Money

By Alicia Wallace, CNN (CNN) — It all comes down to the job market. President Donald Trump’s drastic policy moves, and the twists and turns that have come alongside them, have made economic forecasting a squirrely endeavor. The sheer uncertainty of what’s to come has put markets on the fritz and sent soft data (like

By Jordan Valinsky, CNN New York (CNN) — McDonald’s sales dropped in the beginning of the year, marking the second consecutive quarter of declines as customers pull back their spending amid economic uncertainty. In the United States, its largest market, same-store sales dropped 3.6% — the chain’s worst drop since 2020 during the height of

By David Goldman, CNN (CNN) — Another day, another piece of evidence that President Donald Trump’s escalating trade war with friends and foes is hurting the global economy. Today: Japan’s central bank cut its economic growth forecast for the country in half. The Bank of Japan on Thursday lowered its expectations for 2025 gross domestic

By Clare Duffy, CNN New York (CNN) — A pair of Republican lawmakers are set to propose a new law that would require app stores to verify the ages of all users and share that information with app developers, following a similar state law that was signed in Utah earlier this year. If passed, the

By Jordan Valinsky, CNN New York (CNN) — Subway’s footprint in the United States has shrunk again, falling below 20,000 for the first time in two decades. The sandwich chain closed 631 restaurants in 2024, leaving it with 19,502 locations in the US, according to franchise disclosure documents. That marks the eighth-consecutive year in which

By Chris Isidore, CNN (CNN) — The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year. But in an interview on CNN, CEO Mary Barra said the company doesn’t necessarily expect to pass those higher costs onto consumers in the form of elevated

By Jeanne Sahadi, CNN (CNN) — The first 100 days of the second Trump administration upended a lot of things — not least of which was what investors, businesses and consumers thought they knew about the US economy. As a result of President Donald Trump’s punitive tariffs regime, economists across the ideological spectrum say the

By Vanessa Yurkevich, CNN New York (CNN) — Some of the last cargo ships carrying Chinese goods without crippling tariffs are currently drifting into US ports. Come next week, though, that will change. Cargo on ships from China loaded after April 9 will carry with them the 145% tariff President Donald Trump slapped on goods

By Mike Valerio, Yoonjung Seo, Gawon Bae and Juliana Liu, CNN Seoul, South Korea (CNN) — The chief executive of Korean Air, one of the world’s top airlines, has a stark warning about the impact of US President Donald Trump’s trade war on some of the carrier’s most popular routes. “We’re already seeing the downturn

CNN By Mike Valerio, Yoonjung Seo, Gawon Bae and Juliana Liu, CNN Seoul, South Korea (CNN) — The chief executive of Korean Air, one of the world’s top airlines, has a stark warning about the impact of US President Donald Trump’s trade war on some of the carrier’s most popular routes. “We’re already seeing the

By David Goldman and John Liu, CNN (CNN) — Tesla’s chair Robyn Denholm has rejected a Wall Street Journal report that the company’s board has begun a search process for a new CEO to replace Elon Musk. The Journal reported Wednesday that Tesla’s board contacted executive placement firms in March to look for Musk’s replacement,

By Abbas Al Lawati, CNN (CNN) — Iran is crafting a potential nuclear agreement with the United States, wrapping it in language designed to flatter US President Donald Trump’s favorite persona: the dealmaker-in-chief. Officials in Tehran have seized on Trump’s anti-war, pro-business image to pitch an Iran-US nuclear agreement as a way to help Trump

By Hadas Gold, CNN (CNN) — President Donald Trump threatened legal action against The New York Times, calling the newspaper’s citation of legal experts’ opinion of his lawsuit against CBS “likely unlawful.” The Times reported Tuesday evening that legal representatives for Trump and Paramount are set to begin mediation on Wednesday over Trump’s $10 billion

By Ramishah Maruf, CNN New York (CNN) — Rena Scott, a retired registered nurse in Virginia, usually has 10 to 12 active Temu orders at any given time. The 64-year-old has bought almost anything you can think of from the Chinese website. She has four shirts in her cart right now and regularly buys crafting

