CNN – Business/Consumer

By Parija Kavilanz, CNN Business Hyram Yarbro already helped make one skincare brand popular with Gen-Z. Now, Sephora is betting he can do it with his own. Yarbro, who has a nearly cult-like following on TikTok for his reviews of popular beauty products, will launch his own skincare line — Selfless by Hyram — exclusively

By Matt Egan Corporate America wants to hire workers aggressively as the US economy races back to life following the pandemic. The Business Roundtable, an influential lobbying group comprised of top US executives, said Wednesday that its CEO economic outlook index has climbed to the second-highest level on record, behind only early 2018 when the

By Paul R. La Monica, CNN Business Who needs viral videos? Not Oracle, apparently. Oracle’s plan to buy the US assets of Chinese-owned TikTok in a partnership with Walmart is dead now that Donald Trump is out of the White House. But investors don’t seem concerned: They’re still treating Oracle like it’s a red-hot social

By Paul R. La Monica, CNN Business Shares of sports betting giant DraftKings tumbled in early trading Tuesday after a prominent research firm accused the company of hiding alleged ties to illegal gaming operations. Hindenburg Research claimed in a lengthy report that SBTech, a firm that DraftKings merged with when it went public last year,

By Joseph Ataman and Xiaofei Xu, CNN Business A French court has ordered IKEA to pay a €1 million ($1.2 million) fine after finding the Swedish retailer guilty of improperly using employee data. The judgment was announced Tuesday by a court in Versailles. The French subsidiary of IKEA was on trial alongside 15 people including

Karan Bilimoria, President of the Confederation of British Industry, discusses how the free trade agreement between Australia and the United Kingdom could forge new economic relationships.

By Anneken Tappe, CNN Business Another key inflation indicator flashed a warning sign in May: Producer prices jumped a record amount last month. The economy is reopening fully and soaring demand, together with supply chain issues and materials shortages, is pushing prices higher. That trend, which has been taking place all year, continued in May.

By Nathaniel Meyersohn, CNN Business Best Buy wants to sell you a new outdoor grill for summer cookouts, a backpack for a return to the office, and luggage for future vacations as it extends its product options beyond electronics. The chain announced Tuesday that it will sell grills, outdoor firepits and patio sets from brands

By Anneken Tappe and Nathaniel Meyersohn, CNN Business US retail sales fell 1.3% in May as the sector continues to come down from the stimulus-fueled high of recent months. The last round of stimulus checks from the American Rescue Plan approved by Congress in March boosted consumer spending in the early spring months. But the

By Julia Horowitz, CNN Business Special-purpose acquisition companies, or SPACs, were one of the stock market’s hottest trends in early 2021, drawing in billionaires, celebrities and athletes. Then, in early spring, enthusiasm began to wane, as “blank check” firms — which raise money from investors and then go hunting for takeover targets — started to

By Charles Riley and Kevin Liptak, CNN Business The United States and the European Union have resolved a long-running trade dispute over subsidies to Airbus and Boeing, a move that could improve transatlantic relations as both sides seek to counter China’s rising economic influence. US officials confirmed on Tuesday they struck a truce to end

By Matt Egan, CNN Business A once-in-century pandemic. Political polarization. The fight for social justice. An existential climate crisis. The modern CEO faces a minefield of vexing challenges every day. “We’re only at the tip of the iceberg,” Tim Ryan, US chairman of PricewaterhouseCoopers, told CNN Business. That’s why PwC, the 160-year-old accounting and consulting

Late-night host Stephen Colbert welcomes back a live studio audience for the first time in 15 months.

By Lauren Gunn, CNN Business The Ever Given is no longer blocking the Suez Canal, but the crisis is far from over for companies forced to endure a protracted legal battle in hopes of recovering goods worth hundreds of millions of dollars that have been stuck on the impounded container ship for months. IKEA and

By Helen Regan and Sandi Sidhu, CNN American citizen Nathan Maung, who has been detained in Myanmar since March 9, was released and deported to the United States on Tuesday after charges against him were dropped, his lawyer said. Nathan Maung is co-founder and editor​-in-chief of the Myanmar online news site Kamayut Media and had

By Angus Watson and Jill Disis, CNN Business Australia and the United Kingdom announced a free trade agreement Tuesday as Britain begins to forge new economic relationships following its departure from the European Union. The main elements of the deal were agreed by UK Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison at

By Frank Pallotta, CNN Business Stephen Colbert has come a long way since doing a monologue in a bathtub. The host welcomed back a full house to the Ed Sullivan Theater, home of CBS’ “The Late Show,” on Monday. It was the first time in 15 months that Colbert presented the show in front of

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Another biotech company just touted superb results for trials of its Covid-19 vaccine. Vermont just became the first state to reach an “80% vaccinated” goal. And in a back-to-normal symbol

By Brian Stelter, CNN Business Attorney General Merrick Garland says he will work to put the Justice Department’s new pledge against spying on journalists into regulation, so that the promise has some teeth. Garland met with executives from CNN, The New York Times and The Washington Post on Monday afternoon in the wake of startling

By Matt Egan, CNN Business The National Retail Federation is calling on the White House to address the logjam at US ports that is snarling commerce as the economy swiftly recovers from the pandemic. “The supply chain disruption issues, especially the congestion affecting our key maritime ports, are causing significant challenges for America’s retailers,” Matthew