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By Veronica Miracle and Gregg Canes, CNN (CNN) — When Yaani King Mondschein stepped onto the set of NBC’s “Quantum Leap” in February 2023, she had no idea it would be her last acting gig for several years. Mondschein had been called back to play “Frankie Cahill,” a recurring guest star featured in two episodes

By Chris Isidore and Matt Egan, CNN (CNN) — The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday. The news of the decision was first reported by the Wall Street Journal Thursday. A Treasury spokesperson said the

By Jordan Valinsky, CNN New York (CNN) — Nike is returning to Amazon after an absence of more than five years and hiking prices on some products as its new CEO works to reverse a revenue slump. The apparel brand announced in 2019 that it would pull its products from Amazon in the United States,

By Clare Duffy, CNN New York (CNN) — Following reports from CNN and other news outlets, Senator Maggie Hassan is demanding information about how Spotify is handling phony podcasts promoting potentially illegal online pharmacies. Spotify said last week that it had removed dozens of podcasts identified by CNN that blatantly promoted the online pharmacies purportedly

By Anna Cooban, CNN London (CNN) — JPMorgan Chase CEO Jamie Dimon isn’t ruling out stagflation in the United States, citing risks posed by large government budget deficits, including in America, and the disruption to global trade induced by US tariffs. The term refers to a nightmare combination of economic stagnation or even a recession

By Clare Duffy, CNN New York (CNN) — Tech firm Workday is facing a collective action lawsuit alleging that its job applicant screening technology is discriminatory, following an order by a California district judge on Friday. The outcome could set a precedent for whether and how companies can use algorithms and artificial intelligence to make

By Matt Egan, CNN New York (CNN) — In the spring of 2020, America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans and Democrats came together to pass a forceful, and expensive, emergency response that helped prevent permanent scarring to the economy. Today, America’s mountain of debt

CNN, POOL, HOUSE TV By David Goldman, CNN (CNN) — The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday. The 20-year bond auction conducted by the US Treasury on Wednesday afternoon was unusually

By David Goldman, CNN (CNN) — The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday. The 20-year bond auction conducted by the US Treasury on Wednesday afternoon was unusually weak: Demand for the

By Amy Gunia, CNN (CNN) — US President Donald Trump’s whirlwind visit last week to the Middle East saw a wave of AI dealmaking that could reshape the global technology landscape. On May 12, Saudi Arabia’s sovereign wealth fund Public Investment Fund announced the establishment of AI startup Humain. US companies Nvidia, AMD, and Qualcomm

By Samantha Delouya, CNN (CNN) — President Donald Trump on Wednesday said he soon planned to decide whether to privatize Fannie Mae and Freddie Mac, the government-sponsored entities that help provide stability and affordability to America’s home mortgage market. “I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” Trump posted

By Samantha Delouya, CNN (CNN) — Foreign nationals with $5 million to spare will soon be able to register for a new “gold card” visa that would give them the right to live and work permanently in the United States, Commerce Secretary Howard Lutnick said on Wednesday. “I expect there will be a website up

By Brian Stelter, CNN (CNN) — This is an epic — pardon the pun — week for Comcast and the wider media business. Epic Universe, the first major new theme park in the US in 20-plus years, is opening in Orlando, Florida, on Thursday. Fans are expected to camp out overnight ahead of the official

By Lisa Eadicicco, CNN (CNN) — Jony Ive, the veteran former Apple design chief credited with shaping the company’s product design, is joining ChatGPT maker OpenAI. OpenAI will merge with Ive’s tech company, io, according to a joint announcement from Ive and OpenAI CEO Sam Altman. The deal is said to be valued at about

By John Towfighi, CNN New York (CNN) — Stocks, bonds and the dollar fell on Wednesday as concerns mount about the premier status of American assets. The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their

By Nathaniel Meyersohn, CNN New York (CNN) — Target was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs. The company said Wednesday that sales fell last quarter, driven in part by customer backlash to Target’s reversal on diversity, equity and inclusion (DEI) programs. Target also

