CNN – Business/Consumer

By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. RETAIL THERAPY Never underestimate just how much Americans are willing to spend to soothe ourselves in the midst of a crisis. The US economy grew 5.7% last year,

By Anneken Tappe, CNN Business Thursday’s stock market rally didn’t last long. The major indexes gave back sharp gains from earlier in the day. Both the S&P 500 and the Nasdaq Composite ended in negative territory, down 0.5% and 1.4%, respectively. The S&P 500 has fallen for three straight days and is now down 10%

Kathryn Vasel, CNN Business As the pandemic heads into yet another year, companies are still grappling with uncertainty in the workplace. Many have attempted to reopen their offices, only to be stymied by new variants or outbreaks that necessitated yet another shutdown or a delayed re-opening. So some businesses are removing the guesswork altogether by

By Danielle Wiener-Bronner, CNN Business Higher prices and chicken sandwiches are helping boost McDonald’s sales. But earnings disappointed Wall Street Thursday morning. Last year, sales at US stores open at least 13 months jumped 13.8%, the largest annual increase since McDonald’s started reporting comparable sales in 1993, the company said Thursday. In the fourth quarter,

By Julia Horowitz, CNN Business The stock market has been jolted by indications the Federal Reserve will move to aggressively raise interest rates to rein in inflation. What’s happening: The Fed announced Wednesday that it would begin lifting rates “soon” to combat the sharp rise in prices. Chair Jerome Powell said the central bank is

By Jordan Valinsky and John General, CNN Bud Light Next, the first zero-carb beer from Anheuser-Busch, is hitting shelves next week. The new beer goes on sale nationwide February 7, about a week before the Super Bowl, traditionally one of the most popular days for beer consumption. Anheuser-Busch is using the championship football game to

By Jordan Valinsky, CNN Business Pizza Hut is hopping on the spicy food trend. Beginning Thursday, it’s rolling out the “Spicy Lover’s Pizza” for a limited time. The pie features spicy marinara sauce, two types of pepperoni (classic and crispy cupped), red jalapeño peppers and a sprinkled topping custom made with herbs and crushed chili

By Laura He, CNN Business Global stock markets dropped Thursday after the US Federal Reserve signaled it that will move quickly to hike interest rates. Asian markets tumbled. Japan’s Nikkei slid 3.1% to close at its lowest level in 14 months and South Korea’s Kospi slipped into a bear market after declining 3.5%. China’s Shanghai

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Journalists in Mexico are fed up. In a country whose climate is infamous for being exceedingly hostile toward journalists, a spate of murders has disillusioned an already cynical press corps,

By Matt McFarland, CNN Business Frederica Wilson, the US Congresswoman representing much of Miami, says she must leave home by 6:30 a.m. to beat traffic on South Florida’s highways. “If I wait 10 more minutes, it’s too late,” Wilson, a Democrat first elected to Congress in 2010, said. “Then it becomes a literal parking lot.”