CNN-Business-Consumer

By Esha Mitra and Rhea Mogul, CNN Firefighters in India’s capital said Wednesday they are close to extinguishing a fire at a landfill site that has been burning for nearly two days, cloaking the area in a toxic haze and choking residents. The blaze broke out Monday at the Ghazipur landfill east of New Delhi,

By Danielle Wiener-Bronner, CNN Business A month after setting his sights on McDonald’s over pig welfare, investor Carl Icahn has turned his attention to Kroger. Icahn is planning to nominate two directors to the company’s board over the issue, the retailer said Tuesday. Shareholders will be able to vote for the nominees’ placement on the

By Nicole Goodkind, CNN Business President Joe Biden delivered a strong message to corporate executives this week in his 2023 spending plan: Share the wealth. His administration wants to discourage stock buybacks, which critics say allow ultra-wealthy executives to manipulate markets while funneling corporate profits into their own pockets instead of the economy. Last year,

By Lucy Bayly, CNN Business The bond market just flashed a warning sign that has correctly predicted almost every recession over the past 60 years: an inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than the

By Anneken Tappe, CNN Business The worker shortage has been a hallmark of the pandemic economy — and it’s far from getting resolved. In February, US businesses had 11.3 million job openings to fill, slightly more than economists had predicted. The level of available positions was little changed from the start of the year but

By Reuters Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight. An unnamed investor sold 599 million shares on Monday evening, facilitated by Goldman Sachs. The shares are roughly equivalent to

By Matt Egan, CNN Business US oil prices briefly tumbled below $100 a barrel on Tuesday but the losses proved fleeting as investors try to make sense of the latest diplomatic developments in the war in Ukraine. The selloff began after Russia indicated it will dial back its assault in parts of Ukraine, easing energy

By Charles Riley, CNN Business In the weeks since Russia invaded Ukraine, Moscow has continued to ship natural gas westward and Europe has used the energy to power industry and heat homes. That may be about to change. President Vladimir Putin has demanded that “unfriendly” countries start paying for natural gas with rubles rather than

By Parija Kavilanz, CNN Business Russia’s refusal to rule out nuclear war has put the world in an unsettling reality: The unthinkable is suddenly a possibility — if extremely remote. One drugmaker, Partner Therapeutics, isn’t waiting to take action. The company said it is helping to ramp up supply in Europe of Leukine, a drug

By Jeanne Sahadi, CNN Business The practical, financial and emotional difficulties of being a refugee are unfathomable. But for the millions of people who have fled Ukraine since Russia invaded, one obstacle may be somewhat easier to tackle in the coming months: Making a living. Businesses and organizations from all over are creating free online

By Nathaniel Meyersohn, CNN Business Walmart, the world’s largest retailer, will stop selling cigarettes in select US stores following years of pressure on big chains to end tobacco sales. Cigarettes are being removed from Walmart in various markets, including some stores in California, Florida, Arkansas and New Mexico, the Wall Street Journal reported Monday. In

As told to by Sabina Bhatia, deputy secretary of the International Monetary Fund Covid-19 wreaked economic havoc on women globally, especially mothers, bringing into sharp focus the policies and practices that continue to thwart gender equality at work and at home. This widening chasm troubles Reshma Saujani, a leading activist, founder of the Marshall Plan

By Julia Horowitz, CNN Business Many countries around the world have decided to live with the coronavirus, even as a new subvariant fuels another wave of infections. But China is an extremely important exception. What’s happening: China continues to deploy “snap” lockdowns as it tries to eliminate transmission of Covid-19 within its borders. The policy

By Chris Isidore, CNN Business Elon Musk says he has Covid for a second time, but he is feeling relatively well. In a tweet early Monday, the CEO of Tesla and SpaceX said he “supposedly have it again (sigh), but almost no symptoms.” He previously tested positive for Covid in November 2020, before a vaccine

By Nathan Hodge, CNN Business Ukrainian President Volodymyr Zelensky has accused Moscow of being “frightened” by journalists “who can tell the truth” after the Kremlin attempted to prevent Russians seeing an interview he gave about the war in Ukraine. Moscow’s media watchdog Roskomnadzor issued a statement Sunday warning Russian news outlets against rebroadcasting or distributing