CNN – Business/Consumer

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