Money

By John Towfighi, CNN New York (CNN) — What a week it’s been. US stocks surged Friday but all three major indexes still closed the week in the red. President Donald Trump’s budding trade war has sent jitters through markets that caused a volatile week on Wall Street. The Dow ended the day higher by

By Marshall Cohen, CNN Washington (CNN) — The pro-Trump cable channel Newsmax agreed to pay $40 million in a confidential settlement last year to end a 2020 election-related defamation lawsuit brought by voting technology company Smartmatic, according to regulatory filings recently made public. Newsmax and Smartmatic settled the case in September, on the eve of

By Bryan Mena, CNN Washington (CNN) — The Trump bump in consumer sentiment is now a Trump slump. Americans continue to grow worried over President Donald Trump’s escalating and haphazard trade war, according to the University of Michigan’s latest consumer survey released Friday. Consumer sentiment fell 11% this month to a reading of 57.9, a

By Olesya Dmitracova, CNN London (CNN) — Gold prices reached $3,000 an ounce for the first time in history Friday, boosted by demand for safe-haven assets as investors fret about President Donald Trump’s tariffs and geopolitics. Prices hit a record $3,005 before paring those gains a bit to just under $3,000. Jason Hollands, managing director

By David Goldman, CNN (CNN) — On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda. The market that embraced Trump for most of his first term and in the lead-up to his second has turned on the president.

By Jordan Valinsky, CNN New York (CNN) — Perhaps there’s no better example of where the newly applied 25% tariffs on aluminum and steel will be felt than craft brewers, an industry that uses both materials in all facets of production and sales. And for Wesley Keegan, owner and founder of Nashville-based TailGate Brewery, the

By Juliana Liu, CNN Hong Kong (CNN) — China has sharply criticized a proposal to sell ports in the Panama Canal to American asset management giant BlackRock, attacking the deal as “spineless groveling” and a “betrayal” of the Chinese people. A commentary published by the state-owned Ta Kung Pao newspaper and reposted on the website

By Samantha Delouya, CNN (CNN) — Bill Pulte, who was confirmed by the US Senate on Thursday to lead the Federal Housing Finance Agency for the Trump administration, said he’s in no rush to privatize Fannie Mae and Freddie Mac, the mortgage behemoths that power more than half of America’s mortgages. “Fannie and Freddie shouldn’t

By Ramishah Maruf, CNN New York (CNN) — Tesla, the electric car company run by Elon Musk, said this week that retaliatory tariffs against US manufacturers could harm its operations and that the US should carefully consider its trade policies, a break from Musk’s ally President Donald Trump. In a March 11 letter to US

By John Liu and Wayne Chang, CNN Hong Kong/Taipei (CNN) — It was a surprise ceremony at the White House presided over by President Donald Trump to unveil a $100 billion investment from what he called the world’s most powerful company, Taiwan Semiconductor Manufacturing Company (TSMC). But nearly 8,000 miles away, the mood was far

CNN By John Liu and Wayne Chang, CNN Hong Kong/Taipei (CNN) — It was a surprise ceremony at the White House presided over by President Donald Trump to unveil a $100 billion investment from what he called the world’s most powerful company, Taiwan Semiconductor Manufacturing Company (TSMC). But nearly 8,000 miles away, the mood was

By John Towfighi, CNN New York (CNN) — US stocks slid Thursday and the S&P 500 closed in correction, down 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union. The Dow ended the day down by 537 points, or 1.3%. The S&P 500 fell 1.39% and

By Nathaniel Meyersohn, CNN New York (CNN) — Low-income Americans’ financial condition has gotten worse over the last year and more shoppers are going without basic necessities. That’s the worrying message coming from Dollar General, which sells inexpensive items and is thus considered a bellwether for low and middle-income shoppers’ health. Dollar General’s “core customers”