CNN, FAA ORDER, NLIA By Chris Isidore, CNN (CNN) — Summer’s usually a boom time for airlines. This year could change that. Airlines began 2025 projecting strong growth. But since then, one issue after another has cut into passenger demand. Air traffic control problems are causing flight delays and cancellations, feeding into traveler worries over

By Chris Isidore, CNN (CNN) — Summer’s usually a boom time for airlines. This year could change that. Airlines began 2025 projecting strong growth. But since then, one issue after another has cut into passenger demand. Air traffic control problems are causing flight delays and cancellations, feeding into traveler worries over safety that began in

By Matt Egan, CNN New York (CNN) — Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam. The stunning increase in wealth amounts to a gain of roughly $1 billion per day for those billionaires. By contrast, the typical American

By Nectar Gan, CNN Hong Kong (CNN) — Just days after the United States and China declared a temporary truce over tariffs, tempers are already flaring: this time over the future of Beijing’s most advanced homegrown semiconductors. Over the past week, Beijing has repeatedly lashed out at Washington for warning companies against using AI chips

By Brian Stelter, CNN (CNN) — Amid an antitrust battle with the Justice Department, global entertainment company Live Nation is adding one of President Trump’s closest advisors to its board of directors. Richard Grenell, who is both Trump’s presidential envoy for special missions and the newly installed president of the Kennedy Center, was named to

By Lisa Eadicicco, CNN (CNN) — The very basic meaning of what it means to ” Google” something – typing in keywords and sifting through links, images and information snippets is nearly behind us, according to Google. The search giant laid out its vision for the future of searching the web on Tuesday, introducing a

By Hadas Gold, CNN (CNN) — Elon Musk spent a record amount of money on the 2024 election to help get President Donald Trump elected. Now he says he’ll be pulling back. “In terms of political spending, I’m going to do a lot less in the future,” Musk told Bloomberg’s Mishal Husain at the Qatar

By Jordan Valinsky, CNN New York (CNN) — Elon Musk says he’ll be sticking around as CEO of Tesla for the next few years. During an interview Tuesday at Bloomberg’s Qatar Economic Forum in Doha, Musk was asked if he was committed to being the leader of Tesla for the next five years, and he

By Jeanne Sahadi and Tami Luhby, CNN (CNN) — Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House Republicans’ passing “one big, beautiful bill” that reflects President Donald

By Jordan Valinsky, CNN New York (CNN) — Selena Gomez isn’t a stranger to collaborations on her music, but her latest partner is a bit different: Oreo. The singer, actress, investor and now, cookie maker, created a first-ever flavor for Oreo as part of the cookie company’s growing roster of partnerships to help attract Gen

By Brian Stelter, CNN (CNN) — Sometimes the arguments could be heard well down the hall. The topic was “60 Minutes,” and the tension was audible. CBS News chief Wendy McMahon was clashing with her bosses over upcoming stories on the newsmagazine — in part because President Trump’s legally dubious lawsuit against CBS meant that

By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot plans to keep most of its prices stable, despite President Donald Trump’s tariffs driving costs up. But tariffs may cause Home Depot to increase prices on select items and eliminate some product lines entirely. “We don’t see broad based price increases for our customers at

By Elisabeth Buchwald, CNN (CNN) — After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other. Moody’s Ratings said problematic debt levels far outpacing government revenue led to the downgrade. Now, it’s up to lawmakers on both sides to take actions to improve

By John Liu, CNN Hong Kong (CNN) — Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties. On Tuesday, CATL shares opened at 296 Hong Kong dollars ($37.8), well above the subscription

By Nectar Gan, CNN Hong Kong (CNN) — Despite a 90-day truce in its trade war with the United States, China appears to be maintaining tight control over its rare earth exports – preserving a key source of leverage in future negotiations amid intensifying strategic rivalry with Washington. As part of last week’s trade agreement

