Target warns of a weak holiday season. Shares are tumbling
By Jordan Valinsky, CNN Business Target’s profit plunged 52% in the third quarter and the retailer warned of a sluggish holiday. Target blamed…
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Britain is bringing back austerity. Here’s why
By Julia Horowitz, CNN Business The last time a British finance minister revealed tax and spending plans, markets went haywire and the…
Continue ReadingThanksgiving dinner will cost 20% more this year because of inflation
By Vanessa Yurkevich, CNN Business Thanksgiving dinner will cost a whopping 20% more than it did last year, according to a new survey released…
Continue ReadingUK inflation jumps to 41-year high of 11.1%
By Hanna Ziady, CNN Business Soaring energy costs drove UK inflation to a fresh high in October, the latest piece of bad news for an economy sliding…
Continue ReadingTom Ford is a newly minted billionaire, thanks to the $2.8B Estée Lauder deal
By Michelle Toh, CNN Business A blockbuster deal to sell his eponymous fashion brand has catapulted fashion designer Tom Ford into the global…
Continue ReadingTwitter chaos spills into public view as Musk clashes with and fires employees on the platform
By Clare Duffy, Oliver Darcy and Donie O’Sullivan, CNN Business Elon Musk has publicly clashed with a growing number of Twitter employees about…
Continue ReadingTwitter chaos spills into public view as Musk clashes with and fires employees on the platform
By Clare Duffy, Oliver Darcy and Donie O’Sullivan, CNN Business Elon Musk has publicly clashed with a growing number of Twitter employees about…
Continue ReadingFood safety company accused of using children for hazardous overnight jobs
By Chris Isidore, CNN Business The Labor Department has filed a federal lawsuit charging a leading US food sanitation company with using dozens of…
Continue ReadingTesla’s board chair says Musk needed money for space travel
By Matt McFarland, CNN Business Elon Musk said that he needed to receive what amounted to the largest compensation package in history so that he…
Continue ReadingSome retail store credit cards now carry APRs of more than 30%
By Alicia Wallace, CNN Business There has long been a threshold that few issuers of store-branded credit cards have been willing to surpass: the 30%…
Continue ReadingCoors Light’s new nail polish changes color if your beer is cold enough to drink
By Parija Kavilanz, CNN Business Fact: No one likes warm beer. With the holiday party season already in full swing, Coors Light has invented a new…
Continue ReadingBuyer Beware. Even if your favorite movie star is selling
By Christine Romans, CNN Business The best advice for investors has always been: Buyer beware. It’s especially important in the unregulated…
Continue ReadingRestaurant sales are going up. But dining out is on the decline
By Danielle Wiener-Bronner, CNN Business Chain restaurants have been reporting growing sales in the third quarter. But more sales don’t mean…
Continue ReadingLook out, Costco. Sam’s Club drops its hot dog combo to $1.38
By Nathaniel Meyersohn, CNN Business There’s a retail price war on hot dog and soda combos. Sam’s Club has lowered the price of its hot…
Continue ReadingProtocol, the tech-news focused website, will shutter and lay off its entire staff
By Oliver Darcy, CNN Protocol, the upstart technology news website launched by former Politico owner and publisher Robert Allbritton in early 2020,…
Continue ReadingTaylor Swift fans irate at Ticketmaster as huge tour pre-sale demand snarls site
By Jordan Valinsky, CNN Business There’s some bad blood brewing between Taylor Swift fans and Ticketmaster. Pre-sales for a handful of dates on…
Continue ReadingJeff Bezos hints he’s buying the Washington Commanders: ‘We’ll have to wait and see’
By Frank Pallotta, CNN Business Jeff Bezos may be adding NFL owner to his resume. The Amazon founder, along with Jay-Z, is in talks on a potential…
Continue ReadingWe tried Apple’s new SOS tool for when you don’t have cell service
By Samantha Murphy Kelly, CNN Business When Apple announced at its closely-watched September product launch event that it would soon introduce an…
Continue ReadingWe tried Apple’s new SOS tool for when you don’t have cell service
By Samantha Murphy Kelly, CNN Business When Apple announced at its closely-watched September product launch event that it would soon introduce an…
Continue ReadingBankrupt crypto exchange FTX may have over 1 million creditors as ‘dozens’ of regulators probe collapse
By Matt Egan Bankrupt crypto exchange FTX could have more than 1 million creditors and has been in contact with “dozens” of regulators…
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