By Alicia Wallace, CNN (CNN) — A car-buying frenzy, stoked by tariff fears, drove US consumer spending in March to its biggest monthly gain in more than two years, new data showed Wednesday. Consumer spending leapt 0.7% from February, according to a Commerce Department report released Wednesday that showed Americans shelled out last month for

By John Towfighi, CNN New York (CNN) — April was one of the wildest months in recent memory for markets, capped off by a key data release that showed the economy shrank last quarter for the first time in years. After tumbling Wednesday morning, the S&P 500 and the Dow gradually clawed back losses and

CNN By Chris Isidore, CNN (CNN) — Ford CEO Jim Farley announced Wednesday on CNN that the automaker is extending its “employee pricing” offer to car buyers for another month, through July 4, to encourage sales to consumers nervous about rising prices because of new tariffs on imported cars and auto parts. Farley spoke with

By Chris Isidore, CNN (CNN) — Ford CEO Jim Farley announced Wednesday on CNN that the automaker is extending its “employee pricing” offer to car buyers for another month, through July 4, to encourage sales to consumers nervous about rising prices because of new tariffs on imported cars and auto parts. Farley spoke with CNN’s

By Bryan Mena, CNN Washington (CNN) — The US economy just had its worst quarter since 2022 as President Donald Trump’s significant policy changes unnerved consumers and businesses. Gross domestic product, which measures all the goods and services produced in the economy, registered at an annualized rate of -0.3% in the first quarter, the Commerce

By Clare Duffy, CNN New York (CNN) — Companion-like artificial intelligence apps pose “unacceptable risks” to children and teenagers, nonprofit media watchdog Common Sense Media said in a report published Wednesday. The report follows a lawsuit filed last year over the suicide death of a 14-year-old boy whose last conversation was with a chatbot. That

By John Liu, CNN Hong Kong (CNN) — China’s factory activity contracted at its fastest pace in 16 months in April, as steep US tariffs took a heavy toll on the manufacturing sector, adding urgency to Beijing’s efforts to roll out fresh economic stimulus. The manufacturing Purchasing Managers’ Index (PMI) fell to 49.0 in April,

By Brian Stelter, CNN (CNN) — The Trump administration has sparked another fight against public media. In emails from the White House, three board members of the Corporation for Public Broadcasting (CPB) were told on Monday that they were “terminated,” effective immediately, “on behalf of President Donald J. Trump.” In response, the corporation filed a

By Allison Morrow, CNN (CNN) — Billionaire investor Ray Dalio believes it is “too late” to combat the economic fallout of Trump’s tariffs and says the world economic order, with the US at the center, is breaking down. “Based on many of my indicators,” he wrote in a social media post, “it appears that we

By David Goldman, CNN (CNN) — In a sharp rebuke of President Donald Trump’s trade war, China’s Foreign Ministry posted to social media a striking video that calls on the international community to stand up to America’s “bully” leader. “Bowing to a bully is like drinking poison to quench thirst – it only deepens the

By Reuters (CNN) — Facebook parent Meta Platforms on Tuesday launched a separate app for its Meta AI assistant, similar to those offered by Microsoft-backed OpenAI and Alphabet’s Google. The standalone app comes as Meta looks to boost the AI assistant’s usage, apart from being available within the company’s family of platforms – WhatsApp, Instagram,

By Chris Isidore, CNN (CNN) — UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added the decision is unrelated to tariffs and is instead due to increased use of technology and a previously announced plan to trim its Amazon business. UPS in January announced

CNN By Alayna Treene, Betsy Klein and Jordan Valinsky, CNN New York (CNN) — The White House took aggressive aim at Amazon, with President Donald Trump putting in a call to Amazon founder Jeff Bezos Tuesday morning, after the company considered displaying the added cost of tariffs on certain items. Trump called Bezos to complain

By Alayna Treene, Betsy Klein and Jordan Valinsky, CNN New York (CNN) — The White House took aggressive aim at Amazon, with President Donald Trump putting in a call to Amazon founder Jeff Bezos Tuesday morning, after the company considered displaying the added cost of tariffs on certain items. Trump called Bezos to complain about

