Category Archives: CNN – Business

How one local reporter’s instincts focused public attention on the Ahmaud Arbery case
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How one local reporter’s instincts focused public attention on the Ahmaud Arbery case

The Ahmaud Arbery trial may not have happened without Larry Hobbs, a writer and reporter at The Brunswick News in Georgia. “Every national and global news story begins locally, sometimes with a single reporter who’s determined to follow up and get to the truth,” CNN’s chief media correspondent Brian Stelter said on Reliable Sources Sunday.…MORE

Cryptocurrency exchange Coinstore enters India despite pending curbs on trade
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Cryptocurrency exchange Coinstore enters India despite pending curbs on trade

Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the Indian government is preparing legislation to effectively bar most private cryptocurrencies. Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai which will act as its base in India for future expansion, its…MORE

Facing shortages, Canada taps its strategic reserves of maple syrup
Ben Nelms/Bloomberg/Getty Images

Facing shortages, Canada taps its strategic reserves of maple syrup

Amid shortages, Canada is tapping into its strategic reserves. This time, for maple syrup. The Quebec Maple Syrup Producers, a leading trade group, said it is releasing roughly 50 million pounds from its strategic maple syrup reserves, almost half of the stockpile, Bloomberg first reported. The government-supported organization, which is often called the OPEC of…MORE

The job market is looking way better. It’s still playing catch-up
Ethan Miller/Getty Images

The job market is looking way better. It’s still playing catch-up

More than 20 months into the pandemic, the US job market has reached a milestone. What’s happening: Weekly claims for unemployment benefits fell to 199,000 last week after seasonal adjustments, their lowest level since 1969. They hit a peak of 6.15 million in April 2020. So, does that mean employment conditions are back to normal?…MORE

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday
Kena Betancur/AFP/Getty Images

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday

The supply chain crisis means last-minute gift buyers may have little choice but to go shopping the old-fashioned way this holiday season. High demand, combined with supply chain delays, materials’ shortages and troubles hiring workers, are shrinking the availability of items both online and at stores. As customers get closer to the last minute, physical…MORE

These major chains boomed as small retailers had to close up shop
Adobe

These major chains boomed as small retailers had to close up shop

Many Americans are shopping small Saturday to support mom-and-pop clothing, toy, furniture, sporting goods, hardware and electronics’ stores. But this year’s Small Business Saturday promotion is unlikely to change the fortunes of independent shops in America, which have diverged dramatically from their larger rivals. Small retailers have been squeezed out throughout the pandemic and are…MORE

Craft beer might get even more expensive
Malissa Ahlin/Walter's Beer

Craft beer might get even more expensive

Your next can of craft beer might be a lot more expensive. Ball Corp., one of the world’s largest suppliers of aluminum cans, is sending shockwaves throughout the craft beer world after lifting the minimum number of cans certain producers must order and saying it will raise prices. Ball said it will now require that…MORE

These major chains boomed as small retailers had to close up shop
Erin Clark/The Boston Globe/Getty Images

These major chains boomed as small retailers had to close up shop

Many Americans are shopping small Saturday to support mom-and-pop clothing, toy, furniture, sporting goods, hardware and electronics’ stores. But this year’s Small Business Saturday promotion is unlikely to change the fortunes of independent shops in America, which have diverged dramatically from their larger rivals. Small retailers have been squeezed out throughout the pandemic and are…MORE

Black Friday bounces back from 2020. Shoppers hit stores again
Yuki Iwamura/AFP/Getty Images

Black Friday bounces back from 2020. Shoppers hit stores again

Black Friday doesn’t carry the significance it once did for many US shoppers — blame the rise of online shopping holiday “Cyber Monday” and then Covid-19’s impact on retail. But customers are still dishing out more money for clothing, electronics and other items this Black Friday as they return to visit stores in person and…MORE

Some Old Spice and Secret deodorants recalled after cancer-causing chemical is detected
FDA

Some Old Spice and Secret deodorants recalled after cancer-causing chemical is detected

Procter & Gamble Co. issued a recall for more than a dozen Old Spice and Secret-branded aerosol deodorants and sprays, warning that the products could contain benzene, a cancer-causing agent. The recall notice, published earlier this week, noted that the affected products likely will not expose people to levels of benzene high enough to cause…MORE