CNN – Business/Consumer

By Brian Stelter, CNN (CNN) — Around 6:15 a.m. on Monday, “Fox & Friends” co-host Brian Kilmeade pitched a solution to President Trump’s growing political problem in Minnesota. “What I would do is just bring Tom Homan in,” he said. Kilmeade, a Trump booster who knows the president often watches the morning show, volunteered the

By John Liu, CNN (CNN) — Gold prices surged beyond $5,000 per ounce for the first time late Sunday, as investors rushed to the safe-haven asset as concern spread that US President Donald Trump is upending relations with key allies, from Europe to Canada. In this year’s first 26 days, the price of gold has

By Tami Luhby, CNN (CNN) — Home heating costs are expected to rise 9.2% this winter as electricity and natural gas prices climb and colder-than-average weather grips large swaths of the United States, according to the National Energy Assistance Directors Association. These rising utility bills come as many Americans are already having a tough time

By Jordan Valinsky, CNN New York (CNN) — Move over, protein. Fiber is on pace to be the next “it” nutrient of the year. Consumers — particularly Gen Z — are fixated on stomach health, leading to the “fibermaxxing” trend taking hold on TikTok. As people try to maximize the fiber in their meals, major

By John Towfighi, CNN New York (CNN) — The stock market in President Donald Trump’s first year back in the White House was the weakest of any president’s first year of a new term since 2005, when George W. Bush started his second term. From Trump’s inauguration day to January 20, 2026, the S&P 500

By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday threatened to slap 100% tariffs on Canadian imports if America’s second-biggest trading partner makes a trade deal with China. The comments threaten to deepen the divide between Trump and Canadian Prime Minister Mark Carney, after back-and-forth threats to impose tariffs on Canadian goods, including

By Tami Luhby, CNN (CNN) — Millions of Americans got a nasty reminder this month of just how costly health care coverage is. Workers, Obamacare enrollees and Medicare beneficiaries are all contending with steeper-than-usual hikes in their health insurance premiums for 2026 – yet another stressor in the nation’s affordability crisis. Employers’ health benefit costs

By Matt Egan, CNN New York (CNN) — Three Democratic senators are sounding the alarm about lucrative contracts and loans the Pentagon provided to companies linked to Donald Trump Jr. In a letter sent Thursday to Secretary of Defense Pete Hegseth, the lawmakers – Sens. Elizabeth Warren, Andy Kim and Richard Blumenthal – requested information

CNN By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the

By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the bank

By Matt Egan, Chris Isidore, CNN New York (CNN) — Severe winter weather warnings have fueled extreme price hikes in the notoriously-volatile natural gas market. The contracts for near-term US natural gas futures have skyrocketed more than 70% so far this week, according to FactSet data. That leaves natural gas on track for the biggest

By Alicia Wallace, CNN (CNN) — Consumers continued to ramp up their spending as the holiday shopping season kicked into high gear in November, but inflation continued to bite, new data showed Thursday. A shutdown-delayed report from the Commerce Department showed that spending rose 0.5% from October, above economists’ expectations for a 0.4% gain. Notably,

By Clare Duffy, Hadas Gold, CNN New York (CNN) — Elizabeth Holmes, the disgraced Theranos CEO, has asked President Donald Trump for an early release from prison after being convicted of defrauding investors, according to a request filed last year with the Department of Justice. Holmes was convicted in 2022 and reported to a federal

By Brian Stelter, Liam Reilly, CNN (CNN) — A federal judge has blocked the Justice Department from examining Washington Post reporter Hannah Natanson’s phone and computers for the time being. Magistrate Judge William B. Porter granted The Post’s motion for a “standstill order” in the case shortly after the newspaper sought one on Wednesday. “The

By Chris Isidore, Matt Egan, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon limited his criticism of President Donald Trump in a question-and-answer session at Davos on Wednesday – with one notable exception. Trump’s plan for a 10% cap on credit card interest rates, Dimon said, “would be an economic disaster.” Speaking at the at

By Elisabeth Buchwald, Ana Nicolaci da Costa, CNN Strasbourg, France (CNN) — A key group of European Parliament members blocked a vote to ratify a US-European trade deal Wednesday after President Donald Trump threatened to take over Greenland and charge as much as an additional 35% tariff on countries opposed to his ambitions. Then, hours

