Gabrielle Fonrouge, CNBC

During a recent event celebrating Foot Locker’s 50th anniversary in New York City, it was hard to imagine that the legacy sneaker chain was appearing on bankruptcy watch lists as recently as March. Grammy-nominated rapper Coi Leray was there to celebrate the […]

Key points Prices on Shein and Temu could rise by as much as 20% if the Biden administration successfully closes the so-called “de minimis loophole.” The loophole allows packages valued under $800 to avoid import duties and scrutiny at the