By Auzinea Bacon, Alejandra Jaramillo, Elisabeth Buchwald, John Liu, CNN (CNN) — President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, ending a monthslong saga with America’s largest trading partner. Trump announced a 15% levy on most imports from the 27-nation European Union, including
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By Lucy Bayly, CNN (CNN) — The state of President Donald Trump’s economy is about to come into full view. A slew of crucial economic data is set for release this week, including the jobs report, inflation, consumer confidence and corporate earnings. We’ll get the first glimpse at America’s second-quarter gross domestic product, the broadest
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By Jeremy Herb, CNN (CNN) — President Donald Trump took off for Scotland on Friday for his latest presidential trip mixing business and golf. Trump plans to visit his two golf properties in Scotland: First, he’s golfing this weekend at Trump Turnberry, before heading to Trump International Scotland in Aberdeenshire, where he’ll participate in a
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible. Some of the changes, which are in President Donald Trump’s recently enacted federal tax-and-spending cuts package, affect filers who take the standard
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By John Liu, Nectar Gan, CNN Hong Kong (CNN) — The United States and China are poised to start a fresh round of talks in Sweden, aiming to extend a temporary trade truce that held back triple-digit tariffs while the world’s two biggest economies try to broker a lasting deal. Delegations led by US Treasury
Continue ReadingBy Auzinea Bacon, CNN (CNN) — The company behind the popular app Tea Dating Advice, which allows women to anonymously share information about the men they date for safety purposes, confirmed on Friday that 72,000 images — including about 13,000 user images submitted during account verification — were accessed in a data storage breach. When
Continue ReadingBy Danielle Wiener-Bronner, CNN New York (CNN) — When clients used to ask John Crawford if he thought cottage cheese could make a comeback, his answer was an emphatic: “No.” “Part of it was texture, part of it was – it was a diet food, it was your grandparents’ food,” said Crawford, SVP of client
Continue ReadingBy Clare Duffy, CNN New York (CNN) — As anyone who’s scoured the internet for a bridesmaid dress knows, online shopping can be a pain. Among almost unlimited options, it can be a difficult task to find just the right style, color, size and price point. A tech startup called Daydream is now looking to
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By John Towfighi, CNN New York (CNN) — US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along. Stocks were higher on Friday. The Dow closed higher by
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By Clare Duffy, CNN New York (CNN) — Meta CEO Mark Zuckerberg is on a mission for his company to be the first to reach so-called artificial superintelligence — generally considered to mean AI that’s better than all humans at all knowledge work. It’s a nebulous and likely far-out concept that some analysts say may
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By Ramishah Maruf, CNN New York (CNN) — Some Muslim and Middle Eastern tech founders and leaders are among people protesting a prominent venture capitalist’s recent comments blasting New York mayoral candidate Zohran Mamdani. They say when Sequoia Capital partner Shaun Maguire called Mamdani an “Islamist” who “comes from a culture that lies about everything”
Continue ReadingBy Luciana Lopez, Karina Tsui, CNN (CNN) — Kristin Cabot, the chief people officer of Astronomer, has resigned, the company confirmed to CNN Thursday. The resignation comes after Cabot, who oversaw the organization’s human resources, and Andy Byron, the then-chief executive of the New York-based tech company, were spotted embracing at a Coldplay concert earlier
Continue ReadingBy David Goldman, CNN (CNN) — The look on Federal Reserve Chair Jerome Powell’s face said it all. In a press briefing Thursday afternoon, midway through a tour of the Fed’s ongoing renovation project, President Donald Trump claimed that the work cost $3.1 billion — about $600 million more than its stated price tag. The
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By Brian Stelter, Liam Reilly, CNN (CNN) — The pending merger between Paramount Global and Skydance Media was formally approved by the Trump administration on Thursday, concluding months of regulatory uncertainty. FCC commissioners voted 2-1 along party lines to give the $8 billion deal a green light. The approval means that Skydance CEO David Ellison
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By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround. The layoffs, tucked in Intel’s second quarter earnings report, marked one of the first major decisions by new CEO Lip-Bu
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CNN By Adam Cancryn, CNN (CNN) — Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented, multi-pronged assault over Powell’s refusal to lower interest rates. The top
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By Chris Isidore, CNN (CNN) — Elon Musk’s big promises apparently no longer seem to be enough for many Tesla investors. Shares of Tesla (TSLA) fell 9% on Thursday following another dismal earnings report, released after the bell Wednesday. Tesla’s earnings and revenue both fell by double-digit percentages following the biggest sales drop in the
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By Tami Luhby, CNN (CNN) — UnitedHealth Group confirmed Thursday that its Medicare program is under investigation by the US Department of Justice and that it is working with the agency. The health insurer, which has been in upheaval since the murder of one of its top executives late last year, said in a statement
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By Lisa Eadicicco, CNN (CNN) — Uber is piloting a new option for its US app that will allow female passengers to request women drivers, coming after the company has long grappled with preventing sexual assault on its platform. The feature, called Women Preferences, will launch in a pilot stage in Los Angeles, San Francisco
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By Brian Stelter, CNN (CNN) — CBS News is not hiring an outsider to helm “60 Minutes” as the program’s correspondents feared might happen. Instead, the coveted executive producer job is going to Tanya Simon, a 25-year veteran of the newsmagazine, which has faced intense political pressure from President Trump for nearly a year. Simon
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