By Lauren Said-Moorhouse, Lauren Kent, CNN London (CNN) — Prince Harry struggled to hold back his emotions as he wrapped up his evidence at a London court on Wednesday, as part of his lawsuit against the publisher of the Daily Mail over allegations of unlawful information gathering, saying “they have made my wife’s life an

By Jack Guy, CNN (CNN) — Michael O’Leary, CEO of Europe’s biggest airline, Ryanair, says his ongoing feud with tech billionaire Elon Musk has boosted the budget carrier’s ticket sales. “It is very good for our bookings,” O’Leary said at a news conference in Dublin on Wednesday, highlighting the fact that the company has been

By Elisabeth Buchwald, CNN (CNN) — If your next Amazon order seems more expensive, President Donald Trump’s sweeping tariffs may be partially to blame, Amazon CEO Andy Jassy said Tuesday. Like many retailers, Amazon and its vast network of third-party sellers loaded up on inventory ahead of Trump’s tariff rollout last spring. But that supply

By Brian Stelter, CNN (CNN) — In an ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock. Netflix and Warner Bros. Discovery, WBD for short, announced the amended plan on Tuesday morning,

By John Towfighi, CNN New York (CNN) — Investors revived the “Sell America” trade Tuesday and sold off US stocks, bonds and the dollar amid concerns about President Donald Trump’s clash with European leaders over ownership of Greenland. The Dow closed lower by 871 points, or 1.76%. The broader S&P 500 fell 2.06%. The tech-heavy

By Tami Luhby, CNN (CNN) — The richest people on the planet are far more likely to be in power politically than everyone else, Oxfam’s annual inequality report found. Some 74 of the world’s 2,027 billionaires held either executive or legislative government positions in 2023, giving them a 3.6% chance of holding office, according to

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s latest tariff threats over Greenland and Europe’s potential countermeasures could result in significantly higher import prices that could weaken both economies. Neither side appears to be messing around: In an extraordinary escalation of Trump’s pursuit of Greenland, the president announced Saturday that he would impose 10%

By Auzinea Bacon, CNN (CNN) — Tech giants are in a heated race to build data centers and dominate the AI landscape. But America might not be ready for the energy demand. The country’s aging electrical grid could struggle to keep up with the surge in energy needs. And US households are largely footing the

By Auzinea Bacon, CNN (CNN) — President Donald Trump purchased up to $2 million in Netflix and Warner Bros. Discovery investments days after the announcement of a megadeal between the two media giants, among other purchases, according to a financial disclosure from the White House, renewing questions from ethics experts around potential conflicts of interest.

By Jordan Valinsky, CNN New York (CNN) — Dos Equis is reviving its famous “The Most Interesting Man” advertising campaign after a decade in an effort to turn around the beleaguered brand. Sales of the Heineken-owned Mexican lager dropped last year, mirroring a broader industry decline as drinkers consume less beer. Executives hope the once-popular

By Ramishah Maruf, Kit Maher, CNN (CNN) — The Trump administration and a consortium of governors from northeastern states are asking PJM, the country’s largest electrical grid operator, to hold an emergency power auction as part of an effort to make technology giants pay for surging power costs from new data centers. In the auction,

By Jeanne Sahadi, CNN (CNN) — A background check can sink a job offer if prospective employers don’t like what they see. While they can request to have a lot of information about a job candidate’s past included in such a report, increasingly they are no longer allowed to request people’s credit history. New York

By John Towfighi, CNN New York (CNN) — President Donald Trump’s proposal for a one-year 10% cap on credit card interest rates has struck a chord in debates about affordability — and set up a potential clash with Wall Street. A rate cap could offer short-term relief, though it’s unclear if it would meaningfully address

By Auzinea Bacon, CNN (CNN) — In 2024, US buyers had a choice of three cars priced under $20,000. Now, there are none. Data on car-buying costs released Monday show how much the loss of cheaper models can hurt customers: New car buyers paid $50,326 on average in December, a record high, according to estimates

By Brian Stelter, CNN (CNN) — The Trump administration is exerting political pressure on Stars & Stripes, the independent military newspaper that informs US servicemembers worldwide. Pentagon spokesman Sean Parnell announced Thursday that the Department of Defense will “modernize” the outlet and “refocus its content away from woke distractions that syphon morale, and adapt it

By Samantha Delouya, Hadas Gold, CNN (CNN) — Ashley St. Clair, the mother of one of Elon Musk’s children, sued Musk’s xAI on Wednesday, alleging that the company’s AI chatbot Grok generated sexually explicit deepfake images of her without her consent. “xAI’s product Grok, a generative artificial intelligence (‘AI’) chatbot, uses AI to undress, humiliate,

By Chris Isidore, Adam Cancryn, CNN (CNN) — Hundreds of millions of dollars that the United States is raising from the sale of Venezuelan oil is being sequestered in Qatar. It’s an indirect path that could speed the flow of much-needed money to Venezuela, but it also raises questions about the transparency surrounding those funds.

