Category Archives: CNN – Business

Saks Fifth Avenue to stop selling animal fur products

Saks Fifth Avenue says it will stop selling animal fur products by the end of the 2022 fiscal year both online and in stores. The luxury department store chain said in a statement that under the new policy, it will “no longer offer products from animals raised for the use of their fur, including but…MORE

BBC deluged with complaints over wall-to-wall Prince Philip coverage

BBC deluged with complaints over wall-to-wall Prince Philip coverage

Global interest in the British royal family has boomed recently, mostly due to Harry and Meghan’s bombshell interview with Oprah Winfrey last month and the hit TV series “The Crown.” But after Prince Philip’s death on Friday, media saturation appears to have reached tipping point, in Britain at least. The British Broadcasting Corporation (BBC) opened…MORE

Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much

Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much

A year ago, Joe Biden, then the presumptive Democratic nominee for president, was picking a fight with Amazon over how little it paid Uncle Sam. Now Biden is president, and Amazon CEO Jeff Bezos is on a lonely island supporting the White House’s plan — to raise corporate taxes. Hardly any other company leaders have…MORE

BJ’s Wholesale Club CEO dies unexpectedly at 49

BJ’s Wholesale Club CEO dies unexpectedly at 49

Lee Delaney, CEO of BJ’s Wholesale Club, died unexpectedly on Thursday. He was 49. The warehouse chain shared the news in a release on Friday, noting that Delaney passed of “presumed natural causes.” “We are shocked and profoundly saddened by the passing of Lee Delaney,” said Christopher J. Baldwin, executive chairman of BJ’s board of…MORE

So long, leggings. Jeans are having a resurgence, Levi’s CEO says

So long, leggings. Jeans are having a resurgence, Levi’s CEO says

With many people still working from home, every day is casual Friday. That’s great news for jeans maker Levi Strauss. The iconic denim company reported earnings and sales after the closing bell Thursday that topped Wall Street’s forecasts. Shares of Levi Strauss, which went public in 2019, rose more than 3% Friday to hit a…MORE

All that stimulus is sending inflation higher

All that stimulus is sending inflation higher

Worries about sudden inflation spikes are keeping investors and economists up at night. Their concerns aren’t baseless: Inflation is indeed rising in the United States, government data for producer prices showed Friday. The question on everyone’s mind remains: Is inflation a temporary sugar rush from stimulus or is it here to stay? The US Producer…MORE

Lil Nas X Satan shoe buyers can get a full refund after Nike lawsuit

Lil Nas X Satan shoe buyers can get a full refund after Nike lawsuit

The company that sold customized Nike Air Max 97s — featuring satanic symbols and a red liquid in the sole that supposedly contains human blood — will buy back customers’ shoes for a full refund. Nike settled a lawsuit with MSCHF, the Brooklyn-based art and design studio behind the Lil Nas X branded “Satan” shoe…MORE

Supply chain problems hit cars and … ketchup packets

The price of General Motors cars is going up, and ketchup packets have become impossible to find. What’s happening: At first glance, these two trends may not have much in common. But they share a root cause: Thanks to the pandemic, global supply chains have broken down, triggering shortages of in-demand products and crucial manufacturing…MORE

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