Money

By Laura He, CNN Business Chinese markets fell on Wednesday as global investors continue to deal with the aftermath of Federal Reserve chair Jerome Powell’s hawkish speech at Jackson Hole last week, and the alarming spread of Covid in China. Investor mood was also hit by new official data from China that showed factory activity

By Kara Fox, CNN When she first started to shed some weight, Yvonne DeBurgo quipped that she could afford to lose it. But over the past three months, the 77-year-old widow from the southern English county of Oxfordshire has lost nearly 25 pounds, a result of eating just one cooked meal a day — with

By Matt Egan, CNN Goldman Sachs will no longer require its non-New York City based employees to get vaccinated for Covid-19, according to a memo obtained by CNN. The Wall Street investment bank told staff in a memo on Tuesday that effective September 6, all employees can enter its offices in the Americas, “regardless of

By Josh Pennington, CNN Russian energy giant Gazprom said on Tuesday that it will completely suspend gas supplies to French industrial energy group Engie this week due to a contract dispute, amid concerns of a potential energy crisis in Europe this winter. In a statement on its official Telegram channel, Gazprom said: “At the close

By Paul R. La Monica, CNN Business Worries about the economy have suddenly put shares of pet supply retailers in Wall Street’s doghouse. Shares of online retailer Chewy are down more than 35% this year as investors wonder if surging inflation will take a bite out of sales and earnings. (We’ve got more pooch puns,

Opinion by Patrick De Haan for CNN Business Perspectives Americans have never seen a wilder year when it comes to gas prices, thanks to the confluence of a surge in demand as the pandemic eased, and Russia’s invasion of Ukraine, which created myriad challenges among oil producers, from supply constraints to volatile markets to unpredictable

By Nathaniel Meyersohn, CNN Business Retailers are overstocked on clothing, and some are packing it away in hopes of selling it in future seasons. Kohl’s, Gap, Carter’s and other chains have said in recent weeks that they will hold some unsold merchandise in their warehouses and put it back on shelves later this year and

By Parija Kavilanz, CNN Business Savvy consumers have found a way around sky-high inflation to keep buying more than just necessities. They’re doing it by shopping for their closets, homes, outdoor spaces, home offices and workout areas not from retailers but from each other. Large chains such as Walmart, Target, and Bed Bath & Beyond

By Julia Horowitz, CNN Business First it was the coronavirus pandemic that forced pubs to shut their doors and rely on government support to survive the collapse in business. Now, Britain’s iconic watering holes say they are battling an even greater threat: soaring energy prices. The chief executives of six leading pub and brewing businesses