By Samantha Delouya, CNN (CNN) — The average 30-year fixed mortgage rate was 6.06% for the week ending January 15, according to Freddie Mac. The last time home borrowing rates were this low was September 2022. Experts hope the drop could help ease the stalemate in the housing market. “The impacts are noticeable, as weekly

By Brian Stelter, CNN (CNN) — Early on in her tenure as President Trump’s attorney general, Pam Bondi scrapped a Biden-era policy that banned the Justice Department from pursuing reporters’ phone records and notes while investigating leakers. The message was unmistakable: Trump-era investigators would welcome a confrontation. And now they have one. This week, the

By David Goldman, CNN (CNN) — The United States is considering whether to strike Iran as turmoil intensifies for the country’s authoritarian regime. The Iranian government is at its weakest point in years, destabilizing yet another OPEC nation less than two weeks after the United States toppled the government of Venezuela. Protests have erupted in

By Samantha Delouya, CNN (CNN) — The United States has completed its first sale of Venezuelan oil, valued at $500 million, according to an administration official. Additional sales of oil are expected in the coming days and weeks, the official added. In the days since the United States attacked Venezuela and captured its president, Nicolás

By Elisabeth Buchwald, Lisa Eadicicco, CNN (CNN) — President Donald Trump enacted a new 25% tariff on “certain advanced computing chips” on Wednesday, according to a White House fact sheet. That includes Nvidia’s H200 chip and AMD’s MI325X. However, chips imported to support building up the US technological supply chain would be exempt. It’s unclear,

By Hadas Gold, CNN (CNN) — Elon Musk’s Grok artificial intelligence chatbot will no longer edit “images of real people in revealing clothing” on the X platform, the company confirmed Wednesday evening, following global outrage after Grok was found to be complying with user requests to digitally undress images of adults and in some cases

By Clare Duffy, CNN New York (CNN) — YouTube will now let parents limit the amount of time their teens can spend scrolling through its short-form video feature, Shorts, or block them all together. The option is part of a group of new parental controls the popular video platform announced on Wednesday. YouTube, like many

CNN By Katelyn Polantz, Devan Cole, CNN (CNN) — The longtime government contractor whose activity prompted the controversial search of a Washington Post reporter’s home acknowledged he mishandled classified information, prosecutors said, according to a court hearing transcript obtained by CNN. Aurelio Perez-Lugones told federal investigators he was angry about “recent government activity,” Assistant US

By Brian Stelter, Katelyn Polantz, CNN (CNN) — Washington Post reporter Hannah Natanson has spent the past year as a “federal government whisperer,” receiving tips from hundreds of federal workers impacted by President Donald Trump’s transformation of the government. Early Wednesday morning, FBI agents arrived at Natanson’s home and executed a search warrant. One phone,

By Alicia Wallace, CNN (CNN) — Price hikes picked up speed for US-based businesses toward the end of last year, a potential signal that inflation has yet to peak and prices could soon rise faster for consumers. US wholesale inflation picked up speed in November, pushed higher in part by fast-rising energy prices, according to

By Bryan Mena, CNN Washington (CNN) — Sales at US retailers rose at a solid pace in November, despite jitters about the economy and a slowing labor market. Retail sales rose 0.6% in November, the Commerce Department said Wednesday, up sharply from October’s downwardly revised 0.1% decline. That was higher than the 0.4% increase economists

By Luciana Lopez, Nathaniel Meyersohn, CNN (CNN) — Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection late Tuesday. The company had struggled with a heavy debt load following its purchase of rival Neiman Marcus in 2024. Saks was in a precarious financial situation before its Neiman

By Clare Duffy, CNN New York (CNN) — Microsoft says it will ask to pay higher electricity bills in areas where it’s building data centers, in an effort to prevent electricity prices for local residents from rising in those areas. The move is part of a broader plan to address rising prices and other concerns

