Money

By Laura He and Anna Cooban, CNN Hong Kong/London (CNN) — BYD reported a jump of more than 80% in profit in its first set of annual earnings since it stole Tesla’s crown as the world’s top seller of electric vehicles. Net profit almost doubled to 30 billion yuan ($4.2 billion) last year, from 16.6

By Elisabeth Buchwald, CNN New York (CNN) — Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by merchants. The settlement is set to lower swipe fees merchants pay when customers make purchases

By Alicia Wallace, CNN (CNN) — US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index rose 6% in January

CNN, POOL, GETTY IMAGES By Alicia Wallace, CNN (CNN) — US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index

By Hanna Ziady, CNN London (CNN) — The United States risks a bond market crisis of the kind that engulfed the United Kingdom 18 months ago, sending yields soaring and sparking a run on the pound, according to Congress’s independent fiscal watchdog. The stark warning from the Congressional Budget Office comes as US government debt

By Nicole Goodkind, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. US-based corporations are making more money than ever before, and

By Samantha Murphy Kelly, CNN (CNN) — When Apple launched its first Mac computer in 1984, with its iconic Mac smiley-face “hello” greeting, it wanted to differentiate itself in the fledgling PC market. The Mac was approachable with its friendly, innovative design – Apple’s way of setting the Mac apart in the confusing PC landscape.

By Elisabeth Buchwald and Bryan Mena, CNN (CNN) — Americans hamstrung by high borrowing costs on car loans, mortgages and credit cards shouldn’t expect much of a break this year. That’s because some Federal Reserve officials are reconsidering forecasts they made three months ago that called for three rate cuts this year. Currently, the Fed’s

By Ramishah Maruf, CNN New York (CNN) — McDonald’s customers can soon pair Krispy Kreme doughnuts with their morning McCafe, in a new food partnership that seeks to expand both brands but that could wind up weakening them instead. Three types of Krispy Kreme doughnuts — original glazed, chocolate iced with sprinkles and chocolate iced “kreme” filled —

By Matt Egan, CNN New York (CNN) — For the first time in almost 30 years, part of Donald Trump’s business empire has gone public. Trading started with a bang, but the frenzy eased considerably by the closing bell, with shares ending well off their highs of the day. Trump Media & Technology Group, the

By Ramishah Maruf, CNN New York (CNN) — Food prices have gone a bit bananas — and that includes a famously priced 19-cent fruit at Trader Joe’s. The snack-heavy grocer told CNN on Monday that it recently increased the price of the banana to 23 cents, a more than 20% increase. “We only change our

By Peter Valdes-Dapena, CNN (CNN) — Shares of Fisker, a California-based electric vehicle startup, were halted Monday. This comes after the company warned, in an earnings report in March, that it might not have enough cash to survive the year. Later in the day, the New York Stock Exchange announced it planned to delist Fisker’s

By Shawn Nottingham and Brian Fung, CNN (CNN) — Florida Republican Governor Ron DeSantis signed a bill into law banning children under age 14 from having their own social media accounts on Monday, according to a news release from the governor’s office. Fourteen and 15-years-old will be allowed to have accounts with parental consent. In addition to

By Brian Fung, CNN (CNN) — A federal judge on Monday threw out a lawsuit by Elon Musk’s X that had targeted a watchdog group for its critical reports about hate speech on the social media platform. In a blistering 52-page order, the judge blasted X’s case as plainly punitive rather than about protecting the platform’s

By Matt Egan, CNN New York (CNN) — Truth Social owner Trump Media & Technology Group has finalized its deal to go public, creating a massive windfall for former President Donald Trump that doubles his net worth. After Trump Media announced it will make its stock market debut on Tuesday, Trump for the first time

CNN By Chris Isidore, CNN New York (CNN) — Boeing CEO Dave Calhoun said Monday he intends to leave the beleaguered company by the end of the year in a major shakeup of the company’s leadership. Boeing’s chairman and the head of the commercial airplane unit are also leaving. Boeing’s chairman, Larry Kellner, will not

By Nathaniel Meyersohn, CNN New York (CNN) — Nike Air Force 1 and Nike Pegasus sneakers are everywhere. That’s a problem for Nike, and it wants to make them harder to buy. Nike is scaling back production of these classic sneaker lines to prevent discounting and make room for its newer lines. The Air Force

By David Goldman, CNN New York (CNN) — Chick-fil-A is ditching its “no antibiotics ever” promise. Citing diminishing chicken supply, Chick-fil-A will back off its pledge never to serve chicken that was fed antibiotics, and instead it will embrace a looser industry standard: “no antibiotics important to human medicine.” Chick-fil-A first announced that it would

By Chris Isidore, CNN New York (CNN) — Boeing CEO Dave Calhoun said Monday he intends to leave the beleaguered company by the end of the year in a major shakeup of the company’s leadership. Boeing’s chairman and the head of the commercial airplane unit are also leaving. Boeing’s chairman, Larry Kellner, will not stand

By Olesya Dmitracova, CNN London (CNN) — The European Union has launched investigations into Apple, Google and Facebook parent Meta on suspicion that they are failing to comply with a new landmark European law designed to promote competition in digital services. The European Commission said it “suspects” that various practices by all three companies “fall