CNN – Business/Consumer

By Chris Isidore, CNN (CNN) — President Donald Trump traveled to Pittsburgh Friday to celebrate a deal he once vowed to oppose – Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel. “We’re going to be so successful. You have just, you have just started, you watch, we’re here today to

By Bryan Mena, CNN Washington (CNN) — Americans didn’t feel any sense of optimism about the US economy this month, despite tensions easing somewhat in President Donald Trump’s ever-evolving trade war. Consumer sentiment held steady in May compared to the prior month at a final reading of 52.2, the University of Michigan said in its

By John Towfighi, CNN New York (CNN) — US stocks closed out a wild month with a whimper as tariff jitters returned to Wall Street. Stocks bounced around in a choppy trading session on Friday after President Donald Trump said China has “totally violated” its trade agreement with the United States — without specifying details

By Alicia Wallace, CNN (CNN) — American consumers reined in their spending and socked away their money in April following a tariff-fueled buying binge the month before, according to new data released Friday that also showed inflation cooled off again. Friday’s report from the Commerce Department showed that consumer spending rose 0.2% last month, a

By Issy Ronald, CNN (CNN) — Haribo is recalling bags of its fizzy cola bottles in the Netherlands after cannabis was found in some of them. Authorities began investigating when several people, including children, became unwell after eating candy from one-kilo (2.2-pound) bags of Haribo Happy Cola F!ZZ, the Netherlands Food and Consumer Product Safety

By Vanessa Yurkevich, CNN (CNN) — US ports have been seeing pandemic-level declines in imports, so good news on tariffs was just what port officials were hoping for. For awhile on Wednesday, it looked like retailers and ports got exactly that, with a court blocking many of President Donald Trump’s tariffs. But a federal appeals

CNN, POOL, TRUTH SOCIAL, @REALDONALDTRUMP, Truth Social/@realDonaldTrump By Vanessa Yurkevich, CNN (CNN) — US ports have been seeing pandemic-level declines in imports, so good news on tariffs was just what port officials were hoping for. For awhile on Wednesday, it looked like retailers and ports got exactly that, with a court blocking many of President

By Ramishah Maruf, CNN CNN (CNN) — Academics and economists have long warned that rapidly advancing artificial intelligence will wipe out jobs and upend the global economy. Now that call is coming from inside the house. On Thursday, Anthropic CEO Dario Amodei warned on CNN that the technology will spike unemployment sooner than political leaders

By Clare Duffy, CNN New York (CNN) — The chief executive of one of the world’s leading artificial intelligence labs is warning that the technology could cause a dramatic spike in unemployment in the very near future. He says policymakers and corporate leaders aren’t ready for it. “AI is starting to get better than humans

CNN By Ramishah Maruf, CNN CNN (CNN) — Academics and economists have long warned that rapidly advancing artificial intelligence will wipe out jobs and upend the global economy. Now that call is coming from inside the house. On Thursday, Anthropic CEO Dario Amodei warned on CNN that the technology will spike unemployment sooner than political

By Nathaniel Meyersohn, CNN New York (CNN) — Tariffs are slamming Gap. Gap said Thursday that if President Donald Trump’s 30% tariffs on China and 10% duties on most imports from other countries remain at current levels, it could cost the company $100 million to $150 million this year. Gap (GAP) stock plunged 15% during

By Alexandra Skores, CNN Washington (CNN) — After a series of air traffic control outages, short staffing, and runway construction caused repeated days of delays and cancelations at Newark Liberty International Airport it’ll be the cheapest summer to fly there in United Airlines’ history, according to the airline’s CEO. “Because we lost a lot of

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation. But a federal court’s ruling late Wednesday that found

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Thursday met with Federal Reserve Chair Jerome Powell for the first time in his second term, scolding him for not lowering borrowing costs. Powell maintained that any decisions won’t be based on the president’s demands. The meeting, which comes after months of unrelenting attacks

By Liam Reilly, CNN (CNN) — The New York Times on Thursday announced that it will license content from across its newsroom to train Amazon AI models. Under the multi-year deal, Amazon’s AI services like Alexa will be able to use Times content, including from NYT Cooking and sports website The Athletic, to produce summaries

By Jordan Valinsky, CNN New York (CNN) — Starbucks is changing one of the most generous parts of its loyalty program, marking the latest effort by CEO Brian Niccol to boost profits. Beginning June 24, the coffee chain is eliminating the 25-star bonus for customers that bring in a personal, reusable cup for drink orders.

By Bryan Mena, CNN Washington (CNN) — The US economy shrank slightly less in the beginning of the year than previously reported, new data shows, but it was still the first quarterly decline since 2022, in a sign of how President Donald Trump’s chaotic and aggressive tariff regime is affecting American consumers and businesses. Gross

By Samantha Delouya, CNN (CNN) — After years of bidding wars and climbing home prices, the balance of power in the housing market may finally be shifting. Home sellers now vastly outnumber buyers in the US, according to an analysis released Thursday from real estate company Redfin. The report found that there were nearly 500,000

By David Goldman, John Towfighi and Alicia Wallace, CNN New York (CNN) — Stocks edged higher on Thursday as Wall Street assessed the outlook for President Donald Trump’s tariff agenda, which remains in limbo as federal courts deliberate its legality. The Dow closed higher by 117 points, or 0.28%, after fluctuating throughout the day. The