By Matt Egan, CNN New York (CNN) — The nearly 40 million Americans expected to hit the roads this Memorial Day weekend will have something to make them smile while sitting in traffic: cheap gas prices. The national average price of a gallon of gasoline is expected to be $3.08 on Memorial Day, according to

By Alicia Wallace, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon says the full effects of tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks. “When I’ve seen all these things adding up that are on the fringes of extreme,

By Brian Stelter, CNN (CNN) — The top executive in charge of CBS News resigned on Monday amid President Trump’s intensifying political pressure against the news operation. Wendy McMahon alluded to a “challenging” past few months in a farewell memo to employees. “It’s become clear that the company and I do not agree on the

By Clare Duffy, CNN New York (CNN) — More than 100 organizations are raising alarms about a provision in the House’s sweeping tax and spending cuts package that would hamstring the regulation of artificial intelligence systems. Tucked into President Donald Trump’s “one big, beautiful” agenda bill is a rule that, if passed, would prohibit states

From Reuters Drugmaker Regeneron Pharmaceuticals will buy genetic testing firm 23andMe for $256 million through a bankruptcy auction, the companies said Monday. Regeneron said it will comply with 23andMe’s privacy policies and applicable laws with respect to the use of customer data and that it is ready to detail its intended use of the data

By Samantha Delouya, CNN (CNN) — US homebuilders pulled back on projects in April amid whipsaw tariff announcements and growing fears of economic stress, new data on Friday revealed. Single-family home starts dropped 12% in April compared to one year ago, on a seasonally adjusted basis, according to data from the US Census Bureau and

By Clare Duffy, CNN New York (CNN) — In recent years, people ranging from Taylor Swift and Rep. Alexandria Ocasio-Cortez to high school girls around the country have been victims of non-consensual, explicit deepfakes — images where a person’s face is superimposed on a nude body using artificial intelligence. Now, after months of outcry, there

By David Goldman, CNN (CNN) — Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt. Moody’s downgraded America’s debt on Friday evening from its previously perfect AAA credit rating, the last of the three major credit rating agencies to strip US

By Chris Isidore, CNN (CNN) — Negotiators for New Jersey Transit and the Brotherhood of Locomotive Engineers and Trainmen (BLET), the union representing 450 striking engineers, have reached a tentative labor agreement that could bring an end to the three-day strike, according to the union. “This is a good result for labor. It’s a good

CNN By Auzinea Bacon, CNN (CNN) — Tariff rates will soon return to a “reciprocal” level if countries don’t reach trade agreements during the 90-day pause, Treasury Secretary Scott Bessent said Sunday. “President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your

By Auzinea Bacon, CNN (CNN) — Tariff rates will soon return to a “reciprocal” level if countries don’t reach trade agreements during the 90-day pause, Treasury Secretary Scott Bessent said Sunday. “President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April

By Jeanne Sahadi, CNN (CNN) — Getting into college can be hard. But figuring out how to finance college so that neither parent nor child are left financially hard up? It’s a new, highly annoying level of hard — at least if you hope to get an adequate financial aid package to supplement your and

By Elisabeth Buchwald, CNN (CNN) — The steep drop in tariff rates on Chinese goods shipped to the United States might have consumers thinking there’s significant relief in sight — at least compared to before. But in practice it might not feel that way. With timing of the essence given the new rates are only

By Jordan Valinsky, CNN New York (CNN) — It’s tough out there to be a tequila maker — not even Kendall Jenner is immune from the industry’s challenges. 818 Tequila, the four-year-old brand owned by Jenner, has slowed down hiring and dialed back spending on some of its marketing efforts, a troubling sign for the

By Ramishah Maruf, CNN New York (CNN) — Naomi Lin’s favorite high-end accessory is wildly popular, an acquired taste, and shockingly resilient in the face of a tariff onslaught. No, it’s not Manolos or the latest offering from Prada — it’s a gremlin-like plush. It’s a Labubu, a palm-sized Nordic elf with bright eyes, sharp

