Category Archives: CNN – Business

Chick-fil-A is facing a sauce shortage

Chick-fil-A is facing a sauce shortage

The supply chain shortage just got fowl: Chick-fil-A is limiting the number of sauces it’s giving out to customers because of limited stock. The chicken chain said Wednesday that industry-wide supply chain issues, which are affecting essentially every aspect of the economy, has resulted in a “shortage of select items” that Chick-fil-A serves, including sauces.…MORE

Why Americans are panic buying fuel — and why you shouldn’t

Why Americans are panic buying fuel — and why you shouldn’t

A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware attack that shut down the Colonial Pipeline, a critical artery for gasoline. The panic-buying threatens to exacerbate the supply shock. US gasoline demand climbed by 14% on Tuesday compared with the…MORE

Investors may have misjudged the recovery summer

Investors may have misjudged the recovery summer

We’ve all missed live concerts, weekend getaways and long vacations in the sun. Finally, thanks to coronavirus vaccination campaigns, such activities seem possible again, encouraging investors to pile into travel and entertainment stocks. But a closer look at what many of these companies are saying shows that 2022, and not 2021, may be where most…MORE

People are shopping at department stores again. But don’t call it a comeback

People are shopping at department stores again. But don’t call it a comeback

More people are refreshing their wardrobes at department stores again as they head back into restaurants and offices. That’s great news for stores like Macy’s, Nordstrom and Kohl’sā€” but the comeback is probably fleeting. Top department store chains say they are benefiting from built-up demand among consumers after a year in which many shoppers stayed…MORE

Gas stations in the Southeast run out of gas as people panic buy fuel

Gas stations in the Southeast run out of gas as people panic buy fuel

Gas stations in the southeastern United States face significant outages Wednesday as the Colonial Pipeline shutdown stretches into a sixth day, sparking panic-buying that is exacerbating the supply crunch. As of 11 a.m. ET, 28.2% of all gas stations in North Carolina, 17.5% in Georgia and 17.1% in Virginia are without gasoline, according to GasBuddy,…MORE

The UK economy still has a huge mountain to climb

The UK economy still has a huge mountain to climb

The UK economy is coming out of its deep freeze. Gross domestic product shrunk by 1.5% in the first quarter, according to the Office for National Statistics, a better than expected performance that was helped by a surge in activity in March as coronavirus restrictions were eased slightly. The lifting of the remaining restrictions is…MORE

Companies are being held to ransom. Should they pay up to get back online?

Companies are being held to ransom. Should they pay up to get back online?

A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the world’s largest corporations and strategic infrastructure. It also raises a thorny question: should companies held to ransom yield to extortionists or resist making payments? Often it’s a choice between regaining access…MORE

More than 40% of expats in a new survey are thinking of leaving Hong Kong

More than 40% of expats in a new survey are thinking of leaving Hong Kong

More than 40% of expats surveyed by the American Chamber of Commerce in Hong Kong say they’re considering moving away from the former British colony as China’s influence grows and the city continues to enforce stringent quarantine rules. In a report released on Wednesday, the largest international chamber in Hong Kong found that 42% of…MORE

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