By Allison Morrow, CNN New York (CNN) — At a White House summit last week, Commerce Secretary Howard Lutnick spoke passionately about the Trump administration’s plans to embrace cryptocurrencies, a largely unregulated industry that has historically operated on the fringes of finance. “Technology is at the foundation of the Trump presidency,” Lutnick said, addressing two

By Alicia Wallace, CNN (CNN) — Americans just got some reassurances that inflation was slowing, and not reaccelerating, last month. The Producer Price Index, a wholesale inflation gauge that is being closely watched for tariff-related impacts, showed that price hikes slowed substantially in February. The PPI index was unchanged from January, and rose 3.2% for

By David Goldman, CNN (CNN) — President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand. In a post on Truth Social, Trump

By Clare Duffy, CNN New York (CNN) — Meta CEO Mark Zuckerberg told lawmakers in a congressional hearing last January that it didn’t make sense for his platforms to verify how old their users are in order to serve them age-appropriate experiences. Instead, that responsibility should lie with app stores, he said. Just over a

By Chris Isidore, CNN New York (CNN) — Gasoline prices are coming down, and President Donald Trump is happy to take credit for that. But he has little to do with it, experts say, and his policies could make it more expensive to increase domestic oil production from already record levels. The price of a

By Elisabeth Buchwald, CNN (CNN) — It’s easy for Americans to think President Donald Trump’s aluminum and steel tariffs won’t affect them. Most of us aren’t shopping for raw metals, after all. Yet the 25% tariffs rolled out on Wednesday could still manage to dent consumers’ wallets. From cans for food, beer and soda to

By John Liu and Juliana Liu, CNN Hong Kong (CNN) — Walmart is getting caught in the middle of an escalating trade war between the United States and China. Chinese officials confirmed on Thursday they had met with executives from the US retail giant, following a news report that it had pressured its suppliers in

By Samantha Delouya, CNN (CNN) — Two months ago, JPMorgan Chase CEO Jamie Dimon had a curt message for people protesting President Donald Trump’s tariff policy: “Get over it.”“Get over it.” But with stock markets lower and cracks appearing to form in the US economy, Dimon himself might not be over it. “I don’t think

By Clare Duffy, CNN New York (CNN) — Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals. The company announced Wednesday that it has named longtime tech investor and semiconductor industry executive Lip-Bu Tan

By Reuters (CNN) — The US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing “severe resource shortfalls in terms of both money and personnel.” Jonathan Cohen, an attorney for the FTC, told US District

By Vanessa Yurkevich, CNN New York (CNN) — There may be some cracks forming in the egg market. For the past several months, consumers have been faced with a hard reality: Fewer eggs at higher prices. But in the first week of March, prices for wholesale loose eggs fell by $1.20, averaging about $6.85 a

By Bryan Mena and Kayla Tausche, CNN Washington (CNN) — Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting the economy. “The collective impact in the short run is that people are

By Liam Reilly, CNN New York (CNN) — Ruth Marcus, who recently resigned as a Washington Post columnist after four decades, said she parted ways with the paper following a spiked opinion piece on the paper’s billionaire owner because her job is to tell readers “what I think, not what Jeff Bezos thinks I should

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for

By Matt Egan and Jordan Valinsky, CNN New York (CNN) — The US spirits industry is bracing for pain after the European Union targeted American whiskey in retaliation against President Donald Trump’s steel and aluminum tariffs. The EU’s decision to spike tariffs on American whiskey to 50% is “deeply disappointing and will severely undercut the

By Jordan Valinsky, CNN New York (CNN) — Roomba’s parent company is warning that its future is on shaky ground, more than a year after a planned $1.7 billion acquisition by Amazon fell through. iRobot (IRBT), a maker of robotic vacuum cleaners, has “substantial doubt about the company’s ability to continue,” it revealed in its

By Alicia Wallace, CNN (CNN) — Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans. The Consumer Price Index, which measures price changes across commonly

By Nathaniel Meyersohn, CNN New York (CNN) — American consumers – and their wallets – are the engine of the economy. But they’re now showing the strain of inflation, President Donald Trump’s tariffs and a stock market plunge. That’s a problem because consumer spending accounts for roughly 70% of the US economy. Consumers proved resilient

By John Liu, CNN (CNN) — Elon Musk has secured a major win in India by signing two back-to-back deals to bring SpaceX’s Starlink satellite internet services to the country. The country’s top telecoms provider Reliance Jio, owned by Indian billionaire Mukesh Ambani, said on Wednesday it had inked a deal with SpaceX. “Jio will

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.