By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday said Walmart needs to stop “trying to blame tariffs” after the retail giant announced its products would become more expensive. Walmart’s CEO said the price increases were a result of Trump’s tariffs being “too high,” particularly when it came to Chinese goods. “We will

By Elisabeth Buchwald and Tami Luhby, CNN (CNN) — Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation. Of the three

By Clare Duffy, CNN New York (CNN) — If you search “Adderall” on Spotify’s podcast page, you’ll find health podcasts about ADHD, shows about addiction recovery and comedy podcasts where hosts talk about using the medication. You may also come across multiple pages masquerading as podcasts that direct users to buy drugs from potentially dangerous

By Chris Isidore, CNN (CNN) — The US Department of Justice is set to drop a criminal case against aircraft maker Boeing despite the fact that the company agreed to plead guilty last year, according to attorneys for families of victims of two fatal crashes of the 737 Max that led to the case. The

By Liam Reilly and Hadas Gold, CNN Elon Musk’s artificial intelligence company on Friday said a “rogue employee” was behind its chatbot’s unsolicited rants about “white genocide” in South Africa earlier this week. The clarification comes less than 48 hours after Grok — the chatbot from Musk’s xAI that is available through his social media

By Jordan Valinsky, CNN New York (CNN) — Bahama Breeze abruptly closed more than one-third of its restaurants this week, further compounding the casual dining segment’s problems. Darden Restaurants, Bahama Breeze’s parent company, said in a statement that the closure of 15 locations was the “right decision because it will allow Bahama Breeze to focus

By Alicia Wallace, CNN (CNN) — Americans’ feelings about the US economy remain in the doldrums after President Donald Trump’s tariffs: Consumer sentiment continued its freefall this month, settling in at a near-record low. The University of Michigan’s closely watched consumer sentiment index fell 2.7% to a preliminary reading of 50.8 for May, dropping further

By Tami Luhby, CNN (CNN) — Keeping cool could cost a lot more this summer — yet another financial squeeze for many inflation-weary consumers. Americans can expect to shell out a record $784, on average, to cool their homes from June through September, according to a new analysis by the National Energy Assistance Directors Association

By Jordan Valinsky, CNN New York (CNN) — Two of the biggest cable companies in the United States have agreed to merge, marking a major milestone in consolidation as cord-cutters continue to ditch their pricey TV packages, thus forcing companies to adjust to their dwindling futures. Charter Communications, which operates under the Spectrum branding, is

By David Goldman and Betsy Klein, CNN (CNN) — If you thought President Donald Trump’s trade war was over, he has some news for you: Tariffs are going up again. At the conclusion of his Middle East trip Friday, Trump acknowledged that trade negotiations are progressing too slowly to accommodate every country that wants to

By Jordan Valinsky, CNN New York (CNN) — Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations. “These agreements

By John Towfighi, CNN New York (CNN) — As the US and China came to an agreement to lower tariffs sharply this week, trade war uncertainty has, for now, subsided. But Wall Street has a new question for President Donald Trump: What about tax cuts? Lawmakers this week are debating Trump’s tax agenda, which includes

By Chris Isidore and Vanessa Yurkevich, CNN (CNN) — Engineers at New Jersey Transit went on strike early Friday, bringing trains on the nation’s third-largest commuter rail service to a halt. A final day of negotiations between the state-run commuter rail service and the Brotherhood of Locomotive Engineers and Trainmen (BLET) failed to reach an

By Simone McCarthy and Hassan Tayir, CNN Hong Kong (CNN) — A surprise breakthrough in US-China trade tensions has unleashed a flurry of activity across Chinese factories and ports as companies in both countries rush to make the most of a 90-day rollback of heavy tariffs announced earlier this week. For Niki Ye, a salesperson

