By Alicia Wallace, CNN (CNN) — America’s economic engine is running a little rough these days. Consumer confidence is cratering, debt burdens are growing, people are worrying more about their jobs and they’re pulling back on some spending out of caution. Still, while the overall fundamentals that prop up the consumer remain solid, the risks
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By Clare Duffy, CNN New York (CNN) — TikTok users may be experiencing some déjà vu this week. The popular short-form video app’s future is once again uncertain as a potential ban in the United States could be just days away. TikTok’s parent company ByteDance is on the hook to sell the app’s US operations
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By Ramishah Maruf, CNN New York (CNN) — Hooters — the restaurant chain first known for its orange-clad, all-female wait staff and then its chicken wings — filed for bankruptcy, the company announced Monday. But the decades-old brand said it isn’t going anywhere. In the bankruptcy process, the company plans to sell all of its
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By Samantha Delouya and Kit Maher, CNN (CNN) — President Donald Trump signed an executive order Monday aimed at ending ticket-price gouging for live entertainment. The order directs the Federal Trade Commission (FTC) to work with Attorney General Pam Bondi to ensure competition laws are enforced in the concert and entertainment industry. It aims to
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CNN By David Goldman and Kevin Liptak, CNN (CNN) — For weeks, President Donald Trump has promoted April 2 as “Liberation Day” in America, when a number of massive tariffs will be announced to fulfill the administration’s ambitious economic agenda. The plan has largely remained a mystery, however, as Trump and his administration have floated
Continue Reading By David Goldman and Kevin Liptak, CNN (CNN) — For weeks, President Donald Trump has promoted April 2 as “Liberation Day” in America, when a number of massive tariffs will be announced to fulfill the administration’s ambitious economic agenda. The plan has largely remained a mystery, however, as Trump and his administration have floated a
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By Brian Stelter, CNN (CNN) — The White House Correspondents’ Association says the Trump administration should abandon its “wrong-headed effort” to take control of the press briefing room seating chart. In a memo to its nearly 900 members on Monday, the association charged the White House with trying to “exert pressure on journalists over coverage
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By Chris Isidore, CNN (CNN) — White House aide Peter Navarro said Sunday that he expects President Donald Trump’s tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history. Even when adjusting for inflation, that amount would be triple the tax increase
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By John Towfighi, CNN New York (CNN) — As Wall Street heads into a new quarter, a flurry of President Donald Trump’s tariffs are set to go into effect. That has traders on edge and has helped put US stocks in their worst first-quarter slump in years. Wall Street has been rocked with volatility this
Continue ReadingBy Matt Egan, CNN (CNN) — The US economy faces a growing risk of a recession as surging tariffs threaten to stunt growth, reignite inflation and lift unemployment, according to Goldman Sachs. The Wall Street bank warned clients Sunday night that it now sees a 35% chance of a recession in the next 12 months,
Continue ReadingBy Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Looming tariffs on imported cars could mean more than just higher prices for buyers and lower profits for automakers – it could also mean layoffs for American autoworkers. President Donald Trump says his auto tariffs will remake the industry, shifting production of both cars
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — The Federal Reserve admits it badly misjudged the beginning of the inflation crisis, but officials hope they won’t make the same mistake again. President Donald Trump’s tariffs are about to determine whether America’s central bank is up for the challenge. In 2021, as the US economy recovered from
Continue ReadingBy John Liu, CNN (CNN) — A popular Japanese restaurant chain has closed nearly all of its 2,000 stores for cleaning this week, after a rat and a bug were found in its food. Sukiya, the country’s largest chain serving gyudon, or beef bowls, announced the temporary closures following an insect contamination incident at one
Continue ReadingBy Brian Stelter, CNN (CNN) — In the Trump administration’s latest assertion of power over the press corps, the White House intends to take over the seating assignments in the press briefing room, according to a senior official. The plan may cause a tug-of-war with the White House Correspondents’ Association, the independent group that currently
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By Auzinea Bacon, CNN (CNN) — Auto dealerships across the United States could see a jump in customer traffic this week as cost-conscious buyers look to avoid a possible uptick in prices and maintenance costs over the next few years, according to industry analysts. The growing concern over sticker shock has one cause: President Donald
Continue ReadingBy Nayeli Jaramillo-Plata, CNN (CNN) — Federal funding cuts have thrown local food systems in Wisconsin — and across the US — into chaos. This month, the US Department of Agriculture (USDA) announced it is terminating 2025 funding for two pandemic-era initiatives: the Local Food Purchase Assistance (LFPA) and Local Food for Schools (LFS) programs.
Continue ReadingCNN By David Goldman and Betsy Klein, CNN (CNN) — President Donald Trump said Saturday he doesn’t care if automakers hike prices because of his tariffs. In fact, he encouraged them to. Asked by NBC News’ Kristen Welker in a phone interview about whether he pressured automakers to avoid raising prices after his 25% tariffs
Continue ReadingBy Lisa Eadicicco, CNN New York (CNN) — 23andMe, a standard-bearer for the at-home health movement, announced on March 23 that it has filed for Chapter 11 bankruptcy to facilitate a sale, prompting many of its 15 million customers to wonder: What happens to my genetic data now? Privacy advocates and two state attorneys general
Continue ReadingBy Samantha Delouya, CNN (CNN) — Sharon Savoy, a 65-year-old retiree from just outside of Toronto, had planned a typical three-month stay at her vacation home in Miami earlier this month. But then she abruptly decided to put the trip on hold, and now she wonders when she’ll ever go back to her second home.
Continue ReadingBy David Goldman and Betsy Klein, CNN (CNN) — President Donald Trump said Saturday he doesn’t care if automakers hike prices because of his tariffs. In fact, he encouraged them to. Asked by NBC News’ Kristen Welker in a phone interview about whether he pressured automakers to avoid raising prices after his 25% tariffs on
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