By Alicia Wallace, CNN (CNN) — US consumer prices rose 2.7% annually in December, closing out a year that saw slight progress on inflation but continued affordability concerns for many Americans. The latest Consumer Price Index, which measures the average change in prices for some commonly purchased goods and services, showed that the annual pace

By Lianne Kolirin, CNN London (CNN) — The BBC is taking steps to have Donald Trump’s defamation lawsuit against it dismissed, a court document showed. Last month, the US president sued the British broadcaster for defamation over a BBC documentary featuring edited clips of a speech he made on January 6, 2021. The edit spliced

By Lisa Eadicicco, CNN Las Vegas (CNN) — Amazon doesn’t just want Alexa to know you. It wants her to remember things about you, like a close friend or family member would. That’s the driving philosophy behind the vision for Alexa’s future, which Amazon executives detailed in conversations with CNN at the annual Consumer Electronics

By Chris Isidore, CNN (CNN) — Tesla’s robotaxi service has been mostly hypothetical so far, but it’s certainly taking the company’s shareholders for a real ride. Tesla debuted its ride-hailing service using cars with its so-called full self-driving (FSD) tech in Austin, Texas, in June. At the rollout, CEO Elon Musk announced the ambitious goal

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said on Monday that countries that do business with Iran will face a new 25% tariff. The announcement appears to mean goods from China, a major trading partner of both Iran and the United States, would become significantly more expensive to import. “Effective immediately, any Country

By Brian Stelter, Liam Reilly, CNN (CNN) — Paramount is taking its pursuit of CNN’s parent company Warner Bros. Discovery to court. On Monday Paramount CEO David Ellison announced a lawsuit in Delaware Chancery Court, where shareholders typically bring corporate disputes, as it attempts a hostile takeover of the iconic entertainment company. Ellison criticized Warner

By Nathaniel Meyersohn, CNN New York (CNN) — The biggest chains in America are using facial recognition technology to try to stop shoplifting. But most customers are unaware their faces are being scanned while they shop. Facial recognition isn’t new — it’s been controversially used for over a decade. Despite widespread disdain for the technology’s

By John Towfighi, CNN New York (CNN) — Investors took one look at the Trump administration’s criminal investigation into Federal Reserve Chair Jerome Powell and decided to resuscitate the “Sell America” trade Sunday night, selling off US stock futures, bonds and the dollar. But the “Sell America” trade was muted Monday, with US stocks recovering

By Clare Duffy, CNN New York (CNN) — When Elliston Berry, then 14 years old, discovered a classmate had made and shared a deepfake nude image of her, she didn’t know where to turn for information on what had happened or how to get the photos removed from social media. Now, she’s pushing to ensure

By Matt Egan, CNN New York (CNN) — Greenland’s untapped mineral wealth has helped land the island at the top of President Donald Trump’s empire-building wish list. Trump officials view Greenland’s underground riches as a way to loosen China’s stranglehold over the rare-earth metals that are critical for everything from fighter jets and lasers to

By Lex Harvey, CNN (CNN) — Elon Musk’s Grok has been blocked by Indonesia and Malaysia, the first countries to do so after the artificial intelligence tool’s “digital undressing” function flooded the internet with photos of women and minors in suggestive and obscene manipulated images. International pressure has been mounting on Musk to rein in

CNN By Alexandra Banner, CNN Greenland’s untapped mineral wealth has put the island at the top of President Donald Trump’s wish list. With opposition growing, he is escalating his rhetoric and is now threatening to take the territory “the hard way.” Here’s what else you need to know to get up to speed and on

By Bryan Mena, CNN Washington (CNN) — Federal prosecutors have opened a criminal investigation of Federal Reserve Chair Jerome Powell over his June testimony before Congress about the central bank’s $2.5 billion renovation of its headquarters in Washington, DC, The stunning action against the independent Federal Reserve was met with an equally extraordinary statement posted

By Auzinea Bacon, CNN (CNN) — The United States attacked Venezuela and President Donald Trump is threatening to take Greenland “the hard way.” All the while, the US has an uncertain economic outlook and a weak jobs report. But the Dow Jones Industrial Average could still hit a record 50,000 points on Monday. The Dow,

By John Towfighi, CNN New York (CNN) — President Donald Trump says US companies will now have access to Venezuela’s vast oil reserves. But the country’s other commodities have also caught his administration’s attention. Venezuela has unverified amounts of minerals, metals and potentially rare earth elements, experts say. These raw materials are indispensable for industries

