Money

By Samantha Delouya, CNN (CNN) — President Donald Trump on Wednesday said he soon planned to decide whether to privatize Fannie Mae and Freddie Mac, the government-sponsored entities that help provide stability and affordability to America’s home mortgage market. “I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” Trump posted

By Brian Stelter, CNN (CNN) — This is an epic — pardon the pun — week for Comcast and the wider media business. Epic Universe, the first major new theme park in the US in 20-plus years, is opening in Orlando, Florida, on Thursday. Fans are expected to camp out overnight ahead of the official

By John Towfighi, CNN New York (CNN) — Stocks, bonds and the dollar fell on Wednesday as concerns mount about the premier status of American assets. The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their

By Nathaniel Meyersohn, CNN New York (CNN) — Target was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs. The company said Wednesday that sales fell last quarter, driven in part by customer backlash to Target’s reversal on diversity, equity and inclusion (DEI) programs. Target also

CNN, FAA ORDER, NLIA By Chris Isidore, CNN (CNN) — Summer’s usually a boom time for airlines. This year could change that. Airlines began 2025 projecting strong growth. But since then, one issue after another has cut into passenger demand. Air traffic control problems are causing flight delays and cancellations, feeding into traveler worries over

By Chris Isidore, CNN (CNN) — Summer’s usually a boom time for airlines. This year could change that. Airlines began 2025 projecting strong growth. But since then, one issue after another has cut into passenger demand. Air traffic control problems are causing flight delays and cancellations, feeding into traveler worries over safety that began in

By Matt Egan, CNN New York (CNN) — Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam. The stunning increase in wealth amounts to a gain of roughly $1 billion per day for those billionaires. By contrast, the typical American

By Lisa Eadicicco, CNN (CNN) — The very basic meaning of what it means to ” Google” something – typing in keywords and sifting through links, images and information snippets is nearly behind us, according to Google. The search giant laid out its vision for the future of searching the web on Tuesday, introducing a

By Hadas Gold, CNN (CNN) — Elon Musk spent a record amount of money on the 2024 election to help get President Donald Trump elected. Now he says he’ll be pulling back. “In terms of political spending, I’m going to do a lot less in the future,” Musk told Bloomberg’s Mishal Husain at the Qatar

By Jordan Valinsky, CNN New York (CNN) — Elon Musk says he’ll be sticking around as CEO of Tesla for the next few years. During an interview Tuesday at Bloomberg’s Qatar Economic Forum in Doha, Musk was asked if he was committed to being the leader of Tesla for the next five years, and he

By Jeanne Sahadi and Tami Luhby, CNN (CNN) — Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House Republicans’ passing “one big, beautiful bill” that reflects President Donald

By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot plans to keep most of its prices stable, despite President Donald Trump’s tariffs driving costs up. But tariffs may cause Home Depot to increase prices on select items and eliminate some product lines entirely. “We don’t see broad based price increases for our customers at

By Elisabeth Buchwald, CNN (CNN) — After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other. Moody’s Ratings said problematic debt levels far outpacing government revenue led to the downgrade. Now, it’s up to lawmakers on both sides to take actions to improve