Money

CNN, NBC, POOL, CNN|TIKTOK By John Liu, CNN (CNN) — US and Chinese officials have reached a framework agreement, averting a potentially ruinous 157% tariff on Chinese goods while paving the way for a potential trade deal to be discussed between President Donald Trump and Chinese leader Xi Jinping later this week. The apparent progress

By Auzinea Bacon, CNN (CNN) — US stock futures rose Sunday after US and Chinese representatives agreed on a framework for a trade deal, potentially averting a tariff hike to 157% on Chinese goods and as investors expect another interest rate cut from the Federal Reserve. Dow futures were up 0.65%, S&P 500 futures rose

By Ramishah Maruf, Matt Egan, CNN New York (CNN) — Even the joy of Halloween will cost more this year, with less chocolate than in years past. Expect more packages of tangy gummies, riding off a meteoric high last year. Your kid’s trick-or-treat bag may be filled with a lot of pumpkin-spice-filled-anything. And like last

CNN By Ramishah Maruf, Matt Egan, CNN New York (CNN) — Even the joy of Halloween will cost more this year, with less chocolate than in years past. Expect more packages of tangy gummies, riding off a meteoric high last year. Your kid’s trick-or-treat bag may be filled with a lot of pumpkin-spice-filled-anything. And like

By Bryan Mena, CNN Washington (CNN) — Hundreds of thousands of young Americans fresh out of college with a computer science degree have struggled to find a job over the past year. And their luck may not change anytime soon. The Federal Reserve began to lower interest rates last month to support the labor market

By Lisa Eadicicco, David Goldman, CNN (CNN) — A massive AWS outage Monday that brought down some of the world’s most popular apps and services all started with a glitch. The bug – which occurred when two automated systems were trying to update the same data simultaneously – snowballed into something significantly more serious that

By John Towfighi, CNN New York (CNN) — Better-than-expected inflation data Friday morning sparked an end-of-week rally in stocks, sending the Dow, S&P 500 and tech-heavy Nasdaq Composite soaring to fresh record highs. The Dow gained 473 points, or 1.01%, and closed at 47,207.12. The blue-chip index closed above 47,000 for the first time ever.

By Alicia Wallace, CNN (CNN) — Here’s a rundown of what got more expensive in September’s Consumer Price Index report — as well as a couple of key areas where consumers are seeing relief. But first, a caveat: Monthly data can be quite volatile — and that could be even more volatile amid federal cuts

CNN By David Goldman, CNN New York (CNN) — President Donald Trump has canceled trade negotiations with Canada over what he called a “fake” ad that featured parts of an anti-tariff speech delivered by conservative hero and former President Ronald Reagan. The Ronald Reagan Presidential Foundation & Institute also said the ad misrepresented the former

By Alicia Wallace, CNN (CNN) — The cost of living got even more expensive for Americans last month, with prices rising at the fastest pace since the start of the year. Consumer prices rose 0.3% in September, which drove the annual rate of inflation from 2.9% to 3%, the highest it’s been since January, according

By David Goldman, CNN New York (CNN) — President Donald Trump has canceled trade negotiations with Canada over what he called a “fake” ad that featured parts of an anti-tariff speech delivered by conservative hero and former President Ronald Reagan. The Ronald Reagan Presidential Foundation & Institute also said the ad misrepresented the former president’s

By John Liu, CNN Hong Kong (CNN) — US and Chinese officials are set to convene another round of trade negotiations in Malaysia this weekend, as the two rival powers seek to salvage fragile relations ahead of a highly anticipated meeting between President Donald Trump and Chinese leader Xi Jinping. Delegations led by US Treasury

By Nathaniel Meyersohn, CNN New York (CNN) — Target will lay off 1,000 corporate employees and close 800 open roles — affecting roughly 8% of its global corporate workforce — the company said Thursday. The layoffs and changes “set the course for our company to be stronger, faster and better positioned” for the future, incoming

By Samantha Delouya, CNN (CNN) — Americans frustrated by high home borrowing rates may have gotten some welcome news this week. The average 30-year fixed mortgage rate dropped to 6.19% for the week ending October 23, down from 6.27% last week, according to Freddie Mac data released Thursday. After years of sluggish activity, sidelined homebuyers

By Chris Isidore, CNN (CNN) — Elon Musk says he needs to build his stake in Tesla so much that he could become the world’s first trillionaire. But this week he said his aim wasn’t to increase his planet-leading wealth. Instead, Musk said the biggest pay package in history was necessary to protect his company.

By Samantha Delouya, CNN (CNN) — President Donald Trump said this week he “loved” America’s cattle ranchers. But those farmers, who overwhelmingly supported the president in the 2024 election, say they aren’t feeling the love right now. Trump is facing criticism from many US cattle ranchers after signaling support for increasing low-tariff beef imports from