By Lisa Eadicicco, CNN Las Vegas, NV (CNN) — Robots took over the floor at the biggest technology show of the year: I watched a towering humanoid robot march forward, spin its head and wave at an excited crowd. Then I almost bumped into a four-legged doglike robot behind me. They’re just a couple of

By Luciana Lopez, CNN (CNN) — President Donald Trump on Friday called for a one-year, 10% cap on credit card interest rates, saying the American public is being “ripped off” in a Truth Social post. Trump called for the cap to come into effect on January 20, the one-year anniversary of his return to the

CNN By Vanessa Yurkevich, CNN New York (CNN) — The food pyramid is getting turned upside down, with protein and dairy gaining more prominence in the suggested American diet. Sugar and processed foods are getting shunned even more with warning labels. It has whiffs of MAHA, as the new dietary guidelines for Americans promote controversial

By Vanessa Yurkevich, CNN New York (CNN) — The food pyramid is getting turned upside down, with protein and dairy gaining more prominence in the suggested American diet. Sugar and processed foods are getting shunned even more with warning labels. It has whiffs of MAHA, as the new dietary guidelines for Americans promote controversial saturated

By Alicia Wallace, CNN (CNN) — Hiring slowed more than expected in December, a sluggish end to what was one of the weakest years of job growth in decades, a dynamic that further amplified America’s affordability crisis. The US economy added an estimated 50,000 jobs last month, slowing from a downwardly revised 56,000 jobs added

CNN By Alicia Wallace, CNN (CNN) — Hiring slowed more than expected in December, a sluggish end to what was one of the weakest years of job growth in decades, a dynamic that further amplified America’s affordability crisis. The US economy added an estimated 50,000 jobs last month, slowing from a downwardly revised 56,000 jobs

By David Goldman, Adam Cancryn, CNN (CNN) — President Donald Trump is set to meet with Big Oil executives Friday as part of a weeklong charm offensive to persuade America’s largest energy companies to return to Venezuela. The oil industry has expressed serious skepticism about ponying up tens of billions of dollars over a decade

By Ramishah Maruf, Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Thursday he had ordered “my representatives” to buy $200 billion in mortgage bonds in an attempt to drive down interest rates and monthly payments, writing in a Truth Social post. Fannie Mae and Freddie Mac, two government-owned mortgage giants, are now worth “an

By Chris Isidore, CNN (CNN) — General Motors on Thursday said it will lose another $6 billion as a result of its decision to pull back on electric cars. It comes on top of a $1.6 billion charge it disclosed in October for changes to its EV plans. It’s another sign of the significant cost

By Brian Stelter, CNN (CNN) — Paramount is not raising its bid for Warner Bros. Discovery above $30 per share — at least not yet. On Thursday, Paramount responded to WBD’s latest rejection letter by repeating its view that shareholders should support its hostile takeover bid. “Paramount’s offer is superior to WBD’s existing agreement with

By Alicia Wallace, CNN (CNN) — Americans are feeling increasingly hopeless about their employment prospects, new survey data showed Thursday. The probability of finding a job hit a record low of 43.1% in December, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, a closely watched survey that has been

By Lisa Eadicicco, CNN Las Vegas, NV (CNN) — Intel, fresh off a historic investment from the Trump administration, has a plan to radically reshape the company’s strategy. And if you think it involves AI… You’re right. Once the dominant player in chips, Intel has struggled to keep pace with rivals over the past decade,

By Hadas Gold, CNN (CNN) — Elon Musk’s AI chatbot, Grok, has been flooded with sexual images of mainly women, many of them real people. Users have prompted the chatbot to to “digitally undress” those people and sometimes place them in suggestive poses. In several cases last week, some appeared to be images of minors, leading

By Clare Duffy, CNN New York (CNN) — Character.AI has agreed to settle multiple lawsuits alleging the artificial intelligence chatbot maker contributed to mental health crises and suicides among young people, including a case brought by Florida mother Megan Garcia. The settlement, announced last week, marks the resolution to some of the first and most

By Ramishah Maruf, CNN New York (CNN) — Betting big on memestocks could pay off, at least for GameStop CEO Ryan Cohen. But a potentially huge payout hinges on a massive turnaround for the volatile video game retailer. Cohen could receive a pay package worth $35 billion in performance-based stock options, the company’s board announced

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump said Wednesday that he intends to ban large institutional investors from buying additional single-family homes. “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes,

