Money

By Matt Egan, CNN Business The Federal Reserve is likely to raise interest rates four times this year in response to high inflation and low unemployment, Goldman Sachs advised clients on Sunday evening. Rate hikes from the Fed will raise the cost of borrowing, on everything from mortgages and car loans to credit cards. The

By Peter Valdes-Dapena, CNN Business Americans may be feeling uneasy about the economy, but if sales of ultra-luxury cars are any indication, the super rich are doing just fine. Both Rolls-Royce and Bentley posted record sales in 2021. Last year, Rolls-Royce delivered 5,586 cars around the world, the most cars Rolls-Royce has ever sold in

By Paul R. La Monica, CNN Business Zynga, the mobile game developer known for hits like FarmVille, Words With Friends and a popular Texas Hold’em poker game, is pairing up with Take-Two Interactive, the developer of the Grand Theft Auto franchise of games. Take-Two said Monday it is buying Zynga in a cash-and-stock deal valued

Opinion by Glenn Kelman for CNN Business Perspectives The Build Back Better bill, if it ever comes to pass, now seems unlikely to include any major climate change provisions. But we can still reduce our own carbon emissions, starting with our own homes. About 20% of greenhouse gases in the US come from homes. And

By Jordan Valinsky, CNN Business Basically every fast food chain has a spicy sandwich on sale, but Arby’s version is so hot that it includes a fire retardant. Beginning Monday through February 6, Arby’s is selling what it deems the “spiciest sandwich on the market,” called the new Diablo Dare. It costs $5.99 and also

By Danielle Wiener-Bronner, CNN Business Goldfish is growing up. Pepperidge Farm, which makes the crackers, is rolling out a new line of snacks called Goldfish Mega Bites, which is designed to appeal to adults. Mega Bites come in two flavors: Sharp Cheddar and Cheddar Jalapeno. The Mega Bites crackers, which are larger than traditional Goldfish,

By Julia Horowitz, CNN Business Looming interest rate hikes are slamming US tech stocks, which dropped sharply last week as investors reassessed how higher borrowing costs could hit their portfolios. But it’s not the only sector to take a beating. What’s happening: Shares of US homebuilders including Toll Brothers, Lennar and PulteGroup were among the

By Jordan Valinsky, CNN Business Savannah Guthrie, host of NBC’s morning show ‘Today,’ announced Monday that she has Covid-19 — just a few days after her co-anchor Hoda Kotb announced she was positive for the virus. Kotb, meanwhile, returned to Studio 1A this week after recording two negative tests less than a week after her

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Bob Saget was “an ever-present figure in American living rooms,” as Phil Mattingly said on CNN Sunday night. That’s why Saget’s sudden death at age 65 prompted breaking news bulletins,

By Ramishah Maruf, CNN Business Katie Harbath worked for 10 years inside Facebook, where she was most recently the company’s public policy director managing elections. Now, she’s the founder and CEO of Anchor Change, and on “Reliable Sources” Sunday, she spoke out about her old company and its role in democracy. Harbath said Facebook shouldn’t

By Allison Morrow, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly simple to understand and absurdly complicated. Let’s start with the simplest version: Inflation happens when prices broadly go up. That “broadly” is important: At any given time, the price of goods will fluctuate based on shifting tastes. Someone makes