By Liam Reilly, CNN (CNN) — A Democratic commissioner on the Federal Communications Commission tore into the panel’s recent actions under its new chairman, without naming him, saying the agency has been “weaponized to chill speech and to punish the press.” “We are witnessing a dangerous precedent: the transformation of an independent regulator into an

By Matt Egan, CNN New York (CNN) — UnitedHealth Group, one of America’s biggest corporations and a member of the exclusive Dow Jones Industrial Average, is suddenly unraveling. The crisis engulfing UnitedHealth hit a crescendo this week when CEO Andrew Witty stepped down abruptly for “personal reasons.” UnitedHealth also swiftly abandoned its financial guidance, blaming

By Elisabeth Buchwald, CNN (CNN) — While many economists are saying the risk of an imminent recession has diminished since China and the United States agreed to lower tariffs earlier this week, JPMorgan Chase’s CEO, Jamie Dimon, is still penciling one in. “I wouldn’t take it off the table at this point,” Dimon said in

By Chris Isidore, CNN (CNN) — Engineers at New Jersey Transit are poised to go on strike one minute after midnight Friday morning, a stoppage that would create huge problems for 100,000 daily train commuters, businesses across the New York metropolitan area as well as fans of Shakira and Beyoncé, who will have trouble getting

By Alicia Wallace, CNN (CNN) — US wholesale prices sank in April, logging their biggest monthly drop since Covid stifled the economy, as tariffs put a squeeze on profit margins, according to new data released Thursday. The Producer Price Index, a closely watched measurement of wholesale inflation, showed Thursday that the prices paid to US

By Bryan Mena and Elisabeth Buchwald, CNN (CNN) — In a sign that consumer demand may be fraying around the edges, spending at US retailers slowed sharply in April to 0.1% after a surge of 1.7% in March as shoppers rushed to beat President Donald Trump’s stiff tariffs. The April data was worse than the

By Jordan Valinsky, CNN New York (CNN) — President Donald Trump isn’t pleased with Apple CEO Tim Cook’s plan to manufacture iPhones bound for the United States at newly built plants in India. “I had a little problem with Tim Cook yesterday,” Trump said Thursday in Qatar. “I said to him, ‘Tim, you’re my friend.

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart, the world’s largest retailer, said President Donald Trump’s tariffs are “too high” and it will raise prices on some items as Trump’s global trade war increases the company’s costs. “We will do our best to keep our prices as low as possible. But given the magnitude

By Anna Cooban, Betsy Klein, Elisabeth Buchwald and Rhea Mogul, CNN London (CNN) — President Donald Trump said on Thursday that India has offered to eliminate tariffs on the United States as part of a potential trade deal – but New Delhi soon poured cold water on Trump’s claims, saying negotiations were not complete. “India

By Jordan Valinsky and Samantha Delouya, CNN New York (CNN) — Dick’s Sporting Goods is buying rival Foot Locker in a $2.4 billion deal, marking another major deal that tariff-prone apparel companies are making to future-proof themselves. In an announcement Thursday, Dick’s said the transaction will help the Pittsburgh-based sporting goods store internationally for the

By Matt Egan, CNN New York (CNN) — In early April, Wall Street threw a temper tantrum that would make a toddler proud. Fearing President Donald Trump’s chaotic trade war would ignite a global recession, investors scrambled to dump US assets. The rare simultaneous selloff of both stocks and bonds reflected a serious loss of

By Juliana Liu and Alejandra Jaramillo, CNN (CNN) — Boeing has secured a deal with Qatar for up to 210 jets in what the White House is calling the aircraft maker’s “largest-ever” widebody order, worth $96 billion dollars. The order comes as the Gulf state’s prime minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, dismissed

By Alicia Wallace, CNN (CNN) — American consumers, battle-scarred by the pandemic and the subsequent surge in inflation, are already changing their spending patterns and delaying some purchases due to President Donald Trump’s chaotic tariff policy and the broader economic uncertainty, new survey data shows. The shift in spending plans was among the findings from

