Using a credit card? Watch out for the 'checkout fee'

Stores in most states could start charging you a fee on Sunday when you buy something with credit cards, as a result of a Visa and Mastercard settlement last summer. NEW YORK (CNNMoney) The new fees stem from a multi-billion dollar settlement announced...

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China's growth to hit 8% in 2013

Davos, Switzerland (CNNMoney) "I think China's growth rate will be about 8% this year," Yi Gang said during a debate at the World Economic Forum in Davos, Switzerland. He said consumer price inflation could reach 3% or slightly higher. The world's...

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Stocks: Jobs reports in focus this week

Click the chart for more stock market data. NEW YORK (CNNMoney) Investors will get a complete view of the U.S. job market, with three days in a row of labor data on tap. The jobs barrage kicks off on Wednesday, with payroll processor ADP's monthly...

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Europe: No retreat from austerity

As Europe's economy has struggled, tough austerity measures have drawn protests like this one in London last fall. Davos, Switzerland (CNNMoney) One after another, politicians and central bankers queued up at the World Economic Forum in Davos to...

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Housing to drive economic growth (finally!)

Economists expect the housing market to be the primary driver of growth this year. NEW YORK (CNNMoney) Just over half of economists surveyed by CNNMoney identified a housing recovery as the primary driver of economic growth this year. The rest...

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Super Bowl alert: Chicken wings will cost you

McDonald's is testing out Mighty Wings in select locations, a move that some experts say is helping to drive up chicken wing prices. NEW YORK (CNNMoney) But what will really hurt your wallet come game day? Chicken wings. Every year, the cost...

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Stocks: Caterpillar, durable goods give early lift

Click the chart for more premarket data. NEW YORK (CNNMoney) The Census Bureau said durable goods orders rose 4.6% in December. Analysts were looking orders to rise just 1.6% last month, following a 0.7% uptick in November. Caterpillar's fourth-quarter...

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Yahoo earnings: Mayer still has much to prove

NEW YORK (CNNMoney) Since then, Yahoo's stock has been on a tear and analysts are pinning their hopes for a Big Purple Turnaround squarely on Mayer. Mayer has laid out her plans to usher in a new era at Yahoo (YHOO, Fortune 500), and she's generated...

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Toyota reclaims global auto sales crown

Final sales numbers confirm that Toyota's 2012 car sales topped those of General Motors and Volkswagen. NEW YORK (CNNMoney) Earlier this month, General Motors (GM, Fortune 500) announced global sales of 9.29 million vehicles for the year. On Monday,...

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Stocks pause after recent run

Click for more market data. NEW YORK (CNNMoney) The Dow Jones industrial average was down 0.2%, while the S&P 500 fell 0.3%. The Nasdaq was little changed. Alcoa (AA, Fortune 500) was the worst performing Dow component, while American...

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HSBC in $249 million foreclosure settlement

NEW YORK (CNNMoney) Under the deal with the Federal Reserve and the Office of the Comptroller of the Currency, HSBC (HBC) will offer $96 million in direct cash payments to borrowers and $153 million worth of other relief, including loan modifications...

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$21 million payday for Goldman Sachs CEO

Goldman Sachs' CEO Lloyd Blankfein got a 75% raise in 2012. NEW YORK (CNNMoney) Four other executives at the helm of the investment bank were rewarded with similar spikes in their 2012 pay. On top of his base salary of $2 million, Goldman Sachs'...

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Your future self thinks you should save more

NEW YORK (Money Magazine) You've got a bit of an uphill battle for the simple reason that it's a lot more fun to spend than save. Still, I have a suggestion that may be able to help you convince your hubby to rein in his free-spending ways and throw...

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Federal Reserve was blind to crisis in 2007

NEW YORK (CNNMoney) The more than 1,300 pages offer the most comprehensive look at the Federal Reserve's deliberations, leading up to the start of the Great Recession in December 2007. It's the central bank's policy to release full transcripts with...