By Clare Duffy, CNN New York (CNN) — Meta is once again facing allegations from a former employee that a growth-at-all-costs culture has caused offline harm. A new book called “Careless People,” published Tuesday by former executive-turned-whistleblower Sarah Wynn-Williams, provides a detailed account of her six years at the company, offering an insider’s perspective into

By Ramishah Maruf, CNN New York (CNN) — It was an extraordinary scene at the White House South Lawn Tuesday. President Donald Trump effectively held a combination press conference and live Tesla ad outside the White House, accompanied by the company’s CEO and Department of Government Efficiency Head Elon Musk – all in front of

CNN By John Towfighi, CNN New York (CNN) — US markets seesawed Tuesday amid another tariff roller coaster ride. All three major indexes dropped after President Donald Trump doubled down early Tuesday on his threat to levy a new round of hefty tariffs on Canada. Yet by the afternoon, markets had pared some losses as

By Liam Reilly, CNN New York (CNN) — A Florida circuit judge on Monday denied the Pulitzer Board’s request to pause a defamation lawsuit from Donald Trump until the president is out of office. The decision from the 19th Judicial Circuit Court’s Judge Robert L. Pegg late Monday presents a blow to the board, which

By John Towfighi, CNN New York (CNN) — US markets seesawed Tuesday amid another tariff roller coaster ride. All three major indexes dropped after President Donald Trump doubled down early Tuesday on his threat to levy a new round of hefty tariffs on Canada. Yet by the afternoon, markets had pared some losses as officials

By Chris Isidore, CNN New York (CNN) — Two recent plane crashes have stoked worries among flyers and prompted some to pull back on air travel plans, according to two of the airlines that had those crashes. Delta Air Lines CEO Ed Bastian said Tuesday morning that the fatal crash of an American Airlines flight

By David Goldman and Elisabeth Buchwald, CNN (CNN) — President Donald Trump backed down from an extraordinary trade war escalation Tuesday that had threatened a massive surge in tariffs on Canadian steel and aluminum and new tariffs on Canadian electricity. In turn, Ontario paused surcharges on electricity to US customers. After the back-and-forth tariff threats

By Bryan Mena, CNN Washington (CNN) — The Trump administration’s dizzying back-and-forth on tariffs is paralyzing America’s small businesses as they grow worried about the US economy’s future. The National Federation of Independent Business’ Uncertainty Index climbed in February to its second-highest reading on record, going back to 1973, according to the group’s latest survey

By Alicia Wallace, CNN (CNN) — The latest snapshot of job openings in the US shows that there were 7.74 million available positions at the end of January, signaling renewed optimism from US employers to start the year. The number of job openings rose from December’s downwardly revised total of 7.51 million, according to the

By Jeanne Sahadi, CNN (CNN) — Timing is everything. That applies to a lot of situations in life — including your prospects for not outliving your money when you retire. You already know about the hazards of investment risk. When you put your money in the stock market over the long term, you’re bound to

By Jordan Valinsky, CNN New York (CNN) — Months after ditching its open seating policy, Southwest Airlines is ending its most recognizable perks: Free checked baggage. The airline will begin charging for the first and second checked bag beginning on May 28, Southwest announced Tuesday. However, members of its A-List loyalty program or those traveling

