Money

By Paul R. La Monica, CNN Business Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year. The price of the yellow metal is roughly unchanged, hovering just below $1,800 an ounce. Gold prices are up slightly over the past three months as well.

By Matt Egan, CNN Business The Covid era of free money is coming to an end. After dropping interest rates to zero in March 2020 to revive the economy, the Federal Reserve is shifting gears and going into inflation-fighting mode. Fed officials indicated Wednesday they plan to raise interest rates in March, launching a series

By Paul R. La Monica, CNN Business The Federal Reserve may have a playbook for how it plans to tackle inflation and keep the economy humming along. But as any sports fan knows, the best coaches always have to adapt to what’s happening in the game. Sometimes, the strategy has to change. Investors understandably don’t

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