CNN – Business/Consumer

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 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

CNN, CNN BUSINESS By Chris Isidore, CNN Business Put America’s most popular sporting event in its second-largest metropolitan area. Put the stadium’s home team in the game facing an opponent that has never won a championship. What do you get? Unsurprisingly, you get record Super Bowl ticket prices. SeatGeek said that the average price customers

By Chris Isidore, CNN Business Southwest Airlines reported its first quarterly operating profit since the start of the pandemic. Still, when excluding the financial help it received from the government, Southwest reported another full-year loss. The airline reported it earned $85 million in the quarter, far better than the $23 million forecast by analysts surveyed

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 Chris Isidore, CNN Business Tesla shook off supply chain issues to more than triple earnings from year-ago results, easily topping Wall Street’s expectations for the quarter. The company had adjusted earnings of $2.9 billion, up sharply from $903 million a year earlier and well above $2.6 billion forecast by analysts surveyed by Refinitiv. Revenue

CNN, CNNBUSINESS 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

By Charles Riley, CNN Business Some are calling it the “nuclear option.” As Western governments threaten Russia with a package of unprecedented sanctions aimed at deterring President Vladimir Putin from ordering an invasion of Ukraine, there’s one measure in particular that appears to strike fear at the heart of the Kremlin: cutting the country off

CNN By Peter Valdes-Dapena, CNN Business It wasn’t exactly “The Fast and the Furious” — pretty much the opposite — but the 1988 Oscar winning film “Rain Man” featured cars as an integral part of the story. And the movie’s most famous car, a 1949 Buick Roadmaster, is up for auction. The beige convertible has