Money

By Allison Morrow, CNN New York (CNN) — At a White House summit last week, Commerce Secretary Howard Lutnick spoke passionately about the Trump administration’s plans to embrace cryptocurrencies, a largely unregulated industry that has historically operated on the fringes of finance. “Technology is at the foundation of the Trump presidency,” Lutnick said, addressing two

By Alicia Wallace, CNN (CNN) — Americans just got some reassurances that inflation was slowing, and not reaccelerating, last month. The Producer Price Index, a wholesale inflation gauge that is being closely watched for tariff-related impacts, showed that price hikes slowed substantially in February. The PPI index was unchanged from January, and rose 3.2% for

By David Goldman, CNN (CNN) — President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand. In a post on Truth Social, Trump

By Clare Duffy, CNN New York (CNN) — Meta CEO Mark Zuckerberg told lawmakers in a congressional hearing last January that it didn’t make sense for his platforms to verify how old their users are in order to serve them age-appropriate experiences. Instead, that responsibility should lie with app stores, he said. Just over a

By John Liu and Juliana Liu, CNN Hong Kong (CNN) — Walmart is getting caught in the middle of an escalating trade war between the United States and China. Chinese officials confirmed on Thursday they had met with executives from the US retail giant, following a news report that it had pressured its suppliers in

By Samantha Delouya, CNN (CNN) — Two months ago, JPMorgan Chase CEO Jamie Dimon had a curt message for people protesting President Donald Trump’s tariff policy: “Get over it.”“Get over it.” But with stock markets lower and cracks appearing to form in the US economy, Dimon himself might not be over it. “I don’t think

By Clare Duffy, CNN New York (CNN) — Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals. The company announced Wednesday that it has named longtime tech investor and semiconductor industry executive Lip-Bu Tan

By Reuters (CNN) — The US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing “severe resource shortfalls in terms of both money and personnel.” Jonathan Cohen, an attorney for the FTC, told US District

By Bryan Mena and Kayla Tausche, CNN Washington (CNN) — Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting the economy. “The collective impact in the short run is that people are

By Liam Reilly, CNN New York (CNN) — Ruth Marcus, who recently resigned as a Washington Post columnist after four decades, said she parted ways with the paper following a spiked opinion piece on the paper’s billionaire owner because her job is to tell readers “what I think, not what Jeff Bezos thinks I should

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for

By Matt Egan and Jordan Valinsky, CNN New York (CNN) — The US spirits industry is bracing for pain after the European Union targeted American whiskey in retaliation against President Donald Trump’s steel and aluminum tariffs. The EU’s decision to spike tariffs on American whiskey to 50% is “deeply disappointing and will severely undercut the

By Jordan Valinsky, CNN New York (CNN) — Roomba’s parent company is warning that its future is on shaky ground, more than a year after a planned $1.7 billion acquisition by Amazon fell through. iRobot (IRBT), a maker of robotic vacuum cleaners, has “substantial doubt about the company’s ability to continue,” it revealed in its

By Alicia Wallace, CNN (CNN) — Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans. The Consumer Price Index, which measures price changes across commonly

By Nathaniel Meyersohn, CNN New York (CNN) — American consumers – and their wallets – are the engine of the economy. But they’re now showing the strain of inflation, President Donald Trump’s tariffs and a stock market plunge. That’s a problem because consumer spending accounts for roughly 70% of the US economy. Consumers proved resilient

By John Liu, CNN (CNN) — Elon Musk has secured a major win in India by signing two back-to-back deals to bring SpaceX’s Starlink satellite internet services to the country. The country’s top telecoms provider Reliance Jio, owned by Indian billionaire Mukesh Ambani, said on Wednesday it had inked a deal with SpaceX. “Jio will

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.