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Black Friday bounces back from 2020. Shoppers hit stores again
Yuki Iwamura/AFP/Getty Images

Black Friday bounces back from 2020. Shoppers hit stores again

Black Friday doesn’t carry the significance it once did for many US shoppers — blame the rise of online shopping holiday “Cyber Monday” and then Covid-19’s impact on retail. But customers are still dishing out more money for clothing, electronics and other items this Black Friday as they return to visit stores in person and…

Some Old Spice and Secret deodorants recalled after cancer-causing chemical is detected
FDA

Some Old Spice and Secret deodorants recalled after cancer-causing chemical is detected

Procter & Gamble Co. issued a recall for more than a dozen Old Spice and Secret-branded aerosol deodorants and sprays, warning that the products could contain benzene, a cancer-causing agent. The recall notice, published earlier this week, noted that the affected products likely will not expose people to levels of benzene high enough to cause…

Thanksgiving weekend offers a box office feast for kids and adults
Disney

Thanksgiving weekend offers a box office feast for kids and adults

This Thanksgiving weekend is offering a box office feast with two genres that have been lacking on the menu so far this year: family movies and non-franchise films aimed at adults. Disney’s “Encanto,” an animated film featuring music written by “Hamilton” creator Lin-Manuel Miranda, is expected to have a $35 million domestic opening over the…

Stocks and oil plunge as new Covid variant fears slam global markets
Erik Pendzich/Shutterstock

Stocks and oil plunge as new Covid variant fears slam global markets

Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. Asian markets led the way, with Hong Kong’s Hang Seng Index dropping 2.7%, while Japan’s Nikkei 225 was down 2.5%. European markets also sold off heavily, with major indexes including the FTSE100, France’s…

This could finally be Sears’ and Kmart’s last holiday shopping season
Keith Birmingham/MediaNews Group/Pasadena Star-News/Getty Images

This could finally be Sears’ and Kmart’s last holiday shopping season

This Black Friday could very likely be the start of the final holiday shopping season for Sears and Kmart, two brands that once proudly dominated the US retail landscape. The two chains are only a shell of what they were when the holding company that owns both emerged from bankruptcy less than three years ago.…

Ikea is offering a tiny apartment in Tokyo for less than $1 per month
Ikea

Ikea is offering a tiny apartment in Tokyo for less than $1 per month

Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo. The 10-square-meter (107-square-foot) apartment is located in the Shinjuku district and will cost just 99 yen ($0.86) per month to rent, according to details released by Ikea this week. Only one unit is available, and it…

Germany is giving nearly two million workers a 25% pay rise
Kay Nietfeld/picture alliance/Getty Images

Germany is giving nearly two million workers a 25% pay rise

Almost 2 million workers in Europe’s biggest economy are set for a big pay rise. Three German political parties agreed to form a new government on Wednesday, with left-leaning Social Democrat Olaf Scholz set to succeed Angela Merkel as chancellor following lengthy coalition negotiations. As part of the coalition agreement, the country plans to raise…

This tax would make wealthy corporations pay their fair share

This tax would make wealthy corporations pay their fair share

Corporate America has perfected the art of dodging the taxes that everyone else pays. From 2018 to 2020, 39 of the largest companies in America paid zero dollars in federal income taxes, despite reporting a combined $122 billion in profits, according to analysis from the Institute on Taxation and Economic Policy. And 73 others paid…

How to financially prepare to quit your job
Ian Berry/CNN

How to financially prepare to quit your job

Millions of Americans are leaving their jobs these days — and they don’t always have another one lined up. Whether it’s due to burnout, a desire for more flexibility or better pay, or the pursuit of an entirely different career, saying “I quit” can have long-term financial implications. “Before you leave, there are things you…

