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List of places suspending some US parcel shipments grows as tariff exemption ends

By Kathleen Magramo, CNN (CNN) — Japan, Australia and Taiwan have joined a growing list of places suspending some parcel shipments to the United States following the implementation of new rules under President Donald Trump’s administration that will end tariff exemptions. The “de minimis” exemption, which allowed shipments of goods worth $800 or less to

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Trump-Lee talks deliver multibillion dollar investment deals with South Korean heavyweights

By John Liu, Gawon Bae, CNN (CNN) — South Korea business heavyweights including Korean Air and Hyundai unveiled multibillion-dollar deals in the United States on Monday, following the summit between the two countries’ leaders in Washington, DC. At least four Korean conglomerates have announced deals and investment plans worth tens of billions of dollars, such

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‘Tariff Bingo is tough.’ Texas manufacturers sweat Trump’s tariffs, high interest rates

By Matt Egan, CNN New York (CNN) — Texas manufacturers continue to express frustration over the Trump administration’s volatile tariff playbook and the impact of high borrowing costs. “Tariff Bingo is tough,” one furniture manufacturer told the Federal Reserve Bank of Dallas in a survey released Monday. “We are probably going out of business within

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Elon Musk’s xAI sues Apple and OpenAI over AI competition, App Store rankings

Story by Reuters (Reuters) — Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple (AAPL) and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence. Apple and OpenAI have “locked up markets to maintain their monopolies and prevent innovators like X

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President Trump threatened ABC News and Chris Christie

Trump threatens Chris Christie and ABC News after watching critical ‘This Week’ interview

By Liam Reilly, Alejandra Jaramillo, Isabelle D’Antonio, CNN (CNN) — President Donald Trump on Sunday threatened to investigate Chris Christie over a decade-old political scandal and revoke ABC News’ broadcasting license after the Disney-owned network aired an interview in which the former governor sharply criticized the president. “Donald Trump sees himself as the person who

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Drive-in movie theaters saw a surge in customers during the pandemic. Are they sticking around?

By Auzinea Bacon, CNN (CNN) — Drive-ins helped movie theaters stay afloat during the pandemic, when their fate was in serious doubt. Now, years later, drive-in theaters are still providing a small but meaningful boost for the industry. Drive-ins accounted for a significant portion of box office revenue in 2020, due to social distancing policies

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Powerball’s 10th largest jackpot lined up for Monday after no winner matched all six numbers on Saturday draw

By Michelle Watson, Karina Tsui, CNN (CNN) — With an estimated $750 million jackpot, Monday’s Powerball draw will be the 10th largest in the game’s history after no player matched all six number in Saturday’s draw, the Multi-State Lottery Association said in a press release. Saturday night’s jackpot was already one of the largest prizes

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Tesla is facing a new federal investigation into its autonomous driving features

By Chris Isidore, CNN (CNN) — Tesla is facing an investigation from federal safety regulators into whether it delayed notifying the government about crashes involving its driver assistance technology. The National Highway Traffic Safety Administration (NHTSA) is looking into whether or not the company is complying with regulations requiring it to report data about crashes

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Justice Department signals probe of Fed Governor Lisa Cook, as housing official says a third property is now under scrutiny

By Bryan Mena, Phil Mattingly, CNN Washington (CNN) — A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell. The letter, seen by CNN, was

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‘You never want to leave:’ TikTok employees raise concerns about the app’s impact on teens in newly unsealed video

By Clare Duffy, CNN New York (CNN) — Current and former TikTok employees have raised concerns internally about how the app’s popular algorithm could hurt young users’ mental health, a newly unsealed video presented as evidence in a North Carolina lawsuit against the company shows. The comments stand in contrast to repeated public statements by

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People walk in front of the Target Store in Times Square on May 15 in New York City. Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains.

What went wrong at Target

By Nathaniel Meyersohn, CNN (CNN) — Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains. Cornell helped engineer a turnaround at Target, but it’s been a rocky few years for the retailer. Incoming Target CEO Michael Fiddelke, a veteran leader at the company, will

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People wait to enter the Smithsonian National Museum of African American History and Culture in Washington

Trump’s ‘chilling effect’ is coming for museums, historians warn

By Brian Stelter, CNN (CNN) — Historians and researchers are expressing “grave concern” about President Trump’s push to purge museums of information he dislikes. “Such political interference stands to impose a single and flawed view of American history onto the Smithsonian, placing at risk the integrity and accuracy of historical interpretation,” Sarah Weicksel, executive director

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How to outfox financial scammers

By Jeanne Sahadi, CNN (CNN) — While financial scams have always been around, the variety of schemes that scammers employ to steal money are easily proliferated these days with the internet, social media, AI and crypto. Frauds and scams ranked No. 6 on the list of top consumer complaints last year, according to a recent

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Spray deodorant is among an extensive list of goods now subject to 50% steel and aluminum tariffs in the United States.