By Bryan Mena, CNN Washington (CNN) — Americans continue to grow uneasy about the economy as President Donald Trump wages an erratic trade war that could send US inflation rising and even trigger a recession. Consumer confidence sank 7.9 points in April to a reading of 86, the Conference Board said in its latest survey

By John Towfighi, CNN New York (CNN) — The US stock market just recorded its worst first 100 days of any presidential term since President Gerald Ford assumed office in 1974. The stock market initially surged higher after President Donald Trump’s reelection in November on expectations for a pro-business boom. Yet 100 days into Trump’s

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s major, abrupt policy shifts likely slowed the US economy sharply in the beginning of the year — for the worst quarter perhaps since the Covid-19 pandemic — as consumers and businesses fretted about massive new tariffs. The Commerce Department is set to release its initial

By John Liu and CNN staff Hong Kong (CNN) — Walmart and Target have resumed business with some of their Chinese suppliers, after pausing orders for a few weeks due to uncertainties over the imposition of steep US tariffs, two Chinese factories have told CNN. The resumption came days after a meeting last week between

CNN, POOL By Elisabeth Buchwald and Chris Isidore, CNN New York (CNN) — President Donald Trump signed an executive order and a proclamation on Tuesday to​ ease auto tariffs, the latest abrupt shift in a rapidly changing tariff policy that has left businesses scrambling to keep up. The 25% tariff on imported cars will continue,

By Elisabeth Buchwald and Chris Isidore, CNN New York (CNN) — President Donald Trump signed an executive order and a proclamation on Tuesday to​ ease auto tariffs, the latest abrupt shift in a rapidly changing tariff policy that has left businesses scrambling to keep up. The 25% tariff on imported cars will continue, and a

By Jeanne Sahadi, CNN (CNN) — US stocks melted down and market volatility soared after President Donald Trump announced his across-the-board punitive tariffs regime on April 2. While international stocks got hurt too, overall they’ve done better. Sure, US stocks were considered overvalued coming into 2025. But the loss of trillions of dollars over a

By Jordan Valinsky, CNN New York (CNN) — A former Disney employee who hacked into the company’s servers to alter its restaurant menus, including falsifying allergen information and printing profane language, has been sentenced to three years in prison. Michael Scheuer, a Florida resident, was sentenced last week in federal court and ordered to pay

By David Goldman and Matt Egan, CNN (CNN) — President Donald Trump on Sunday night reiterated an extraordinary ambition he and members of his administration have voiced from time to time throughout his young second term: One day, Americans won’t pay any more income tax, and you’ll have Trump’s tariffs to thank for it. “We’re

By Jordan Valinsky, CNN New York (CNN) — CBS News’ ‘“60 Minutes” addressed the surprise exit of its longtime executive producer Bill Owens on Sunday’s program, with anchor Scott Pelley saying that “no one is happy” about his departure. In an extraordinarily blunt final segment of the news magazine show, Pelley revealed that CBS’ parent

By Olesya Dmitracova, CNN London (CNN) — DHL will resume global shipments from businesses to American consumers worth more than $800 after a suspension earlier this month, the company said Monday. Earlier in April, DHL temporarily suspended business-to-consumer (B2C) shipments of that customs value to the United States, starting from April 21 and until further

By Chris Isidore, CNN (CNN) — Things are undoubtedly bad at Tesla. Its sales are dwindling. Its profits are plunging, as is its share price. There are regular protests outside its showrooms. The Cybertruck is a flop. And somehow, it’s actually a lot worse than that. The 71% drop in net income it just reported

By Samantha Delouya, CNN (CNN) — A few weeks ago, Los Angeles real estate agent Scott Price got the kind of call that’s only happened once before in his two-decade-long career: His buyer was backing out — just two days before closing. To Price, the reason seemed to be a growing uneasiness with the economy.

