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Retailers plead with Biden to fix port congestion that has upended supply chains

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

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Exclusive: Companies face a financial risk from the climate crisis. States want them to reveal just how much

By Matt Egan, CNN Business Corporate America must be compelled to fess up about the financial risks posed by the climate crisis, a coalition of state attorneys general told the Securities and Exchange Commission on Monday. In a comment letter obtained exclusively by CNN Business, California and nearly a dozen other states warn that the

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Major US mall owner files for bankruptcy

By Jordan Valinsky, CNN Business Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns. The Columbus, Ohio-based company filed for Chapter 11 late Sunday, saying Covid-19 “created significant challenges” and that the move is “necessary.” Washington Prime secured $100 million in new

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