Hundreds of items just got a lot more expensive to import into the US because of Trump’s tariffs

By Elisabeth Buchwald, CNN (CNN) — Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum has kicked in. Butter knives, baby strollers, spray deodorants and fire extinguishers, considered “derivative” steel and aluminum products, were previously excluded from

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The Trump administration confirms it’s seeking a stake in Intel. Why? It depends who you ask

By Lisa Eadicicco, CNN New York (CNN) — Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is considering an extraordinary investment in struggling chipmaker Intel. But they gave different answers about what the Trump administration sought to do with that stake. Such a deal, if it were

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Treasury Secretary Scott Bessent is pictured in Stockholm on July 29. Bessent on August 19 threw cold water on the idea that Americans could soon receive tariff rebate checks.

New tariffs are generating billions of dollars in revenue, but Bessent says that will go toward paying national debt

By Alicia Wallace, CNN (CNN) — Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks. Bessent, during an interview on CNBC’s “Squawk Box,” said that revenue from import tariffs will be put toward the US national debt. “I think, at a point, we’re going

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Air Canada strike ends after airline and flight attendants reach tentative agreement

By David Goldman, Chris Isidore, CNN (CNN) — Air Canada and a union representing the airline’s flight attendants have come to a tentative agreement, ending a days-long strike that canceled thousands of flights and stranded hundreds of thousands of passengers. “Flight attendants at Air Canada and Air Canada Rouge have reached a tentative agreement, achieving

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Trump relaxed restrictions on a key AI chip for China. Beijing isn’t saying thank you

By John Liu, CNN (CNN) — In a surprising reversal of the United States’ years-long technology restrictions on China, President Donald Trump last month allowed Nvidia to resume sales of a key AI chip designed specifically for the Chinese market. Yet rather than celebrating, Beijing’s response has been noticeably lukewarm, despite having long urged Washington

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Air Canada flights to remain suspended as flight attendants continue strike, defying government’s back-to-work order

By Auzinea Bacon, CNN More than 10,000 Air Canada flight attendants will continue their strike despite back-to-work orders from the Canadian government, the Air Canada component of the Canadian Union of Public Employees (CUPE) said Sunday. “At this time, you are still on Strike and Locked out! Please remember while we are locked out there

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Canadian jobs minister intervenes in Air Canada strike, orders flight attendants back to work

By Auzinea Bacon, CNN (CNN) — More than 10,000 Air Canada flight attendants who went on strike early Saturday will be ordered to return to work by the Canada Industrial Relations Board (CIRB), according to an announcement Saturday by Canadian Jobs Minister Patty Hajdu. The announcement comes after Air Canada, the country’s largest airline, suspended

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When magazines ruled the world

By Scottie Andrew, Leah Asmelash, Harmeet Kaur, CNN (CNN) — John F. Kennedy Jr. launched his magazine “George” 30 years ago, when it felt like publications in New York City were the most powerful and glamorous thing imaginable. Gossiped-about editors prowled the city in black cars and flew above the world on the Concorde, gleefully

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When magazines ruled the world

CNN By Scottie Andrew, Leah Asmelash, Harmeet Kaur, CNN (CNN) — John F. Kennedy Jr. launched his magazine “George” 30 years ago, when it felt like publications in New York City were the most powerful and glamorous thing imaginable. Gossiped-about editors prowled the city in black cars and flew above the world on the Concorde,

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Consumers are still powering the US economy with their spending

American consumers are getting nervous about inflation again. For now, they’re still spending

By Bryan Mena, CNN Washington (CNN) — Americans are still opening their wallets, with unemployment remaining low and businesses blunting the effects of President Donald Trump’s widespread tariffs. But consumers remain skittish over Trump’s erratic trade war, according to recent surveys. Still, they haven’t cut back and consumer prices have remained somewhat tame. Businesses have

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