By Ramishah Maruf, CNN New York (CNN) — Millennials have been through a lot. Many of the generation were young adults when the Great Recession began, and to this day, they struggle to buy homes and pay off student debt. Now these jaded millennials are sharing their wisdom with Gen Z on TikTok, posting preparation

By Nayeli Jaramillo-Plata, CNN (CNN) — In 2017, Christina and Ian Lacey decided to take a chance and leave their stable careers to turn their hobby into a small business. The risk and hard work paid off. The Denver couple started Retuned Jewelry from their home and have seen impressive returns — averaging $360,000 in

By Clare Duffy, CNN New York (CNN) — In 2016, Mark Zuckerberg and his wife, Priscilla Chan, opened a tuition-free school for low-income families in California’s Bay Area, where Meta is headquartered. Created under the couple’s philanthropy, the Chan Zuckerberg Initiative (CZI), the Primary School aimed to combine healthcare and education for students “from birth

By Jeanne Sahadi, CNN (CNN) — No one wants to be audited by the IRS. And, in fact, very few US taxpayers have been in recent years. Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of fiscal year 2023, according to IRS data. More specifically,

By Bryan Mena, CNN Washington (CNN) — Americans are still dreading a recession and rising inflation, even after President Donald Trump paused his massive tariff hike on dozens of countries. Consumer sentiment plunged 8% in April from the prior month, to a final reading of 52.2, the University of Michigan said in its latest survey

By Elisabeth Buchwald and Nathaniel Meyersohn, CNN New York (CNN) — “Cheap goods” sold on Temu and Shein aren’t as cheap as they were 24 hours ago. On Friday, the two companies raised prices on many goods in advance of new tariffs set to take effect next week. The companies had informed shoppers of the

CNN By David Goldman, CNN (CNN) — President Donald Trump said high tariffs could be here to stay and he’d declare “total victory” if import taxes were as high as 50% a year from now, according to an interview with Time released Friday. Trump has placed historic tariffs on a wide variety of imports, including

By David Goldman, CNN (CNN) — President Donald Trump said high tariffs could be here to stay and he’d declare “total victory” if import taxes were as high as 50% a year from now, according to an interview with Time released Friday. Trump has placed historic tariffs on a wide variety of imports, including a

CNN By David Goldman, CNN (CNN) — Citadel CEO Ken Griffin, a billionaire supporter of President Donald Trump and a megadonor to Republican candidates, had some unusually harsh words for the president about his trade war: It’s hurting America’s standing in the world and eroding the nation’s brand. “The United States was more than just

By Lex Harvey, CNN (CNN) — California has surpassed Japan to become the world’s fourth-largest economy, Gov. Gavin Newsom said, as he warned of the threat posed by President Donald Trump’s tariffs to the tech powerhouse’s fast-growing wealth. The Golden State’s nominal gross domestic product (GDP) reached $4.1 trillion in 2024, according to preliminary data

By John Liu and Nectar Gan, CNN Hong Kong (CNN) — China appears to have quietly rolled back retaliatory tariffs of 125% on some semiconductors made in the US, according to details provided to CNN on Friday by three import agencies in the southern technology hub of Shenzhen, as Beijing tries to soften the blow

By Liam Reilly and Kit Maher, CNN (CNN) — President Donald Trump on Thursday said he will meet with Jeffrey Goldberg, the Atlantic editor-in-chief who, in late March, was accidentally added to a Signal group chat that involved classified information and several top Trump officials. Trump said via Truth Social that he will sit for

By Lisa Eadicicco, CNN New York (CNN) — Motorola on Thursday debuted new versions of its Razr flip phone with artificial intelligence-powered features from its own AI technology as well as that of several companies, including Perplexity, Meta and Microsoft and Google. The announcement comes as Google takes the courtroom after a federal judge found

By Jordan Valinsky, CNN New York (CNN) — Peter Cancro, the founder and CEO of Jersey Mike’s Subs, is stepping back from the leadership position following an $8 billion sale that made him a multibillionaire. The fast-growing sub chain announced Thursday that Cancro will be replaced by Charlie Morrison, the former CEO of Wingstop, beginning

By Jordan Valinsky, CNN New York (CNN) — Exports of American-made spirits hit a record high last year. However, a hangover is about to hit the industry as tariffs threaten to stunt growth, a leading industry group warned. Exports hit a record $2.4 billion in 2024, according to the Distilled Spirits Council of the United

