CNN – Business/Consumer

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump and other heads of state are set to gather in Canada for the annual G7 summit just days after Israel’s unprecedented strike on Iran. Ordinarily, such a development would dominate the high-level discussions, but this time around, world leaders will likely need to also focus on

By Auzinea Bacon, CNN (CNN) — A nonprofit led by Anne Wojcicki, the co-founder and former chief executive of 23andMe, won a bid to acquire the genetic testing company following its bankruptcy filing in March. Wojcicki’s California-based nonprofit, TTAM Research Institute, will purchase 23andMe for $305 million, according to a news release on Friday. It’s

By Brian Stelter, CNN (CNN) — Several dozen sidelined Voice of America staffers have suddenly been called back to work as the Israel-Iran conflict escalates. It is a dramatic turn of events for the American government-funded broadcasting system that was shut down by the Trump administration in March. Steve Herman, who has been VOA’s chief

By Luciana Lopez and Chris Isidore, CNN (CNN) — President Donald Trump has approved a partnership between US Steel and Nippon Steel, the companies said in a release on Friday. “We look forward to putting our commitments into action to make American steelmaking and manufacturing great again,” the companies said in a statement. The steelmakers

By Matt Egan, CNN New York (CNN) — Israel’s unprecedented attack on Iran raises the specter of sharply higher gasoline prices, just as the summer driving season heats up. Up until now, pump prices had been low and stable. Relatively cheap gas prices have helped drive down inflation and offset consumer concerns about sky-high tariffs.

By Bryan Mena, CNN Washington (CNN) — Americans have gained some hope that the worst of President Donald Trump’s volatile trade war might be in the rearview mirror. Consumer sentiment surged 16% this month to a preliminary reading of 60.5, the University of Michigan said in its latest survey released Friday. That was the first

By David Goldman, CNN (CNN) — The Trump administration will soon ensure that its 50% steel tariffs, which have threatened to make everything containing steel more expensive, will apply to your next fridge or dishwasher. The Commerce Department, in a notice set to be published in the federal register Monday, said the recently increased steel

By Nathaniel Meyersohn and Vanessa Yurkevich, CNN New York (CNN) — In the early morning on Tuesday, Immigration and Customs Enforcement (ICE) agents chased farmworkers through a field in Oxnard, California. Agents tackled and restrained workers amid rows of produce, as seen in video from CNN affiliate KABC. “What I fear is that sometimes, out

By Jeanne Sahadi, CNN (CNN) — Chances are very good that your 401(k) does not currently offer you access to private equity investments, which, as the name implies, are investments in companies that are not publicly traded. The question is, will that change in the next few years? And, if it does, is it worth

By John Liu, Matt Egan and John Towfighi, CNN Hong Kong/New York (CNN) — Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region. The price of oil surged Friday in the market’s largest

By Lisa Eadicicco, CNN (CNN) — Multiple popular online services were hit by outages on Thursday afternoon, including Spotify, Discord and Google, according to Downdetector, a website that tracks service disruptions across the web. Downdetector also reported issues at Amazon Web Services, but the company says it was operating normally on Thursday. The disruptions came

By Jordan Valinsky, CNN New York (CNN) — From beer to fast food, nothing is safe from pickles. And now, the sweet and sour taste is entering a new frontier: Ramen. Intant ramen maker Cup Noodles is releasing a new dill pickle version, which combines the flavors of the noodles with the tangy and sour

By Clare Duffy, CNN New York (CNN) — Meta is suing the Hong Kong-based maker of the app CrushAI, a platform capable of creating sexually explicit deepfakes, claiming that it repeatedly circumvented the social media company’s rules to purchase ads. The suit is part of what Meta (META) described as a wider effort to crack

By John Towfighi, CNN New York (CNN) — Wall Street breathed a sigh of relief Thursday after a key bond auction eased concerns that the US economy might be falling out of favor with investors. Bonds rallied after an auction for US government bonds saw relatively strong demand. The Treasury on Thursday sold $22 billion

By Brian Stelter, CNN (CNN) — Richard Nixon tried. Ronald Reagan tried. President Donald Trump tried during his first term in office. All three Republican presidents wanted to strip taxpayer support for PBS and NPR stations. But all three men were stymied by Congress. This time is different, though. Trump, emboldened in his second term,

By Alicia Wallace, CNN (CNN) — US wholesale inflation rose slightly in May, driven in part by costlier goods; however, tariff-related effects were largely muted. The latest Producer Price Index, a closely watched measurement of wholesale inflation, showed that prices paid to producers rose 0.1% in May, lifting the annual rate to 2.6%, according to

By Anna Cooban, CNN London (CNN) — Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount. Gross domestic product contracted by an estimated 0.3% that month – after expanding 0.2% in March