By Hadas Gold, CNN (CNN) — Elon Musk spent the weekend with President Donald Trump at Mar-a-Lago, getting a round-trip ride on Air Force One. While Musk has spent an increasing amount of time with Trump, three of his companies are having a rough go. His X social media platform was down for much of

By John Liu, CNN Hong Kong (CNN) — Stocks markets across Asia sank Tuesday amid mounting fears of a serious downturn in the world’s largest economy, as US President Donald Trump ramped up a tariff war against its biggest trade partners. Trump’s refusal Sunday to rule out the possibility of a US recession has rattled

By Ramishah Maruf, CNN New York (CNN) — Delta Air Lines slashed its earnings forecast in a Securities and Exchange Commission filing Monday, saying consumers are worried about the economy in a sign that uncertainty and economic jitters could change the way Americans are now spending their money. The airline expects 3% to 4% growth

By Liam Reilly, CNN (CNN) — The Washington Post announced a major “reinvention” of its newsroom Monday, as the ailing Jeff Bezos-owned publication looks to grow its dwindling subscription numbers. Less than one week after its billionaire owner introduced a “significant shift” to the paper’s opinion section, Matt Murray, the Post’s executive editor, announced a

CNN By Max Saltman, CNN (CNN) — President Donald Trump may have delayed most – though not all – of the tariffs he had imposed on Canada and Mexico, but that hasn’t stopped America’s northern neighbors from responding forcefully in retaliation. Ontario Premier Doug Ford said at a press conference that he would move forward

By Chris Isidore, CNN New York (CNN) — Police across the United States are investigating a series of attacks on Tesla showrooms, charging stations and Tesla vehicles, as vitriol escalates against CEO Elon Musk. There have also been peaceful protests at many Tesla locations, which involve demonstrators carrying signs and chanting “Elon Musk has got

By Liam Reilly, CNN (CNN) — “The Apprentice,” the NBC reality show that propelled Donald Trump from real estate mogul to TV personality, is getting the streaming treatment at Amazon’s Prime Video. Amazon on Monday announced the show’s first seven seasons will stream exclusively on Prime Video, with the first season hitting the platform Monday

By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s X was hit by waves of outages earlier Monday, which the billionaire claims was due to a cyberattack with IP addresses originating in Ukraine. “We’re not sure exactly what happened,” Musk said during a Fox Business interview Monday afternoon. “But there was a massive cyberattack

By Max Saltman, CNN (CNN) — President Donald Trump may have delayed most – though not all – of the tariffs he had imposed on Canada and Mexico, but that hasn’t stopped America’s northern neighbors from responding forcefully in retaliation. Ontario Premier Doug Ford said at a press conference that he would move forward with

By John Towfighi and Lucy Bayly, CNN New York (CNN) — US stocks plunged, bitcoin stumbled and Wall Street’s fear gauge hit its highest level this year as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday. The rout on Wall Street started early, with all three major indexes

By Anna Cooban, CNN Cannes, France (CNN) — The United States has extended its lead over other nations as the world’s biggest exporter of weapons, with Europe now its main customer. The US accounted for 43% of global weapons exports between 2020 and 2024, more than four times the share of France, the world’s second-largest

By Jordan Valinsky, CNN New York (CNN) — CVS is looking to grow itself by shrinking. The pharmacy chain is opening around a dozen stores this year that are about the half the size of its traditional layout and have only a pharmacy — ditching the front-end of the store that traditionally has sold snacks,

By Matt Egan and Ella Nilsen, CNN (CNN) — Workers and executives in the wind industry are deeply worried as the Trump administration has moved to bring the once-booming business to a standstill. President Donald Trump, who has raged against wind turbines for many years, took swift action to crack down on wind on the

By Chris Isidore, CNN New York (CNN) — Walgreens has been attempting a financial turnaround for years, and now it says it’s found a new path to finish it. But if history is any guide, its path is more likely to lead to its eventual demise than long-term success. Walgreens Boots Alliance, which owns drugstores