By Jordan Valinsky, CNN New York (CNN) — Jack in the Box plans to close approximately 10% of its locations and is exploring a sale of its Del Taco brand amid a broader overhaul of the fast food chain that is struggling as customers cut back on spending. The 74-year-old chain announced Wednesday that it’s

By David Goldman, CNN (CNN) — Citadel CEO Ken Griffin, a billionaire supporter of President Donald Trump and a megadonor to Republican candidates, had some unusually harsh words for the president about his trade war: It’s hurting America’s standing in the world and eroding the nation’s brand. “The United States was more than just a

By Jordan Valinsky, CNN New York (CNN) — Chicken has quickly become the fast-food menu item of choice for American consumers, putting McDonald’s in a tough spot. Chicken revenue at McDonald’s fell behind the explosive sales at Raising Cane’s, Wingstop and other chicken-centric chains, as well as new entrants like Taco Bell, which all sell

By John Towfighi, CNN New York (CNN) — US stocks soared Wednesday, but the S&P 500 is still trying to climb out of slump instigated by President Donald Trump’s trade war. After hitting a record high in February, the S&P 500 dropped into correction in March as Trump unveiled his plan for tariffs. The benchmark

By Juliana Liu and Nectar Gan, CNN Hong Kong (CNN) — US President Donald Trump has delighted global investors with the possibility of a reduction in tariffs on Chinese imports. But his apparent willingness to de-escalate America’s trade war with the world’s second-biggest economy has been brushed off by government officials in China and ridiculed

By David Goldman, CNN (CNN) — President Donald Trump said Wednesday that he could re-impose “reciprocal” tariffs on some countries in as soon as two or three weeks, a potentially significant re-escalation of the global trade war that has already raised fears of a US and global recession. “In the end, I think what’s going

By David Goldman, CNN (CNN) — President Donald Trump said Wednesday that Federal Reserve Chair Jerome Powell has kept interest rates too high and that he might call the central bank chief. “I haven’t called him. I might call him,” Trump said in an Oval Office executive action signing ceremony Wednesday evening. “I believe he’s

By Ramishah Maruf, CNN New York (CNN) — Twelve states sued the Trump administration Wednesday for “illegally imposing” tax hikes on Americans through tariffs. Trump imposed the tariffs through the International Emergency Economic Powers Act (IEEPA), which gives the president the authority to enact those powers in response to unusual and extraordinary threats. The lawsuit

CNN By Kevin Liptak, Jeff Zeleny and David Goldman, CNN (CNN) — President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs, who warned of financial chaos and store shelves that could go bare, people familiar

By Clare Duffy, CNN New York (CNN) — Many of America’s wealthiest business leaders have lost millions, if not billions, of dollars in net worth since the start of the year, as President Donald Trump’s policies hit markets. But some might have lost even more if they hadn’t offloaded millions of dollars’ worth of stock

By Chris Isidore, CNN (CNN) — Elon Musk says he’s going back to Tesla. The question now is whether or not it’s too late to reverse the damage that’s been done. Musk told investors on Tuesday night he would step back from his role running the Department of Government Efficiency (DOGE) next month, spending only

By Olesya Dmitracova, CNN London (CNN) — Businesses in Germany and Britain produced less this month amid worries about President Donald Trump’s near-universal tariffs, in another sign that the global damage from his import levies is adding up. Closely watched surveys of purchasing managers showed Wednesday that private sector output contracted in Germany, Europe’s biggest

By Kevin Liptak, Jeff Zeleny and David Goldman, CNN (CNN) — President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs, who warned of financial chaos and store shelves that could go bare, people familiar with

By Anna Cooban, CNN London (CNN) — The European Union has fined Apple and Meta a combined €700 million ($797 million) in the first enforcement of its landmark digital competition law. The penalties for breaching the Digital Markets Act come amid attacks on the EU by the Trump administration for what it sees as the

By Chris Isidore, CNN (CNN) — Boeing’s problems the last six years have been legion. Tariffs could be yet another gut punch for the beleaguered company – and, given Boeing’s importance as the top US exporter, for the economy as a whole. Boeing’s jets could get millions of dollars more expensive if other countries impose

