Money

By Bryan Mena, CNN Washington (CNN) — Americans are still opening their wallets, even as President Donald Trump’s tariffs start to take a bite. Retail sales rose 0.6% in June from the prior month, the Commerce Department said Thursday, rebounding from the steep 0.9% decline in May. June’s number was much stronger than the 0.2%

By Brian Stelter, CNN (CNN) — Public television stations will be “forced to make hard decisions in the weeks and months ahead,” PBS CEO Paula Kerger said Thursday, after the Senate voted in the middle of the night to approve a bill that cancels all the federal funding for the network. Once the House passes

By John Towfighi, CNN New York (CNN) — Copper is at the core of the American economy. It’s in the wires of our pervasive electronics, in the walls of homes and in the engines of cars. Experts say President Donald Trump’s plan for tariffs on the red metal could stymy the goal of boosting American

By Samantha Delouya, CNN (CNN) — Joe Dalesandro didn’t expect to keep his mortgage rate at 6.99% for very long when he purchased a new home with his girlfriend last summer in Myrtle Beach, South Carolina. He’d refinance soon, he reasoned. He was wrong. “We always thought they would go down, and fairly quickly,” Dalesandro

By Jordan Valinsky, CNN New York (CNN) — Diageo, the world’s biggest spirits maker, announced Wednesday that CEO Debra Crew is stepping down by “mutual agreement” after just two years in the role. The abrupt change comes amid sluggish sales across the alcohol industry, which has also affected Diageo brands Johnnie Walker whiskey, Casamigos tequila

By Alicia Wallace, CNN (CNN) — US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in the cost of goods. The Producer Price Index, which measures

By Brian Stelter, CNN (CNN) — PBS and NPR stations are on the verge of losing the federal funding that has helped keep them on the air for decades. The Senate is preparing to vote on a rare measure called a “rescission,” which would claw back money that was already budgeted by Congress, including nearly

By Clare Duffy, CNN New York (CNN) — For Silicon Valley giants, getting ahead in the artificial intelligence race requires more than building the biggest, most capable models; they’re also competing to get third-party developers to build new applications based on their technology. Now, Meta is teaming up with Amazon’s cloud computing unit, Amazon Web

By Tami Luhby, CNN (CNN) — Battered by multiple years of high health care costs, employers are planning to shift more of the expense to workers in 2026, a new survey released Wednesday found. Just over half of employers are planning to adjust their health insurance offerings to increase staffers’ share of the cost, such

By John Liu, CNN (CNN) — The United States has launched an investigation into “unfair” trading practices by Brazil, escalating President Donald Trump’s spat with the world’s 10th-largest economy over issues including the criminal case against its former President Jair Bolsonaro. The investigation will focus on digital trade and electronic payment services, preferential tariffs, and

By Ramishah Maruf and Bryan Mena, CNN CNN (CNN) — President Donald Trump suggested that a $2.5 billion renovation plan at the Federal Reserve might be sufficient cause to fire Fed Chair Jerome Powell, an escalation of his recent attacks against the central banker. “I think he’s terrible… But the one thing I didn’t see

By Brian Stelter and Andrew Kirell, CNN (CNN) — Fall in line, or keep fighting for answers? That’s the rift in right-wing media now. Fox News has taken President Trump’s plea for his allies to stop talking about Jeffrey Epstein almost literally. But many other conservative media influencers and outlets are still heavily scrutinizing the

By Elisabeth Buchwald, CNN Washington (CNN) — President Donald Trump said Tuesday the United States has reached a trade agreement with Indonesia, after negotiations Jakarta described as an “extraordinary struggle.” The deal will see the US impose a 19% tariff on Indonesia’s exports, a reduction from the 32% Trump had initially threatened to impose on

By Chris Isidore, CNN (CNN) — Tesla has started selling cars in India, the world’s most populous country – but at a hefty price tag. Tesla, which is facing slumping sales and complications from CEO Elon Musk’s political entanglements, opened its first showroom in Mumbai on Tuesday. The company needs to boost its sales, and