CNN – Business/Consumer

By Jordan Valinsky, CNN New York (CNN) — Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the activewear giant announced Thursday. The tariffs “represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer on a call with analysts, adding that

By Brian Stelter, CNN (CNN) — President Trump has ratcheted up his rhetorical battle over recent US airstrikes in Iran by having an attorney send legal letters to CNN and The New York Times demanding retractions of their reports. On Thursday evening a CNN spokesperson confirmed that the network responded to the letter by rejecting

CNN By Nathaniel Meyersohn. Video by Maya Blackstone, CNN New York (CNN) — Over the last few years, Starbucks pulled out 30,000 comfortable seats, installed hard wooden stools, blocked electrical outlets and turned stores into takeout counters for customers picking up orders off its mobile app. The changes backfired and customers left for local coffee

By John Liu and Simone McCarthy, CNN Hong Kong (CNN) — China on Friday signaled it would approve the export of rare earth minerals to the US, hours after White House officials said the two sides had reached a deal, in what would be a major breakthrough following weeks of negotiations over US access to

By James Frater and Ramishah Maruf, CNN (CNN) — Some European Union leaders discussed a rethinking of the World Trade Organization, the entity at the center of the global trading system, at the European Council meeting on Thursday night in Brussels. “If the WTO continues to be incapable of working,” German Federal Chancellor Friedrich Merz

By Chris Isidore, CNN (CNN) — It was horrifying enough for anyone when a door plug popped off an Alaska Airlines flight at more than 16,000 feet last year, causing an explosive decompression. But one mother’s nightmare was particularly acute, as she thought she lost her baby out of the gaping hole in the side

By Brian Stelter and Liam Reilly, CNN (CNN) — Bill Moyers, a former press secretary to President Lyndon B. Johnson who turned into a longtime broadcast journalist and champion of public media, has died at age 91, his family confirmed to CNN. The acclaimed journalist’s son, William Moyers, said he died of complications from a

By Alicia Wallace, CNN (CNN) — Some of President Donald Trump’s steepest tariffs are on products like washing machines, and on Thursday, GE Appliances said it would spend a half a billion dollars to make even more of them in the United States. Tariffs, however, weren’t the driving factor behind the decision, the company’s CEO

By Lisa Eadicicco and Hadas Gold, CNN New York (CNN) — Trump Mobile, the wireless service provider and phone company launched by the Trump Organization, no longer promises on its website that its upcoming smartphone will be made in America. The company adjusted language on its website on or around June 22 to drop the

By John Towfighi, CNN New York (CNN) — The S&P 500 on Thursday flirted with closing at an all-time high, vying to complete a whirlwind roundtrip that saw the benchmark US stock index shed and then regain roughly $9.8 trillion in market value across just four months. The S&P 500 has been on a roller

By Bryan Mena, CNN Washington (CNN) — A deluge of economic data released Thursday should have provided a clearer picture of how the US economy is faring in the face of President Donald Trump’s massive policy shifts. But the latest numbers were a mixed bag, leaving economists still scratching their heads. Gross domestic product, the

By Clare Duffy, CNN New York (CNN) — A measure tucked in President Donald Trump’s sweeping domestic policy bill making its way through Congress would effectively block states from enforcing artificial intelligence-related regulations for the next decade, a rule that’s alarming some followers of the tech world. The proposed moratorium comes as AI extends into

By Matt Egan, CNN New York (CNN) — In the weeks before last fall’s election, shares of Trump Media & Technology Group spiked as traders bet Donald Trump would return to the White House and make Truth Social the platform for presidential communications. Those wagers proved prophetic – if not lucrative. Voters did return Trump

By Samantha Delouya, CNN (CNN) — Homebuyers in the US may soon be able to use cryptocurrency assets to strengthen their mortgage application, according to Bill Pulte, who oversees housing giants Fannie Mae and Freddie Mac. “After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of

By Ramishah Maruf and Matt Egan, CNN New York (CNN) — Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over rival company BP. “This is further market speculation. No talks are taking place,” the company said in a statement Wednesday. An agreement between the two

By Matt Egan, CNN (CNN) — President Donald Trump stepped up attacks on his handpicked Federal Reserve chairman on Wednesday, claiming Jerome Powell has “low IQ” and suggested that he has narrowed down the list of potential replacements to three or four people. “He’s an average mentally person…Low IQ for what he does,” Trump said

By Jordan Valinsky, CNN New York (CNN) — Bumble, the beleaguered dating app whose stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce. The company announced in a regulatory filing Wednesday that the layoffs amount to 240 positions and will save Bumble $40 million annually. The