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By Anna Cooban, CNN London (CNN) — The European Union has fined Apple and Meta a combined €700 million ($797 million) in the first enforcement of its landmark digital competition law. The penalties for breaching the Digital Markets Act come amid attacks on the EU by the Trump administration for what it sees as the

By Chris Isidore, CNN (CNN) — Boeing’s problems the last six years have been legion. Tariffs could be yet another gut punch for the beleaguered company – and, given Boeing’s importance as the top US exporter, for the economy as a whole. Boeing’s jets could get millions of dollars more expensive if other countries impose

CNN By Liam Reilly, CNN (CNN) — Bill Owens, the executive producer for CBS News’ flagship “60 Minutes” program, announced he will resign from the top job on Tuesday, saying he no longer has control over the show. In a memo obtained by CNN, Owens said to “60 Minutes” staff that the last few months

CNN By Chris Isidore, CNN (CNN) — Elon Musk says he’s going back to Tesla. The question now is whether or not its too late to reverse the damage that’s been done. Musk told investors on Tuesday night he would step back from his role running the Department of Government Efficiency (DOGE) next month, spending

By Ramishah Maruf, Tori B. Powell and Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump said he had “no intention of firing” Federal Reserve Chair Jerome Powell on Tuesday. The message is a stark change from just a day earlier, when Trump called Powell a “major loser” in a Truth Social post and

By Liam Reilly, CNN (CNN) — A jury on Tuesday shot down Sarah Palin’s second bid against The New York Times, almost eight years after the former Alaska governor first filed her complaint. The verdict came less than a week after the trial began and two years after she lost her first case against the

By Chris Isidore, CNN (CNN) — Elon Musk says he’s coming back to Tesla, partly stepping away from his high profile and controversial Trump administration role that has been blamed for a plunge in profits and sales at the company. Musk told Tesla investors on Tuesday that he would scale back his efforts at Department

By Liam Reilly, CNN (CNN) — Bill Owens, the executive producer for CBS News’ flagship “60 Minutes” program, announced he will resign from the top job on Tuesday, saying he no longer has control over the show. In a memo obtained by CNN, Owens said to “60 Minutes” staff that the last few months have

By David Goldman, CNN (CNN) — Stocks are on the rebound Tuesday, bouncing back from another miserable day on Wall Street. But American financial markets are sounding all sorts of alarm bells that one day in the green can hardly overcome. That’s because investors have been sending a clear message: President Donald Trump’s trade war

By Olesya Dmitracova, CNN London (CNN) — President Donald Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday. Global economic growth will slow to 2.8% this year, from 3.3% last year and significantly

By John Towfighi and Matt Egan, CNN New York (CNN) — Treasury Secretary Scott Bessent told investors Tuesday that the US-China trade war is unsustainable and he expects the battle to de-escalate, a person familiar with the matter confirmed to CNN, giving a boost to a Wall Street rally that had taken shape this morning.

By Clare Duffy, CNN New York (CNN) — The impact of social media on young people’s mental health and well-being is a growing topic of concern among parents, educators, health care professionals and regulators. And now, nearly half of US teens say social media has a mostly negative effect on people their age — and

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays, the bankrupt casual dining chain, has only 85 restaurants left in the United States, according to its website. It’s a sharp decline of the once-iconic restaurant, which had about 270 US locations at the beginning of last year and has only seen its store count

By Lisa Eadicicco, CNN New York (CNN) — There’s a key difference between an iPhone and Samsung Galaxy phone that may matter now more than ever: One was likely assembled in China, while the other was probably produced in Vietnam, India or South Korea. Samsung, unlike Apple, doesn’t rely heavily on China for smartphone production,

By Elisabeth Buchwald, CNN New York (CNN) — Ever since President Donald Trump introduced his first round of new tariffs, it’s been a waiting game to see just how much they’ll impact the global economy. This week, one of the earliest signs was revealed — and it wasn’t pretty. South Korea’s Customs Service reported that

By Bryan Mena, CNN Washington (CNN) — President Donald Trump is running out of patience: He wants lower interest rates, a key part of his economic agenda. The only problem: America’s rate-setters don’t report to him. Trump over the past week has ripped into Federal Reserve Chair Jerome Powell for not lowering borrowing costs, threatening