CNN – Business/Consumer

By Bryan Mena and Elisabeth Buchwald, CNN Washington/New York (CNN) — President Donald Trump on Thursday again made clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker’s “termination can’t come fast enough” and saying in an Oval Office event that Powell will “be out of there

By Kathleen Magramo and Anna Cooban, CNN (CNN) — The United States has unveiled plans to impose new port fees on Chinese ships, saying it aims to revive American shipbuilding against China’s dominance in the industry. President Donald Trump has embarked on a sweeping trade war with China, a move his administration portrays as a

By Samantha Delouya, CNN (CNN) — Springtime home shoppers may be feeling the impact of an intensifying trade war. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week ending April 17, up from 6.62% a week ago, mortgage financing provider Freddie Mac said Thursday. That’s the largest one-week jump in

By Brian Fung and Clare Duffy, CNN New York (CNN) — Google has illegally built “monopoly power” with its web advertising business, a federal judge in Virginia has ruled, siding with the Justice Department in a landmark case against the tech giant that could reshape the basic economics of running a modern website. The ruling

By Chris Isidore, CNN (CNN) — Ford is warning its dealers that tariffs will likely raise prices in the coming months, the latest impact the import taxes will have on Americans’ finances. President Donald Trump’s 25% tariffs on all imported cars went into effect April 3. In a memo to Ford dealers first reported by

By John Towfighi, CNN New York (CNN) — US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell. Stocks initially wavered Thursday morning after Trump called for Powell’s “termination” for not cutting interest

By Jordan Valinsky, CNN New York (CNN) — When Coca-Cola fully took control of BodyArmor in 2021 in a $5.6 billion deal, the company had the goal of it “becoming the #1 global sports drink,” toppling PepsiCo’s Gatorade from its top-selling position. About four years later, BodyArmor remains stuck behind rival Gatorade and sister brand

By Anna Cooban, CNN London (CNN) — The European Central Bank cut its main interest rate by a quarter of a percentage point Thursday, citing growing trade tensions after US President Donald Trump’s tariffs sparked a global trade war. While the 20 countries that use the euro have built up “resilience against global shocks,” the

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his “termination” for not cutting interest rates quickly enough. His comments come one day after the central bank chief delivered a stark warning about the effect of Trump’s sweeping tariffs on

By Jordan Valinsky, CNN New York (CNN) — Taco Bell is bringing back crispy chicken nuggets — and this time the chain promises there won’t be a near-instant sell out. Beginning April 24, chicken nuggets return to Taco Bell nationwide for an eight-week run. However, the company is exclusively revealing to CNN that the nuggets

By Matthew Kaufman, CNN New York (CNN) — Tens of thousands of people likely got a break from their afternoon meetings on Wednesday when Zoom outages prevented users from joining meetings and accessing the website. Disruptions peaked shortly after 3 p.m. ET, and service appeared to be mostly restored roughly two hours later, according to

By John Towfighi, CNN New York (CNN) — US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.” The Dow tumbled 700 points, or 1.73%. The broader S&P 500 fell 2.24%. The tech-heavy Nasdaq Composite tumbled 3.07%. “The

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday. “These are very fundamental policy changes,” Powell said at an event hosted by the Economic Club of Chicago. “There isn’t

By Lisa Eadicicco, CNN New York (CNN) — Those shopping for a new smartphone or computer may be spared from tariff-induced sticker shock. At least, for now. President Donald Trump issued a memorandum on April 11 saying certain electronics — including computers, smartphones and some components — won’t be subject to the reciprocal tariffs imposed

By Anna Cooban, CNN London (CNN) — President Donald Trump’s global trade war will hurt economies around the world this year, including the US, according to a new report by the World Trade Organization. The WTO projects global economies will grow more slowly than they would without tariffs — and that will be especially the

By Jordan Valinsky, CNN New York (CNN) — The collapse of Party City is giving Michaels an opportunity to expand its selection of balloons and other celebration-themed supplies. Michaels, the retailer best known for selling arts and crafts supplies, announced Tuesday that it’s expanding its party supply offerings with the addition of 300 new balloon

By Brian Stelter, CNN (CNN) — America’s two biggest public broadcasters, PBS and NPR, are facing an up-or-down vote over their federal funding for the first time in decades. The Trump administration sees it as a worthwhile cultural fight, casting PBS and NPR as wastes of money that “spread radical, woke propaganda disguised as ‘news’”

By Tami Luhby, CNN (CNN) — President Donald Trump’s promise to impose tariffs on pharmaceutical imports is raising red flags among generic drugmakers and industry experts, who warn that such a move could lead to increased drug shortages and higher prices. Generic drug manufacturers have had to contend with increasing competition and tight profit margins