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Opinion by Jeff Tucker for CNN Business Perspectives Homebuyers will need to be prepared and patient in 2022. Just as baby boomers are hitting retirement, more millennials are reaching peak first-time homebuyer age, and they’re all competing in a market starved for inventory. While the market will slow a bit from the surge in demand

By Charles Riley, CNN Business Plenty of people want to buy Nike clothes and sneakers. But nearly two years into the coronavirus pandemic, supply chain issues mean the company is struggling to meet that demand and grow its business. Nike sales increased just 1% to $11.4 billion in the quarter ended November 30, the US

By Jordan Valinsky, CNN Business Rite Aid announced Tuesday it is closing another 63 stores to save about $25 million per year. After years of overexpansion, Rite Aid and other giant American pharmacy chains have struggled. They’ve been closing hundreds of stores over the past few years, despite the pandemic that has drawn people into

By Nathaniel Meyersohn, CNN Business Early in the Covid-19 pandemic, everybody stuck at home tried their hand at cooking. People posted photos of their elaborate dishes on social media with hashtags like #Coronavriuscooking, and baking sales boomed. Almost two years later, people have given up on their dreams of being a celebrity chef. Consumers across

By Matt Egan, CNN Business Mark Zandi is growing more concerned about the health of the US economy heading into 2022 following the apparent demise of the Build Back Better Act and the rapid spread of Omicron. “With Omicron looming and DC in disarray, risks to the economic recovery next year are not inconsequential and

By Ramishah Maruf, CNN Business California filed a lawsuit against Walmart Monday for allegedly disposing of hazardous waste at a rate of “more than one million items each year,” the state’s Department of Justice announced. The lawsuit alleges Walmart has illegally dumped 159,600 pounds of hazardous waste a year in landfills in the state that

By Kerry Flynn, CNN Business Jim Cramer announced on CNBC Monday he had tested positive for Covid-19. While holding up three Abbott BinaxNOW tests on air from his home studio where he is isolating, Cramer said on CNBC’s “Squawk on the Street” that he tested positive on Thursday evening after taking a test earlier in

By Kathryn Vasel, CNN Business This year didn’t go as planned for employers. With the introduction of vaccines in late 2020, many were hoping for a return to something resembling normalcy in 2021. But instead they grappled with delayed re-openings, vaccine mandates and mask guidance, employee safety and hiring and retention struggles as the pandemic

By Jordan Valinsky, CNN Business Papa Johns is tossing up a New York-inspired pizza nationwide. Beginning December 27, the chain is rolling out its take on a New York-style pizza that features “eight oversized, foldable slices with just the right balance of crust and toppings.” The city’s pizzas are known to be bigger than average