By Hadas Gold, CNN (CNN) — Some X users on Wednesday asked Grok – the AI chatbot available through Elon Musk’s social media platform – questions about simple topics like baseball players or videos of fish being flushed down toilets. One user just asked Grok to talk like a pirate. In response, they got replies

By Ramishah Maruf, CNN New York (CNN) — At 94 years old, Warren Buffett stunned the investor world when he announced he was stepping down as CEO of Berkshire Hathaway. But he had a simple answer for why he decided to hand over the position to Greg Abel at the end of the year. “There

By Marshall Cohen, CNN Washington (CNN) — A voting technology firm suing Fox News for defamation over its 2020 election coverage claimed senior corporate executives, including Rupert Murdoch, intentionally destroyed damning evidence in the case, according to court filings. Smartmatic levied the stunning new allegations on Wednesday, alleging in court filings that Fox “orchestrated the

By Nayeli Jaramillo-Plata, CNN (CNN) — Uber is launching a new service called Route Share, a carpool-like option aimed at budget-conscious commuters. Route Share will function somewhat like a commuter shuttle: “consistent and frequent pickup options along direct routes,” running every 20 minutes during the peak commute hours of 6 to 10 a.m. and 4

By Jordan Valinsky, CNN New York (CNN) — In-N-Out is removing artificial coloring from two of its drinks and changing its ketchup. The moves come a few weeks after the US government said it will ban some synthetic dyes because of health concerns. The burger chain is eliminating artificial dyes from its strawberry milkshakes and

By Marshall Cohen, CNN Washington (CNN) — Fox News lawyers will soon receive new documents that could bolster their defense against Smartmatic’s defamation lawsuit over the 2020 election. Reversing a lower court decision, a New York appeals court ruled Tuesday that Fox News can obtain disputed materials about a separate federal bribery indictment against senior

By Lisa Eadicicco, CNN (CNN) — Have you ever had Siri go off unintentionally? If so, you might be entitled to some cash from Apple. The possible payout is part of a $95 million settlement stemming from a class action lawsuit alleging that accidental Siri activations enabled the digital assistant to listen in on private

By Liam Reilly, CNN (CNN) — Max will rebrand once more as HBO Max. Speaking on stage during Warner Bros. Discovery’s Upfront presentation to advertisers, HBO chief executive Casey Bloys announced that the company’s streaming platform, Max, would revert to its previous name, HBO Max. WBD executives emphasized that the move is an attempt to

By Vanessa Yurkevich, CNN New York (CNN) — US ports are facing a dramatic slowdown in cargo – but they could see the exact opposite in a matter of weeks. Starting Wednesday, cargo leaving China bound for the United States will carry a 30% tariff rate – a reduction from the higher 145% tariff that

By Clare Duffy, CNN New York (CNN) — The newest iPhones might come with a more expensive price tag this fall — even if the sticker price doesn’t change. Some analysts expect Apple to raise iPhone prices for its new lineup because of President Donald Trump’s tariffs. And the company is considering as much, according

By Anna Cooban, CNN London (CNN) — The latest installment of the Donald Trump Cinematic Universe has an audacious plot line: The protagonist wants to put a 100% tariff on all movies made abroad to restore a troubled American film industry to its former glory. But the critics aren’t impressed. “The idea is dumb,” Howard

By Anna Cooban, CNN London (CNN) — Burberry is aiming to slash 18% of its global workforce by 2027 as it looks for ways to cut costs and revive its ailing business. The British luxury fashion house said Wednesday that around 1,700 jobs were at risk as it reported a loss of £3 million ($4

By Matt Egan, CNN New York (CNN) — The lowest inflation rate in four-years was made possible by a trend that will surely bring smiles to the faces of Americans: Falling prices. Egg prices plunged between March and April by the most since 1984, according to the Bureau of Labor Statistics. Used cars and trucks

