CNN – Business/Consumer

By Nathaniel Meyersohn, CNN Bed Bath & Beyond, America’s quintessential home furnishings’ chain, is fighting to stay in business. The company has avoided a bankruptcy filing for now by completing a complex stock offering that will give it an immediate injection of $225 million in funds and a pledge for $800 million in the future

By Jordan Valinsky, CNN Discovery+ isn’t disappearing, after all. Warner Bros. Discovery, CNN’s parent company, has decided to continue offering the Discovery+ streaming platform in the United States, according to a source familiar with the company’s plans. That marks a sharp reversal from the media company’s previous plan to combine Discovery+ with HBO Max into

By Jordan Valinsky, CNN Breakfast at Taco Bell has been saved — and the chain has Pete Davidson to thank. Sales of Taco Bell’s breakfast burritos and egg-stuffed quesadillas jumped 9% in the fourth quarter of last year, executives at its parent company Yum Brands said in an earnings call Wednesday, attributing the growth to

By Issy Ronald, CNN Business The first stamps featuring King Charles III were unveiled on Wednesday by the Royal Mail, the British postal service. The King is captured in profile, his head bare, looking to the left. The standard first-class stamp will feature the portrait on a plain purple background. “Delighted that the Royal Mail

By Olesya Dmitracova, CNN Companies around the world are racing to provide help to the victims of the devastating earthquake straddling Turkey and Syria, by donating food, medicines, services and cash. Amazon has prepared donations of relief items, including food, baby food, blankets, tents and medicines, with the first shipments departing from its warehouse in

By Nimi Princewill and Stephanie Busari, CNN Nigeria was forced Wednesday to delay plans to replace its banknotes with a redesigned currency after chaotic scenes at ATMs as millions of people struggled to get their hands on the new cash. The country’s old notes were supposed to cease to be legal tender starting February 11 but

By Anna Cooban, CNN Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south, piling further pain onto an already fragile economy. Trading on Istanbul’s stock exchange was halted Wednesday after the main index dropped 7% in early dealing, according to Turkey’s Central Securities Depository.

By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell threw markets into a tizzy on Tuesday as he spoke about the economy alongside his former boss, Carlyle Group co-founder David Rubenstein, at the Economic Club of Washington. Stocks struggled for direction as investors tried to get a read on Powell’s economic outlook, attitude towards inflation

By Laura He, CNN Even for a famously frugal nation, Chinese people saved a lot last year. Stuck at home due to Covid restrictions, they socked away a record $2.6 trillion. Now that life is returning to normal, hopes are high that consumers will spend with a vengeance, providing a much-needed boost to the world’s

By Jeanne Sahadi, CNN However you feel about doing your taxes, chances are that, if you expect to get a refund, you’ll want it fast. The IRS says it typically issues federal refunds within 21 calendar days of accepting your tax return, assuming there are no issues. (More on those in a minute.) Tom O’Saben,

By Alicia Wallace, CNN As retail sales took a bit of a breather in December, so did the credit cards. US consumers’ outstanding credit grew by $11.56 billion to end the year, according to Federal Reserve data released Tuesday. It’s the lowest monthly gain since January 2021 and well below economists’ expectations of $25 billion.

By Paul R. La Monica, CNN Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, understands that consumers are still struggling to deal with high prices. And he has the frozen lasagna to prove it. Kashkari told CNN’s Poppy Harlow Tuesday that he knows first hand how expensive many consumer goods and services are.