CNN – Business/Consumer

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced on Monday he is raising tariffs on goods from South Korea to 25% from 15%. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS,

By Nathaniel Meyersohn, CNN New York (CNN) — Corporate giants in the Twin Cities stayed silent, publicly, for more than a month as massive federal immigration operations upended daily life and the local economy. Top Minnesota CEOs and business leaders had held phone calls about how to respond. Instead of going public, they settled on

By Lianne Kolirin, CNN London (CNN) — The European Union has launched a wide-reaching investigation into Elon Musk’s Grok chatbot on X following global outrage over its ability to generate sexually explicit images, including of children. The scandal erupted at the end of last year when the AI chatbot churned out a barrage of digitally

By Clare Duffy, CNN Los Angeles (CNN) — For years, social media giants have argued against claims that their platforms harm young people’s mental health. Starting Tuesday, they will for the first time have to defend against those claims before a jury in a court of law. A 19-year-old, identified as KGM, and her mother,

By Jordan Valinsky, CNN New York (CNN) — Move over, protein. Fiber is on pace to be the next “it” nutrient of the year. Consumers — particularly Gen Z — are fixated on stomach health, leading to the “fibermaxxing” trend taking hold on TikTok. As people try to maximize the fiber in their meals, major

By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday threatened to slap 100% tariffs on Canadian imports if America’s second-biggest trading partner makes a trade deal with China. The comments threaten to deepen the divide between Trump and Canadian Prime Minister Mark Carney, after back-and-forth threats to impose tariffs on Canadian goods, including

By Matt Egan, CNN New York (CNN) — Three Democratic senators are sounding the alarm about lucrative contracts and loans the Pentagon provided to companies linked to Donald Trump Jr. In a letter sent Thursday to Secretary of Defense Pete Hegseth, the lawmakers – Sens. Elizabeth Warren, Andy Kim and Richard Blumenthal – requested information

By Clare Duffy, CNN New York (CNN) — The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according to the company, one day before the deadline set by President Donald Trump for the app’s US assets to be spun off by Chinese parent company ByteDance. The transaction’s

CNN By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the

By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the bank

By Matt Egan, Chris Isidore, CNN New York (CNN) — Severe winter weather warnings have fueled extreme price hikes in the notoriously-volatile natural gas market. The contracts for near-term US natural gas futures have skyrocketed more than 70% so far this week, according to FactSet data. That leaves natural gas on track for the biggest

By Alicia Wallace, CNN (CNN) — Consumers continued to ramp up their spending as the holiday shopping season kicked into high gear in November, but inflation continued to bite, new data showed Thursday. A shutdown-delayed report from the Commerce Department showed that spending rose 0.5% from October, above economists’ expectations for a 0.4% gain. Notably,

By Clare Duffy, Hadas Gold, CNN New York (CNN) — Elizabeth Holmes, the disgraced Theranos CEO, has asked President Donald Trump for an early release from prison after being convicted of defrauding investors, according to a request filed last year with the Department of Justice. Holmes was convicted in 2022 and reported to a federal

By Chris Isidore, Matt Egan, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon limited his criticism of President Donald Trump in a question-and-answer session at Davos on Wednesday – with one notable exception. Trump’s plan for a 10% cap on credit card interest rates, Dimon said, “would be an economic disaster.” Speaking at the at