Money

By Nathaniel Meyersohn, CNN Business Adidas bought Reebok for $3.8 billion in 2006, back when Reebok was riding high and had deals with the NBA and NFL. Now, Adidas is selling the slumping brand for up to $2.5 billion. Adidas said Thursday that it had reached a deal with Authentic Brands Group to offload Reebok.

By Chauncey Alcorn, CNN Business Administrators and career service leaders at some of the nation’s top historically Black colleges and universities, also known as HBCUs, say recruitment of their students and graduates by major corporations has dramatically increased since the police murder of George Floyd more than a year ago. Public outrage spread globally after

By Paul R. La Monica, CNN Business Stocks are near record highs. Housing prices are soaring. Inflation is running wild. The Covid-19 pandemic has helped create a financial environment beset by unusual (and perhaps unsustainable) spikes in asset prices. The rapid shutdown of the economy in the spring of 2020 led to a brief but

By Alison Kosik and Moira Ritter, CNN Business The United States Postal Service really wants to get your holiday packages delivered on time. So it wants to start charging more. The postal service is requesting a temporary price increase on a variety of mail services for the peak holiday season to offset rising delivery costs.

By Chris Isidore, CNN Business Nostalgia has never been so expensive. Baseball celebrates the myth of its rural roots tonight when the New York Yankees meet the Chicago White Sox in a game adjacent to the field in rural Dyersville, Iowa, population 4,000, where the iconic 1989 movie “Field of Dreams” was filmed. Fans are

By Alexis Benveniste, CNN Business The original Barneys department store in New York City is going to be a ghost town — literally. The retail space, which was home to the luxury department store for almost a century, is transforming into a Spirit Halloween store. Spirit Halloween stores pop up around the country every year

By Anneken Tappe, CNN Business Just one day after America thought it was getting some relief on inflation, a new report showed we’re not out of the woods just yet. Producer price inflation, which measures the prices US producers receive for their goods and services, rose 7.8% over the 12 months ended in July. That

Opinion by Friso Van der Oord for CNN Business Perspectives Despite decades of reform efforts by regulators, shareholders and the independent director community, CEO pay continues to grow inexorably, far outpacing any gains to workers’ pay. Since 1993, the National Association of Corporate Directors (NACD) has said that CEO pay should be more in line

By Hanna Ziady, CNN Business America’s soaring price hikes moderated last month, signaling that inflation may have peaked. But investors should pay heed to another trend: the spread of higher prices across more sectors of the economy. What’s happening: Consumer price inflation remained elevated in July, according to the Bureau of Labor Statistics. Prices rose

By Danielle Wiener-Bronner, CNN Business If you visit an IHOP in the not-too-distant future, chances are you may encounter some unexpected menu items that weren’t available before: beer, wine and bubbly. That’s because for the first time, IHOP is offering its franchisees, which run the vast majority of IHOP restaurants, the chance to add an

By Laura He, CNN Business China’s big crackdown on business appears far from over. Top leaders from the ruling Communist Party on Wednesday laid out a blueprint for how they plan to continue tightening the regulatory screws on companies over the next five years. The country’s latest five-year plan includes promises to strengthen rules that

By Jessie Yeung and Swati Gupta, CNN Two more bodies have been recovered from the rubble of a landslide in the northern Indian state of Himachal Pradesh, police said Friday, taking the death toll to 15 — with at least 18 people still missing. The landslide, which hit on Wednesday morning local time, left a

By Danielle Wiener-Bronner, CNN Business Customers are buying Wendy’s breakfast. And the chain wants to keep it that way. The company announced on Thursday that it will spend an additional $10 million to advertise breakfast this year, bringing its overall spending on breakfast ads to $25 million in 2021. The investment is designed to get