Money

By Elisabeth Buchwald and Nectar Gan, CNN New York/Hong Kong (CNN) — President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. This comes on top of Chinese tariffs that were in place prior to Trump’s second term.

CNN By Bryan Mena and Phil Mattingly, CNN (CNN) –– President Donald Trump’s US Trade Representative Jamieson Greer on Tuesday defended the administration’s expansive tariffs, saying that its concerns would not be resolved overnight, and in at least one case, the tariffs were about “running up the score.” Greer’s comments came during a routine hearing

By Anna Cooban, CNN London (CNN) — A top White House trade official has a message for world leaders caught in the crosshairs of US President Donald Trump’s tariff plans: it’s “just the beginning.” Peter Navarro, the president’s senior counselor on trade and manufacturing, wrote in an opinion piece in the Financial Times Monday that

By Jeanne Sahadi, CNN (CNN) — Your portfolio, whether in a 401(k), IRA or brokerage account, is almost certainly in the red year-to-date after the precipitous stock plunge over the past week following President Trump’s announcement of his tariffs regime. If you also have bonds and cash in your portfolio, the good news is that

By Bryan Mena and Phil Mattingly, CNN (CNN) –– President Donald Trump’s US Trade Representative Jamieson Greer on Tuesday defended the administration’s expansive tariffs, saying that its concerns would not be resolved overnight, and in at least one case, the tariffs were about “running up the score.” Greer’s comments came during a routine hearing with

By Matthew Kaufman, CNN New York (CNN) — Applying for a new job? A human resources representative or hiring manager may not be the first to review your resume. Instead, it might be an AI-powered tool. With some job postings attracting hundreds or thousands of applications, companies are increasingly using AI to sort through applicants

By Jordan Valinsky, CNN New York (CNN) — Cinnabon is facing an existential threat as it turns 40: How does a chain that’s become synonymous with the food court evolve when fewer malls are being built? GoTo Foods, Cinnabon’s parent company, isn’t looking too far for a solution. Next month, Cinnabon is opening a first-of-its-kind

By John Towfighi, David Goldman and Matt Egan, CNN New York (CNN) — What was a massive rally on Wall Street turned into yet another sizeable decline. Cheap stocks and hope for signs of trade negotiation sent markets surging Tuesday morning — but that relief rally evaporated as the White House said it would levy

CNN By Anna Cooban, CNN London (CNN) — Wealthy business leaders are turning on US President Donald Trump over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world. Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going

CNN By Hadas Gold and Brian Stelter, CNN New York (CNN) — An errant post on X may have just shaken the stock market, showing how influential — and unreliable — the social media platform can be. Unsourced “headlines” about a potential “90-day pause in tariffs” sent markets into a state of turbulence Monday morning

By Hadas Gold and Brian Stelter, CNN New York (CNN) — An errant post on X may have just shaken the stock market, showing how influential — and unreliable — the social media platform can be. Unsourced “headlines” about a potential “90-day pause in tariffs” sent markets into a state of turbulence Monday morning as

By Anna Cooban, CNN London (CNN) — Wealthy business leaders are turning on US President Donald Trump over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world. Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going ahead

By Chris Isidore, CNN (CNN) — The United Auto Workers union, and many of its members, have publicly agreed with President Donald Trump’s decision to slap 25% tariffs on all imported cars. But about 900 UAW members will start paying the price for those tariffs starting Monday. That’s how many hourly workers at five US

By Lisa Eadicicco, CNN New York (CNN) — Nintendo found what works — and it’s not turning back. That’s the impression the company gave last week when it introduced the Switch 2, which launches June 5 and costs $450 — substantially more than its $300 predecessor. Nintendo’s next-generation console is a significantly upgraded version of

By David Goldman, John Towfighi and Matt Egan, CNN New York (CNN) — US stocks mostly fell after an extremely volatile day Monday — tumbling, surging and then bouncing around in every direction, as traders searched for any sign that President Donald Trump’s tariffs could be negotiated or halted. Markets around the world had tumbled

By David Goldman and Matt Egan, CNN (CNN) — JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump’s tariff policy: It threatens to raise prices, drive the global economy into a downturn and weaken America’s standing in the world. “The recent tariffs will likely increase inflation and are causing many to

By Harry Enten and Matt Egan, CNN New York (CNN) — President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown. “You want to see a market crash? If we lost this election, I think the market would go down the tubes,”