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Stocks: Tech earnings to dominate

Click the chart for more stock market data. NEW YORK (CNNMoney) U.S. markets will be closed Monday in observance of Martin Luther King, Jr. Day. Earnings season will pick right back up again on Tuesday, as several tech giants, including Google...

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Eric Schmidt's daughter details North Korea visit

Google's Eric Schmidt, along with his daughter Sophie and former New Mexico Gov. Bill Richardson, wrapped up a controversial trip to North Korea earlier this month, during which he urged the isolated state to embrace the Internet or face further economic...

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Carriers brace for a nasty quarter

NEW YORK (CNNMoney) It sounds backwards, but the more smartphones carriers sell, the worse their profit margins get. The new phone you buy for $199 costs your carrier two or three times as much when they buy it from the manufacturer. They pay the...

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PayPal: 'Aggressive changes' coming to frozen funds policy

NEW YORK (CNNMoney) The eBay (EBAY, Fortune 500)-owned payments processor, like other financial companies, has policies in place to ensure that fraudsters aren't using its system to transfer ill-gotten gains. But PayPal also traps legitimate businesses...

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Batmobile sells for $4.6 million

NEW YORK (CNNMoney) The car had been the sole property of its creator, legendary car customizer George Barris. It was sold at collector car auction company Barrett Jackson's annual auction near the company's Scottsdale, Ariz., headquarters. The final...

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What your health care will really cost

New web tools can help you figure out how much a medical procedure will really cost. (Money Magazine) These days those costs are less puzzling. As consumers shoulder more of their health care bills, insurers, government officials, and private firms...

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Fed hawks hint at early end to bond buying

St. Louis Federal Reserve President James Bullard thinks bond buying could come to an early end if the economy continues to improve. SAN DIEGO (CNNMoney) A day earlier, minutes from the Fed's December meeting hinted that some Fed members believe...

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NHL deal means payday for sports stores

Many store owners are expecting customers to shop for hockey merchandise now that teams are expected to resume playing. NEW YORK (CNNMoney) "We expect NHL jerseys and gear sales to pick up right away," said Wayne Woodward of BigSportsShops.com,...

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Stocks: Earnings season springs

Click the chart for more stock market data. NEW YORK (CNNMoney) Following last week's big market rally and a status-quo employment report that showed businesses weren't overly spooked by the fiscal cliff, several major companies will start reporting...

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Banks get reprieve on new rules

Banks have been given more time to meet new capital requirements. HONG KONG (CNNMoney) The rule change affects the "liquidity coverage ratio," a minimum standard set by regulators as part of the Basel III accord. Banks will now have more time to...

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Google's Schmidt starts North Korea trip

Google Chairman Eric Schmidt was spotted Monday at Beijing International Airport. HONG KONG (CNNMoney) Despite intense media interest over the past week, few details of the trip -- which is taking place despite objections from the U.S. State Department...

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Nations prepare for cyber war

NEW YORK (CNNMoney) In 2012, large-scale cyberattacks targeted at the Iranian government were uncovered, and in return, Iran is believed to have launched massive attacks aimed at U.S. banks and Saudi oil companies. At least 12 of the world's 15 largest...

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Bank of America in $10 billion settlement with Fannie Mae

BofA reached a $10.3 billion settlement with Fannie Mae on Monday. NEW YORK (CNNMoney) BofA (BAC, Fortune 500) will pay $3.55 billion in cash to Fannie as part of the deal. It will also repurchase 30,000 questionable mortgages that are likely to...

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Stocks: Earnings in focus

Click the chart for more premarket data. NEW YORK (CNNMoney) Aluminum producer Alcoa (AA, Fortune 500) will be the first major firm to report fourth-quarter earnings after the closing bell Tuesday. U.S. stock futures pointed to a flat opening...

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How to tackle your spouse's overspending

NEW YORK (Money Magazine) Beware: As Deborah Price, author of The Heart of Money: A Couple's Guide to Creating True Financial Intimacy, puts it, "Money is an area where we're prone to being irrational, illogical, and overly emotional." To broach...

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