By Simone McCarthy, CNN Shanghai, China (CNN) — Chinese electric vehicle giant BYD has already beaten out long-standing frontrunner Tesla in sales of electrified vehicles. And now it’s coming for luxury sports cars. BYD’s premium Denza line on Wednesday unveiled the Z, a flashy new deep-blue model that points to the company’s ambitions to rival

By Nectar Gan and Alejandra Jaramillo, CNN Hong Kong/Washington (CNN) — US President Donald Trump has signaled a potential U-turn on his trade war with China amid continued market volatility, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.” Trump’s remarks, made at a White House news event

CNN By Liam Reilly, CNN (CNN) — Bill Owens, the executive producer for CBS News’ flagship “60 Minutes” program, announced he will resign from the top job on Tuesday, saying he no longer has control over the show. In a memo obtained by CNN, Owens said to “60 Minutes” staff that the last few months

CNN By Chris Isidore, CNN (CNN) — Elon Musk says he’s going back to Tesla. The question now is whether or not its too late to reverse the damage that’s been done. Musk told investors on Tuesday night he would step back from his role running the Department of Government Efficiency (DOGE) next month, spending

By Ramishah Maruf, Tori B. Powell and Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump said he had “no intention of firing” Federal Reserve Chair Jerome Powell on Tuesday. The message is a stark change from just a day earlier, when Trump called Powell a “major loser” in a Truth Social post and

By Liam Reilly, CNN (CNN) — A jury on Tuesday shot down Sarah Palin’s second bid against The New York Times, almost eight years after the former Alaska governor first filed her complaint. The verdict came less than a week after the trial began and two years after she lost her first case against the

By Chris Isidore, CNN (CNN) — Elon Musk says he’s coming back to Tesla, partly stepping away from his high profile and controversial Trump administration role that has been blamed for a plunge in profits and sales at the company. Musk told Tesla investors on Tuesday that he would scale back his efforts at Department

By Liam Reilly, CNN (CNN) — Bill Owens, the executive producer for CBS News’ flagship “60 Minutes” program, announced he will resign from the top job on Tuesday, saying he no longer has control over the show. In a memo obtained by CNN, Owens said to “60 Minutes” staff that the last few months have

By David Goldman, CNN (CNN) — Stocks are on the rebound Tuesday, bouncing back from another miserable day on Wall Street. But American financial markets are sounding all sorts of alarm bells that one day in the green can hardly overcome. That’s because investors have been sending a clear message: President Donald Trump’s trade war

By Olesya Dmitracova, CNN London (CNN) — President Donald Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday. Global economic growth will slow to 2.8% this year, from 3.3% last year and significantly

By John Towfighi and Matt Egan, CNN New York (CNN) — Treasury Secretary Scott Bessent told investors Tuesday that the US-China trade war is unsustainable and he expects the battle to de-escalate, a person familiar with the matter confirmed to CNN, giving a boost to a Wall Street rally that had taken shape this morning.

By Clare Duffy, CNN New York (CNN) — The impact of social media on young people’s mental health and well-being is a growing topic of concern among parents, educators, health care professionals and regulators. And now, nearly half of US teens say social media has a mostly negative effect on people their age — and

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays, the bankrupt casual dining chain, has only 85 restaurants left in the United States, according to its website. It’s a sharp decline of the once-iconic restaurant, which had about 270 US locations at the beginning of last year and has only seen its store count

By Lisa Eadicicco, CNN New York (CNN) — There’s a key difference between an iPhone and Samsung Galaxy phone that may matter now more than ever: One was likely assembled in China, while the other was probably produced in Vietnam, India or South Korea. Samsung, unlike Apple, doesn’t rely heavily on China for smartphone production,

By Elisabeth Buchwald, CNN New York (CNN) — Ever since President Donald Trump introduced his first round of new tariffs, it’s been a waiting game to see just how much they’ll impact the global economy. This week, one of the earliest signs was revealed — and it wasn’t pretty. South Korea’s Customs Service reported that