This startup wants you to like coffee-free coffee
John General/CNN

This startup wants you to like coffee-free coffee

Beyond Meat and Impossible Foods have persuaded customers to dig into cow-free burgers. Atomo Coffee wants to do the same for coffee. The startup, which launched in 2019 and offered a limited release to the public in September, makes a canned cold brew designed to taste like coffee and give you a boost of energy…

Turkey is going its own way on inflation. The lira is crashing
Cagla Gurdogan/Reuters

Turkey is going its own way on inflation. The lira is crashing

Turkey is plunging into a fresh currency crisis as investors dump the lira in response to the extraordinary decision by the country’s central bank to slash interest rates in the face of soaring inflation. The lira stabilized on Wednesday but suffered a huge fall against the US dollar on Tuesday. The lira fell more than…

Gap lost $300 million in sales because of supply chain mess
Justin Sullivan/Getty Images

Gap lost $300 million in sales because of supply chain mess

Gap said it lost $300 million in sales heading into the holiday season because of Covid-related factory closures, and backlogs at ports that significantly stalled its ability to get merchandise into stores on time. “While we had planned into the known supply chain constraints …. the shock to our business persisted longer than anticipated as…

Thanksgiving gas prices are the highest since 2012
Joe Raedle/Getty Images

Thanksgiving gas prices are the highest since 2012

Drivers hitting the road this Thanksgiving will be greeted by the highest prices at the pump in nearly a decade. The average prices consumers paid for regular gasoline stood at $3.40 a gallon on Monday, according to a new report from the government. That’s the highest price on the Monday before Thanksgiving since 2012, the…

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday
Charles Krupa/AP

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday

The supply chain crisis means last-minute gift buyers may have little choice but to go shopping the old-fashioned way this holiday season. High demand, combined with supply chain delays, materials’ shortages and troubles hiring workers, are shrinking the availability of items both online and at stores. As customers get closer to the last minute, physical…

Jobless claims hit lowest level since 1969
Joe Raedle/Getty Images

Jobless claims hit lowest level since 1969

Weekly claims for unemployment benefits finally fell below their pre-pandemic levels, according to data from the Labor Department. Last week’s jobless claims totaled 199,000 when adjusted for seasonal swings, the lowest level since November 15, 1969. Benefit claims jumped into the millions in March 2020 as the pandemic caused the US economy to shutter. Over…

The global economy buckles up for another uncertain winter
Stinger/AFP/Getty Images

The global economy buckles up for another uncertain winter

Economists around the world are closely watching a resurgence of coronavirus cases across Europe for signs of what may be to come this winter. What’s happening: The spike in cases is feeding fears that the region’s strong economic recovery from the pandemic could be in jeopardy. So far, the new Covid-19 wave has had only…

John Deere posts record profit despite strike
Tannen Maury/EPA-EFE/Shutterstock

John Deere posts record profit despite strike

John Deere posted record annual income Wednesday despite the recently concluded five-week worker strike, and it predicted another record year ahead. The Midwest farm and construction equipment maker posted annual net income of nearly $6 billion, more than double the $2.8 billion it earned a year earlier and easily clearing its previous fiscal year record…

India sows confusion with plan to ban ‘private cryptocurrencies’
Arvind Yadav/Hindustan Times/Getty Images

India sows confusion with plan to ban ‘private cryptocurrencies’

India is flirting with a ban on cryptocurrencies. Prime Minister Narendra Modi’s government on Tuesday said that it is preparing to introduce a bill that would regulate digital currencies. There’s still much that’s unknown about the proposal. A cryptically worded description of the bill posted on the Indian parliament website outlined a plan to “prohibit…

Covid surge threatens Europe’s economic recovery
Friso Gentsch/picture alliance/Getty Images

Covid surge threatens Europe’s economic recovery

A resurgence of coronavirus cases across Europe is feeding fears that the region’s strong economic recovery from the pandemic could be jeopardized by another tough winter. So far, the new Covid-19 wave is having only a limited impact on business activity in the 19 countries that use the euro. The Purchasing Managers’ Index from IHS…