Business/Consumer CNN Wire

Amazon destroyed more than 2 million counterfeit products last year

Amazon destroyed more than 2 million suspected counterfeit products that third-party sellers sent to its fulfillment centers last year as part of a crackdown on counterfeit merchandise on its website.The numbers were released Monday in Amazon's first report documenting the…

Chickens are in short supply. Blame Tyson's roosters

Chickens are in short supply. Part of the blame goes to Tyson's roosters.The meat processor, which sells poultry along with beef and pork, said that its chicken volumes have been low in part because the roosters it uses for breeding…

Why the Golden Globes might never be the same

NBC's cancellation of next year's Golden Globes — historically one of the major events on Hollywood's months-long awards calendar — marks a potential turning point in a long-simmering debate about the show's relevance.The organization behind the Globes, the Hollywood Foreign…

Cannabis company growing weed in Colombia goes public in US

Most cannabis companies that list their stocks in the United States grow their products in indoor greenhouses, often in Canada.But a company named Flora Growth that went public on the Nasdaq on Tuesday is taking a different approach. Although headquartered…

American Airlines has to add fuel stops after pipeline shutdown

American Airlines is adding stops on two long-range flights out of Charlotte, North Carolina, in response to fuel supply chain disruptions caused by the shutdown of the massive Colonial Pipeline.One route is normally a nonstop Charlotte-to-Honolulu flight, which will now…

Tesla's weak sales in China worry investors

Tesla's recent run of bad publicity in China is apparently hurting its sales there, raising investor concerns.The electric car leader sold fewer than 26,000 cars in China in April, down 27% from March, according to figures released by the China…

Stocks tumble as surging prices rattle the market

US stocks sold off Tuesday and the Dow briefly tumbled more than 600 points, as investors grow increasingly concerned about raw material price spikes, shortages and inflation.Prices are rising all over the place as commodities, shipping costs and more related…

Gasoline demand spikes in several states after pipeline hack

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…

Victoria's Secret is becoming a publicly traded company

L Brands has officially given up on seeking a buyer for Victoria's Secret and is spinning off the struggling underwear brand to become its own publicly traded company instead.As a result, L Brands will now consist of two publicly traded…

Some big risks to investors have been hiding in plain sight

What do stretched supply chains, rising prices and the ransomware attack on the Colonial Pipeline have in common? They all stem from risks that investors should have had on their radar.For months, it's been clear that snarled supply chains could…

Target is launching a line of plant-based food

Target is launching its own line of plant-based foods as demand continues to grow for meat and dairy alternatives.The new assortment includes more than 30 foods including vegan spreads, almondmilk creamer, oat milk, plant-based dips and meat and chicken alternatives.…

Starbucks has a new Frappuccino for the summer

Starbucks is ringing in summer with a Strawberry Funnel Cake Frappuccino, its first new limited time flavor in more than three years.The new menu item taps into the trend of customers "turning to nostalgic flavors inspired by past experiences" including fairs and amusement…