Money

By Matt Egan, CNN New York (CNN) — Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion. The cost to lower-income families is magnified because economists say essentials like food, energy and auto parts are most exposed to the import tariffs Trump has threatened to

By Elisabeth Buchwald, CNN New York (CNN) — Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest trading partners — Mexico, China and Canada — on Tuesday. These tariffs risk making a wide

CNN By Simone McCarthy, CNN Hong Kong (CNN) — Beijing announced a broad package of economic measures targeting the United States on Tuesday, hitting back after US President Donald Trump imposed 10% tariffs on Chinese imports. The fresh duties, announced by China’s Ministry of Finance, levy a 15% tax on certain types of coal and

By Samantha Delouya, CNN (CNN) — State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month. In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it

By Clare Duffy, CNN New York (CNN) — President Donald Trump said Monday that TikTok could be acquired by a newly proposed US sovereign wealth fund. The statement was light on details, but Trump said that TikTok could be “put in” the possible sovereign wealth fund, to preserve access to the popular short-form video app

By Matthew Kaufman, CNN (CNN) — Baby food maker Gerber has recalled and discontinued its “Soothe N Chew” teething sticks because the product could pose a potential choking hazard for babies and toddlers. Nestle USA, the parent company of Gerber, issued the recall Friday after receiving reports of “choking incidents,” according to a news release.

By Brian Stelter, CNN (CNN) — The Trump administration’s request for the raw material of a “60 Minutes” segment is raising red flags across the media industry. The segment in question is last October’s interview with then-Vice President Kamala Harris. President Trump sued CBS in a federal court alleging that the interview was deceptively “doctored”

By Jordan Valinsky, CNN New York (CNN) — The Kansas City Chiefs might make history this weekend, but ticket prices aren’t reflecting that. The cheapest ticket for Super Bowl LIX in New Orleans has fallen below $4,000 on the secondary market, according to reseller TickPick, marking a 30% decline over the past week — and

By Chris Isidore, CNN New York (CNN) — The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen. Tariffs on US imports from Canada and Mexico were announced Saturday by

By Nathaniel Meyersohn and Eva McKend, CNN New York (CNN) — Target was one of corporate America’s most forceful supporters of diversity and inclusion initiatives and vowed to support Black Americans in the aftermath of George Floyd’s murder by police in Target’s home city of Minneapolis in 2020. But less than five years later, Target

By Ross Adkin and Olesya Dmitracova, CNN Hong Kong/London (CNN) — Stock markets in Asia and Europe slumped Monday after Donald Trump slapped tariffs on Canada, Mexico and China, sparking fears over another bruising ‘America First’ trade war that could hit global economic growth. US stocks were also set for a selloff, based on falls

By Auzinea Bacon, CNN (CNN) — US stock market futures plunged Sunday, one day after President Donald Trump announced 25% tariffs on Canada and Mexico and 10% tariffs on China set to go into effect on Tuesday. Dow futures were down 1.4%, or over 600 points, while S&P 500 futures dropped 1.9%. The futures traded

By Ramishah Maruf, CNN New York (CNN) — When the world is in turmoil, it’s easy to impulse buy. The sentiment has long been pushed on social media — a quick run to HomeGoods or Target, clicking an Amazon affiliate link, or just keeping up with the latest item drops. Many Americans, especially female content

CNN By Chris Isidore, CNN New York (CNN) — The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen. Tariffs on US imports from Canada and Mexico were announced Saturday

By Alicia Wallace and Elisabeth Buchwald, CNN (CNN) — On Saturday, President Donald Trump made good on his promise to impose steep tariffs on America’s three largest trading partners — Canada, China and Mexico — citing a national emergency on the flow of fentanyl and undocumented immigrants into the United States. The action, which is

By Auzinea Bacon and Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. Chopra received an email from the White House on Saturday morning informing him of the firing, a source familiar with the matter told CNN. Chopra, who has been targeted

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — A threatened strike at 56 Costco stores across six states has been averted for now, as the company and negotiators for the Teamsters union, representing 18,000 workers, reached an 11th hour tentative agreement, the union told CNN early Saturday morning. Full terms of the

By Brian Stelter, CNN (CNN) — One America News Network would soon replace NBC News and Breitbart would swap with National Public Radio in coveted Pentagon press corps workspace under a plan shared with journalists Friday night. In what the Pentagon is calling a new “annual media rotation program,” The New York Post will also

By Elisabeth Buchwald and Clare Duffy, CNN New York (CNN) — Trump Media & Technology Group this week awarded its directors blocks of shares currently worth just over $825,000. The directors include two of President Donald Trump’s key nominees to serve in his administration; however, Kash Patel told Congress in a questionnaire as part of