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By Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump is eyeing a “25% or higher” tariff on all semiconductor chips the United States imports, with rates likely to “go very substantially higher over a course of a year,” he told reporters on Tuesday. Unlike cars and pharmaceuticals — which Trump said would soon

By Samantha Delouya, CNN (CNN) — In pricey Los Angeles, where single-family homes under $1 million are hard to come by, even destructive fires haven’t deterred willing buyers. This month, a burned lot in affluent Pacific Palisades sold for nearly $1.2 million — hundreds of thousands over its asking price — despite the land remaining

By Vanessa Yurkevich, CNN New York (CNN) — America’s egg shortage has led US businesses to turn to Turkey. Not the bird, the country. Turkey plans to export 420 million eggs to the United States this year, the most ever, according to the Egg Producers Central Union in Turkey. The ramped-up exports come as avian

By Auzinea Bacon, CNN (CNN) — Joy Reid will host her final evening news show with MSNBC this week as part of a slate of programming changes by Rebecca Kutler, the network’s new president, sources familiar with the matter told CNN. According to sources, Kutler plans to replace “The ReidOut,” which has aired at 7

By Bryan Mena, CNN Washington (CNN) — Fluctuating egg prices aren’t anything new for Scott Auslander, general manager of Bread Furst, a bakery in Washington, DC. But this time is different, he told CNN. “Our suppliers are telling us that they don’t know when egg prices are going to come down — or if they’re

By Auzinea Bacon, CNN (CNN) — A sharp hike in the price of luxury goods in recent years has cost some brands a key group of customers. About 50 million customers were sidelined from the luxury goods market by 2024 as prices climbed roughly 20% since 2021, according to Aaron Cheris, a partner and head

By Ramishah Maruf, CNN New York (CNN) — It can be nerve-wracking to fly right now. Just this month, the collision of an American Airlines plane and a US Army helicopter killed 67 people in Washington, DC, and a Delta Airlines flight crash-landed in Toronto. In 2024, the year started off with a door panel

By David Goldman, CNN (CNN) — US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump’s tariffs could reignite the inflation crisis. The Dow Jones Industrial Average fell 748 points, or 1.7%. The broader S&P 500 also sank 1.7% and

By David Goldman and Robert Ilich, CNN (CNN) — Coinbase, America’s largest cryptocurrency exchange, said Friday that the Trump administration has agreed to drop a major lawsuit that would have broad ramifications for the crypto industry. It comes as the new Trump administration has promised to deregulate digital currencies like bitcoin. The Securities and Exchange

By Amarachi Orie, CNN (CNN) — Australia’s longest-running soap opera “Neighbours” has been canceled. Again. “We are sad to announce that Neighbours will be resting from December 2025,” read a statement from the show, first aired in 1985, posted on social media. “New episodes from the 40th-anniversary season will continue to air on Prime Video

By Bryan Mena, CNN Washington (CNN) — Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. But no matter who Trump blames for inflation, America’s economic mood is now souring — and Trump is getting the heat for it. The University of Michigan’s latest survey, released Friday,

By Anna Cooban, CNN London (CNN) — A stark new reality in Europe — that its long-time ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster ramp-up in military spending on the continent. And in anticipation of higher revenues

By Chris Isidore, CNN New York (CNN) — President Donald Trump said he’s looking to change the US Postal service, including giving the Secretary of Commerce authority over what has been an independent organization for more than 50 years. It’s a move that could be a first step towards privatization that could upend how Americans

By Ramishah Maruf, CNN New York (CNN) — Oh, Spirit. Travelers frequently bemoan the ultra-budget airline’s tiny seats, frequent delays, baggage fees, and lack of complementary snack and drinks. People love meme-ing the carrier, at the bare-minimum treatment on Spirit’s distinctive yellow planes. But online, the tides have been turning in favor of the company

By Chris Isidore, CNN New York (CNN) — Boeing has had six years of production problems, safety issues, delivery delays and unhappy buyers of its aircraft. But President Donald Trump’s anger at the delays for the next generation of Air Force One jets could result in a huge blow to what remains of the company’s

By Nathaniel Meyersohn, CNN New York (CNN) — Target was sued Thursday by Florida and America First Legal for allegedly concealing the financial risks of its diversity, equity and inclusion (DEI) programs and its 2023 Pride Month merchandise collection. The lawsuit was brought by Florida Attorney General James Uthmeier, a Republican, and America First Legal,

By John Liu, CNN Hong Kong (CNN) — Apple offered the latest version of its budget friendly phone for pre-sale in key markets on Friday, in an effort to woo price-sensitive customers in countries like China and India. The launch of the iPhone 16e, which costs $599 and is equipped with artificial intelligence, came in