By Juliana Liu, CNN (CNN) — US President Donald Trump didn’t show up empty-handed on the first international trip of his second term. Joining him in Saudi Arabia were almost three dozen CEOs of America’s biggest companies, including Big Tech giants that signed $600 billion worth of deals. They brought some of the most coveted

By Ramishah Maruf, CNN New York (CNN) — Shoppers got a little relief this week from a giant tariff on previously cheap, duty-free goods from China. But the tariffs that do remain are still poised to derail the shopping habits of millions of Americans who shop at ultra-low-priced e-commerce sites like Shein and Temu. The

By John Towfighi, CNN (CNN) — The S&P 500 benchmark stock index hit another milestone in its remarkable march higher from the brink of a bear market in recent weeks: It has now erased all its losses for this year. US stocks were mixed Tuesday as investors digested cooling inflation data and easing trade tensions

By Lisa Eadicicco, CNN (CNN) — The next time you’re about to tap a text message to resolve an unpaid toll balance, your Android phone may warn you to think twice. Google is updating its scam text detection technology to spot hoaxes like these, which are among the most common types of text-related schemes according

By David Goldman, CNN (CNN) — For months, President Donald Trump has falsely claimed that egg prices are tumbling. It wasn’t true then, but it’s true now. Egg prices fell 12.7% last month, the biggest monthly decline since 1984, the Bureau of Labor Statistics reported Tuesday. And they could continue to fall this month, too:

By Reuters (Reuters) — Microsoft is laying off 3% of its workforce, or roughly 7,000 employees, CNBC reported on Tuesday, as the technology giant looks to rein in costs while funneling billions of dollars into its ambitious bet on artificial intelligence. The cuts will be across all levels and geographies, and are likely the largest

By Liam Reilly, CNN (CNN) — After much teasing and speculation, ESPN has finally unveiled the details of its new flagship streaming service. While the streamer long had the working title “Flagship,” the Disney-owned sports network revealed the platform, slated to launch in the fall, will be called something even simpler: ESPN. “As we explored

By Alicia Wallace, CNN (CNN) — Americans tidied up their household balance sheets to start 2025, cleaning up some credit card and auto loan debt, new data showed Tuesday. However, the debt outlook for millions of student loan borrowers was much grimmer: Past-due student loans hit credit reports for the first time in five years,

By Alicia Wallace, CNN (CNN) — US inflation slowed to its lowest rate in more than four years, an unexpected and welcome development at a time when President Donald Trump’s dramatically escalated tariffs are expected to cause prices to rise. Consumer prices rose 0.2% last month, bringing the annual inflation rate to 2.3%, an unexpectedly

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays, toiling in bankruptcy and dealing with a steady pace of closures, perhaps has a simple solution for all of its ills: Better food. On Tuesday, TGI Fridays is rolling out a revamped menu at its US restaurants which includes more mozzarella sticks options, upgraded steaks

By Jordan Valinsky, CNN New York (CNN) — UnitedHealth Group CEO Andrew Witty is stepping down immediately from his role for “personal reasons,” the company announced Tuesday. He will be replaced by Stephen Hemsley, the health insurer’s board chairman and former CEO from 2006 to 2017. Witty, who ran the health care giant for four

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump’s unpredictable trade policies and public threats against companies have made it nearly impossible to set prices. The Trump administration temporarily reduced tariffs on China over the weekend, but import taxes have already made baby gear, power drills, mattresses and other everyday products more expensive

By Nectar Gan, CNN Hong Kong (CNN) — Chinese leader Xi Jinping says “bullying” and “hegemonism” will only backfire, in a veiled reference to the United States just a day after a temporary truce was agreed in the trade war between the world’s two largest economies. Xi chose to deliver this message, which paints China

By Brian Stelter, CNN (CNN) — “Indefensible.” “It’s a bribe.” “Such a stain” on the administration. Some of President Donald Trump’s staunchest supporters are among the loudest critics of his plan to accept a jet from Qatar for use as Air Force One. In a rare break from the cheerleading that typifies MAGA media outlets,