By John Liu, CNN Hong Kong (CNN) — Consumer prices in China have plunged to their lowest level in more than a year, highlighting persistent deflationary pressures in the world’s second-largest economy. The Consumer Price Index (CPI), a benchmark for measuring inflation, fell by 0.7% in February from the previous year, China’s National Bureau of

By Jessie Yeung, CNN (CNN) — Canada’s next leader is a relative political newcomer, coming instead from a decades-long career in finance where he steered governments through major global crises and periods of upheaval — experience he’s hoping to now leverage as he prepares to take over from Prime Minister Justin Trudeau. It’s an unorthodox

CNN By Auzinea Bacon, CNN (CNN) — President Donald Trump said tariffs on some goods from Canada and Mexico planned for April 2 “could go up,” and would not predict whether the United States will have a recession in 2025. In an interview that aired on Fox News’ “Sunday Morning Futures With Maria Bartiromo,” Trump

By Auzinea Bacon, CNN (CNN) — President Donald Trump said tariffs on some goods from Canada and Mexico planned for April 2 “could go up,” and would not predict whether the United States will have a recession in 2025. In an interview that aired on Fox News’ “Sunday Morning Futures With Maria Bartiromo,” Trump said

By Nic F. Anderson, CNN New York (CNN) — Rob Sarno has been with the New York City’s Metropolitan Transportation Authority (MTA) for 14 years. As assistant chief track officer, he assists maintenance and emergency response — which also meant teaching artificial intelligence systems what a damaged rail sounds like last year. For a few

By Jordan Valinsky, CNN New York (CNN) — Canada’s neighbors to the south are levying tariffs, threatening annexation and igniting plenty of other chaos. So Canada’s oldest brewery figures that for its people to survive the next four years, they just might require a daily beer. Moosehead Breweries, founded in 1867, released on Friday a

By Hadas Gold, CNN ATLANTA (CNN) — Steve Harvey is best known for awarding money to “Family Feud” contestants or dishing out advice on his radio show. But in recent years, he’s also become a popular target of AI-generated memes, many of which are humorous and seemingly harmless — like depictions of Harvey as a

By Kara Scannell, CNN (CNN) — President Donald Trump’s business trust sued Capital One for closing its bank accounts in 2021, claiming the Virginia lender “debanked” them over their political views causing “considerable financial harm.” The lawsuit, which was filed by the Donald J Trump Revocable Trust and Eric Trump in Miami-Dade Circuit Court on

CNN By David Goldman, CNN (CNN) — A day after offering Canada a one-month reprieve on punishing, virtually across-the-board 25% tariffs, President Donald Trump has threatened new tariffs as soon as Friday on Canadian lumber and dairy products. It’s yet another twist in a serpentine trade policy that seems to shift on an hourly basis.

CNN By Alicia Wallace, CNN (CNN) — Employment growth rebounded in February as the US economy added 151,000 jobs, according to Bureau of Labor Statistics data released Friday. The unemployment rate, however, edged up to 4.1% from 4% the month before. The labor force participation rate slipped as well. Employment growth came in a little

By Bryan Mena, CNN Washington (CNN) — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. “Despite elevated levels of uncertainty, the US economy continues to be in a good place,” Powell said at an event hosted by the University of

By David Goldman, CNN (CNN) — A day after offering Canada a one-month reprieve on punishing, virtually across-the-board 25% tariffs, President Donald Trump has threatened new tariffs as soon as Friday on Canadian lumber and dairy products. It’s yet another twist in a serpentine trade policy that seems to shift on an hourly basis. “Canada

By Jordan Valinsky, CNN New York (CNN) — Sam Bankman-Fried, the convicted crypto fraudster who is serving 25 years in prison, is breaking his silence about his life behind bars in a new interview with Tucker Carlson. One major point of interest about Bankman-Fried has been about whether he has befriended disgraced rapper Sean “Diddy”

