Month: November 2023

By Nathaniel Meyersohn, CNN New York (CNN) — The backlash against self-checkout is growing, and stores are starting to dial back on the technology after it exploded over the past few years. Booths, a British supermarket chain, said it’s removing self-checkout stations in all but two of its 28 stores. In the United States, Walmart,

By Juliana Liu, CNN Hong Kong (CNN) — A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on Thursday. ICBC Financial Services, which

By Nathaniel Meyersohn, CNN New York (CNN) — Target’s sales slumped last quarter and the retail giant is predicting a slow holiday shopping season. Target’s sales tumbled 4.9% — the second quarter in a row sales have dropped. And the company forecast a weak holiday, as customers continue to forgo discretionary purchases like furniture, electronics and some

By Eva Rothenberg, CNN (CNN) — Former fashion mogul Peter Nygard was found guilty of four counts of sexual assault in a Toronto court on Sunday, following a six-week trial. Nygard, 82, was accused by five women of attacking them in a series of incidents from the 1980s to the mid-2000s. He was acquitted of one

By Danielle Wiener-Bronner, CNN New York (CNN) — New York’s water and parks are full of plastic waste. But litterbugs aren’t the problem, according to New York Attorney General Letitia James. It’s the company that puts so many plastic bottles and packages into world, PepsiCo — the maker of Pepsi, Mountain Dew, Lay’s chips and dozens