By Skyler Hill and Rebekah Riess, CNN Business Authorities in Excelsior Springs, Missouri, have launched an investigation into the death of an Amazon delivery driver after he was found dead with possible dog bite injuries. Officers were called to the scene at around 7 p.m. Monday after they were told an Amazon delivery truck had
Continue ReadingBy Parija Kavilanz, CNN Business As the corporate backlash against Kanye West mounts, Gap has announced it is pulling the rapper’s Yeezy Gap line of merchandise from its stores and has shut down YeezyGap.com. Additionally, Foot Locker is pulling Yeezy products from its shelves. “Our former partner’s recent remarks and behavior further underscore why we
Continue ReadingBy Gabe Cohen, CNN At the Senior Friendship Center in Sarasota, Florida, talking about inflation really strikes a chord. At a card table there, CNN met with a group of seniors, all on fixed incomes, who spoke about feeling the squeeze from steep price hikes over the past year. Katherine Janes, 81, said she had
Continue ReadingBy Nathaniel Meyersohn, CNN Business In 2013, Adidas struck a deal with Kanye West to create Yeezy-branded shoe and clothing collections for the sportswear giant. Landing West, who previously had an endorsement deal with Nike, was a coup for Adidas. Three years later, Adidas expanded its relationship with him, heralding it as the “most significant
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Over the past year, Coca-Cola has experimented with bizarre, limited-time flavors and immersive online experiences. Now, it’s setting its sights on adding more varieties of cans, bottles and value packs to offer cash-strapped consumers more options — even if that ultimately means paying more for less. “Package innovation takes a
Continue ReadingBy Paul R. La Monica, CNN Business Consumers may be worried about inflation and rising interest rates. But don’t tell that to Wall Street. Stocks rose again Tuesday. It was a third-straight day of gains in what’s turning out to be a very bullish October. The Dow rose nearly 340 points, or 1.1%. The blue
Continue ReadingBy Paul R. La Monica, CNN Business What’s the best way to invest? Plenty of active traders are out there trying to make a quick buck on meme stocks like AMC and GameStop, fads like Snap and Peloton or bitcoin and other cryptocurrencies. Professional money managers try to identify stocks that can beat the broader
Continue ReadingCNN By Anna Cooban, CNN Business A winter vacation package that claimed it could save Brits more than £200 ($229) on their soaring bills for rent, food and fuel sold out within 24 hours this week. EasyJet holidays, owned by low-cost British airline EasyJet, launched its 28-day “Escape the UK” vacation package to Hurghada, Egypt,
Continue ReadingBy Anna Cooban, CNN Business A winter vacation package that claimed it could save Brits more than £200 ($229) on their soaring bills for rent, food and fuel sold out within 24 hours this week. EasyJet holidays, owned by low-cost British airline EasyJet, launched its 28-day “Escape the UK” vacation package to Hurghada, Egypt, on
Continue ReadingCNN By Rob McLean, CNN Business Athletic shoe company Skechers said in a statement Wednesday that two of its executives escorted embattled musician Kanye West from one of its Los Angeles buildings. The company said West, who has legally changed his name to Ye, “arrived unannounced and without invitation.” It said he was engaged in
Continue ReadingBy Alicia Wallace, CNN Business US consumer confidence fell in October to the lowest level since July as high borrowing costs and soaring inflation take their toll on household budgets. The consumer confidence index slumped to 102.5 from a revised 107.8 in September, according to data released Tuesday by the Conference Board. Economists were expecting
Continue ReadingBy Tara John, CNN N. R. Narayana Murthy, one of India’s richest people, had mixed feelings when he first heard about the man who would become his son-in-law. “I, too, was a little sad and jealous when you told us you had found your life partner,” he wrote to his daughter Akshata Murty in a
Continue ReadingBy Anna Bahney, CNN Business US home prices continued to gain ground in August, but the pace of growth slowed considerably as rising mortgage rates pushed more prospective buyers out of the market. Home prices rose 13% in August from the year before, a smaller jump than the 15.6% growth seen in July and 18.1%
Continue ReadingBy Ramishah Maruf, CNN Business In the last few weeks, retailers, social media platforms, celebrities and fashion and entertainment companies have peeled away from business alliances with rapper Ye. Ye, also known as Kanye West, has become a controversy magnet. In early October, Ye wore a “White Lives Matter” t-shirt and dressed several Black models
Continue ReadingBy Jordan Valinsky, CNN Business McDonald’s McRib is soon returning to its menus — and this could be the last time. The chain said the fan-favorite menu item is coming back on October 31 for a limited period. McDonald’s teased in a statement that “this could be your last chance to taste it” because the
Continue ReadingBy Nicole Goodkind, CNN Business It’s safe to say that the global economy is in a pretty bad place right now: The vast majority of economists think we’re on the brink of recession. But US markets don’t seem to mind. Stocks closed out their best week since mid-June last Friday and continued that rally into
Continue ReadingBy Chris Isidore, CNN Business General Motors says its supply chain issues are improving. That allowed the company to post better-than-expected earnings despite falling short of revenue forecasts. America’s largest automaker said that by the end of June, it had been able to clear out of inventory about 75% of the roughly 90,000 vehicles it
Continue ReadingBy Hanna Ziady, CNN Business Some of the top names on Wall Street think a US recession is now likely, if not inevitable. But they have bigger worries on their minds. JPMorgan Chase CEO Jamie Dimon said Tuesday he is more concerned about global geopolitics than he is about slowing economic growth in the United
Continue ReadingBy Jordan Valinsky, CNN Business Adidas has ended its partnership with Ye, also known as Kanye West, with “immediate effect.” In a statement Tuesday, the sportswear maker said it “does not tolerate antisemitism and any other sort of hate speech” and said that his recent comments were “unacceptable, hateful and dangerous.” Adidas said they violated
Continue ReadingBy Laura He, CNN Business China’s yuan tumbled on Tuesday to its lowest level in nearly 15 years on Tuesday as investors fled Chinese assets amid fears about Xi Jinping’s dramatic move to tighten his grip on power in a major reshuffle of Communist Party leaders On the tightly controlled domestic market, the yuan dropped
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