By Jordan Valinsky, CNN New York (CNN) — For decades, Wendy’s offered only two Frosty flavors: Chocolate or vanilla. That’s about to change, as the fast food chain is giving its iconic ice cream treat a makeover. In the coming months, Wendy’s is rolling out new ways to customize the sweet treat with offerings called

By Jordan Valinsky, CNN New York (CNN) — A grassroots movement’s call for Americans not to shop at major chains for 24 hours in an “economic blackout” last week went viral — and now, its organizer is launching a weeklong boycott against Amazon that starts Friday. John Schwarz, the 57-year-old founder of The People’s Union

By Alicia Wallace, CNN (CNN) — Employment growth rebounded in February as the US economy added 151,000 jobs, according to Bureau of Labor Statistics data released Friday. The unemployment rate, however, edged up to 4.1% from 4% the month before. The labor force participation rate slipped as well. Employment growth came in a little under

By Ramishah Maruf and Allison Morrow, CNN New York (CNN) — President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday, shortly before hosting a crypto summit at the White House. The Treasury Department will set up an office to administer the reserve, which

By Jordan Valinsky and Ramishah Maruf, CNN New York (CNN) — Walgreens Boots Alliance is being taken private in a deal valued up to $23.7 billion, following a largely disastrous run on the public markets where its market cap has lost billions and more than 10% of its locations have closed. It brings an end

CNN By David Goldman, CNN (CNN) — President Donald Trump on Thursday signed executive actions that delay for nearly one month tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets, businesses and consumers. The

By Chris Isidore, CNN New York (CNN) — The Commerce Department has changed its rules in a way that could open the door for Starlink, Elon Musk’s satellite internet service, to become part of a federal $42 billion grant program to bring high-speed service to rural and poor areas of the United States. The rules

By David Goldman, CNN (CNN) — President Donald Trump on Thursday signed executive actions that delay for nearly one month tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets, businesses and consumers. The executive

By John Towfighi, CNN New York (CNN) — The rocky week on Wall Street continued on Thursday as investors grappled with further uncertainty from President Donald Trump’s tariffs. US stocks opened sharply lower but fluctuated on the mixed messaging coming from the White House. All three major indexes closed lower, despite Trump announcing a nearly

CTV NETWORK, WZTV, BROWN-FORMAN, CNN By Jordan Valinsky, CNN New York (CNN) — After Canada pulled American-made spirits off its shelves following President Donald Trump’s implementation of tariffs on Canadian imports, the CEO of Brown-Forman, which makes Jack Daniel’s whiskey and other liquors, blasted the move as “disproportionate.” “That’s worse than a tariff because it’s

By Jordan Valinsky, CNN New York (CNN) — After Canada pulled American-made spirits off its shelves following President Donald Trump’s implementation of tariffs on Canadian imports, the CEO of Brown-Forman, which makes Jack Daniel’s whiskey and other liquors, blasted the move as “disproportionate.” “That’s worse than a tariff because it’s literally taking your sales away,”

By Alicia Wallace, CNN (CNN) — The Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoff plans last month, new data showed Thursday. US-based employers last month announced plans to slash 172,017 jobs, a 103% increase from January and the highest February total since 2009, according

By Alicia Wallace, CNN (CNN) — President Donald Trump’s tariffs have been met with alarm and concern about how steep import taxes against the United States’ three biggest trading partners not only could harm the economy in the immediate term but also could set off a devastating trade war. To be fair, the broad-based tariff

By Jeanne Sahadi, CNN (CNN) — Last year was a pretty good year if you were among the tens of millions of employees who put their savings to work in a 401(k) plan. Sure, strong returns on the S&P 500 helped. It rose nearly 25% for the year. Same goes for the Nasdaq, which was

By Matt Egan, CNN New York (CNN) — The Tariff Man sequel is proving to be even more confusing and chaotic than the original. Each week, new tariffs are threatened against friends and foes alike, on an ever-growing list of products. Administration officials hint at compromises, only to be contradicted by the boss. Some tariffs