By Brian Stelter, David Goldman, CNN (CNN) — Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount. On Wednesday, the WBD board advised shareholders that last month’s revised offer from Paramount is still not as appealing as the existing agreement with Netflix — even though Paramount said it had addressed

CNN, POOL, @REALDONALDTRUMP , TRUTH SOCIAL, @realDonaldTrump / Truth Social By Kit Maher, Kaitlan Collins, David Goldman, CNN (CNN) — President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by

By Kit Maher, Kaitlan Collins, David Goldman, CNN (CNN) — President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the US. Interim authorities in Venezuela will turn over “sanctioned

By John Liu, CNN Hong Kong (CNN) — China has banned exports of some rare earth elements and other items to Japan that could be used for military purposes, straining already tense relations between the two countries following the Japanese prime minister’s recent remarks on Taiwan. The sweeping restrictions on so-called dual-use items – goods,

By Lisa Eadicicco, CNN Las Vegas (CNN) — Nvidia just provided a closer look at its new computing platform for AI data centers, Vera Rubin, a release that could have major ramifications for the future of AI given the industry’s massive reliance on the company’s tech. Nvidia previously announced some details about Vera Rubin but

By Lisa Eadicicco, CNN Las Vegas, NV (CNN) — For years, sci-fi shows have depicted futuristic computers with shapeshifting screens that can fold or expand depending on the situation. Now, Samsung is banking on that concept to try to steer the future of smartphones. The new Samsung Galaxy Z Trifold folds in two places —

By Brian Stelter, CNN (CNN) — While describing the US military operation in Venezuela on Saturday, President Trump referenced a two-word title for his determination to dominate the Western Hemisphere. “They now call it the ‘Donroe Doctrine,’” Trump said, crediting unnamed others with the phrase. Like so many of Trump’s talking points, this one has

By Matt Egan, CNN New York (CNN) — The gas pump has emerged as a rare source of relief for Americans drowning in higher prices — and that positive trend is expected to continue in 2026, regardless of the uncertainty in Venezuela. Gas prices are projected to average just $2.97 a gallon nationally this year,

By John Towfighi, CNN (CNN) — US stocks had a stellar 2025, but global markets stole the show. A major index tracking stocks outside the US, the MSCI All Country World ex-USA, gained 29.2% in 2025, handily outpacing the S&P 500’s gain of 16.39%. The artificial intelligence boom has benefited markets in Asia, where tech

By David Goldman, CNN (CNN) — President Donald Trump on Saturday said the US would take control of Venezuela’s massive oil reserves and recruit American companies to invest billions of dollars to refurbish the country’s gutted oil industry. Venezuela is sitting on a massive 303 billion barrels worth of crude — about a fifth of

By Chris Isidore, John Liu, CNN (CNN) — In 2011, Tesla CEO Elon Musk dismissed Chinese electric vehicle maker BYD as a competitor. But some 14 years later, BYD beat the American EV pioneer at its own game. The Chinese car giant has overtaken Tesla as the world’s largest seller of EVs, according to 2025

By Elisabeth Buchwald, CNN (CNN) — The United States Commerce Department is poised to significantly reduce the tariffs set to take effect on over a dozen Italian pasta makers’ products later this year. Most products from the European Union are already subject to tariffs of at least 15%. The pasta-specific tariffs, initially proposed in October

By Nathaniel Meyersohn, CNN New York (CNN) — In New York City, the typical household spends more than half of its income on rent and 100,000 people sleep in homeless shelters every night. “This is what a full-blown affordability crisis looks like,” said Manhattan Borough President Mark Levine in a December report. Median rents in

By John Liu, CNN (CNN) — President Donald Trump has delayed new tariff increases on upholstered furniture, kitchen cabinets, and vanities for a year, pushing their implementation to 2027, according to a White House statement. Trump signed a proclamation hours before the end of 2025, postponing the tariff hikes on these items, which were originally

By John Towfighi, CNN New York (CNN) — The S&P 500 just completed a three-peat of double-digit gains. Will 2026 be a four-peat? After three years of stellar gains, Wall Street widely expects the good times to keep rolling in 2026 — but with varied views on how much stocks will rally. Wall Street forecasts

By John Towfighi, CNN New York (CNN) — The US stock market just achieved something so rare that it’s only happened six times since the 1940s: three consecutive years of double-digit gains. The S&P 500 rose 16.39% this year, after rising 23% in 2024 and 24% in 2023. That gain comes despite concerns about tariffs,