report was a triple-whammy for consumers, with massive price hikes in food, shelter and energy

By Nathaniel Meyersohn, CNN Business Pam’s. Kenny’s. Molly’s. Lori’s. Melinda’s… Dave Thomas, a successful Kentucky Fried Chicken franchise owner in Columbus, Ohio, and a protege of founder Colonel Harlan Sanders, was struggling in 1969 to find a name for a new hamburger concept he hoped to open. The fast-food burger market was becoming saturated, but