By John Liu, CNN Hong Kong (CNN) — Chinese tech giant Alibaba unveiled its latest artificial intelligence reasoning model on Thursday, boasting that its capabilities beat those of rival models from OpenAI and startup DeepSeek. The news prompted Alibaba’s Hong Kong-listed shares to close 8% higher on the day and helped boost the Hang Seng’s

By Nectar Gan and Juliana Liu, CNN Hong Kong (CNN) — Fresh off the global success of DeepSeek’s latest artificial intelligence reasoning model, China’s top economic officials have vowed to set up a state-backed fund to support technological innovation. The “state venture capital guidance fund” will focus on cutting-edge fields such as artificial intelligence, quantum

By Anna Cooban and Olesya Dmitracova, CNN London (CNN) — 2025 has not been kind to Europe so far. The risk of war on the continent has been declared the highest it’s ever been, while data has shown the mighty US economy pulling even further ahead of its European counterpart. As a rapid rise in

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Target is facing a 40-day consumer boycott starting Wednesday over the company’s shift away from diversity, equity and inclusion (DEI) policies. “We’re asking people to divest from Target because they have turned their back on our community,” Rev. Jamal Bryant, a prominent Atlanta-area megachurch pastor who

By Hadas Gold, CNN (CNN) — Elon Musk says that he believes the US Postal Service and Amtrak need to be privatized and that “we should privatize anything that can reasonably be privatized.” Speaking virtually at the Morgan Stanley Technology Media & Telecom conference, Musk said it’s “kind of embarrassing” how other countries have “way

By Liam Reilly, CNN (CNN) — Tom Llamas will replace Lester Holt as the face of “NBC Nightly News.” Llamas is expected to take over the anchor seat as well as managing editor duties this summer, the broadcaster shared on Wednesday. In addition to his “Nightly News” duties, Llamas will stay on as anchor of

By Liam Reilly, CNN (CNN) — The Los Angeles Times’ billionaire owner, who unveiled an AI tool that generates opposing perspectives to be displayed on opinion stories, was unaware the new tool had created pro-KKK arguments less than 24 hours after it launched — and hours after the AI comments had been taken down. The

By John Towfighi, CNN New York (CNN) — US stocks rose Wednesday after the Trump administration announced it would grant a one-month exemption for tariffs on Canada and Mexico that affect automakers. US stocks, which had teetered during the day, surged higher after the White House confirmed the one-month exemption. The Dow jumped 615 points

By Chris Isidore, CNN New York (CNN) — The US tariffs on Canadian fuel imports could hit some parts of the country harder than others. The Northeast could see that change first, according to experts, and prices are also at risk of rising on the West Coast. But even those potential hikes would be unlikely

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump has granted an exemption on auto tariffs on Mexico and Canada for one month, White House Press Secretary Karoline Leavitt announced Wednesday, issuing a major, albeit temporary, concession on a key part of his administration’s economic plan. After speaking with Ford, General Motors and Stellantis, Trump

By Alicia Wallace, CNN (CNN) — The Trump administration’s frenetic policy changes appear to be making US businesses think twice about hiring new workers. New data released Wednesday showed that hiring by US private-sector companies fell sharply last month, much more than economists had expected. Private-sector employment increased by an estimated 77,000 jobs in February,

By Jordan Valinsky, CNN New York (CNN) — In a time when fast food chains are releasing deals to juice sluggish sales as inflation and tariffs threats weigh heavily on the American consumer, one company is bucking the trend: Taco Bell. The Crunchwrap Supreme and Mexican Pizza purveyor is forecasting 8% sales growth this quarter

By Elisabeth Buchwald, CNN (CNN) — Well, it finally happened: President Donald Trump fulfilled his promise to impose sweeping tariffs on America’s top three trading partners, Mexico, China and Canada. Collectively, these three countries shipped $1.4 trillion worth of goods to the United States last year, accounting for 40% of all the goods the US