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Chen Shaojie, chief executive of DouYu, in the blue suit, has been unreachable since October, a person familiar with the matter said. Photo: Richard B. Levine/Levine Roberts/ZUMA PRESSSINGAPORE—The list of business executives and political figures who have gone missing in China keeps growing. Top executives at a video-streaming platform and a pharmaceutical company were the latest to disappear, as an intensifying clampdown by Beijing on alleged corruption and malfeasance shakes business confidence in China, among local and foreign firms alike.
Persons: Chen Shaojie, Richard B, Levine, Levine Roberts, ZUMA Organizations: SINGAPORE Locations: China, Beijing
Around that time, it started planning Barbie parties: Celebrations with themed cocktails, pink food and plenty of opportunities to show off Barbiecore outfits in the Instagram-friendly venue, including life-size hot pink Barbie and Ken boxes. By marketing Barbie products to adults, large retailers may be able to get them to buy similar products for kids. With Barbie products that appeal to grown-ups, marketers are “getting that interactivity between adults and children, that bonding,” which can also be used as a selling point. The clothing retailer offers a Barbie line that includes Gap and Barbie branded t-shirts, jackets and more, for both kids and adults. Nordhielm pointed to Cold Stone Creamery’s Barbie pink cotton candy ice cream as a standout.
Persons: Barbie ”, “ Barbie ”, Moshe Isaacian, Isaacian, Richard Drew, , , Tim Calkins, Barbie, Ken, Leana Chavez, cabana, Lauren McCord, Christie Nordhielm, Richard Dickson, Richard B, Levine, Levine Roberts, “ Barbie, Oppenheimer, David Canales, David Reibstein, University of Pennsylvania’s Wharton, we’re, Mike Blake, ” Reibstein, “ it’s, Northwestern’s Calkins, Mattel, Chrissy Teigen Organizations: New, New York CNN, Twitter, Mattel, Warner Bros, CNN, Warner Bros ., Northwestern University’s Kellogg School of Management, Wunder, Georgetown University’s McDonough School of Business, Press, University of Pennsylvania’s, Reuters, Creamery Locations: New York, Wunder Garten, Washington , DC, Zara, Gran Via, Madrid, Malibu, Malibu , California
How America fell out of love with ice cream
  + stars: | 2023-07-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +9 min
Ice cream is “the ultimate comfort food.”Drinkers swapped a pint for a scoop, and for ice cream makers, Prohibition was a boon. “In fact they say that the ice cream business is bound to increase in volume from year to year as more people are using ice cream since the coming in of nation-wide prohibition and the going out of the saloon.”The interest in ice cream continued in World War II, buoyed by the government’s use of the frozen dessert to help boost morale. Margaret Bourke-White/The LIFE Picture Collection/Shutterstock“We built pop-up ice cream factories on the front lines, delivered individual ice cream cartons to foxholes and spent more than a million dollars on a floating ice cream barge that patrolled the Pacific delivering ice cream,” Siegel said. Scoops of Falooda ice cream are placed on top Blueberry Lavender ice cream at Pints of Joy in Sunnyvale, California. Today, she teaches aspiring ice cream entrepreneurs how to make ice cream.
Persons: Earl Leaf, Michael Ochs, Baskin Robbins, , Matt Siegel, ” Siegel, Yuengling, , Margaret Bourke, , Siegel, John Robbins, Robbins, Burt Baskin, Robbins ’, ” Robbins, Robbins “, Deepak Chopra, Marianne Williamson, Lucas Fuess, Richard B, Levine, Levine Roberts, Fuess, John Crawford, “ There’s, Circana, Aric Crabb, Talenti, Earl Grey, ” Crawford, Bryan Olin Dozier, Deborah Lee Organizations: New, New York CNN, US Department of Agriculture, Michael Ochs Archives, Food, Anheuser, Busch, Manufacturers, Cream, Baskin, New York Times, Rabobank, MediaNews, East Bay Times Locations: New York, NY, American, USS Maryland, Chicago , Illinois, Circana, Joy, Sunnyvale , California, Van Leeuwen, North Carolina
New York CNN —US grocery prices ticked up in May after dipping in March and April. Overall, grocery prices were 5.8% more expensive in May than they were a year ago. Together, food prices jumped 6.7% throughout the year, once again outpacing overall annual inflation, which came in at 4%. After falling for a few months, grocery prices ticked up again in May. Egg prices are in historic declineEven though grocery prices ticked up overall from April to May, a number of individual items got cheaper — notably, eggs.
Persons: Richard B, Levine, Levine Roberts, Bacon Organizations: New, New York CNN, Bureau of Labor Statistics ’, ZUMA Locations: New York, America, Ukraine
Shoppers outside Century 21 in Manhattan in 2011. Call it Century 21 light. The flagship location next to the World Trade Center in lower Manhattan opens its doors again on Tuesday. The owners said the store will no longer feature categories such as home décor and full-price makeup counters. It will instead dedicate floor space to midtier and high-end designer apparel, dropping budget items that could easily be found at other off-price retailers.
But for consumers, the lengthy spell in the crossfire of persistently high prices and rising interest rates has taken its toll. Inflation-adjusted consumer spending was flat in March, marking the fourth time in five months that expenditures held steady or declined. “Further deterioration in the job market — the last remaining leg propping up the consumer — is bound to accelerate the downshift in consumer spending in the coming months. Private label growth is one of six indicators that Allison tracks to determine a consumer recession. “If you ask the economists, ‘Are we in a recession?’ they’re going to say ‘No, we’re not in a recession,’” he said.
P&G Earnings Powered by Higher Prices, Again
  + stars: | 2023-04-21 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Tide maker Procter & Gamble said it now expects overall revenue for the fiscal year ending in June to rise. Photo: Richard B. Levine/Levine Roberts/Zuma PressConsumers continue to absorb higher prices for Pampers diapers and Tide detergent, boosting quarterly sales and profit at Procter & Gamble Co. The company raised prices by about 10% across its various brands in the March quarter from a year earlier. It was the second straight quarter with a 10% year-over-year increase as the global company passed along higher costs and widened its profit margins.
People walk past a JCPenney store at the Queens Center Mall in New York in 2016. The Denver Post/Getty Images Shoppers hurry across an intersection in front of a JCPenney store in Denver in 1964. Anne Cusack/The Los Angeles Times/Getty Images Customers shop at a new JCPenney store in New York in 2009. Mary Altaffer/AP A customer goes down an escalator at a JCPenney store in Westminster, Colorado, in 2009. Don Emmert/AFP/Getty Images JCPenney CEO Jill Soltau speaks during an interview in Fort Worth, Texas, in 2019.
5 signs the world is headed for a recession
  + stars: | 2022-10-02 | by ( Allison Morrow | ) edition.cnn.com   time to read: +12 min
New York CNN Business —Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. There’s now a 98% chance of a global recession, according to research firm Ned Davis, which brings some sobering historical credibility to the table. In an interview, its CEO was asked whether he believes the slowdown was a sign of a looming global recession. The upshotWhile the consensus is that a global recession is likely sometime in 2023, it’s impossible to predict how severe it will be or how long it will last. Not every recession is as painful as the 2007-09 Great Recession, but every recession is, of course, painful.
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