By Bryan Mena, CNN Washington (CNN) — President Donald Trump is running out of patience: He wants lower interest rates, a key part of his economic agenda. The only problem: America’s rate-setters don’t report to him. Trump over the past week has ripped into Federal Reserve Chair Jerome Powell for not lowering borrowing costs, threatening

By John Liu, CNN Hong Kong (CNN) — The price of gold jumped to a fresh record high on Tuesday, as concerns about US President Donald Trump’s intention to oust Federal Reserve Chair Jerome Powell weighed on investors. Gold, considered a safer financial bet amid economic uncertainty, rose to a new record of $3,500.05 per

By John Liu, CNN Hong Kong (CNN) — China’s Contemporary Amperex Technology (CATL), the world’s largest producer of electric vehicle batteries, has unveiled an upgraded battery it says promises an even longer range than rival BYD’s cutting-edge technology. Both tech giants now boast they have batteries that can charge EVs in as little as five

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission sued ride-hailing giant Uber Monday, alleging “deceptive” billing and cancellation practices in its Uber One subscription service. The FTC alleged the company charged customers for Uber One, a service for fee-free delivery and discounts on rides, without their consent and made it too

By Jordan Valinsky, CNN New York (CNN) — Among the biggest annoyances of booking an Airbnb are the fees, which can jack up the price of the once affordable alternative to hotels. That’s changing Monday with the platform now displaying the total price on default. All users will now see the full price of a

By John Towfighi, CNN New York (CNN) — US stocks ended the day sharply lower Monday and the dollar tumbled as investors assessed continued tariff uncertainty and the implications of President Donald Trump’s ongoing mission to try and oust Federal Reserve Chair Jerome Powell. The Dow fell 972 points, or 2.48%. The broader S&P 500

By John Towfighi, CNN New York (CNN) — Global markets have been shaken to their core by President Donald Trump’s aggressive trade agenda — and despite his promise of a “new golden age of America,” the long-held appeal of US investment is starting to lose its luster. Trump’s tariffs have been a catalyst for the

By Clare Duffy, CNN New York (CNN) — A Sam Altman-backed company has an ambitious plan to solve one of the internet’s trickiest problems — distinguishing humans from artificial bots. It involves an Orb. The Orb couldn’t verify me as a “unique human” when I tried it — but it turns out, that’s partially by

By Nectar Gan, CNN Hong Kong (CNN) — Beijing has warned its trading partners against succumbing to US pressure to isolate China in President Donald Trump’s tariff war, as part of its carrot-and-stick approach to win over countries caught between the world’s two largest economies. Commenting on recent media reports about the Trump administration’s plans

By Auzinea Bacon, CNN (CNN) — Ryan Coogler’s supernatural horror “Sinners” drove a stake through the competition this weekend to finish No. 1 at the box office while shattering industry expectations. “Sinners” pulled in $45.6 million domestically, surpassing estimates of about $35 million, and edging “A Minecraft Movie,” which grossed $41.3 million in its third

By Chris Isidore, CNN (CNN) — It’s called a chicken tax, but it’s levied on pickups. And it shows just why President Donald Trump’s tariffs could change the US economy longer than you might think. President Lyndon Johnson imposed the chicken tax in 1963, but it’s still in effect today, even though its supposed reason

By Reuters (CNN) — A Boeing jet intended for use by a Chinese airline landed back at the planemaker’s U.S. production hub on Saturday, a victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive. The 737 MAX, which was meant for China’s Xiamen Airlines, landed at Seattle’s Boeing

By Nayeli Jaramillo-Plata, CNN (CNN) — April 20, or “4/20,” is the unofficial holiday for cannabis culture. While the origins of “weed day” are a bit hazy — the most widely accepted story traces back to a group of California high schoolers who met at 4:20 pm to smoke marijuana — 4/20 has gained mainstream

By Alicia Wallace, CNN (CNN) — Small businesses are the backbone of the US economy, homegrown companies that would seem to be exactly what President Donald Trump aims to protect as part of his “America First” trade agenda. But for many small business owners, the years of hard work and the optimistic outlooks have unraveled