Money

By Reuters (CNN) — Retired Harvard Law professor Alan Dershowitz lost his bid on Friday to overturn a ruling that dismissed his defamation lawsuit against CNN over the news channel’s coverage of remarks he made during President Donald Trump’s 2020 impeachment trial. The 11th U.S. Circuit Court of Appeals ruled that Dershowitz presented no evidence

CNN By Devan Cole, Katelyn Polantz, Ramishah Maruf, Elisabeth Buchwald, CNN (CNN) — A federal appeals court Friday struck down many of President Donald Trump’s historic tariffs, saying he unlawfully leaned on emergency powers to impose the import taxes. The International Emergency Economic Powers Act does not authorize tariffs like the ones Trump used the

By Devan Cole, Katelyn Polantz, Ramishah Maruf, Elisabeth Buchwald, CNN (CNN) — A federal appeals court Friday struck down many of President Donald Trump’s historic tariffs, saying he unlawfully leaned on emergency powers to impose the import taxes. The International Emergency Economic Powers Act does not authorize tariffs like the ones Trump used the law

By John Towfighi, CNN New York (CNN) — Tech stocks dragged the market lower on Friday and Wall Street wrapped up a wild summer on a relatively quiet note. The Dow fell 92 points, or 0.2%. The broader S&P 500 fell 0.64%. The tech-heavy Nasdaq Composite slid 1.15%. Despite the dip, the Dow, S&P and

By Alicia Wallace, CNN (CNN) — US consumers kept spending in July, even as inflation remained elevated that month, new data showed Friday. Consumer spending rose 0.5% from June, according to Commerce Department data released Friday. That’s slightly below expectations for a 0.6% bump but represented a slight pickup from the 0.4% increase notched in

CNN, POOL, BLOOMBERG, FOX BUSINESS, GETTY IMAGES, AP IMAGES, KTVT, X|@PULTE By Chris Isidore, CNN (CNN) — A Trump administration housing official has sent a new criminal referral to the Justice Department against Federal Reserve Governor Lisa Cook, as she sues the administration to fight the president’s efforts to fire her. The new criminal referral,

By Ramishah Maruf, CNN New York (CNN) — The Trump administration has just wreaked havoc on one of the greatest coping mechanisms of our time: online shopping. Many of the cheaper products that US customers like to buy used to fall under the de minimis exemption, which allowed items worth less than $800 to flow

By Chris Isidore, CNN (CNN) — A Trump administration housing official has sent a new criminal referral to the Justice Department against Federal Reserve Governor Lisa Cook, as she sues the administration to fight the president’s efforts to fire her. The new criminal referral, made late Thursday and revealed in a social media post by

By Samantha Delouya, Ramishah Maruf, CNN (CNN) — After backing away from a controversial logo rebrand loudly opposed by many right-wing influencers, Cracker Barrel also quietly made changes to its website this week. The Tennessee-based roadside restaurant chain deleted a dedicated “Pride page” and scrubbed references to employee resource groups, including its LGBTQ+ and Diversity,

By Liam Reilly, CNN (CNN) — A federal judge on Thursday barred Kari Lake, an ally of President Donald Trump whom the president picked to lead Voice of America, from firing agency director Michael Abramowitz. Judge Royce Lamberth of the US District Court for the District of Columbia ordered Abramowitz’s reinstatement, saying the director must

By Liam Reilly, CNN (CNN) — The Atlanta Journal-Constitution announced on Thursday that it will print its final physical newspaper edition on December 31, making it the latest storied newspaper to discontinue offering its news in print. The changeup means the AJC will be a digital-only publication starting January 1, 2026. The AJC said the

By Jeanne Sahadi, CNN (CNN) — As part of his effort to gain control over the Federal Reserve, President Donald Trump is attempting to fire Fed Governor Lisa Cook based on allegations that she may have committed mortgage fraud. No charges have been filed against Cook as of this writing. But she has filed a

CNN By Bryan Mena, CNN Washington (CNN) — The US economy’s rebound in the second quarter was stronger than previously reported, thanks to consumers who stepped up their spending despite jitters over President Donald Trump’s trade war. Gross domestic product, which measures all the goods and services produced in the economy, registered an annualized rate

By Bryan Mena, Katelyn Polantz, Devan Cole, CNN Washington (CNN) — Federal Reserve Governor Lisa Cook is suing to keep her job on the board, which helps set interest rates, after President Donald Trump said he was removing her from her role earlier this week. Cook’s lawsuit, filed Thursday morning in federal court in Washington,